ZIP Code · NC

ZIP 27614

Part of Raleigh, NC

Pop. 34,226·Wake County·149th most expensive ZIP in North Carolina

Median rent (all units)

$1,556/mo

Year-over-Year

+0.4%

Month-over-Month

+0.3%

vs US Median

-$376

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 27614 · $1,556

More affordable than 69% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,231

1 BR

$1,292

2 BR

$1,414

3 BR

$1,771

4 BR+

$2,371

Research median

$1,414/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

March. Asking rents in ZIP 27614 usually run 1.1% below trend in March and 1.4% above it in July, about $39 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 27614 is 0.3% below its high of $1,561 in November 2025, at $1,556 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 27614 changed +0.4% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($128,834) is $3,221 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,120).

Rank in Raleigh

7th cheapest of 15 ZIP codes in Raleigh.

Cheaper nearby

ZIP 27613, 5 miles away, rents for 12% less ($1,373/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 27614. 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

$18,672/yr

At $1,556/mo median

Location

CityRaleigh

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 (+0.4% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 27614 (Raleigh, NC) is majority owner-occupied, has a median income above the national average, 64.2% of residents hold a bachelor's degree or higher.

Population

34,226

Median income

$128,834

Median age

43.6

Renters

29%

Age distribution

24%

14.4%

31%

13.5%

17%

Under 1824%

18–3414.4%

35–5431%

55–6413.5%

65+17%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

73.5%

12.5%

White73.5%

Black12.5%

Hispanic7.2%

Asian3.4%

Other3.4%

Education (25+)

21.2%

64.2%

No HS diploma5.3%

HS diploma9.3%

Some college21.2%

Bachelor's+64.2%

Housing tenure

71%

29%

Owner71%

Renter29%

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

2022 vs 2026

How ZIP 27614 in Raleigh, NC has changed in 5 years

Rent

$1,474 → $1,556

up 5.6%

Income

$119,151 → $128,834

up 8.1%

Population

32,371 → 34,226

up 5.7%

Renter share

27.8% → 29%

+1.2 pts

Bachelor's+

60.4% → 64.2%

+3.8 pts

Rent in ZIP 27614 in Raleigh, NC has climbed 5.6% since 2022, going from about $1,474 per month to roughly $1,556 today. Local incomes tracked alongside that move, going from a median of $119,151 in 2021 to $128,834 more recently. Headcount in the area went from 32,371 to 34,226 between 2021 and 2024, a 5.7% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60.4% to 64.2%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 27614 in Raleigh, NC market of 2022.

Community

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Local insights

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About renting in ZIP 27614

Last updated: October 17, 2026

ZIP code 27614 covers Raleigh, NC. The median rent here is $1,556/mo as of October 2026. A 1-bedroom rents for a median of $1,292/mo. A 2-bedroom rents for a median of $1,414/mo.

At 14% of local median household income ($128,834/yr), ZIP 27614 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27614?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,556/mo in ZIP 27614. The local median household income is $128,834/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27614?

Rent in ZIP 27614 has been roughly flat over the past year as of September 2026, a +0.4% change. It sits 0.3% below its high of $1,561 in November 2025.

When is the cheapest time to rent in ZIP 27614?

Asking rents in ZIP 27614 are usually lowest in March, about 1.1% below their yearly trend, and highest in July, about 1.4% above it. At today's median that is a gap of roughly $39 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 27614 compare to other ZIPs in North Carolina?

ZIP 27614 is in the middle among North Carolina ZIP codes for rent, ranking #149 of 230 at $1,556/mo. Over the year to September 2026, rent in ZIP 27614 changed +0.4%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.