Home values, rents and more in ZIP code 27616 (Northeast, Raleigh, NC)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 27616 in ProMap- Under $360k
- $360k–$410k
- $410k–$490k
- $490k–$570k
- $570k+
- No data
How 27616 compares
The typical home in ZIP code 27616 (Northeast, Raleigh, NC) is worth about $348,000, according to the Zillow Home Value Index for September 2026. Home values in 27616 are 19% below the typical value in the Raleigh metro area ($428,000) and 5% below the U.S. typical value ($366,000).
Over the past year, home values in 27616 fell 3.3%, compared with −1.7% in the Raleigh metro area and +1.2% nationally.
Typical rent is $1,658 a month (Zillow Observed Rent Index), about the same as the Raleigh metro area ($1,669) and 14% below the U.S. ($1,932). Rents rose 0.3% over the past year.
The median household income is $83,565, against $100,103 in the Raleigh metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 63,520 people live in 27616 (American Community Survey 2020–24).
27616 has the 14th-lowest typical home value of the 44 ZIP codes in the Raleigh metro area and the 224th-highest of 719 in North Carolina with Zillow figures.
Part of: Raleigh, NC · Wake County, NC · Raleigh metro area · North Carolina
More for 27616 in ProMap Plus
These measures are on the map for subscribers. Open ProMap to see them for 27616 and every other place.
- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.