RentDataNowRentDataNow
ZIP Code · NC

ZIP 27605

Part of Raleigh, NC
Pop. 6,286·Wake County·112th most expensive ZIP in North Carolina
Median rent (all units)
$1,676/mo
Year-over-Year
+0.5%
Month-over-Month
-2.7%
vs US Median
-$289
Falling (Monthly)
Be the first to discuss 27605 rents ↓
Most AffordableMost Expensive
ZIP 27605 · $1,676
More affordable than 60% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,325
1 BR
$1,388
2 BR
$1,523
3 BR
$1,909
4 BR+
$2,556
Research median
$1,523/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$20,112/yr
At $1,676/mo median
Location
StateNC
CountyWake County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 0.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.5% YoY, -2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 27605 (Raleigh, NC) is majority renter-occupied, skews toward younger working-age adults, 75.7% of residents hold a bachelor's degree or higher.

Population
6,286
Median income
$71,096
Median age
30.9
Renters
70.6%
Age distribution
50.9%
18.4%
15.6%
Under 183.8%
18–3450.9%
35–5418.4%
55–6411.3%
65+15.6%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
79%
White79%
Black8.6%
Hispanic6.5%
Asian2.5%
Other3.4%
Education (25+)
15.3%
75.7%
No HS diploma1.8%
HS diploma7.2%
Some college15.3%
Bachelor's+75.7%
Housing tenure
29.4%
70.6%
Owner29.4%
Renter70.6%

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

2021 vs 2026

How ZIP 27605 in Raleigh, NC has changed in 5 years

Rent
$1,351 → $1,676
up 24.1%
Income
$58,253 → $71,096
up 22.0%
Population
5,680 → 6,286
up 10.7%
Renter share
67.5% → 70.6%
+3.1 pts
Bachelor's+
71.5% → 75.7%
+4.2 pts
Median age
34.1 → 30.9
-3.2 yrs

The median rent in ZIP 27605 in Raleigh, NC stood at $1,351 in 2021 and currently runs about $1,676, reflecting a 24.1% increase over the period. Local incomes tracked alongside that move, going from a median of $58,253 in 2021 to $71,096 more recently. The population has grown by 10.7% since 2021, moving from about 5,680 residents to roughly 6,286. Renters now make up 70.6% of households, compared with 67.5% five years ago. College-educated residents now make up 75.7% of adults here, versus 71.5% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 27605 in Raleigh, NC market of 2021.

Community

Discussions about ZIP 27605

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 27605

About renting in ZIP 27605

Last updated: July 20, 2026

ZIP code 27605 covers Raleigh, NC. The median rent here is $1,676/mo as of July 2026. A 1-bedroom rents for a median of $1,388/mo. A 2-bedroom rents for a median of $1,523/mo.

At 28% of local median household income ($71,096/yr), ZIP 27605 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27605?

As of July 20, 2026, the median monthly rent in ZIP 27605 (Raleigh, NC) is $1,676. This is based on aggregated data from public sources and community submissions.

How does ZIP 27605 rent compare to the US average?

ZIP 27605's median rent of $1,676/mo is $289 (15%) below the US national median of $1,965/mo.

How does ZIP 27605 compare to other ZIPs in North Carolina?

ZIP 27605 falls in the middle range for North Carolina, ranking #112 out of 227 ZIPs at $1,676/mo.

How much income do you need to rent in ZIP 27605?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,676/mo in ZIP 27605. The local median household income is $71,096/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27605?

Rent in ZIP 27605 has increased 0.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 27605 an affordable place to rent?

ZIP 27605 is considered affordable for renters. At $1,676/mo, rent takes approximately 28% of the local median household income ($71,096/yr). The standard benchmark is 30%. ZIP 27605 falls comfortably within that range.

What percentage of ZIP 27605 residents rent vs. own?

According to Census data, approximately 70.6% of ZIP 27605 households are renters, while 29.4% are owner-occupied. With a majority renter population, ZIP 27605 has a strong rental market.

How does ZIP 27605 compare to the rest of Raleigh?

ZIP 27605 is pricier than Raleigh as a whole. At $1,676/mo, it's $97 above the Raleigh citywide median of $1,579/mo.

When was rent data for ZIP 27605 last updated?

Rent data for ZIP 27605 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,676/mo, rent takes ~28% of ZIP 27605's median household income ($71,096/yr). The standard benchmark is 30%.

ZIP 27605 28%Benchmark 30%
State income tax4.5%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 27605 (Raleigh, NC)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.