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Affordable
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These days, finding an affordable place to live in the 27616 area can be challenging. Home prices in 27616 are now at a median cost of $348,040, higher than the North Carolina average of $323,314.
The average cost of rent is $1,709/mo in 27616, primarily driven by the current value of real estate in the 27616 area. In 27616, 44.98% of households rent, and 22.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 27616 is $7,504 per month. Households that rent pay about 22.78% of their income on rent here. 27616’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 27604, NC: equally priced homes
- 27609, NC: higher priced homes
- 27615, NC: higher priced homes
- 27614, NC: higher priced homes
- 27571, NC: higher priced homes
- 27545, NC: equally priced homes
- 27587, NC: higher priced homes
- 27608, NC: higher priced homes
- 27610, NC: less expensive homes
- 27605, NC: higher priced homes
Zip Codes with Similar Populations
- 97045, OR: higher priced homes
- 07302, NJ: higher priced homes
- 07306, NJ: higher priced homes
- 78852, TX: less expensive homes
- 45040, OH: higher priced homes
- 78228, TX: less expensive homes
- 77469, TX: equally priced homes
- 77072, TX: less expensive homes
- 77015, TX: less expensive homes
- 73013, OK: equally priced homes
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