Raleigh 27609

Raleigh-Cary, NC · Wake County, NC · 2,504 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

31affordability /100

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

Payment burden
41.9%
severe
Days on market
38
daily
Price cuts
31.1%
of active
Valuation
-51.3%
vs assessor
Look up an address
35
/100
Weak
warming · balanced · prices rising year-over-year.
Price trend
55
Affordability
25
Valuation
20
Economic health
31

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

64/ 100SellerBalancedBuyer
Negotiate Hard
Needs 28.4% correction for affordability
DOM: 67d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)90
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)75

Moderate buyer leverage in 27609. Room to negotiate 5-10% below list. Payment burden: 41.9% of median income. A 16% price correction needed to reach 30% affordability threshold. Median days on market: 67. Renting is approximately 159% cheaper than buying (price-to-rent ratio: 31.1).

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.
WARMINGBALANCED

Market is warming with rising prices. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$563,638
▴ 1.3% YoY
Days on market
38
daily · zip_data
Median rent
$1,511
ZORI
Investor score
35/100
cash-flow lens
Active listings
137
90-day

Valuation3 lenses, different anchors

vs assessor
-51.3%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$274,372
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+66.5%
County-wide market — the widest, slowest signal.
Wake+66.5%
Johnston+65.7%
Mecklenburg+79.8%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$130
Price-to-income6.9×

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How 27609 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity82%
Supply tightness56%
Affordability8%
Investment yield15%
Appreciation46%

Affordability, supply & momentum

36SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply17.6 mo
Days on Market38d
Inv vs History+10.6%
Listing Density8.3/1k
Affordability — payment burden
Monthly payment (P&I)$2,847
Payment burden41.9%
Median income · ZIP$81,538
Mortgage rate6.49% · 30yr
Total monthly own$3,411
Monthly rent$1,511
Market dynamics
Price cut %31.1%
Momentumwarming
LeverageBALANCED
Months of supply17.6
Sales (90d)0
Investment analysis
Median rent$1,511
Price-to-rent31.1
Est. cap rate2.1%
Buy vs rentfavors renting

Livability

Walk score7
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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