Raleigh-Cary, NC · North Carolina

Franklin County

ZIP 27549

71,962 residents723 permits TTM$71,386 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$240,900

ACS 5-Year

Cap rate proxy

8.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.6%

HUD FMR ÷ ACS HHI

Net migration

+2.95%

IRS SOI

Permits (TTM)

723

Census BPS

Climate risk

51.7

FEMA NRI (0–100)

ZIP 27549

Median home value

$240,900

Gross yield

6.7%

Buy Box score

0.5

Section 8 gap

36.6%

Affordability

P/I: 4.2R/I: 21.4%

Section 8 detail

SAFMR: $1,350Rent: $988Gap: 36.6%
ZIP code breakdown5 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
27816$240,900$1,3506.7%0.936.6%
27508$240,900$1,3506.7%0.836.6%
27525$240,900$1,3506.7%0.636.6%
27549$240,900$1,3506.7%0.536.6%
27596$240,900$1,3906.9%0.540.7%

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Demographics

Owner-occupied

78.1%

Census ACS

Vacancy rate

10.9%

Census ACS

Bachelor's degree +

24.4%

Census ACS

Rent burdened

43.2%

Census ACS (>30% income)

Median age

40.9

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026