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ZIP Code · NC

ZIP 27616

Part of Raleigh, NC
Pop. 63,520·Wake County·142nd most expensive ZIP in North Carolina
Median rent (all units)
$1,578/mo
Year-over-Year
-2.6%
Month-over-Month
-4.0%
vs US Median
-$387
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 27616 · $1,578
More affordable than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,253
1 BR
$1,308
2 BR
$1,434
3 BR
$1,796
4 BR+
$2,403
Research median
$1,434/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
$18,936/yr
At $1,578/mo median
Location
StateNC
CountyWake County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.6% YoY, -4.0% MoM), not inventory.
Demographics

Who lives here

ZIP 27616 (Raleigh, NC) is majority owner-occupied, 44.5% of residents hold a bachelor's degree or higher.

Population
63,520
Median income
$83,565
Median age
34.6
Renters
44%
Age distribution
23.9%
26.6%
28.9%
12.3%
Under 1823.9%
18–3426.6%
35–5428.9%
55–6412.3%
65+8.3%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
32.9%
38.2%
18%
White32.9%
Black38.2%
Hispanic18%
Asian8.5%
Other2.4%
Education (25+)
19.8%
27.5%
44.5%
No HS diploma8.3%
HS diploma19.8%
Some college27.5%
Bachelor's+44.5%
Housing tenure
56%
44%
Owner56%
Renter44%

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

2021 vs 2026

How ZIP 27616 in Raleigh, NC has changed in 5 years

Rent
$1,315 → $1,578
up 20.0%
Income
$69,324 → $83,565
up 20.5%
Population
56,238 → 63,520
up 12.9%
Renter share
41% → 44%
+3.0 pts
Bachelor's+
45.5% → 44.5%
-1.0 pts
Median age
34 → 34.6
+0.6 yrs

Across the past five years, the going rent in ZIP 27616 in Raleigh, NC has shifted from $1,315 to $1,578, up 20.0% since 2021. Local incomes tracked alongside that move, going from a median of $69,324 in 2021 to $83,565 more recently. Census counts show ZIP 27616 in Raleigh, NC adding about 7,282 residents over the five-year window, up 12.9% on net. The renter share has risen from 41% to 44%, with owner-occupied housing accounting for the remainder. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 27616 in Raleigh, NC market of 2021.

Community

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Local insights

Tips for renters in ZIP 27616

About renting in ZIP 27616

Last updated: July 20, 2026

ZIP code 27616 covers Raleigh, NC. The median rent here is $1,578/mo as of July 2026. A 1-bedroom rents for a median of $1,308/mo. A 2-bedroom rents for a median of $1,434/mo.

At 23% of local median household income ($83,565/yr), ZIP 27616 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27616?

As of July 20, 2026, the median monthly rent in ZIP 27616 (Raleigh, NC) is $1,578. This is based on aggregated data from public sources and community submissions.

How does ZIP 27616 rent compare to the US average?

ZIP 27616's median rent of $1,578/mo is $387 (20%) below the US national median of $1,965/mo.

How does ZIP 27616 compare to other ZIPs in North Carolina?

ZIP 27616 falls in the middle range for North Carolina, ranking #142 out of 227 ZIPs at $1,578/mo.

How much income do you need to rent in ZIP 27616?

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 $1,578/mo in ZIP 27616. The local median household income is $83,565/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27616?

Rent in ZIP 27616 has decreased 2.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 27616 an affordable place to rent?

ZIP 27616 is considered very affordable for renters. At $1,578/mo, rent takes approximately 23% of the local median household income ($83,565/yr). The standard benchmark is 30%. ZIP 27616 falls comfortably within that range.

What percentage of ZIP 27616 residents rent vs. own?

According to Census data, approximately 44% of ZIP 27616 households are renters, while 56% are owner-occupied. ZIP 27616 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 27616 compare to the rest of Raleigh?

ZIP 27616 is more affordable than Raleigh overall. At $1,578/mo, it's $1 below the Raleigh citywide median of $1,579/mo.

When was rent data for ZIP 27616 last updated?

Rent data for ZIP 27616 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,578/mo, rent takes ~23% of ZIP 27616's median household income ($83,565/yr). The standard benchmark is 30%.

ZIP 27616 23%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27616 (Raleigh, NC)

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