ZIP 27517 - 860Z200US27517 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 27517, located in North Carolina’s vibrant Triangle area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for 27517 and uncover what makes this area unique.

Population & Households

ZIP code 27517 is home to a population of 28,676 residents as of 2023. This sizable community is spread across 12,299 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 13,015, suggesting a slight surplus of available homes or rentals compared to occupied households. For those eyeing this area, the population size reflects a robust community with potential for both residential and commercial growth.

Income & Housing Costs

One of the standout metrics for ZIP 27517 is its median household income, which sits at an impressive $124,821 annually. This figure points to a relatively affluent area, likely attracting professionals and families with strong earning potential. On the housing front, the median home value is $571,900, reflecting a premium real estate market that aligns with the high income levels. For renters, the median rent is $1,518 per month, which, while significant, remains more accessible than purchasing in this market. These numbers highlight 27517 as a desirable yet costly place to live, ideal for those with the financial means to invest.

Race & Ethnicity

The demographic makeup of ZIP 27517 showcases a diverse yet predominantly white population. As of 2023, the racial composition is 69.24% white, 9.49% Black, 4.53% Asian, and 10.63% Hispanic. This mix indicates a community with cultural variety, which can be a draw for families and businesses seeking an inclusive environment. Understanding the ethnic diversity of 27517 can help tailor real estate strategies or business offerings to meet the needs of different groups within the area.

Key Facts

• Total population in ZIP 27517: 28,676 residents.
• Total households: 12,299, supporting a mix of family and solo living.
• Total housing units: 13,015, with some availability for new occupants.
• Median household income: $124,821, indicating a high-earning community.
• Median home value: $571,900, reflecting a premium housing market.
• Median rent: $1,518, a notable but more affordable option compared to buying.
• Racial diversity: 69.24% white, 10.63% Hispanic, 9.49% Black, 4.53% Asian.

What This Means for You

For homebuyers, ZIP 27517 offers a high-quality living environment backed by strong median incomes and home values. However, with a median home price of $571,900, you’ll need to budget accordingly or explore renting at $1,518 per month as a stepping stone. The slight surplus of housing units (13,015 vs. 12,299 households) could mean opportunities to negotiate or find availability, but competition may still be stiff given the area’s appeal.

For real estate investors and agents, the high median home value and income levels suggest a market ripe for premium properties or rental investments. The diversity in the population also opens doors for targeted marketing to different demographic groups, while the income data indicates tenants or buyers likely have the means to afford upscale listings.

For small-business owners, the population of 28,676 and household income of $124,821 signal a customer base with disposable income. Whether you’re opening a retail store, service, or restaurant, the cultural diversity (notably 10.63% Hispanic and 9.49% Black) suggests a need for inclusive offerings that resonate with varied backgrounds.

For analysts, these metrics provide a foundation for deeper studies into housing trends, economic stability, or community growth in 27517. The balance of income and housing costs could indicate long-term sustainability for investment or development.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 27517? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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