Housing data for ZIP code 27516

Name: Housing in ZIP code 27516, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

ZIP code 27516 has an estimated 47,358 residents and 18,951 homes (US Census Bureau, 2020–2024 American Community Survey).

It lies in Orange County.

29.3% of households rent.

The median gross rent is $1,564 (±$111) a month.

The median home value is $567,200 (±$17,248).

The median household income is $106,353 (±$7,545) a year.

Figures last updated on November 12, 2026.

Residents: 47,358 (±1,669)
Median gross rent: $1,564
Median home value: $567,200
Households that rent: 29.3%

How ZIP code 27516 compares

Estimate (90% margin of error)
	ZIP 27516	Orange County	North Carolina	United States
Residents	47,358 (±1,669)	149,678	10,730,404	334,922,499
Housing units	18,951 (±684)	62,858	4,895,668	143,775,355
Households that rent	29.3% (±2.2 points)	36.2%	33.4%	34.8%
Median gross rent	$1,564 (±$111)	$1,496	$1,228	$1,413
Median home value	$567,200 (±$17,248)	$459,500	$288,900	$332,700
Median household income	$106,353 (±$7,545)	$90,089	$72,388	$80,734
Median real estate taxes (a year)	$4,802 (±$275)	$4,162	$1,896	$3,119
Renters paying 30% or more of income	61.5% (±6.6 points)	58.1%	48.9%	51.1%
Built before 1980	24.4% (±2.8 points)	31.5%	33.9%	49.7%
Average commute	24.1 minutes (±1.3)	23.6 minutes	25.1 minutes	26.4 minutes
Households with broadband	97.3% (±1.0 points)	94.0%	90.1%	91.0%
Median age of residents	36.9 years (±1.6)	36.1 years	39.1 years	38.9 years

In ZIP 27516, median gross rent is not measurably different from Orange County ($1,496).

It is also higher than in North Carolina ($1,228).

It is higher than the national figure ($1,413).

Among the 6 ZIP codes in Orange County with a published estimate, ZIP 27516 ranks 2 from highest to lowest median gross rent.

Among the 6 ZIP codes in Orange County with a published estimate, ZIP 27516 ranks 2 from highest to lowest median home value.

Among the 6 ZIP codes in Orange County with a published estimate, ZIP 27516 ranks 1 from highest to lowest median household income.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Rent in ZIP code 27516

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	ZIP 27516	Orange County	North Carolina	United States
Less than $500	6.5% (±3.4 points)	3.7%	6.6%	6.3%
$500 to $999	11.9% (±3.4 points)	11.7%	27.5%	20.2%
$1,000 to $1,499	28.5% (±5.5 points)	34.9%	32.6%	28.1%
$1,500 to $1,999	24.3% (±4.7 points)	31.6%	21.4%	21.1%
$2,000 to $2,499	16.6% (±4.3 points)	10.9%	7.8%	12.0%
$2,500 to $2,999	6.8% (±2.9 points)	3.9%	2.2%	5.5%
$3,000 or more	5.3% (±2.3 points)	3.2%	1.8%	6.8%

The most common range is $1,000 to $1,499, paid by 28.5% of renting households.

Rent by bedrooms in ZIP code 27516

Median gross rent by number of bedrooms, estimate (90% margin of error)
Bedrooms	Census median
Studio	$1,335 (±$782)
1 bedroom	$876 (±$473)
2 bedrooms	$1,472 (±$78)
3 bedrooms	$1,884 (±$179)
4 bedrooms	$2,067 (±$702)

Rent burden in ZIP code 27516

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	ZIP 27516	Orange County	North Carolina	United States
Less than 15%	8.0% (±3.0 points)	10.8%	14.1%	12.6%
15% to 19.9%	7.8% (±2.4 points)	9.9%	12.6%	12.2%
20% to 24.9%	13.3% (±5.0 points)	11.8%	13.2%	12.6%
25% to 29.9%	9.5% (±3.8 points)	9.4%	11.3%	11.5%
30% to 34.9%	7.5% (±3.4 points)	9.6%	9.3%	9.2%
35% or more	54.0% (±5.7 points)	48.5%	39.6%	41.9%

61.5% (±6.6 points) of renting households in ZIP code 27516 spend 30% or more of their income on gross rent.

Home values in ZIP code 27516

Owner-occupied homes by value, 2020–2024
Value	ZIP 27516	Orange County	North Carolina	United States
Less than $50,000	1.4% (±0.7 points)	4.6%	5.9%	5.3%
$50,000 to $99,999	0.6% (±0.5 points)	1.6%	6.8%	6.1%
$100,000 to $149,999	0.9% (±0.5 points)	2.8%	8.3%	6.8%
$150,000 to $199,999	2.0% (±0.9 points)	4.2%	10.6%	9.0%
$200,000 to $299,999	9.1% (±1.8 points)	13.4%	20.5%	17.8%
$300,000 to $499,999	26.5% (±3.0 points)	29.4%	28.3%	26.9%
$500,000 to $999,999	48.8% (±3.1 points)	33.3%	16.3%	20.9%
$1,000,000 or more	10.7% (±2.1 points)	10.6%	3.3%	7.1%

