ZIP 27605
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 27605 usually run 1.4% below trend in January and 1.7% above it in July, about $56 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 27605 is 5.9% below its high of $1,929 in July 2022, at $1,816 as of September 2026.
Rent in ZIP 27605 changed -2.9% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.
From 2019 to 2024, rent in ZIP 27605 rose 26.4% while median household income rose 22.6% ($57,996 to $71,096). Rent outpaced income.
Rent in ZIP 27605 is 19.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 6 months in a row, and rose in 3 of the last 12 months.
30% of the median household income ($71,096) is $1,777 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,760); a 2-bedroom is $1,930.
13th cheapest of 15 ZIP codes in Raleigh.
ZIP 27609, 4 miles away, rents for 24% less ($1,381/mo), about $5,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 27605. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 27605 in Raleigh, NC has changed in 5 years
The median rent in ZIP 27605 in Raleigh, NC stood at $1,549 in 2021 and currently runs about $1,816, reflecting a 17.2% increase over the period. Local incomes tracked alongside that move, going from a median of $58,253 in 2021 to $71,096 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. 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.
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Tips for renters in ZIP 27605
Last updated: October 17, 2026
ZIP code 27605 covers Raleigh, NC. The median rent here is $1,816/mo as of October 2026. A 1-bedroom rents for a median of $1,760/mo. A 2-bedroom rents for a median of $1,930/mo.
At 31% of local median household income ($71,096/yr), ZIP 27605 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.9% over the past year.
Frequently asked questions
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How does ZIP 27605 compare to the rest of Raleigh?
At $1,816/mo, rent takes ~31% of ZIP 27605's median household income ($71,096/yr). The standard benchmark is 30%.
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