ZIP Code · NC

ZIP 27608

Part of Raleigh, NC
Pop. 12,604·Wake County·27th most expensive ZIP in North Carolina
Median rent (all units)
$2,009/mo
Year-over-Year
+0.8%
Month-over-Month
-0.5%
vs US Median
+$77
Reported rents
Stable (Monthly)
Be the first to discuss 27608 rents ↓
Most AffordableMost Expensive
ZIP 27608 · $2,009
More expensive than 62% of US ZIP codes · National median $1,932/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,530
1 BR
$1,610
2 BR
$1,760
3 BR
$2,210
4 BR+
$2,950
Research median
$1,760/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 27608 usually run 0.9% below trend in November and 0.9% above it in June, about $36 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 27608 is 1.4% below its high of $2,038 in November 2025, at $2,009 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 27608 changed +0.8% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Since before the pandemic

Rent in ZIP 27608 is 40.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($162,188) is $4,055 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,950).

Rank in Raleigh

15th cheapest of 15 ZIP codes in Raleigh.

Cheaper nearby

ZIP 27609, 3 miles away, rents for 31% less ($1,381/mo), about $7,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 27608. 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.

Annual cost
$24,108/yr
At $2,009/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 (+0.8% YoY, -0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 27608 (Raleigh, NC) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 86.9% of residents hold a bachelor's degree or higher.

Population
12,604
Median income
$162,188
Median age
42
Renters
23.8%
Age distribution
25.5%
17.8%
28%
16.8%
Under 1825.5%
18–3417.8%
35–5428%
55–6411.8%
65+16.8%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
90.2%
White90.2%
Black1.9%
Hispanic3.8%
Other4%
Education (25+)
86.9%
No HS diploma0.9%
HS diploma4.4%
Some college7.7%
Bachelor's+86.9%
Housing tenure
76.2%
23.8%
Owner76.2%
Renter23.8%

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

2021 vs 2026

How ZIP 27608 in Raleigh, NC has changed in 5 years

Rent
$1,534 → $2,009
up 31.0%
Income
$146,295 → $162,188
up 10.9%
Population
12,069 → 12,604
up 4.4%
Renter share
23.7% → 23.8%
+0.1 pts
Bachelor's+
82% → 86.9%
+4.9 pts
Median age
39.6 → 42
+2.4 yrs

Compared with 2021, rent in ZIP 27608 in Raleigh, NC has climbed by $475 per month, settling near $2,009 after starting the period at $1,534. On the earnings side, the typical household in ZIP 27608 in Raleigh, NC now reports about $162,188, up from $146,295 in 2021. Rent outpaced income growth by roughly 20.1 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 12,069 to 12,604 between 2021 and 2024, a 4.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 82% to 86.9%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 27608 in Raleigh, NC reflects that arc in its own way.

Community

Discussions about ZIP 27608

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 27608

About renting in ZIP 27608

Last updated: October 17, 2026

ZIP code 27608 covers Raleigh, NC. The median rent here is $2,009/mo as of October 2026. A 1-bedroom rents for a median of $1,610/mo. A 2-bedroom rents for a median of $1,760/mo.

At 15% of local median household income ($162,188/yr), ZIP 27608 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27608?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $2,009/mo in ZIP 27608. The local median household income is $162,188/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27608?

Rent in ZIP 27608 has risen 0.8% over the past year as of September 2026. It sits 1.4% below its high of $2,038 in November 2025.

When is the cheapest time to rent in ZIP 27608?

Asking rents in ZIP 27608 are usually lowest in November, about 0.9% below their yearly trend, and highest in June, about 0.9% above it. At today's median that is a gap of roughly $36 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 27608 compare to other ZIPs in North Carolina?

ZIP 27608 is one of the pricier among North Carolina ZIP codes for rent, ranking #27 of 230 at $2,009/mo. Over the year to September 2026, rent in ZIP 27608 changed +0.8%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 27608 compare to the rest of Raleigh?

At $2,009/mo, ZIP 27608 is $437 above the Raleigh citywide median of $1,572/mo. It is the 15th cheapest of 15 ZIP codes in Raleigh.
Income Affordability
15%
VERY AFFORDABLE

At $2,009/mo, rent takes ~15% of ZIP 27608's median household income ($162,188/yr). The standard benchmark is 30%.

ZIP 27608 15%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 27608 (Raleigh, NC)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.