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Wake County · North Carolina

ZIP code 27606

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 27606 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
45,728

ZCTA residents

Median income
$75,640

Household, past 12 months

Median home
$423,900

Owner-occupied value

Sales tax
7.25%

Combined state + local

Quick answer

ZIP 27606 sits in Wake County, North Carolina and is home to 45,728 people. Median household income is $75,640, the median home is worth $423,900 and median gross rent is $1,369. 37.1% of households own their home, and purchases are taxed at 7.25% combined.

County
Wake County

FIPS 37183

State
North Carolina (NC)

853 ZIPs covered

Area codes
919, 984

NANPA codes serving this area

Metro area
Raleigh

Rate jurisdiction used for tax

The numbers for 27606

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
45,728ZIP 27606 residents
Median household income
$75,640Past 12 months, inflation adjusted
Median home value
$423,900Owner-occupied units
Median gross rent
$1,369Rent plus utilities, monthly
Median age
30.5 yrsAll residents
Homeownership rate
37.1%Owner-occupied households

ZIP 27606 in context

How this area compares with national benchmarks.

ZIP 27606 is a small city in Wake County, North Carolina, with 45,728 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #51 of 853 ranked by population — larger than 94% of them. The median age here is 30.5 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in ZIP 27606 earn a median of $75,640 a year, 3.7% below the national figure of $78,538. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 19.1% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in ZIP 27606 is valued at $423,900, 39.7% above the national figure, while median gross rent runs $1,369 a month, 2.6% below the national figure, or roughly $16,428 across a full year. A household on the local median income would put about 21.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 5.6×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 37.1% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Reading ZIP 27606 in context

How 27606 sits inside Wake County and North Carolina.

ZIP 27606 is tabulated inside Wake County, North Carolina, one of 32 ZIP areas the Census publishes for that county and 853 across North Carolina. This is a dense urban ZIP, where a single postal boundary can hold more residents than an entire rural county. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 27606 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 27606 reports a median household income of $75,640, 24% below the $99,819 county median, and 21% above the $62,646 typical NC ZIP. Owner-occupied homes are valued at a median of $423,900, 5% below the county figure and 109% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,369 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

A taxable purchase made inside 27606 carries 7.25% at the register, assembled from the Raleigh jurisdiction stack: the North Carolina state rate plus every county, municipal and special district levy that reaches this address. Because those district boundaries were drawn for schools, transit and hospital funding rather than for mail delivery, two addresses inside 27606 can legitimately fall under different totals — the rate shown here is the one that applies to the dominant jurisdiction.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 27606 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 27606

What a purchase inside this ZIP costs at checkout.

Rate applied
7.25%Raleigh jurisdiction stack
Tax on $100
$7Rounded to the dollar
Tax on $1,000
$73Before any exemptions

This ZIP falls inside the Raleigh rate area, so state, county, city and district levies are published here as a full stack.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
22%Median rent ÷ median income
Price-to-income
5.6×Home value ÷ household income
Est. mortgage
$2,200/mo20% down, 30-yr at 6.75%
Poverty rate
19.1%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 27606 compares

ZIP 27606 against the median ZIP in Wake County and across North Carolina.

MeasureZIP 27606County medianState medianvs state
Median household income$75,640$99,819$62,646+21%
Median home value$423,900$445,300$203,100+109%
Median gross rent$1,369$1,498$941+45%
Population45,72834,6495,300+763%

Medians are computed across the 32 ZIP areas in Wake County and the 853 ZIP areas in North Carolina.

Statewide rank

Where this ZIP places among all 853 North Carolina ZIP areas.

Income

richer than 74% of 766 state ZIPs

#200
Home value

above 91% of 763 state ZIPs

#69
Population

larger than 94% of 853 state ZIPs

#51

Comparable ZIP codes

North Carolina ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
27043Stokes County$75,513$211,600$834
28163Stanly County$75,483$267,100$755
28709Buncombe County$75,441$360,000$1,500
27299Davidson County$75,433$200,000$951
28227Mecklenburg County$75,322$313,900$1,412
28080Lincoln County$76,054$231,300$1,135

Nearby ZIP codes

Other ZIP codes filed under Wake County.

Adjacent ZIP Codes

Other ZIP codes in Wake County, North Carolina.

ZIP 27606 questions

Common questions about this ZIP code.

Where is ZIP code 27606?
ZIP 27606 lies mostly in Wake County, North Carolina. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 27606?
Purchases are taxed at 7.25% combined, built from the Raleigh jurisdiction stack.
Is 27606 expensive to live in?
Median rent runs $1,369 a month, about 22% of median household income, and the median home is worth $423,900 — +109% against the typical North Carolina ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 27606, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.