Raleigh 27607

Raleigh-Cary, NC · Wake County, NC · 384 properties · updated 7/26/2026

Should you buy here?buyer-timing lens

25affordability /100

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

Payment burden

47%

severe

Days on market

daily

Price cuts

33.0%

of active

Valuation

-67.2%

vs assessor

Look up an address

/100

Weak

stable · balanced · prices rising year-over-year.

Price trend

Affordability

Valuation

Economic health

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

Strong Buyer's Market

Needs 36.2% correction for affordability

DOM: 69d (falling) · Market Dynamics rolling median · hourly

Score Components

Payment Burden (25%)100

Valuation Gap (25%)100

Supply & Demand (20%)100

Buy vs Rent (15%)100

Cancellation Rate (10%)0

Days on Market (5%)75

Strong buyer leverage in 27607. If you must buy now, offer 10-15% below list price. Payment burden: 46.2% of median income. A 24% price correction needed to reach 30% affordability threshold. Median days on market: 69. Renting is approximately 217% cheaper than buying (price-to-rent ratio: 38.0). Market appears 44% overpriced vs. assessed values.

What to Offer

Offer 10-15% below list price. Sellers are under pressure.

Conditions most similar to late 2007 — overvaluation without corresponding income growth. Significant correction potential.

STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.

Address lookup$99 report path

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<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/raleigh/zip/27607?utm_source=embed&utm_medium=backlink">Raleigh 27607 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$721,885

▴ 0.5% YoY

Days on market

daily · zip_data

Median rent

$1,592

ZORI

Investor score

29/100

cash-flow lens

Active listings

90-day

Valuation3 lenses, different anchors

vs assessor

-67.2%

Market vs assessed value — a tax-roll lag, not a deal signal.

Avg assessor$236,480

county CAMA · properties_v

vs income

—

Fair-value model not available for this market.

fair_value_scores · 10-state coverage

vs county comps

+65.1%

County-wide market — the widest, slowest signal.

Johnston+65.1%

Mecklenburg+79.0%

Wake+65.6%

Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.

Pricing detail

Price / sqft$512

Price-to-income7.5×

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How 27607 ranks in NC

percentile vs all North Carolina ZIPs · n=834

Market velocity87%

Supply tightness56%

Affordability5%

Investment yield6%

Appreciation36%

Affordability, supply & momentum

37SUPPLY

BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply16.8 mo

Days on Market32d

Inv vs History+20.2%

Listing Density8.3/1k

Affordability — payment burden

Monthly payment (P&I)$3,730

Payment burden47%

Median income · ZIP$95,216

Mortgage rate6.71% · 30yr

Total monthly own$4,452

Monthly rent$1,592

Market dynamics

Price cut %33.0%

Momentumstable

LeverageBALANCED

Months of supply16.8

Sales (90d)0

Investment analysis

Median rent$1,592

Price-to-rent38.0

Est. cap rate1.7%

Buy vs rentfavors renting

Livability

Walk score9

Transit score6

Bike score—

Historical trends

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Price bandsmix-shift

Price Bands — the median behind the median

A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from recorded arms-length deed transactions in Wake.

Aggregate median -2.4% YoY in this ZIP, but the under-$500k tier is -16.4% — the aggregate and the entry tier are moving together. Over the same year the under-$500k share of sales moved from 22.0% to 22.3% (+0.4pp) and the $1M+ share from 34.8% to 30.6% (-4.2pp).

Current tiers · 12 months to Aug 25floor 10 sales/tier

2 tiers had too few sales in this ZIP and are shown at county or metro level — see the stamp on each row.

Tier	Median	$/sqft	Sales	Share	Source
Under $250k	$210k	$159	460	—	COUNTY · Wake, NC
$250k–$500k	$378k	$248	39	18.9%	ZIP
$500k–$750k	$584k	$300	61	29.6%	ZIP
$750k–$1M	$875k	$349	36	17.5%	ZIP
$1M–$1.5M	$1.30M	$414	36	17.5%	ZIP
$1.5M–$2M	$1.74M	$436	19	9.2%	ZIP
$2M+	$2.43M	$470	156	—	COUNTY · Wake, NC
All sales (the headline median)	$720k	$330	206	100%	ZIP

Share of sales by tier (quarterly)

If the upper tiers widen over time, the headline median rises on composition alone.

Under $250k
$250k–$500k
$500k–$750k
$750k–$1M
$1M–$1.5M
$1.5M–$2M
$2M+

Median within each tier, against the headline median (quarterly)

The blue line is the single number NAR-style reporting quotes. The gold lines are what each tier actually did. Log scale — the tiers span an order of magnitude, and on a log axis equal slopes mean equal percentage moves, which is the comparison being made.

$250k–$500k
$500k–$750k
$750k–$1M
$1M–$1.5M
All sales (headline)

National context — not local

NAR's aggregate existing-home median for the United States and the South census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 27607.

United States
South

Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.

Tiers computed from Lotvox parcel and deed substrate through Aug 25 (10 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.

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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.

This ZIP code crosses county lines. Property data shows Johnston (83.2%), Mecklenburg (13.6%) and Wake (2.9%). County metrics below are shown separately for each county.

Johnston (83.2%)

Mecklenburg (13.6%)

Wake (2.9%)

ZIP 27607→3 counties

12-Month Direction

+4Stable

Confidence

100%

DeterioratingStableImproving

BuildersLens Market Intelligence

Market Score

40· Weak

Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.

Payment Burden56

26.7%

affordable

Source: Lotvox · Updated 2026-05-15

Buy vs Rent44

1.347x

rent advantage

Source: Lotvox · Updated 2026-05-15

Valuation14

+65.1%

overvalued

Source: Lotvox comps · Updated 2026-05-15

Supply/Demand15

3.7 mo

balanced

Source: Lotvox MLS · Updated 2026-05-15

Insurance Risk

45/100

moderate

Source: FEMA/NFIP · Updated 2026-04

County distress indicators

ECONOMIC INDICATORS

Economic indicators remain stronger than national averages.

Unemployment Rate

Lower than most U.S. counties

Source: BLS LAUS · 2026-0667d ago

Poverty Rate

Near national averages

Median Household Income

Higher than most U.S. counties

Cost of Living (RPP)

Lower than most U.S. counties

Home Value (ZHVI)$344,953

County data: BLS, Census ACS, CDC, FBI UCR, Federal Reserve, USDA · Coverage derived from property records · Counties with <2% coverage excluded as likely data errors