Raleigh 27615

Raleigh-Cary, NC · Wake County, NC · 681 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

48affordability /100

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

Payment burden
31.2%
stretched
Days on market
19
daily
Price cuts
33.1%
of active
Valuation
-52.7%
vs assessor
Look up an address
50
/100
Mixed
stable · balanced · prices rising year-over-year.
Price trend
55
Affordability
65
Valuation
20
Economic health
48

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
DOM: 38d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)40
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)40

Balanced market in 27615. List price is roughly fair — focus on condition and value. Payment burden: 31.3% of median income. Median days on market: 38. Renting is approximately 157% cheaper than buying (price-to-rent ratio: 30.9).

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
$551,890
▴ 0.3% YoY
Days on market
19
daily · zip_data
Median rent
$1,489
ZORI
Investor score
33/100
cash-flow lens
Active listings
148
90-day

Valuation3 lenses, different anchors

vs assessor
-52.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$260,990
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$241
Price-to-income5.2×

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How 27615 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity96%
Supply tightness89%
Affordability25%
Investment yield15%
Appreciation31%

Affordability, supply & momentum

45SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply9.6 mo
Days on Market19d
Inv vs History+34.0%
Listing Density7.7/1k
Affordability — payment burden
Monthly payment (P&I)$2,788
Payment burden31.2%
Median income · ZIP$107,051
Mortgage rate6.49% · 30yr
Total monthly own$3,340
Monthly rent$1,489
Market dynamics
Price cut %33.1%
Momentumstable
LeverageBALANCED
Months of supply9.6
Sales (90d)0
Investment analysis
Median rent$1,489
Price-to-rent30.9
Est. cap rate2.1%
Buy vs rentfavors renting

Livability

Walk score2
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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