ZIP 27606
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 27606 usually run 0.9% below trend in February and 1.1% above it in July, about $30 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 27606 is 0.1% below its high of $1,479 in August 2026, at $1,478 as of September 2026.
Rent in ZIP 27606 changed +1.0% 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 27606 rose 39.6% while median household income rose 37% ($57,199 to $78,371). Rent outpaced income.
Rent in ZIP 27606 is 35.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 6 of the last 12 months.
30% of the median household income ($78,371) is $1,959 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,750); a 3-bedroom is $2,200.
3rd cheapest of 15 ZIP codes in Raleigh.
From Zillow's monthly rent index (ZORI) for ZIP 27606. 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 27606 (Raleigh, NC) is majority renter-occupied, skews toward younger working-age adults, 60.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 27606 in Raleigh, NC has changed in 5 years
Compared with 2021, rent in ZIP 27606 in Raleigh, NC has increased by $358 per month, settling near $1,478 after starting the period at $1,120. Local incomes tracked alongside that move, going from a median of $65,133 in 2021 to $78,371 more recently. Rent outpaced income growth by roughly 11.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 58.3% to 60.3%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 27606 in Raleigh, NC market of 2021.
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Tips for renters in ZIP 27606
Last updated: October 17, 2026
ZIP code 27606 covers Raleigh, NC. The median rent here is $1,478/mo as of October 2026. A 1-bedroom rents for a median of $1,226/mo. A 2-bedroom rents for a median of $1,341/mo.
At 23% of local median household income ($78,371/yr), ZIP 27606 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.
Frequently asked questions
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How does ZIP 27606 compare to other ZIPs in North Carolina?
How does ZIP 27606 compare to the rest of Raleigh?
At $1,478/mo, rent takes ~23% of ZIP 27606's median household income ($78,371/yr). The standard benchmark is 30%.
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