Raleigh 27612

Raleigh-Cary, NC · Wake County, NC · 372 properties · updated 7/26/2026

Should you buy here?buyer-timing lens

39affordability /100

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

Payment burden

37.6%

severe

Days on market

daily

Price cuts

33.6%

of active

Valuation

-39.5%

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

Balanced Market

Needs 20.2% correction for affordability

DOM: 48d (stable) · Market Dynamics rolling median · hourly

Score Components

Payment Burden (25%)75

Valuation Gap (25%)10

Supply & Demand (20%)85

Buy vs Rent (15%)100

Cancellation Rate (10%)0

Days on Market (5%)60

Balanced market in 27612. List price is roughly fair — focus on condition and value. Payment burden: 36.9% of median income. A 5% price correction needed to reach 30% affordability threshold. Median days on market: 48. Renting is approximately 171% cheaper than buying (price-to-rent ratio: 32.5).

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.

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<iframe src="https://lotvox.com/embed/zip/27612" width="100%" height="300" style="border:0;border-radius:12px;overflow:hidden;max-width:640px" loading="lazy" title="Raleigh 27612 — Lotvox market card"></iframe>
<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/raleigh/zip/27612?utm_source=embed&utm_medium=backlink">Raleigh 27612 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$579,851

▴ 1.1% YoY

Days on market

daily · zip_data

Median rent

$1,461

ZORI

Investor score

33/100

cash-flow lens

Active listings

105

90-day

Valuation3 lenses, different anchors

vs assessor

-39.5%

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

Avg assessor$350,805

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$509

Price-to-income6.1×

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How 27612 ranks in NC

percentile vs all North Carolina ZIPs · n=834

Market velocity87%

Supply tightness84%

Affordability15%

Investment yield12%

Appreciation45%

Affordability, supply & momentum

51SUPPLY

Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply9.4 mo

Days on Market32d

Inv vs History-9.4%

Listing Density5.6/1k

Affordability — payment burden

Monthly payment (P&I)$2,996

Payment burden37.6%

Median income · ZIP$95,565

Mortgage rate6.71% · 30yr

Total monthly own$3,576

Monthly rent$1,461

Market dynamics

Price cut %33.6%

Momentumstable

LeverageBALANCED

Months of supply9.4

Sales (90d)0

Investment analysis

Median rent$1,461

Price-to-rent32.5

Est. cap rate2.0%

Buy vs rentfavors renting

Livability

Walk score2

Transit score4

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 +9.4% YoY in this ZIP, but the under-$500k tier is +2.0% — both the aggregate and the entry tier are rising. Over the same year the under-$500k share of sales moved from 44.3% to 33.8% (-10.5pp) and the $1M+ share from 12.2% to 12.1% (-0.1pp).

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	$390k	$222	164	32.0%	ZIP
$500k–$750k	$618k	$269	204	39.8%	ZIP
$750k–$1M	$835k	$262	73	14.3%	ZIP
$1M–$1.5M	$1.23M	$311	41	8.0%	ZIP
$1.5M–$2M	$1.70M	$392	14	2.7%	ZIP
$2M+	$2.43M	$470	156	—	COUNTY · Wake, NC
All sales (the headline median)	$602k	$258	512	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.

Under $250k
$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 27612.

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 (87.2%), Mecklenburg (9.6%) and Wake (3.2%). County metrics below are shown separately for each county.

Johnston (87.2%)

Mecklenburg (9.6%)

Wake (3.2%)

ZIP 27612→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