ZIP Code · NC

ZIP 27577

Part of Smithfield, NC

Pop. 28,354·Johnston County·110th most expensive ZIP in North Carolina

Median rent (all units)

$1,674/mo

Year-over-Year

+4.0%

Month-over-Month

Stable

vs US Median

-$258

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 27577 · $1,674

More affordable than 60% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,170

1 BR

$1,190

2 BR

$1,350

3 BR

$1,660

4 BR+

$2,200

Research median

$1,350/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of North Carolina

Rent in ZIP 27577 changed +4.0% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($62,758) is $1,569 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,350); a 3-bedroom is $1,660.

From Zillow's monthly rent index (ZORI) for ZIP 27577. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,088/yr

At $1,674/mo median

Location

CitySmithfield

StateNC

CountyJohnston County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 27577 (Smithfield, NC) is majority owner-occupied, has a median income below the national average, 20.2% of residents hold a bachelor's degree or higher.

Population

28,354

Median income

$62,758

Median age

41.3

Renters

26.8%

Age distribution

24.1%

17.2%

28.3%

13.5%

16.9%

Under 1824.1%

18–3417.2%

35–5428.3%

55–6413.5%

65+16.9%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

62.9%

18.1%

19.1%

White62.9%

Black18.1%

Hispanic19.1%

Asian1.2%

Education (25+)

13.9%

33.8%

32%

20.2%

No HS diploma13.9%

HS diploma33.8%

Some college32%

Bachelor's+20.2%

Housing tenure

73.2%

26.8%

Owner73.2%

Renter26.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 27577 in Smithfield, NC has changed in 5 years

Income

$51,674 → $62,758

up 21.4%

Population

25,950 → 28,354

up 9.3%

Renter share

33.1% → 26.8%

-6.3 pts

Bachelor's+

21.9% → 20.2%

-1.7 pts

Household income in the area moved from $51,674 to $62,758 across the same window, up 21.4% versus 2021. The population has grown by 9.3% since 2021, moving from about 25,950 residents to roughly 28,354. Renters now make up 26.8% of households, compared with 33.1% five years ago.

Community

Discussions about ZIP 27577

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Local insights

Tips for renters in ZIP 27577

About renting in ZIP 27577

Last updated: October 17, 2026

ZIP code 27577 covers Smithfield, NC. The median rent here is $1,674/mo as of October 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,350/mo.

At 32% of local median household income ($62,758/yr), ZIP 27577 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27577?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (about $32/hour full-time) to afford the median rent of $1,674/mo in ZIP 27577. The local median household income is $62,758/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 27577?

Rent in ZIP 27577 has risen 4.0% over the past year.

How does ZIP 27577 compare to other ZIPs in North Carolina?

ZIP 27577 is in the middle among North Carolina ZIP codes for rent, ranking #110 of 230 at $1,674/mo. Over the year to September 2026, rent in ZIP 27577 changed +4.0%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.