RentDataNowRentDataNow
ZIP Code · NC

ZIP 27617

Part of Raleigh, NC
Pop. 20,237·Wake County·157th most expensive ZIP in North Carolina
Median rent (all units)
$1,527/mo
Year-over-Year
-0.5%
Month-over-Month
+0.6%
vs US Median
-$438
Rising (Monthly)
Be the first to discuss 27617 rents ↓
Most AffordableMost Expensive
ZIP 27617 · $1,527
More affordable than 72% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,209
1 BR
$1,264
2 BR
$1,388
3 BR
$1,741
4 BR+
$2,321
Research median
$1,388/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$18,324/yr
At $1,527/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 (-0.5% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 27617 (Raleigh, NC) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 62.1% of residents hold a bachelor's degree or higher.

Population
20,237
Median income
$110,034
Median age
36.8
Renters
57.2%
Age distribution
16.1%
31.3%
29.1%
13.4%
Under 1816.1%
18–3431.3%
35–5429.1%
55–6413.4%
65+10.2%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
58.2%
23.9%
White58.2%
Black23.9%
Hispanic7.6%
Asian8.8%
Other1.5%
Education (25+)
24.3%
62.1%
No HS diploma1.9%
HS diploma11.6%
Some college24.3%
Bachelor's+62.1%
Housing tenure
42.8%
57.2%
Owner42.8%
Renter57.2%

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

2021 vs 2026

How ZIP 27617 in Raleigh, NC has changed in 5 years

Rent
$1,266 → $1,527
up 20.6%
Income
$96,081 → $110,034
up 14.5%
Population
19,661 → 20,237
up 2.9%
Renter share
56.6% → 57.2%
+0.6 pts
Bachelor's+
65.9% → 62.1%
-3.8 pts

Five years ago, renters in ZIP 27617 in Raleigh, NC paid around $1,266 a month. That figure now sits near $1,527, up 20.6% from the 2021 baseline. Household income in the area moved from $96,081 to $110,034 across the same window, up 14.5% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 27617 in Raleigh, NC adding about 576 residents over the five-year window, up 2.9% on net. Bachelor's-degree-or-higher attainment moved from 65.9% to 62.1% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 27617 in Raleigh, NC look reasonable against where the market sat half a decade ago.

Community

Discussions about ZIP 27617

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 27617

About renting in ZIP 27617

Last updated: July 20, 2026

ZIP code 27617 covers Raleigh, NC. The median rent here is $1,527/mo as of July 2026. A 1-bedroom rents for a median of $1,264/mo. A 2-bedroom rents for a median of $1,388/mo.

At 17% of local median household income ($110,034/yr), ZIP 27617 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27617?

As of July 20, 2026, the median monthly rent in ZIP 27617 (Raleigh, NC) is $1,527. This is based on aggregated data from public sources and community submissions.

How does ZIP 27617 rent compare to the US average?

ZIP 27617's median rent of $1,527/mo is $438 (22%) below the US national median of $1,965/mo.

How does ZIP 27617 compare to other ZIPs in North Carolina?

ZIP 27617 is among the more affordable ZIP codes in North Carolina, ranking #157 out of 227 ZIPs at $1,527/mo.

How much income do you need to rent in ZIP 27617?

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 $1,527/mo in ZIP 27617. The local median household income is $110,034/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27617?

Rent in ZIP 27617 has been relatively stable over the past year, with a 0.5% change year over year as of July 20, 2026.

Is ZIP 27617 an affordable place to rent?

ZIP 27617 is considered very affordable for renters. At $1,527/mo, rent takes approximately 17% of the local median household income ($110,034/yr). The standard benchmark is 30%. ZIP 27617 falls comfortably within that range.

What percentage of ZIP 27617 residents rent vs. own?

According to Census data, approximately 57.2% of ZIP 27617 households are renters, while 42.8% are owner-occupied. With a majority renter population, ZIP 27617 has a strong rental market.

How does ZIP 27617 compare to the rest of Raleigh?

ZIP 27617 is more affordable than Raleigh overall. At $1,527/mo, it's $52 below the Raleigh citywide median of $1,579/mo.

When was rent data for ZIP 27617 last updated?

Rent data for ZIP 27617 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
17%
VERY AFFORDABLE

At $1,527/mo, rent takes ~17% of ZIP 27617's median household income ($110,034/yr). The standard benchmark is 30%.

ZIP 27617 17%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 27617 (Raleigh, NC)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.