Welcome to our 27614 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 27614 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: 27614
- 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): $596,515
- Average Home Price (Single Family Homes): $605,219
- Average Monthly Rental Price (All Types): $1,750
- Price-to-Rent Ratio: 28
- Zillow Projected % appreciation from 4/2023-4/2024: 1.9%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,570
- Average 3 Bedroom Section 8 Rental Rates: $1,930
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 31.66
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 25.76
- 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): 179.7
- Total % Appreciation since 2000 (Government Data): 96.12
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.09%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.88%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.2%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.02%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 77.56%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 55.68%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 91.5%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.72%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.48%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%