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ZIP Code · NC

ZIP 27606

Part of Raleigh, NC
Pop. 45,444·Wake County·158th most expensive ZIP in North Carolina
Median rent (all units)
$1,502/mo
Year-over-Year
+3.0%
Month-over-Month
-0.7%
vs US Median
-$463
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 27606 · $1,502
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,184
1 BR
$1,246
2 BR
$1,363
3 BR
$1,713
4 BR+
$2,290
Research median
$1,363/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
$18,024/yr
At $1,502/mo median
Location
StateNC
CountyWake County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+3.0% YoY, -0.7% MoM), not inventory.
Demographics

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.

Population
45,444
Median income
$78,371
Median age
30.9
Renters
62.2%
Age distribution
14.2%
43.5%
22.9%
Under 1814.2%
18–3443.5%
35–5422.9%
55–649.1%
65+10.4%
Gender
51.9%
48.1%
Male51.9%
Female48.1%
Race & ethnicity
65.9%
14.1%
White65.9%
Black14.1%
Hispanic6.5%
Asian10.6%
Other2.9%
Education (25+)
13.2%
20%
60.3%
No HS diploma6.5%
HS diploma13.2%
Some college20%
Bachelor's+60.3%
Housing tenure
37.8%
62.2%
Owner37.8%
Renter62.2%

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

2021 vs 2026

How ZIP 27606 in Raleigh, NC has changed in 5 years

Rent
$1,136 → $1,502
up 32.2%
Income
$65,133 → $78,371
up 20.3%
Population
45,499 → 45,444
down 0.1%
Renter share
63.3% → 62.2%
-1.1 pts
Bachelor's+
58.3% → 60.3%
+2.0 pts
Median age
30 → 30.9
+0.9 yrs

Compared with 2021, rent in ZIP 27606 in Raleigh, NC has increased by $366 per month, settling near $1,502 after starting the period at $1,136. 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 11.9 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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Local insights

Tips for renters in ZIP 27606

About renting in ZIP 27606

Last updated: July 20, 2026

ZIP code 27606 covers Raleigh, NC. The median rent here is $1,502/mo as of July 2026. A 1-bedroom rents for a median of $1,246/mo. A 2-bedroom rents for a median of $1,363/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 3.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27606?

As of July 20, 2026, the median monthly rent in ZIP 27606 (Raleigh, NC) is $1,502. This is based on aggregated data from public sources and community submissions.

How does ZIP 27606 rent compare to the US average?

ZIP 27606's median rent of $1,502/mo is $463 (24%) below the US national median of $1,965/mo.

How does ZIP 27606 compare to other ZIPs in North Carolina?

ZIP 27606 is among the more affordable ZIP codes in North Carolina, ranking #158 out of 227 ZIPs at $1,502/mo.

How much income do you need to rent in ZIP 27606?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,502/mo in ZIP 27606. The local median household income is $78,371/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27606?

Rent in ZIP 27606 has increased 3.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 27606 an affordable place to rent?

ZIP 27606 is considered very affordable for renters. At $1,502/mo, rent takes approximately 23% of the local median household income ($78,371/yr). The standard benchmark is 30%. ZIP 27606 falls comfortably within that range.

What percentage of ZIP 27606 residents rent vs. own?

According to Census data, approximately 62.2% of ZIP 27606 households are renters, while 37.8% are owner-occupied. With a majority renter population, ZIP 27606 has a strong rental market.

How does ZIP 27606 compare to the rest of Raleigh?

ZIP 27606 is more affordable than Raleigh overall. At $1,502/mo, it's $77 below the Raleigh citywide median of $1,579/mo.

When was rent data for ZIP 27606 last updated?

Rent data for ZIP 27606 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,502/mo, rent takes ~23% of ZIP 27606's median household income ($78,371/yr). The standard benchmark is 30%.

ZIP 27606 23%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27606 (Raleigh, NC)

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