Raleigh 27607

Raleigh-Cary, NC · Wake County, NC · 384 properties · updated 7/5/2026

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
45.8%
severe
Days on market
32
daily
Price cuts
29.6%
of active
Valuation
-67.1%
vs assessor
Look up an address
29
/100
Weak
stable · balanced · prices rising year-over-year.
Price trend
55
Affordability
10
Valuation
20
Economic health
25

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

89/ 100SellerBalancedBuyer
Strong Buyer's Market
Needs 34.5% 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: 45.8% 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 43% 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.

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Market snapshoteach number, once

Median price
$719,311
▴ 0.1% YoY
Days on market
32
daily · zip_data
Median rent
$1,579
ZORI
Investor score
29/100
cash-flow lens
Active listings
74
90-day

Valuation3 lenses, different anchors

vs assessor
-67.1%
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
+65.7%
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$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%
Appreciation29%

Affordability, supply & momentum

36SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply16.8 mo
Days on Market32d
Inv vs History+22.2%
Listing Density8.3/1k
Affordability — payment burden
Monthly payment (P&I)$3,633
Payment burden45.8%
Median income · ZIP$95,216
Mortgage rate6.49% · 30yr
Total monthly own$4,353
Monthly rent$1,579
Market dynamics
Price cut %29.6%
Momentumstable
LeverageBALANCED
Months of supply16.8
Sales (90d)0
Investment analysis
Median rent$1,579
Price-to-rent38.0
Est. cap rate1.7%
Buy vs rentfavors renting

Livability

Walk score9
Transit score6
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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