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Housing market/North Carolina/ZIP 27519

ACS 2023 · FY2027 SAFMR

ZIP 27519 Cary, North Carolina

Raleigh-Cary, NC MSA · North Carolina. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
67,976
Households
23,756
Median HH income
$159,414
Renter share
30.9%
Median gross rent
$1,854
Vacancy
4.0%
Pop. change
+23.3%
2BR SAFMR
$2,140
SAFMR / rent
1.154×
2–49 unit stock
3,922
LIHTC proj / units
3 / 245
HUD assisted MF
1 / 6

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 27519 · NC — sent to you.

ZIP 27519 · NC

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ACS rent vs 2BR SAFMR

ZIP 27519 — Cary, NC HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,854
2BR SAFMR$2,140
90% floor$1,926
110% ceiling$2,354

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 27519

  • 1-unit detached15,28761.7%
  • 1-unit attached4,38717.7%
  • 2–4 units2230.9%
  • 5–49 units3,69914.9%
  • 50+ units1,0994.4%
  • Mobile630.3%
TypeUnitsShare
1-unit detached15,28761.7%
1-unit attached4,38717.7%
2 units (duplex)930.4%
3–4 units1300.5%
5–9 units7983.2%
10–19 units1,8787.6%
20–49 units1,0234.1%
50+ units1,0994.4%
Mobile630.3%

2–4 unit share 0.9% · 5–49 unit share 14.9% · combined 2–49 15.8%.

Units by bedrooms

Studio
178
1BR
1,900
2BR
3,995
3BR
6,388
4BR
6,940
5+
5,357

Rent burden

Rent ≥30% of income29.5%
Rent ≥50% of income13.1%
  • ACS median gross rent $1,854 (all bedrooms, occupied rentals).
  • Median contract rent $1,689.
  • Renters paying ≥30% of income 29.5%; ≥50% 13.1%.
  • FY2027 2BR SAFMR $2,140 (1.154× ACS median gross rent).

Population

67,976 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +23.3%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 245 units.
  • HUD project-based assisted MF: 1 properties, 6 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 4,886 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 27519 30.9% of occupied households are renters; vacancy is 4.0%; ACS median gross rent is $1,854; population increased +23.3% between the 2018 and 2023 ACS vintages; the housing stock includes 223 units in 2–4-unit structures and 3,699 units in 5–49-unit structures; 3 LIHTC projects totaling 245 units; FY2027 2BR SAFMR is $2,140 versus ACS median gross rent of $1,854. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

North Carolina research

ZIP 27519 is a Census / HUD profile for Raleigh-Cary, NC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 27519 — Cary, NC HUD Section 8 Payment Standards / SAFMR·North Carolina ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
27502Raleigh-Cary, NC MSA18.6%$1,786$2,06027508Raleigh-Cary, NC MSA18.2%$859$1,22027511Raleigh-Cary, NC MSA32.6%$1,436$1,61027512Raleigh-Cary, NC MSA——$1,74027513Raleigh-Cary, NC MSA36.8%$1,491$1,84027518Raleigh-Cary, NC MSA34.5%$1,537$1,80027520Raleigh-Cary, NC MSA23.7%$1,430$1,64027523Raleigh-Cary, NC MSA30.9%$1,805$2,08027524Raleigh-Cary, NC MSA29.3%$1,011$1,22027527Raleigh-Cary, NC MSA15.2%$1,617$1,90027528Raleigh-Cary, NC MSA——$1,26027529Raleigh-Cary, NC MSA27.2%$1,379$1,580

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is North Carolina research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 27519?

ZIP 27519 (Raleigh-Cary, NC MSA) has 67,976 residents, 23,756 households, a renter share of 30.9%, median household income of $159,414, and ACS 2023 median gross rent of $1,854. Vacancy is 4.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 27519?

ACS counts 93 units in 2-unit buildings, 130 in 3–4 unit buildings, 798 in 5–9, 1,878 in 10–19, and 1,023 in 20–49. Combined 2–49 unit stock is 3,922 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 27519?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,140. See the full schedule and 90–110% payment-standard band on the ZIP 27519 — Cary, NC HUD Section 8 Payment Standards / SAFMR.

Does this North Carolina ZIP profile include Georgia listings?

No. ZIP 27519 is Census / HUD research for Raleigh-Cary, NC MSA. Jeff Crowe CRE does not list North Carolina property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.