How much is a home worth in ZIP code 27577?

The typical home in 27577 is worth $294,076, based on the Zillow Home Value Index.

Are home values rising in 27577?

Home values in 27577 are down 0.7% over the past year, and up 5.9% a year over five years.

What is the typical rent in 27577?

A typical home in 27577 rents for about $1,797 a month, a gross rental yield of 7.3%.

What is the property tax rate in 27577?

The effective property tax rate in 27577 is 0.7% — roughly $2,113 a year on a typical home.

ZIP code 27577 has a population of 28,354 and a median household income of $62,758.

HousingHandbookReference data

…

U.S. ZIP Code · NC27577

Johnston County · Raleigh-Cary, NC

Typical home value

$294,076^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.7%
5-year / yr: +5.9%
10-year / yr: +7.5%

Relative price

vs U.S.: +3.5%
vs metro: -29.4%
vs state: +3.3%

Price history

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

The typical home in 27577 is worth $294,076 — 29.4% below the Raleigh-Cary, NC median. Over the past year, values have fallen 0.7%. Homes here rent for a typical $1,797 a month — a 7.3% 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: $1,797^[2]
Gross yield: 7.3%^[2]
Cap rate: 4.4%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,113^[3]

#Climate risk

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

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

#Who lives here

Population: 28,354^[3]
Median household income: $62,758^[3]

#Migration

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

Net migration: +2,118^[5]
Moved in: 8,508
Moved out: 6,390

Schools

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

Public schools: 10
Elementary: 2
Middle: 2
High: 3

Smithfield-Selma High
High · Grades 9–12 · Johnston County Public Schools
1,551 students
Neuse Charter School
Other · Grades K–12 · Neuse Charter School
912 students
Smithfield Middle
Middle · Grades 6–8 · Johnston County Public Schools
530 students
South Smithfield Elementary
Elementary · Grades PK–5 · Johnston County Public Schools
463 students
West Smithfield Elementary
Elementary · Grades PK–5 · Johnston County Public Schools
446 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 yield7.3%

Net yield (after ~40% expenses)4.4%

Annual rent$21,563

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$1,487

Loan principal$235,260

Down payment$58,815

Total interest paid$300,062

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 ratio1.06

Monthly cost to own$1,909

Monthly rent$1,797

Owning and renting are roughly even.

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: 45th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 74th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 27577?: The typical home in 27577 is worth $294,076, based on the Zillow Home Value Index.
Are home values rising in 27577?: Home values in 27577 are down 0.7% over the past year, and up 5.9% a year over five years.
What is the typical rent in 27577?: A typical home in 27577 rents for about $1,797 a month, a gross rental yield of 7.3%.
What is the property tax rate in 27577?: The effective property tax rate in 27577 is 0.7% — roughly $2,113 a year on a typical home.
Who lives in 27577?: ZIP code 27577 has a population of 28,354 and a median household income of $62,758.

#Comparable ZIPs

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

27569 vs 27577 →
Princeton, NC
Typical home
$279,605
Gross yield
—
27549 vs 27577 →
Lake Royale CDP, NC
Typical home
$308,964
Gross yield
—
27524
Four Oaks, NC
Typical home
$311,523
Gross yield
—
27576
Selma, NC
Typical home
$273,493
Gross yield
6.3%
27610
Raleigh, NC
Typical home
$319,851
Gross yield
7.0%
27542
Kenly, NC
Typical home
$267,908
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC27577

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