Cary 27518

Raleigh-Cary, NC · Wake County, NC · 650 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

39affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
37.3%
severe
Days on market
8
daily
Price cuts
24.4%
of active
Valuation
-65.7%
vs assessor
Look up an address
38
/100
Weak
stable · seller slight · prices rising year-over-year.
Price trend
62
Affordability
25
Valuation
20
Economic health
39

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

79/ 100SellerBalancedBuyer
Negotiate Hard
Needs 19.6% correction for affordability
DOM: 52d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)75
Valuation Gap (25%)100
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Moderate buyer leverage in 27518. Room to negotiate 5-10% below list. Payment burden: 37.3% of median income. A 6% price correction needed to reach 30% affordability threshold. Median days on market: 52. Renting is approximately 233% cheaper than buying (price-to-rent ratio: 40.0). Market appears 65% overpriced vs. assessed values.

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge.

Address lookup$99 report path

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Market snapshoteach number, once

Median price
$746,193
▴ 0.5% YoY
Days on market
8
daily · zip_data
Median rent
$1,554
ZORI
Investor score
29/100
cash-flow lens
Active listings
37
90-day

Valuation3 lenses, different anchors

vs assessor
-65.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$256,050
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+65.7%
County-wide market — the widest, slowest signal.
Johnston+65.7%
Mecklenburg+79.8%
Wake+66.5%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$248
Price-to-income6.2×

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How 27518 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity98%
Supply tightness86%
Affordability15%
Investment yield5%
Appreciation34%

Affordability, supply & momentum

58SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply8.2 mo
Days on Market8d
Inv vs History+7.2%
Listing Density4.6/1k
Affordability — payment burden
Monthly payment (P&I)$3,769
Payment burden37.3%
Median income · ZIP$121,242
Mortgage rate6.49% · 30yr
Total monthly own$4,515
Monthly rent$1,554
Market dynamics
Price cut %24.4%
Momentumstable
LeverageSELLER SLIGHT
Months of supply8.2
Sales (90d)0
Investment analysis
Median rent$1,554
Price-to-rent40.0
Est. cap rate1.6%
Buy vs rentfavors renting

Livability

Walk score6
Transit score
Bike score

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Wake County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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