JeffCroweCRE

Housing market/North Carolina/ZIP 27617

ACS 2023 · FY2027 SAFMR

ZIP 27617 Raleigh, 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
20,012
Households
9,744
Median HH income
$109,991
Renter share
54.8%
Median gross rent
$1,679
Vacancy
7.4%
Pop. change
+6.1%
2BR SAFMR
$1,910
SAFMR / rent
1.138×
2–49 unit stock
4,291
LIHTC proj / units
1 / 96
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 27617 · NC — sent to you.

ZIP 27617 · NC

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ACS rent vs 2BR SAFMR

ZIP 27617 — Raleigh, NC HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,679
2BR SAFMR$1,910
90% floor$1,719
110% ceiling$2,101

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

Housing stock

ACS 2023 units-in-structure · ZCTA 27617

  • 1-unit detached3,14729.9%
  • 1-unit attached1,97518.8%
  • 2–4 units1591.5%
  • 5–49 units4,13239.3%
  • 50+ units1,09110.4%
  • Mobile180.2%
TypeUnitsShare
1-unit detached3,14729.9%
1-unit attached1,97518.8%
2 units (duplex)680.6%
3–4 units910.9%
5–9 units3513.3%
10–19 units2,10020.0%
20–49 units1,68116.0%
50+ units1,09110.4%
Mobile180.2%

2–4 unit share 1.5% · 5–49 unit share 39.3% · combined 2–49 40.8%.

Units by bedrooms

Studio
195
1BR
1,979
2BR
3,199
3BR
3,108
4BR
1,555
5+
486

Rent burden

Rent ≥30% of income36.6%
Rent ≥50% of income13.8%
  • ACS median gross rent $1,679 (all bedrooms, occupied rentals).
  • Median contract rent $1,454.
  • Renters paying ≥30% of income 36.6%; ≥50% 13.8%.
  • FY2027 2BR SAFMR $1,910 (1.138× ACS median gross rent).

Population

20,012 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.1%.

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

Assisted inventory

  • LIHTC: 1 projects, 96 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 7,030 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 27617 54.8% of occupied households are renters; vacancy is 7.4%; ACS median gross rent is $1,679; population increased +6.1% between the 2018 and 2023 ACS vintages; the housing stock includes 159 units in 2–4-unit structures and 4,132 units in 5–49-unit structures; 1 LIHTC projects totaling 96 units; FY2027 2BR SAFMR is $1,910 versus ACS median gross rent of $1,679. 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 27617 is a Census / HUD profile for Raleigh-Cary, NC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 27617 — Raleigh, 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$1,80027519Raleigh-Cary, NC MSA30.9%$1,854$2,14027520Raleigh-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——$1,260

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 27617?

ZIP 27617 (Raleigh-Cary, NC MSA) has 20,012 residents, 9,744 households, a renter share of 54.8%, median household income of $109,991, and ACS 2023 median gross rent of $1,679. Vacancy is 7.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 27617?

ACS counts 68 units in 2-unit buildings, 91 in 3–4 unit buildings, 351 in 5–9, 2,100 in 10–19, and 1,681 in 20–49. Combined 2–49 unit stock is 4,291 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 27617?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,910. See the full schedule and 90–110% payment-standard band on the ZIP 27617 — Raleigh, NC HUD Section 8 Payment Standards / SAFMR.

Does this North Carolina ZIP profile include Georgia listings?

No. ZIP 27617 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.