Raleigh 27606

Raleigh-Cary, NC · Wake County, NC · 455 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

41affordability /100

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

Payment burden
35.6%
stretched
Days on market
33
daily
Price cuts
28.1%
of active
Valuation
-24.2%
vs assessor
Look up an address
42
/100
Mixed
stable · balanced · prices easing year-over-year.
Price trend
35
Affordability
45
Valuation
50
Economic health
41

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

53/ 100SellerBalancedBuyer
Balanced Market
Needs 15.7% correction for affordability
DOM: 47d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)25
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)0
Days on Market (5%)60

Balanced market in 27606. List price is roughly fair — focus on condition and value. Payment burden: 35.7% of median income. Median days on market: 47. Renting is approximately 104% cheaper than buying (price-to-rent ratio: 24.5).

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

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers. Prices down 1.7% YoY.

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Market snapshoteach number, once

Median price
$444,511
▾ 1.7% YoY
Days on market
33
daily · zip_data
Median rent
$1,512
ZORI
Investor score
35/100
cash-flow lens
Active listings
114
90-day

Valuation3 lenses, different anchors

vs assessor
-24.2%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$337,000
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$250
Price-to-income5.9×

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How 27606 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity86%
Supply tightness75%
Affordability17%
Investment yield35%
Appreciation13%

Affordability, supply & momentum

38SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply16.8 mo
Days on Market33d
Inv vs History+19.9%
Listing Density6.1/1k
Affordability — payment burden
Monthly payment (P&I)$2,245
Payment burden35.6%
Median income · ZIP$75,640
Mortgage rate6.49% · 30yr
Total monthly own$2,690
Monthly rent$1,512
Market dynamics
Price cut %28.1%
Momentumstable
LeverageBALANCED
Months of supply16.8
Sales (90d)0
Investment analysis
Median rent$1,512
Price-to-rent24.5
Est. cap rate2.7%
Buy vs rentfavors renting

Livability

Walk score6
Transit score9
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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