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ZIP Code · NC

ZIP 27604

Part of Raleigh, NC
Pop. 44,514·Wake County·119th most expensive ZIP in North Carolina
Median rent (all units)
$1,649/mo
Year-over-Year
+3.1%
Month-over-Month
+1.3%
vs US Median
-$316
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 27604 · $1,649
More affordable than 63% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,570
2 BR
$1,720
3 BR
$2,160
4 BR+
$2,890
Research median
$1,720/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
$19,788/yr
At $1,649/mo median
Location
StateNC
CountyWake County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.1% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 27604 (Raleigh, NC) is roughly split between renters and owners, 39.9% of residents hold a bachelor's degree or higher.

Population
44,514
Median income
$70,375
Median age
36.6
Renters
45.2%
Age distribution
20.6%
26.6%
28.5%
12.8%
Under 1820.6%
18–3426.6%
35–5428.5%
55–6411.5%
65+12.8%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
41.6%
30.3%
19.7%
White41.6%
Black30.3%
Hispanic19.7%
Asian8%
Education (25+)
23.6%
26%
39.9%
No HS diploma10.5%
HS diploma23.6%
Some college26%
Bachelor's+39.9%
Housing tenure
54.8%
45.2%
Owner54.8%
Renter45.2%

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

2021 vs 2026

How ZIP 27604 in Raleigh, NC has changed in 5 years

Rent
$1,234 → $1,649
up 33.6%
Income
$71,126 → $70,375
down 1.1%
Population
44,856 → 44,514
down 0.8%
Renter share
43.7% → 45.2%
+1.5 pts
Bachelor's+
41% → 39.9%
-1.1 pts

Since 2021, the typical rent in ZIP 27604 in Raleigh, NC has increased from $1,234 to $1,649, a 33.6% change over five years. Census figures show median household income at $70,375 today, compared with $71,126 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 45.2% of households, compared with 43.7% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

Tips for renters in ZIP 27604

About renting in ZIP 27604

Last updated: July 20, 2026

ZIP code 27604 covers Raleigh, NC. The median rent here is $1,649/mo as of July 2026. A 1-bedroom rents for a median of $1,570/mo. A 2-bedroom rents for a median of $1,720/mo.

At 28% of local median household income ($70,375/yr), ZIP 27604 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27604?

As of July 20, 2026, the median monthly rent in ZIP 27604 (Raleigh, NC) is $1,649. This is based on aggregated data from public sources and community submissions.

How does ZIP 27604 rent compare to the US average?

ZIP 27604's median rent of $1,649/mo is $316 (16%) below the US national median of $1,965/mo.

How does ZIP 27604 compare to other ZIPs in North Carolina?

ZIP 27604 falls in the middle range for North Carolina, ranking #119 out of 227 ZIPs at $1,649/mo.

How much income do you need to rent in ZIP 27604?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,649/mo in ZIP 27604. The local median household income is $70,375/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27604?

Rent in ZIP 27604 has increased 3.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 27604 an affordable place to rent?

ZIP 27604 is considered affordable for renters. At $1,649/mo, rent takes approximately 28% of the local median household income ($70,375/yr). The standard benchmark is 30%. ZIP 27604 falls comfortably within that range.

What percentage of ZIP 27604 residents rent vs. own?

According to Census data, approximately 45.2% of ZIP 27604 households are renters, while 54.8% are owner-occupied. ZIP 27604 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 27604 compare to the rest of Raleigh?

ZIP 27604 is pricier than Raleigh as a whole. At $1,649/mo, it's $70 above the Raleigh citywide median of $1,579/mo.

When was rent data for ZIP 27604 last updated?

Rent data for ZIP 27604 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,649/mo, rent takes ~28% of ZIP 27604's median household income ($70,375/yr). The standard benchmark is 30%.

ZIP 27604 28%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27604 (Raleigh, NC)

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