How much is a home worth in ZIP code 27540?

The typical home in 27540 is worth $584,429, based on the Zillow Home Value Index.

Are home values rising in 27540?

Home values in 27540 are down 1.2% over the past year, and up 6.9% a year over five years.

What is the typical rent in 27540?

A typical home in 27540 rents for about $1,831 a month, a gross rental yield of 3.8%.

What is the property tax rate in 27540?

The effective property tax rate in 27540 is 0.7% — roughly $4,209 a year on a typical home.

ZIP code 27540 has a population of 47,771 and a median household income of $128,989.

HousingHandbookReference data

…

U.S. ZIP Code · NC27540

Wake County · Raleigh-Cary, NC

Typical home value

$584,429^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.2%
5-year / yr: +6.9%
10-year / yr: +6.1%

Relative price

vs U.S.: +105.7%
vs metro: +40.2%
vs state: +105.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 27540 is worth $584,429 — 40.2% above the Raleigh-Cary, NC median. Over the past year, values have fallen 1.2%. Homes here rent for a typical $1,831 a month — a 3.8% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,831^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $4,209^[3]

#Climate risk

FEMA National Risk Index ratings for Wake County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Relatively Moderate
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 47,771^[3]
Median household income: $128,989^[3]

#Migration

Household moves in and out of Wake County over a year, from IRS tax-return data.

Net migration: +3,843^[5]
Moved in: 39,828
Moved out: 35,985

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 5
Middle: 2
High: 2

Holly Springs High
High · Grades 9–12 · Wake County Schools
2,111 students
Pine Springs Preparatory Academy
Elementary · Grades K–8 · Pine Springs Preparatory Academy
1,268 students
Holly Ridge Middle
Middle · Grades 6–8 · Wake County Schools
980 students
Holly Grove Middle
Middle · Grades 6–8 · Wake County Schools
966 students
Holly Springs Elementary
Elementary · Grades PK–5 · Wake County Schools
907 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$21,967

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,955

Loan principal$467,544

Down payment$116,886

Total interest paid$596,326

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.07

Monthly cost to own$3,793

Monthly rent$1,831

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 83rd percentile^[1]
Rental yield: 33rd percentile^[2]
Property tax: 76th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for fastest-growing in NCView list →

Frequently asked

How much is a home worth in ZIP code 27540?: The typical home in 27540 is worth $584,429, based on the Zillow Home Value Index.
Are home values rising in 27540?: Home values in 27540 are down 1.2% over the past year, and up 6.9% a year over five years.
What is the typical rent in 27540?: A typical home in 27540 rents for about $1,831 a month, a gross rental yield of 3.8%.
What is the property tax rate in 27540?: The effective property tax rate in 27540 is 0.7% — roughly $4,209 a year on a typical home.
Who lives in 27540?: ZIP code 27540 has a population of 47,771 and a median household income of $128,989.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

27612 vs 27540 →
Raleigh, NC
Typical home
$577,519
Gross yield
3.0%
27502 vs 27540 →
Apex, NC
Typical home
$573,595
Gross yield
4.4%
27613
Raleigh, NC
Typical home
$597,200
Gross yield
2.8%
27513
Cary, NC
Typical home
$566,968
Gross yield
3.2%
27539
Apex, NC
Typical home
$609,077
Gross yield
3.7%
27609
Raleigh, NC
Typical home
$559,144
Gross yield
3.4%

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Pit ZIP 27540 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC27540

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