Raleigh 27616

Raleigh-Cary, NC · Wake County, NC · 164 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

56affordability /100

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

Payment burden
26.7%
affordable
Days on market
35
daily
Price cuts
31.2%
of active
Valuation
-12.9%
vs assessor
Look up an address
52
/100
Mixed
cooling · balanced · prices easing year-over-year.
Price trend
7
Affordability
85
Valuation
70
Economic health
56

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

42/ 100SellerBalancedBuyer
Balanced Market
DOM: 66d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)25
Days on Market (5%)75

Balanced market in 27616. List price is roughly fair — focus on condition and value. Payment burden: 26.7% of median income. Median days on market: 66. Renting is approximately 52% cheaper than buying (price-to-rent ratio: 18.2).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
COOLINGBALANCED

Market is cooling with expanding inventory. Conditions are balanced between buyers and sellers. Prices down 3.5% YoY.

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Market snapshoteach number, once

Median price
$358,596
▾ 3.5% YoY
Days on market
35
daily · zip_data
Median rent
$1,643
ZORI
Investor score
51/100
cash-flow lens
Active listings
228
90-day

Valuation3 lenses, different anchors

vs assessor
-12.9%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$312,300
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$184
Price-to-income4.4×

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How 27616 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity85%
Supply tightness57%
Affordability49%
Investment yield60%
Appreciation5%

Affordability, supply & momentum

33SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply13.1 mo
Days on Market35d
Inv vs History+21.1%
Listing Density10.6/1k
Affordability — payment burden
Monthly payment (P&I)$1,811
Payment burden26.7%
Median income · ZIP$81,534
Mortgage rate6.49% · 30yr
Total monthly own$2,170
Monthly rent$1,643
Market dynamics
Price cut %31.2%
Momentumcooling
LeverageBALANCED
Months of supply13.1
Sales (90d)0
Investment analysis
Median rent$1,643
Price-to-rent18.2
Est. cap rate3.6%
Buy vs rentneutral

Livability

Walk score1
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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