How much is a home worth in ZIP code 27606?

The typical home in 27606 is worth $441,136, based on the Zillow Home Value Index.

Are home values rising in 27606?

Home values in 27606 are down 2.0% over the past year, and up 4.7% a year over five years.

What is the typical rent in 27606?

A typical home in 27606 rents for about $1,520 a month, a gross rental yield of 4.1%.

What is the property tax rate in 27606?

The effective property tax rate in 27606 is 0.7% — roughly $2,883 a year on a typical home.

ZIP code 27606 has a population of 45,444 and a median household income of $78,371.

HousingHandbookReference data

…

U.S. ZIP Code · NC27606

Wake County · Raleigh-Cary, NC

Typical home value

$441,136^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.0%
5-year / yr: +4.7%
10-year / yr: +6.0%

Relative price

vs U.S.: +55.3%
vs metro: +5.8%
vs state: +55.0%

Price history

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

The typical home in 27606 is worth $441,136 — 5.8% above the Raleigh-Cary, NC median. Over the past year, values have fallen 2.0%. Homes here rent for a typical $1,520 a month — a 4.1% 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: $1,520^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.5%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,883^[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: 45,444^[3]
Median household income: $78,371^[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: 12
Elementary: 5
Middle: 3
High: 3

Athens Drive High
High · Grades 9–12 · Wake County Schools
2,060 students
Dillard Drive Middle
Middle · Grades 6–8 · Wake County Schools
937 students
Dillard Drive Elementary
Elementary · Grades PK–5 · Wake County Schools
644 students
Combs Elementary
Elementary · Grades PK–5 · Wake County Schools
635 students
Oak Grove Elementary
Elementary · Grades PK–5 · Wake County Schools
537 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 yield4.1%

Net yield (after ~40% expenses)2.5%

Annual rent$18,246

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$2,231

Loan principal$352,909

Down payment$88,227

Total interest paid$450,116

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 ratio1.87

Monthly cost to own$2,837

Monthly rent$1,520

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: 7th percentile^[1]
Rental yield: 44th percentile^[2]
Property tax: 29th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 27606?: The typical home in 27606 is worth $441,136, based on the Zillow Home Value Index.
Are home values rising in 27606?: Home values in 27606 are down 2.0% over the past year, and up 4.7% a year over five years.
What is the typical rent in 27606?: A typical home in 27606 rents for about $1,520 a month, a gross rental yield of 4.1%.
What is the property tax rate in 27606?: The effective property tax rate in 27606 is 0.7% — roughly $2,883 a year on a typical home.
Who lives in 27606?: ZIP code 27606 has a population of 45,444 and a median household income of $78,371.

#Comparable ZIPs

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

27617 vs 27606 →
Raleigh, NC
Typical home
$443,292
Gross yield
4.1%
27596 vs 27606 →
Youngsville, NC
Typical home
$420,378
Gross yield
5.5%
27603
Raleigh, NC
Typical home
$416,793
Gross yield
4.9%
27592
Fuquay-Varina, NC
Typical home
$414,619
Gross yield
5.6%
27605
Raleigh, NC
Typical home
$408,705
Gross yield
5.0%
27527
Archer Lodge, NC
Typical home
$398,414
Gross yield
5.6%

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Pit ZIP 27606 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC27606

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