ZIP 27609
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
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
December. Asking rents in ZIP 27609 usually run 1.3% below trend in December and 1.3% above it in August, about $36 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 27609 is 2.6% below its high of $1,418 in September 2023, at $1,381 as of September 2026.
Rent in ZIP 27609 changed +2.1% 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 27609 rose 31.9% while median household income rose 32.8% ($62,536 to $83,065). Income kept ahead of rent.
Rent in ZIP 27609 is 28.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($83,065) is $2,077 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,820); a 3-bedroom is $2,280.
2nd cheapest of 15 ZIP codes in Raleigh.
From Zillow's monthly rent index (ZORI) for ZIP 27609. 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 27609 (Raleigh, NC) is roughly split between renters and owners, 63.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 27609 in Raleigh, NC has changed in 5 years
Rent in ZIP 27609 in Raleigh, NC has increased 21.2% since 2021, going from about $1,139 per month to roughly $1,381 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 8.9 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.
Discussions about ZIP 27609
No discussions yet. Start the conversation.
Tips for renters in ZIP 27609
Last updated: October 17, 2026
ZIP code 27609 covers Raleigh, NC. The median rent here is $1,381/mo as of October 2026. A 1-bedroom rents for a median of $1,145/mo. A 2-bedroom rents for a median of $1,255/mo.
At 20% of local median household income ($83,065/yr), ZIP 27609 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 27609?
Is rent going up or down in ZIP 27609?
When is the cheapest time to rent in ZIP 27609?
Has rent outpaced income in ZIP 27609?
How does ZIP 27609 compare to other ZIPs in North Carolina?
How does ZIP 27609 compare to the rest of Raleigh?
At $1,381/mo, rent takes ~20% of ZIP 27609's median household income ($83,065/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.