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These days, finding an affordable place to live in the 27516 area can be challenging. Home prices in 27516 are now at a median cost of $595,017, higher than the North Carolina average of $323,314.
The average cost of rent is $1,886/mo in 27516, primarily driven by the current value of real estate in the 27516 area. In 27516, 30.68% of households rent, and 37.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 27516 is $9,819 per month. Households that rent pay about 19.21% of their income on rent here. 27516’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 27510, NC: less expensive homes
- 27599, NC: less expensive homes
- 27514, NC: equally priced homes
- 27517, NC: equally priced homes
- 27707, NC: less expensive homes
- 27713, NC: less expensive homes
- 27705, NC: less expensive homes
- 27708, NC: less expensive homes
- 27278, NC: less expensive homes
- 27701, NC: less expensive homes
Zip Codes with Similar Populations
- 85323, AZ: less expensive homes
- 95060, CA: higher priced homes
- 19145, PA: less expensive homes
- 21207, MD: less expensive homes
- 94546, CA: higher priced homes
- 27360, NC: less expensive homes
- 92705, CA: higher priced homes
- 28117, NC: equally priced homes
- 29501, SC: less expensive homes
- 30067, GA: less expensive homes
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