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ZIP Code · NC

ZIP 27587

Pop. 82,886·Wake County·70th most expensive ZIP in North Carolina
Median rent (all units)
$1,801/mo
Year-over-Year
+1.4%
Month-over-Month
+0.9%
vs US Median
-$164
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 27587 · $1,801
More affordable than 52% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,530
1 BR
$1,600
2 BR
$1,750
3 BR
$2,210
4 BR+
$2,930
Research median
$1,750/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: July 20, 2026

Annual cost
$21,612/yr
At $1,801/mo median
Location
StateNC
CountyWake County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.4% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 27587 (Wake Forest, NC) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 57.7% of residents hold a bachelor's degree or higher.

Population
82,886
Median income
$133,743
Median age
40.8
Renters
19%
Age distribution
25.6%
17.2%
30.9%
13.3%
13%
Under 1825.6%
18–3417.2%
35–5430.9%
55–6413.3%
65+13%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
69.9%
16%
White69.9%
Black16%
Hispanic8.6%
Asian2.4%
Other3.1%
Education (25+)
14.6%
24.7%
57.7%
No HS diploma3.1%
HS diploma14.6%
Some college24.7%
Bachelor's+57.7%
Housing tenure
81%
19%
Owner81%
Renter19%

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

2021 vs 2026

How ZIP 27587 in Wake Forest, NC has changed in 5 years

Rent
$1,451 → $1,801
up 24.1%
Income
$107,114 → $133,743
up 24.9%
Population
77,957 → 82,886
up 6.3%
Renter share
21.5% → 19%
-2.5 pts
Bachelor's+
54.1% → 57.7%
+3.6 pts

Across the past five years, the going rent in ZIP 27587 in Wake Forest, NC has shifted from $1,451 to $1,801, up 24.1% since 2021. Local incomes tracked alongside that move, going from a median of $107,114 in 2021 to $133,743 more recently. Census counts show ZIP 27587 in Wake Forest, NC adding about 4,929 residents over the five-year window, up 6.3% on net. The renter share has eased from 21.5% to 19%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 54.1% to 57.7% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 27587 in Wake Forest, NC market of 2021.

Community

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Local insights

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About renting in ZIP 27587

Last updated: July 20, 2026

ZIP code 27587 covers Wake Forest, NC. The median rent here is $1,801/mo as of July 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,750/mo.

At 16% of local median household income ($133,743/yr), ZIP 27587 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27587?

As of July 20, 2026, the median monthly rent in ZIP 27587 (Wake Forest, NC) is $1,801. This is based on aggregated data from public sources and community submissions.

How does ZIP 27587 rent compare to the US average?

ZIP 27587's median rent of $1,801/mo is $164 (8%) below the US national median of $1,965/mo.

How does ZIP 27587 compare to other ZIPs in North Carolina?

ZIP 27587 is one of the pricier ZIP codes in North Carolina, ranking #70 out of 227 ZIPs tracked at $1,801/mo.

How much income do you need to rent in ZIP 27587?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,801/mo in ZIP 27587. The local median household income is $133,743/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27587?

Rent in ZIP 27587 has increased 1.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 27587 an affordable place to rent?

ZIP 27587 is considered very affordable for renters. At $1,801/mo, rent takes approximately 16% of the local median household income ($133,743/yr). The standard benchmark is 30%. ZIP 27587 falls comfortably within that range.

What percentage of ZIP 27587 residents rent vs. own?

According to Census data, approximately 19% of ZIP 27587 households are renters, while 81% are owner-occupied. ZIP 27587 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 27587 compare to the rest of Wake Forest?

ZIP 27587 is more affordable than Wake Forest overall. At $1,801/mo, it's $12 below the Wake Forest citywide median of $1,813/mo.

When was rent data for ZIP 27587 last updated?

Rent data for ZIP 27587 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $1,801/mo, rent takes ~16% of ZIP 27587's median household income ($133,743/yr). The standard benchmark is 30%.

ZIP 27587 16%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27587 (Wake Forest, NC)

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