Area Insights of 27603, Raleigh, NC

Stay ahead with market trends and local insights that matter.

Demand Insights

The market maintains its steady pace indicating a consistent buyer interest. A total of 65 homes were sold with 8 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

27603, Raleigh, NC

Date

03-19-2023

Price Ratio

102%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

King's Town Christian Academy

KG to KG

Cathedral School

PK to 8

Middle School

No schools available

High School

Longleaf School of the Arts

9 to 12

Ratings

C-

Vernon Malone College and Career Academy

9 to 12

Ratings

A-

Wake STEM Early College High School

9 to 12

Ratings

A+

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Stay ahead with insights on population dynamics, income levels and employment patterns. These data points are key indicators of demand and future growth.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 20% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (59,212)
30,092 Male
29,120 Female
Education
18% High School
8% Associate
32% Bachelor
16% Graduate
Age

Average Age is 35 Years

Household Details

The area's household landscape is diverse, with 59% owner-occupied homes and 41% renter-occupied properties. Family households represent 57% of the population, indicating a strong community focus on family living. The average home value stands at $463,549, which suggests ample demand for multi-bedroom properties.

Total Households
24,239
Average home value
$463,549
Owned
59%
Rented
41%
Vacant
6%
Families
57%
Married
45%
With children
25%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 3% Asian, 18% Black, and 1% Native residents, alongside 61% White and 15% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 39% of households earning over $100,000 annually, while 30% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
1%
Healthcare
10%
Professional
16%
Education
12%
Services
25%
Labor
16%
Retail
12%
Other
8%
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