Raleigh 27612

Raleigh-Cary, NC · Wake County, NC · 372 properties · updated 7/5/2026

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
36.8%
severe
Days on market
32
daily
Price cuts
33.3%
of active
Valuation
-39.6%
vs assessor
Look up an address
39
/100
Weak
stable · balanced · prices rising year-over-year.
Price trend
55
Affordability
25
Valuation
35
Economic health
39

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

56/ 100SellerBalancedBuyer
Balanced Market
Needs 18.5% 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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Market snapshoteach number, once

Median price
$580,771
▴ 1.0% YoY
Days on market
32
daily · zip_data
Median rent
$1,488
ZORI
Investor score
33/100
cash-flow lens
Active listings
105
90-day

Valuation3 lenses, different anchors

vs assessor
-39.6%
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
+65.7%
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$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%
Appreciation40%

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-8.3%
Listing Density5.6/1k
Affordability — payment burden
Monthly payment (P&I)$2,934
Payment burden36.8%
Median income · ZIP$95,565
Mortgage rate6.49% · 30yr
Total monthly own$3,514
Monthly rent$1,488
Market dynamics
Price cut %33.3%
Momentumstable
LeverageBALANCED
Months of supply9.4
Sales (90d)0
Investment analysis
Median rent$1,488
Price-to-rent32.5
Est. cap rate2.0%
Buy vs rentfavors renting

Livability

Walk score2
Transit score4
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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