ZIP 27617
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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
January. Asking rents in ZIP 27617 usually run 1.7% below trend in January and 1.3% above it in July, about $46 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 27617 is 4.1% below its high of $1,604 in March 2023, at $1,538 as of September 2026.
Rent in ZIP 27617 changed +1.0% 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 27617 rose 25.7% while median household income rose 27.3% ($86,404 to $110,034). Income kept ahead of rent.
Rent in ZIP 27617 is 22.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($110,034) is $2,751 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,520); a 4-bedroom is $3,360.
6th cheapest of 15 ZIP codes in Raleigh.
ZIP 27613, 4 miles away, rents for 11% less ($1,373/mo), about $2,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 27617. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 27617 in Raleigh, NC has changed in 5 years
Five years ago, renters in ZIP 27617 in Raleigh, NC paid around $1,295 a month. That figure now sits near $1,538, up 18.8% 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.
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Tips for renters in ZIP 27617
Last updated: October 17, 2026
ZIP code 27617 covers Raleigh, NC. The median rent here is $1,538/mo as of October 2026. A 1-bedroom rents for a median of $1,273/mo. A 2-bedroom rents for a median of $1,398/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 increased 1.0% over the past year.
Frequently asked questions
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How does ZIP 27617 compare to other ZIPs in North Carolina?
How does ZIP 27617 compare to the rest of Raleigh?
At $1,538/mo, rent takes ~17% of ZIP 27617's median household income ($110,034/yr). The standard benchmark is 30%.
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