Raleigh, NC 27616 Commercial Properties For Sale
The median home value in Raleigh, NC 27616 is $338,700. This is lower than the county median home value of $434,100. The national median home value is $338,100. The average price of homes sold in Raleigh, NC 27616 is $338,700. Approximately 55.55% of Raleigh, NC 27616 homes are owned, compared to 38.66% rented, while 5.79% are vacant. Raleigh, NC 27616 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Raleigh, NC 27616 real estate agent to arrange a tour today!
Learn More About Raleigh, NC 27616 Real EstateStatistics & facts
52,679
Population
$338K
Medium Home Value
20,907
# of Households
5.79%
Housing Vacancy
58.47%
Future Job Growth
2.70%
Unemployment Rate
Population
Raleigh, NC 27616 has a population of approximately 52,679 and experiences a population change rate of 139.73%. The population density is 2,369.9 / sq mi.
Household
The median household income for Raleigh, NC 27616 is $69,324, with 20,907 households and an average household size of 2.68.
Cost of Living
The cost of living index in Raleigh, NC 27616 is 103.4%.
Home Value
The median value of a home in Raleigh, NC 27616 is $338,700 with an appreciation rate of 23.6%. 55.6% of housing in the zip code is owned while 38.7% is rented.
Employment
The unemployment rate in Raleigh, NC 27616 is 2.70%, and recent job growth is at 1.64%. Future job growth is projected at 58.47%.
Taxes
The sales tax rate in Raleigh, NC 27616 is 7.25%, while the income tax rate is 4.99%.
Education
School expenditures in Raleigh, NC 27616 are $11,618, and the school ratio is 15.1:1.
Weather
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 29.9 degrees. The average rainfall is approximately 45.9 inches per year, with 3.2 inches of snow per year.
Education near Raleigh NC, 27616
| Metric | City | County |
|---|---|---|
| High School Graduates | 92.33 | 93.66 |
| College Degree - 2 year | 7.27 | 8.04 |
| College Degree - 4 year | 52.4 | 54.72 |
| Graduate Degree | 13.7 | 15.71 |
| Expenditures per Student | $11,618 | $11,618 |
| Students per Teacher | 15.10 | 15.10 |
Elementary Schools near Raleigh NC , 27616
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Brooks Elementary School | PK - 05 | 586 | 14.8 | 27609 |
| Casa Esperanza Montessori Charter School | PK - 08 | 455 | 21.6 | 27616 |
| Conn Elementary School | PK - 05 | 624 | 13.5 | 27604 |
| Douglas Elementary School | PK - 05 | 718 | 14 | 27609 |
| Fox Road Elementary School | KG - 05 | 706 | 13.3 | 27616 |
| Green Elementary School | KG - 05 | 563 | 12.6 | 27616 |
| Harris Creek Elementary School | PK - 05 | 1025 | 15.2 | 27616 |
| Millbrook Elementary School | PK - 05 | 782 | 13.8 | 27609 |
| North Ridge Elementary School | PK - 05 | 765 | 15.3 | 27615 |
| River Bend Elementary School | PK - 05 | 839 | 13.5 | 27616 |
| Rolesville Elementary School | PK - 05 | 765 | 16.1 | 27571 |
| Sanford Creek Elementary School | PK - 05 | 697 | 15.3 | 27571 |
| Wilburn Elementary School | PK - 05 | 691 | 13.7 | 27604 |
| Wildwood Forest Elementary School | PK - 05 | 831 | 14.6 | 27616 |
Middle Schools near Raleigh NC , 27616
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Carroll Middle School | 06 - 08 | 902 | 14.2 | 27609 |
| East Millbrook Middle School | 06 - 08 | 985 | 14.7 | 27616 |
| East Wake Middle School | 06 - 08 | 884 | 15.7 | 27604 |
| Rolesville Middle | 06 - 08 | 1263 | 16.8 | 27571 |
| West Millbrook Middle School | 06 - 08 | 961 | 17.2 | 27615 |
High Schools near Raleigh NC , 27616
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Millbrook High School | 09 - 12 | 2571 | 17.7 | 27615 |
| Sanderson High School | 09 - 12 | 2002 | 18 | 27609 |
Ungraded Schools near Raleigh NC , 27616
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Rolesville High | 09 - 11 | 1200 | 17.3 | 27571 |
Top 11 Zip Codes for real estate in Raleigh
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