Welcome to our 27603 real estate data hub, tailored for investors in Raleigh, NC. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 27603 in Raleigh, NC. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WAKE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Raleigh, NC real estate investing. Uncover the wealth of information available, and position yourself for success in the Raleigh property market.
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Location Overview
- Zip Code: 27603
- City: Raleigh
- State: NC
- Metro Area: Raleigh-Cary, NC
- County Name: WAKE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $392,466
- Average Home Price (Single Family Homes): $393,209
- Average Monthly Rental Price (All Types): $1,753
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: 1.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,270
- Average 3 Bedroom Section 8 Rental Rates: $1,560
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 25.75
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 20.97
- Number of Units Offered in Section 8 in the County: 2423
- Number of Occupied Units in Section 8 in the County: 2301
- Percentage of Section 8 Units Occupied in the County: 95%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 231.96
- Total % Appreciation since 2000 (Government Data): 133.63
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.92%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.79%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.92%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 63.65%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 127.71%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 107.8%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 145.42%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.52%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.85%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 29.1%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 42.42%