ZIP Code 27616 — Raleigh, NC Home Prices (2026)

The typical home in ZIP 27616 (Raleigh, North Carolina) is worth about $356,000 at roughly $189 per square foot — 30% more affordable than the Raleigh median and 21% more expensive than the typical U.S. home.

$356,000

Typical home value

$189

Price per sq ft

#13 of 15

Raleigh ZIPs by value

-30%

vs Raleigh median

How 27616 compares

ZIP 27616 is one of the more affordable ZIP codes in Raleigh: its typical home value of $356,000 ranks #13 of the 15 Raleigh ZIP codes we track (the citywide range runs from $318,000 in 27610 to $1,048,000 in 27608). Per square foot it costs about $189, against $242 for Raleigh as a whole, $202 for North Carolina, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 27616	$356,000	$189
Raleigh, NC	$505,000	$242
North Carolina	$290,000	$202
United States	$294,000	$195

Home value by size in 27616

Using this ZIP’s rate of about $189 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$189,000
1,500 sq ft	$283,500
2,000 sq ft	$378,000
2,500 sq ft	$472,500
3,000 sq ft	$567,000

Salary needed to buy a home in ZIP 27616

To buy the typical $356,000 home in ZIP 27616 with 20% down, you need a household income of roughly $97,000 a year (about $2,260 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $115,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$17,800	$2,810/mo	$120,000/yr
10% (+PMI)	$35,600	$2,690/mo	$115,000/yr
20%	$71,200	$2,260/mo	$97,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 27616

At about $189 per square foot, here is roughly how much home different budgets get you in ZIP 27616:

Budget	Approx. size	What that looks like locally
$200k	1060 sq ft	below the local median — condos, smaller or older homes
$250k	1320 sq ft	below the local median — condos, smaller or older homes
$300k	1590 sq ft	around the typical home here
$400k	2120 sq ft	around the typical home here
$500k	2650 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 27616 home.

Estimate a specific home in 27616

The estimator below is pre-set to ZIP 27616 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Raleigh ZIP codes by home value

Where 27616 sits among Raleigh’s 15 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	27608	$1,048,000	$455
2	27607	$722,000	$441
3	27614	$689,000	$229
4	27613	$599,000	$247
5	27612	$580,000	$263
6	27609	$563,000	$338
7	27615	$550,000	$242
8	27601	$505,000	$409
9	27606	$442,000	$233
10	27617	$440,000	$214
11	27603	$417,000	$231
12	27605	$406,000	$384
13	27616 (this page)	$356,000	$189
14	27604	$344,000	$216
15	27610	$318,000	$210

ZIP 27616 home prices: frequently asked

What is the average home price in ZIP code 27616? +

The typical home in ZIP 27616 (Raleigh, NC) is worth about $356,000 as of 2026. That is 30% more affordable than the Raleigh median of $505,000 and 21% more expensive than the U.S. median of $294,000.

What is the price per square foot in 27616? +

About $189 per square foot in 27616, versus $242 across Raleigh and $202 across North Carolina. At that rate a 1,500 sq ft home runs roughly $283,500 and a 2,500 sq ft home about $472,500.

What salary do you need to buy a house in ZIP 27616? +

For the typical $356,000 home in ZIP 27616, a household income of about $97,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $115,000; with 5% down about $120,000.

Is 27616 an expensive ZIP code? +

Within Raleigh, 27616 ranks #13 of 15 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Raleigh. Nationally it is about average.

See the full Raleigh home values page, all North Carolina cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.