ZIP 27518 - 860Z200US27518 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 27518, located in the heart of North Carolina’s thriving Wake County, this demographic and housing snapshot offers a clear, data-driven picture. Based on the latest 2023 figures, this area showcases a robust population, strong income levels, and a competitive housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living, working, or investing in 27518.

Population & Households

ZIP code 27518 is home to a population of 18,995 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 8,206 households, reflecting a mix of family and individual living arrangements. With 9,211 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental opportunities.

Income & Housing Costs

One of the standout metrics for ZIP 27518 is its median household income of $121,242, which signals a financially stable and affluent community. This income level positions residents well above the national average, suggesting strong purchasing power for local businesses and a desirable market for real estate. On the housing front, the median home value stands at $594,900, reflecting a premium market that aligns with the area’s high income. For renters, the median rent is $1,537 per month, indicating a significant but manageable cost for those not ready to buy. These figures highlight 27518 as a high-value area with potential for both homeownership and investment.

Race & Ethnicity

The demographic makeup of ZIP 27518 offers a glimpse into its cultural diversity. The population is predominantly White at 73.55%, with smaller but notable shares of Black (6.59%), Asian (11.42%), and Hispanic (4.19%) residents. This composition suggests a primarily homogeneous community with growing diversity, particularly among Asian residents, which could influence local culture, businesses, and community needs. For business owners or investors, understanding this mix can help tailor services or marketing strategies to resonate with the area’s residents.

Key Facts

• Total population in ZIP 27518: 18,995 residents, offering a sizable community for engagement.
• Total households: 8,206, indicating a strong base of potential customers or tenants.
• Total housing units: 9,211, with some vacancy that could appeal to investors or new buyers.
• Median household income: $121,242, reflecting significant local economic strength.
• Median home value: $594,900, positioning 27518 as a premium real estate market.
• Median rent: $1,537, a competitive rate for a high-income area.
• Racial composition: 73.55% White, 11.42% Asian, 6.59% Black, 4.19% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 27518 offers a prosperous community with high home values, ideal if you’re seeking a long-term investment in a stable, affluent area. The median income suggests neighbors with financial security, often correlating with well-maintained properties and strong schools. However, the $594,900 median home price means you’ll need substantial resources or financing to enter this market.

For real estate investors and agents, the slight gap between total housing units (9,211) and households (8,206) hints at potential rental or flip opportunities. The high median rent of $1,537 also supports a viable rental market, especially for professionals drawn to the area’s income levels.

Small-business owners can benefit from the area’s $121,242 median household income, which indicates disposable income for goods and services. Targeting products or services that appeal to a predominantly White and growing Asian demographic could yield strong returns, especially in sectors like dining, education, or wellness.

Analysts will find ZIP 27518’s data useful for benchmarking against other suburban markets in North Carolina. The combination of high income, premium housing, and moderate diversity offers a case study in affluent community dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 27518’s trends? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to compare markets, identify opportunities, or plan your next move with confidence.