Raleigh 27604

Raleigh-Cary, NC · Wake County, NC · 208 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

53affordability /100

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

Payment burden
28.8%
stretched
Days on market
38
daily
Price cuts
34.5%
of active
Valuation
-14.8%
vs assessor
Look up an address
54
/100
Mixed
cooling · balanced · prices easing year-over-year.
Price trend
35
Affordability
65
Valuation
70
Economic health
53

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

44/ 100SellerBalancedBuyer
Balanced Market
DOM: 56d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)50
Days on Market (5%)60

Balanced market in 27604. List price is roughly fair — focus on condition and value. Payment burden: 28.8% of median income. Median days on market: 56. Renting is approximately 47% cheaper than buying (price-to-rent ratio: 17.7).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
COOLINGBALANCED

Market is cooling with expanding inventory. Conditions are balanced between buyers and sellers. Prices down 2.9% YoY.

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Market snapshoteach number, once

Median price
$346,027
▾ 2.9% YoY
Days on market
38
daily · zip_data
Median rent
$1,628
ZORI
Investor score
54/100
cash-flow lens
Active listings
164
90-day

Valuation3 lenses, different anchors

vs assessor
-14.8%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$294,900
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%
Wake+66.5%
Mecklenburg+79.8%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$201
Price-to-income4.8×

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How 27604 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity82%
Supply tightness65%
Affordability37%
Investment yield63%
Appreciation7%

Affordability, supply & momentum

36SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply14.5 mo
Days on Market38d
Inv vs History+10.5%
Listing Density9.0/1k
Affordability — payment burden
Monthly payment (P&I)$1,748
Payment burden28.8%
Median income · ZIP$72,793
Mortgage rate6.49% · 30yr
Total monthly own$2,094
Monthly rent$1,628
Market dynamics
Price cut %34.5%
Momentumcooling
LeverageBALANCED
Months of supply14.5
Sales (90d)0
Investment analysis
Median rent$1,628
Price-to-rent17.7
Est. cap rate3.7%
Buy vs rentneutral

Livability

Walk score3
Transit score1
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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