ZIP Code Market Report · Updated May 2026
Is 27601 a Buyer's
or Seller's Market?
📍 Raleigh, North Carolina · NC
77
🟡 WARM
Balanced market
15 days avg on market · Tax rate: 0.81%/yr
Mortgage Breakdown — 27601
Median Price$430,000
20% Down$86,000
Loan Amount$344,000
Rate (~6.7%)$2,219/mo P&I
Property Tax$290/mo
Total PITI$2,688/mo
Income Needed$89,600/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
21.1%
of FHA applications denied in Raleigh, NC, 2025 · national 22.1%
FREEDOM MORTGAGE CORPORATION
14.0% DHI Mortgage Company, LTD.
24.8% United Wholesale Mortgage
25.9% A 15.1-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 49.7% versus 18.0% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
Get the Dispatch →