ZIP 27614 - 860Z200US27614 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 27614, located in the Raleigh, North Carolina area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 33,000 and a strong median household income, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics among us stats for ZIP 27614 to help you understand what makes this area stand out.

Population & Households

In 2023, ZIP 27614 is home to a population of 33,021 residents across 13,518 households. This translates to an average household size of roughly 2.4 people, suggesting a mix of families and smaller households. The total number of housing units stands at 14,834, indicating a slight surplus of available homes compared to occupied households. For those looking to buy or rent, this could mean more options in the market, though demand and pricing will depend on specific neighborhoods within the ZIP code.

Income & Housing Costs

One of the standout metrics for ZIP 27614 is its median household income of $122,258, which is notably higher than many surrounding areas. This suggests a relatively affluent community with strong purchasing power—a key consideration for businesses and investors. On the housing front, the median home value is $530,100, reflecting a robust real estate market. For renters, the median monthly rent is $1,548, which aligns with the area’s higher income levels but may pose affordability challenges for some. These figures highlight ZIP 27614 as a premium location for housing and investment opportunities.

Race & Ethnicity

The demographic makeup of ZIP 27614 shows a predominantly white population at 73.9%, followed by Black residents at 12.71%, Hispanic or Latino individuals at 5.81%, and Asian residents at 3.56%. This diversity, while not as pronounced as in some urban centers, still offers a mix of cultural perspectives and potential market segments for businesses. Understanding this composition can help tailor services, marketing, or community engagement strategies to resonate with the local population.

Key Facts

• Total population in 2023: 33,021 residents.
• Total households: 13,518, with an average size of about 2.4 people.
• Total housing units: 14,834, suggesting some availability in the market.
• Median household income: $122,258, indicating strong economic stability.
• Median home value: $530,100, reflecting a high-value real estate market.
• Median monthly rent: $1,548, consistent with the area’s income levels.
• Racial composition: 73.9% white, 12.71% Black, 5.81% Hispanic, 3.56% Asian.

What This Means for You

For homebuyers, ZIP 27614 offers a stable, affluent community with high home values. The median price of $530,100 suggests a long-term investment with potential for appreciation, though it requires significant capital or financing. The slight surplus of housing units (14,834 vs. 13,518 households) might provide some negotiating room, depending on market trends.

For investors and real estate agents, the high median income and home values signal a market with strong demand for premium properties. Rental yields could be attractive given the median rent of $1,548, especially for well-located or upscale units. The data also suggests room for development or flipping opportunities if vacant units can be identified.

For small-business owners, the $122,258 median income points to a customer base with disposable income, ideal for retail, dining, or service-based businesses. Tailoring offerings to the demographic mix—predominantly white but with notable Black and Hispanic populations—can help capture a broader market share.

For analysts, these metrics provide a baseline for deeper research into economic trends, housing turnover rates, or comparisons with nearby ZIP codes. The data underscores ZIP 27614 as a high-value area worth monitoring for shifts in population or income dynamics.

Run This Study Yourself

• Visit ZipcodeGPT to access powerful tools for analyzing any ZIP code’s demographics and housing data.
• Enter ZIP 27614 or any other area of interest to generate a customized report with the latest figures.
• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.