ZIP Code 27616: Population, Income, Housing

State: NC

Total population: 63,520 Household income: $83,565 Rent: $1,659

Overview

Total population

63,520

Rent

$1,659

Year built

2005

Household income

$83,565

Per capita income

$39,743

Poverty rate

9.9%

Unemployment rate

N/A

Household size

2.6 persons

Rent over 30% of income

57.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

North Carolina

County

Wake County

City

Raleigh

Total population

63,520

Adults over 25

41,983

Total households

23,949

Household size

2.6 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$83,565

Per capita income

$39,743

Poverty rate

9.9%

Unemployment rate

N/A

Rent over 30% of income

57.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,659

Year built

2005

Households that rent

44%

Households that own

56%

Rooms per home (all homes)

5.5

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

32.9%

Black

38.2%

Asian

8.5%

Two or more races

12.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

18%

Not Hispanic or Latino

82%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

26,878 (78.2%)

Commute time to work

27 mins

Work from home

7,493 (21.8%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

25%

High school graduate or GED

19.8%

Some college or associate degree

10.8%

Bachelor’s degree or higher

44.5%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 27616 with: Wake County, NC Raleigh, NC Raleigh metro area, NC North Carolina United States

ZIP 27616

Total population63,520

Rent$1,659

Year built2005

Household income$83,565

Per capita income$39,743

Poverty rate9.9%

Unemployment rateN/A

Wake County, NC

Total population1,178,653

Rent$1,623

Year built2000

Household income$105,768

Per capita income$55,448

Poverty rate8.1%

Unemployment rate2.8%

Raleigh, NC

Total population481,031

Rent$1,572

Year built1997

Household income$85,395

Per capita income$52,897

Poverty rate11.9%

Unemployment rate2.9%

Raleigh Metro Area, NC

Total population1,487,302

Rent$1,573

Year built2000

Household income$100,103

Per capita income$51,873

Poverty rate8.7%

Unemployment rate3.1%

North Carolina State

Total population10,730,404

Rent$1,228

Year built1991

Household income$72,388

Per capita income$41,385

Poverty rate13%

Unemployment rate3.6%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP27616	CountyWake, NC	CityRaleigh, NC	Metro AreaRaleigh metro area, NC	StateNorth Carolina	CountryUnited States
Total population	63,520	1,178,653	481,031	1,487,302	10,730,404	334,922,499
Rent	$1,659	$1,623	$1,572	$1,573	$1,228	$1,413
Year built	2005	2000	1997	2000	1991	1980
Household income	$83,565	$105,768	$85,395	$100,103	$72,388	$80,734
Per capita income	$39,743	$55,448	$52,897	$51,873	$41,385	$44,673
Poverty rate	9.9%	8.1%	11.9%	8.7%	13%	12.5%
Unemployment rate	N/A	2.8%	2.9%	3.1%	3.6%	4%

View the full multi-level comparison →

Summary for 27616

Rent & Income

In 27616, the typical monthly rent is $1,659 and the typical household income is $83,565. Rent here is higher than both Raleigh and North Carolina, and household income is similar to Raleigh and higher than North Carolina. The estimated poverty rate is 9.9%, which is lower than in both Raleigh and North Carolina.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 44% of households. About 57.4% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 44.5% of adults holding a bachelor’s degree or higher.

ZIP 27616 — Rent vs Household Income

ZIP 27616 — Poverty

How ZIP 27616 compares in North Carolina (126 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,659	106 / 126	from lower rent	$733 – $2,025
Household income	$83,565	45 / 126	from higher income	$42,810 – $165,586
Poverty rate	9.9%	49 / 126	from lower poverty	2.3% – 34.4%

Rankings are calculated among ZIP Codes in North Carolina with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 27616

Rent

In terms of rental prices, this ZIP stands 106th out of 126 ZIP Codes in North Carolina. Across North Carolina, figures vary from $733 in ZIP 28645 up to $2,025 in ZIP 28079.

Household income

When comparing household incomes, ZIP Code 27616 stands 45th out of 126 ZIP Codes. Throughout North Carolina, numbers span from $42,810 in ZIP 27893 up to $165,586 in ZIP 27519.

Poverty rate

Looking at poverty indicators, this ZIP stands 49th out of 126 ZIP Codes. At the state level, values extend from 2.3% in ZIP 27502 up to 34.4% in ZIP 28607.

💰 Rent in ZIP Code 27616 (with Utilities)

Estimated Monthly Rent: $1,659 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 27616

Annual Household Income: $83,565

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 27616

Estimated Rate: 9.9%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 27616

In ZIP Code 27616, households that rent: 10,535 (44%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	10,535	44%
Owner-Occupied	13,414	56%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 27616

In ZIP Code 27616, cost-burdened renters (households spending over 30% of income on housing): 6,044 (57.4%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	6,044	57.4%
Other renter households	4,491	42.6%
Total renter households	10,535	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 27616

Less than High School: 10,486 people (25%)

Includes adults who did not complete high school.

High School Graduate or GED: 8,294 people (19.8%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 4,516 people (10.8%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 18,687 people (44.5%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 41,983

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.