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ZIP Code · NC

ZIP 27607

Part of Raleigh, NC
Pop. 28,438·Wake County·144th most expensive ZIP in North Carolina
Median rent (all units)
$1,574/mo
Year-over-Year
+2.4%
Month-over-Month
-0.3%
vs US Median
-$391
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 27607 · $1,574
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,550
1 BR
$1,620
2 BR
$1,780
3 BR
$2,230
4 BR+
$2,990
Research median
$1,780/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
$18,888/yr
At $1,574/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 (+2.4% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 27607 (Raleigh, NC) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 70.7% of residents hold a bachelor's degree or higher.

Population
28,438
Median income
$96,775
Median age
25.7
Renters
56%
Age distribution
13.1%
52.2%
19.4%
Under 1813.1%
18–3452.2%
35–5419.4%
55–647.1%
65+8.2%
Gender
45.2%
54.8%
Male45.2%
Female54.8%
Race & ethnicity
72.6%
14%
White72.6%
Black14%
Hispanic6.2%
Asian4.6%
Other2.6%
Education (25+)
17.4%
70.7%
No HS diploma4%
HS diploma7.9%
Some college17.4%
Bachelor's+70.7%
Housing tenure
44%
56%
Owner44%
Renter56%

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

2021 vs 2026

How ZIP 27607 in Raleigh, NC has changed in 5 years

Rent
$1,209 → $1,574
up 30.2%
Income
$76,486 → $96,775
up 26.5%
Population
27,128 → 28,438
up 4.8%
Renter share
53.5% → 56%
+2.5 pts
Bachelor's+
69.6% → 70.7%
+1.1 pts
Median age
24.3 → 25.7
+1.4 yrs

Rent in ZIP 27607 in Raleigh, NC has climbed 30.2% since 2021, going from about $1,209 per month to roughly $1,574 today. Census figures show median household income at $96,775 today, compared with $76,486 five years earlier. Rent outpaced income growth by roughly 3.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 27,128 to 28,438 between 2021 and 2024, a 4.8% change. About 56% of households rent today, against 53.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 27607

Last updated: July 20, 2026

ZIP code 27607 covers Raleigh, NC. The median rent here is $1,574/mo as of July 2026. A 1-bedroom rents for a median of $1,620/mo. A 2-bedroom rents for a median of $1,780/mo.

At 20% of local median household income ($96,775/yr), ZIP 27607 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27607?

As of July 20, 2026, the median monthly rent in ZIP 27607 (Raleigh, NC) is $1,574. This is based on aggregated data from public sources and community submissions.

How does ZIP 27607 rent compare to the US average?

ZIP 27607's median rent of $1,574/mo is $391 (20%) below the US national median of $1,965/mo.

How does ZIP 27607 compare to other ZIPs in North Carolina?

ZIP 27607 falls in the middle range for North Carolina, ranking #144 out of 227 ZIPs at $1,574/mo.

How much income do you need to rent in ZIP 27607?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,574/mo in ZIP 27607. The local median household income is $96,775/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27607?

Rent in ZIP 27607 has increased 2.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 27607 an affordable place to rent?

ZIP 27607 is considered very affordable for renters. At $1,574/mo, rent takes approximately 20% of the local median household income ($96,775/yr). The standard benchmark is 30%. ZIP 27607 falls comfortably within that range.

What percentage of ZIP 27607 residents rent vs. own?

According to Census data, approximately 56% of ZIP 27607 households are renters, while 44% are owner-occupied. With a majority renter population, ZIP 27607 has a strong rental market.

How does ZIP 27607 compare to the rest of Raleigh?

ZIP 27607 is more affordable than Raleigh overall. At $1,574/mo, it's $5 below the Raleigh citywide median of $1,579/mo.

When was rent data for ZIP 27607 last updated?

Rent data for ZIP 27607 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,574/mo, rent takes ~20% of ZIP 27607's median household income ($96,775/yr). The standard benchmark is 30%.

ZIP 27607 20%Benchmark 30%
State income tax4.5%
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Schools nearby

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