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

The homes in ZIP code 27516

Housing units by units in structure, 2020–2024
Building type	ZIP 27516	Orange County	North Carolina	United States
Single-family, detached	71.0% (±2.2 points)	59.3%	65.3%	61.3%
Single-family, attached (townhouse, rowhouse)	7.5% (±1.3 points)	8.9%	4.8%	6.2%
2 units	2.5% (±0.6 points)	2.0%	2.0%	3.4%
3 or 4 units	2.5% (±0.9 points)	2.6%	2.7%	4.3%
5 to 9 units	2.5% (±0.8 points)	5.6%	4.0%	4.5%
10 to 19 units	4.3% (±1.2 points)	6.4%	4.2%	4.3%
20 or more units	6.5% (±1.5 points)	9.9%	6.0%	10.3%
Mobile home	3.0% (±0.9 points)	5.2%	11.0%	5.6%
Boat, RV, van, etc.	0.0% (±0.2 points)	0.0%	0.1%	0.1%

When the homes in ZIP code 27516 were built

Housing units by year structure built, 2020–2024
Year built	ZIP 27516	Orange County	North Carolina	United States
2020 or later	2.1% (±0.9 points)	2.2%	3.0%	2.0%
2010 to 2019	24.3% (±2.2 points)	14.2%	13.5%	9.4%
2000 to 2009	17.2% (±2.3 points)	16.2%	18.6%	13.6%
1990 to 1999	17.3% (±1.9 points)	17.1%	16.9%	12.4%
1980 to 1989	14.7% (±1.8 points)	18.7%	14.0%	12.9%
1970 to 1979	11.4% (±1.9 points)	12.3%	12.0%	14.2%
1960 to 1969	4.8% (±1.2 points)	7.9%	7.8%	9.9%
1950 to 1959	3.4% (±1.1 points)	5.6%	6.1%	9.5%
1940 to 1949	1.9% (±0.7 points)	1.9%	3.1%	4.4%
1939 or earlier	2.9% (±1.1 points)	3.8%	4.9%	11.7%

24.4% of the homes in ZIP code 27516 were built before 1980, so many fall under the federal lead-paint disclosure rules for homes built before 1978.

Heating fuel in ZIP code 27516

Occupied housing units by house heating fuel, 2020–2024
Fuel used most	ZIP 27516	Orange County	North Carolina	United States
Utility gas	41.7% (±2.7 points)	30.2%	24.5%	46.5%
Fuel oil, kerosene, etc.	0.2% (±0.2 points)	0.4%	2.0%	3.9%
Electricity	50.6% (±3.0 points)	60.5%	65.5%	41.3%
Bottled or tank gas (propane)	5.9% (±1.1 points)	7.2%	6.0%	4.9%
Wood	0.9% (±0.4 points)	0.9%	1.1%	1.4%
Solar energy	0.3% (±0.2 points)	0.2%	0.1%	0.3%
Coal or coke	0.1% (±0.1 points)	0.0%	0.0%	0.1%
Other fuel	0.3% (±0.3 points)	0.3%	0.2%	0.5%
No fuel used	0.1% (±0.1 points)	0.4%	0.7%	1.2%

How people in ZIP code 27516 get to work

Workers 16 and over by means of transportation to work, 2020–2024
Means of transportation	ZIP 27516	Orange County	North Carolina	United States
Drove alone	54.8% (±2.4 points)	55.3%	71.5%	68.8%
Carpooled	3.4% (±0.8 points)	6.2%	8.5%	8.5%
Public transportation	3.6% (±1.1 points)	4.2%	0.7%	3.2%
Walked	3.5% (±1.1 points)	4.4%	1.6%	2.4%
Other means (bicycle, taxi, motorcycle)	2.8% (±1.1 points)	3.1%	1.5%	2.0%
Worked from home	31.9% (±2.3 points)	26.8%	16.3%	15.1%

Workers who live in ZIP code 27516 take an average of 24.1 minutes to get to work.

ZIP codes near 27516

Nearest ZIP codes with Census figures, by straight-line distance between their internal points
ZIP code	Distance	Median gross rent	Median home value	Median household income	Households that rent
27510	4.1 mi	$1,476	$449,700	$61,837	72.3%
27514	7.1 mi	$1,626	$663,900	$92,875	51.4%
27517	8.2 mi	$1,638	$608,100	$128,683	32.6%
27340	9.1 mi	—	—	—	69.4%
27312	11 mi	$1,272	$467,900	$103,104	19.5%
27243	11 mi	$858	$298,600	$84,348	6.8%
27253	12 mi	$1,041	$235,800	$62,774	33.5%
27707	12 mi	$1,431	$407,800	$74,406	52.3%

ZIP code 27516 is reported as ZIP Code Tabulation Area 27516: the Census Bureau’s area built from census blocks to match the ZIP code’s delivery area as closely as it can.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about ZIP 27516

What is the median rent in ZIP code 27516?

The median gross rent in ZIP Code Tabulation Area 27516 is $1,564 (±$111) a month (2020–2024 American Community Survey).

What is the median home value in ZIP code 27516?

The median value of owner-occupied homes in ZIP code 27516 is $567,200 (±$17,248) (2020–2024 American Community Survey).

What is the median household income in ZIP code 27516?

The median household income in ZIP code 27516 is $106,353 (±$7,545) a year (2020–2024 American Community Survey).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for ZCTA5 27516 (zip code tabulation area:27516).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0134E, DP04_0134M, DP04_0089E, DP04_0089M, DP03_0062E, DP03_0062M, DP04_0047PE, DP04_0047PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.