Zip lookup · NC

27617
Raleigh, North Carolina.

Raleigh, Wake County, NC · Raleigh-Cary, NC metro · population 20,237

What it costs per month · 27617 $2,257/mo

to buy the typical home at today's mortgage rate — +$1,116 (+98%) since Jan 2020.

What the home itself did
1 year
Down $14,046 -3%
$443,976$429,930 since Sep 2025
5 years
Up $48,667 +13%
$381,264$429,930 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 27617 $2,257 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 27617$2,257
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 29 years.

Typical home values in zip 27617 fell 3.2% over the past year — slower than the nation's +1.2%.

Asking rents in zip 27617 rose 0.6% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 27617 runs $1,433/mo more than renting one. The gap peaked at $1,701 in Oct 2023.

That is $2,971 a month against $1,538 rent: a $2,257 mortgage payment, plus $254 property tax and $460 insurance & upkeep.

Owning vs renting — zip 27617

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,000 $2,000 $3,000 2018 2019 2020 2021 2022 2023 2024 2025 2026 Owning all in $2,971 Renting $1,538 Mortgage only $2,257
$1,000 $2,000 $3,000 2018 2022 2026
  • Owning all in$2,971
  • Renting$1,538
  • Mortgage only$2,257

Property tax · $254/mo 0.71% of value a year — the ACS 2020-2024 median bill over the median home value for 2 counties

Insurance & upkeep · $460/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

This zip spans 2 counties: Wake County, NC 98% · Durham County, NC 2%

Zillow also publishes an index for the city itself: Raleigh, NC — measured over the city limits, which is a different area from this zip.

Asking rent $1,538 as of Sep 2026
+0.6%year on year
Typical home value $429,930 as of Sep 2026
-3.2%year on year

Asking rent — 27617

Against the Raleigh-Cary, NC metro and the national benchmark.

$1,200 $1,400 $1,600 $1,800 2018 2019 2020 2021 2022 2023 2024 2025 2026 27617 $1,538 Raleigh $1,669 United States $1,932
$1,200 $1,400 $1,600 $1,800 2018 2022 2026
  • 27617$1,538
  • Raleigh$1,669
  • United States$1,932

Typical home value — 27617

Mid-tier homes, smoothed and seasonally adjusted.

$250,000 $300,000 $350,000 $400,000 $450,000 2018 2020 2022 2024 2026 27617 $429,930 Raleigh $428,267 United States $366,157
$250,000 $300,000 $350,000 $400,000 $450,000 2018 2022 2026
  • 27617$429,930
  • Raleigh$428,267
  • United States$366,157

Within 20 miles

Showing 30 of 40 zips in range — sorting picks from all 40.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
3.6 27613 Raleigh 45,235 $1,373 $580,326
4.3 27703 Durham 63,458 $1,805 $376,573
4.5 27560 Morrisville 40,792 $1,662 $492,153
5.3 27709 Durham — $1,638 —
5.5 27612 Raleigh 41,952 $1,478 $563,928
6.4 27607 Raleigh 28,438 $1,594 $708,181
7.4 27513 Cary 46,979 $1,629 $552,294
7.7 27615 Raleigh 46,019 $1,501 $533,263
8.9 27614 Raleigh 34,226 $1,556 $670,503
9.0 27609 Raleigh 35,573 $1,381 $546,103
9.3 27713 Durham 59,197 $1,544 $409,919
9.4 27519 Cary 69,836 $1,899 $690,357
9.5 27701 Durham 24,793 $1,671 $411,478
9.7 27608 Raleigh 12,604 $2,009 $1,036,437
9.8 27704 Durham 40,102 $1,741 $301,355
10.0 27511 Cary 33,221 $1,915 $491,833
10.4 27605 Raleigh 6,286 $1,816 $390,666
10.7 27707 Durham 51,274 $1,458 $398,492
11.9 27606 Raleigh 45,444 $1,478 $430,708
12.0 27601 Raleigh 9,905 $1,706 $493,622
12.3 27518 Cary 19,735 $1,608 $727,159
13.1 27604 Raleigh 44,514 $1,576 $335,946
13.4 27616 Raleigh 63,520 $1,658 $348,330
13.5 27587 Wake Forest 82,886 $1,795 $504,797
13.9 27523 Apex 20,269 $1,878 $727,135
14.2 27705 Durham 49,923 $1,536 $458,743
14.7 27522 Creedmoor 13,083 $1,700 $335,454
14.9 27502 Apex 48,530 $2,082 $559,568
15.0 27712 Durham 24,299 $2,262 $414,902
15.2 27517 Chapel Hill 29,564 $1,669 $662,322

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.