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Investors
Interested in purchasing investment houses in the 27616 zip code in Raleigh, NC?
Detailed Demographic Statistics
The zip code 27616 is in Wake county, is in the state of North Carolina. The total land area is 22.2 square miles and the water area is 0.1 square miles.
The zip 27616 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 55,729 in 2019 and 42,294 in 2010. Of this, the break down in 2019 was 53,971 urban and 1,757 rural. This further breaks down to 26,149 males (46.9%) and 29,580 females (53.1%). The median age of residents is 33.8 years. The population density (people per square mile) is 2,508. This zip code has a combined total of 20,747 houses and condos. There are 7,666 rented appartments. 39% of residents rent versus the 39% of residents in the state who rent.
The average individual gross adjusted income is $46,289 and the average salary is $44,517. The estimated median household income of individuals is around $73,753. This zip code has a mean commute time to work of 27.6 minutes. The unemployment rate is 5.3%. 9.9% of residents live below poverty line versus the 13.6% in the state that are below this line. The cost of living index is 94.0. The educational breakdown is 90.2% have a high school education or higher, 44.1% have a bachelor's degree or higher, and 13.8% have some kind of profesional degree.
The average size of households is 2.8 people. Individuals who are single and have never been married are 36.2%, 49.1% are now married, 2.4% are separated, 2.9% are widowed, and 9.3% are divorced. The average yearly contribution amount given by people to charity was $3,280 versus the state average of $4,687. The percent of residents who gave to charity was 32.2%.
The estimated median value of houses and condos is $224,356. The median monthly owner costs of mortgage holders was $1,401, where as the costs for those who don't have a mortgage are $484. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,967. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,493. The median housing property tax percent for residents with mortgages was 0.9% which amounted to an average tax amount of $2,004. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $1,734. Reported taxable interest for persons was $438, dividends $2,077, capital gains +$1,913, and itemized deductions $21,516. The average earned income tax credit is $2,479. The percent of individuals that use a tax preparer is 45.2%. The total average income taxes paid by individuals was $6,151. Businesses reported an average profit of $7,519.Local Restaurants
Outback Steakhouse
5200 Capital Blvd, Raleigh, NC 27616
Seven Cities Seafood
3611 Spring Forest Rd Ste 114, Raleigh, NC 27616
Carrabba's Italian Grill
4821 Capital Blvd, Raleigh, NC 27616
Romano's Macaroni Grill
3421 Sumner Blvd, Raleigh, NC 27616
Red Bowl Asian Bistro
6360 Plantation Center Dr, Raleigh, NC 27616
Carolina Sushi & Roll
5951 Poyner Village Pkwy Ste 107, Raleigh, NC 27616
Shane's Rib Shack
5811 Poyner Village Pkwy,Bldg 101 Suite J1, Raleigh, NC 27616
The Twisted Fork
3751 Sumner Blvd Ste 170, Raleigh, NC 27616
Champps Americana
3741 Sumner Blvd, Raleigh, NC 27616
Euro Cafe
5959 Triangle Town Blvd, Raleigh, NC 27616
Le Petit Bistro
5959 Triangle Town Blvd, Raleigh, NC 27616
Scooters Grill & Bar
1911 Sego Ct, Raleigh, NC 27616
Cafe Capistrano
8471 Garvey Dr, Raleigh, NC 27616
HWY 55 Burgers Shakes and Fries
8450 Louisburg Rd, Raleigh, NC 27616
Garden Fresh Restaurant Corp
5200 Capital Blvd, Raleigh, NC 27616
On The Border Mexican Grill & Cantina
3351 Cypress Plantation Dr, Raleigh, NC 27616
Oriental Pho
5959 Triangle Town Blvd, Raleigh, NC 27616
Crazy Fire Mongolian Grill
3611 Spring Forest Rd, Raleigh, NC 27616
Sino Wok
5959 Triangle Town Blvd Ste 1108, Raleigh, NC 27616
Fu Kee Express
6320 Capital Blvd, Raleigh, NC 27616
Nearby Restaurants
Raleigh Crab House
4538 Capital Blvd, Raleigh, NC 27604 (3.3 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
