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ZIP Code · NC

ZIP 27609

Part of Raleigh, NC
Pop. 35,573·Wake County·156th most expensive ZIP in North Carolina
Median rent (all units)
$1,529/mo
Year-over-Year
-3.6%
Month-over-Month
+1.2%
vs US Median
-$436
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 27609 · $1,529
More affordable than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,214
1 BR
$1,267
2 BR
$1,389
3 BR
$1,740
4 BR+
$2,328
Research median
$1,389/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
$18,348/yr
At $1,529/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 (-3.6% YoY, +1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 27609 (Raleigh, NC) is roughly split between renters and owners, 63.4% of residents hold a bachelor's degree or higher.

Population
35,573
Median income
$83,065
Median age
37.7
Renters
50.2%
Age distribution
18.5%
27%
25.2%
17.3%
Under 1818.5%
18–3427%
35–5425.2%
55–6412%
65+17.3%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
67.3%
15%
13.4%
White67.3%
Black15%
Hispanic13.4%
Asian1.4%
Other3%
Education (25+)
18.3%
63.4%
No HS diploma7.5%
HS diploma10.8%
Some college18.3%
Bachelor's+63.4%
Housing tenure
49.8%
50.2%
Owner49.8%
Renter50.2%

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

2021 vs 2026

How ZIP 27609 in Raleigh, NC has changed in 5 years

Rent
$1,272 → $1,529
up 20.2%
Income
$73,979 → $83,065
up 12.3%
Population
35,377 → 35,573
up 0.6%
Renter share
47.6% → 50.2%
+2.6 pts
Bachelor's+
56.7% → 63.4%
+6.7 pts

Rent in ZIP 27609 in Raleigh, NC has increased 20.2% since 2021, going from about $1,272 per month to roughly $1,529 today. Median household income grew from $73,979 to $83,065 between 2021 and 2024, a 12.3% shift. Rent outpaced income growth by roughly 7.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 50.2% of households rent today, against 47.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 56.7% to 63.4%. Taken together, the five-year picture in ZIP 27609 in Raleigh, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 27609

Last updated: July 20, 2026

ZIP code 27609 covers Raleigh, NC. The median rent here is $1,529/mo as of July 2026. A 1-bedroom rents for a median of $1,267/mo. A 2-bedroom rents for a median of $1,389/mo.

At 22% of local median household income ($83,065/yr), ZIP 27609 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27609?

As of July 20, 2026, the median monthly rent in ZIP 27609 (Raleigh, NC) is $1,529. This is based on aggregated data from public sources and community submissions.

How does ZIP 27609 rent compare to the US average?

ZIP 27609's median rent of $1,529/mo is $436 (22%) below the US national median of $1,965/mo.

How does ZIP 27609 compare to other ZIPs in North Carolina?

ZIP 27609 is among the more affordable ZIP codes in North Carolina, ranking #156 out of 227 ZIPs at $1,529/mo.

How much income do you need to rent in ZIP 27609?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,529/mo in ZIP 27609. The local median household income is $83,065/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27609?

Rent in ZIP 27609 has decreased 3.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 27609 an affordable place to rent?

ZIP 27609 is considered very affordable for renters. At $1,529/mo, rent takes approximately 22% of the local median household income ($83,065/yr). The standard benchmark is 30%. ZIP 27609 falls comfortably within that range.

What percentage of ZIP 27609 residents rent vs. own?

According to Census data, approximately 50.2% of ZIP 27609 households are renters, while 49.8% are owner-occupied. With a majority renter population, ZIP 27609 has a strong rental market.

How does ZIP 27609 compare to the rest of Raleigh?

ZIP 27609 is more affordable than Raleigh overall. At $1,529/mo, it's $50 below the Raleigh citywide median of $1,579/mo.

When was rent data for ZIP 27609 last updated?

Rent data for ZIP 27609 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,529/mo, rent takes ~22% of ZIP 27609's median household income ($83,065/yr). The standard benchmark is 30%.

ZIP 27609 22%Benchmark 30%
State income tax4.5%
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