Best In North Carolina Real Estate™: The Triangle

23.1% of the Triangle’s large apartment stock is concentrated in just three ZIP codes — a structural imbalance with lasting consequences. This data from ALEX Intelligence reveals a market where supply is not just scarce, but hyper-concentrated, creating deep inequities in access and opportunity. The top three ZIPs — 27609, 27701, and 27705 — hold over a fifth of the region’s large apartment units, a pattern that reinforces existing disparities in housing access. This isn’t about total volume; it’s about distribution. The concentration reflects a feedback loop where high demand fuels more development in the same corridors, while other areas remain underserved. This is not a policy failure — it’s a market outcome shaped by decades of investment patterns. What does this mean for future growth? For equity? For affordability? The data is clear: supply isn’t just uneven — it’s locked in place. Share of the Market's Large Apartment Stock in Its Top Three Zip Codes, top 10 (ALEX Intelligence — U.S. Census Bureau 2024) #1 ZIP 27609 — 4,019 #2 ZIP 27701 — 3,741 #3 ZIP 27705 — 3,647 #4 ZIP 27603 — 3,159 #5 ZIP 27612 — 3,004 #6 ZIP 27604 — 1,999 #7 ZIP 27560 — 1,951 #8 ZIP 27607 — 1,837 #9 ZIP 27605 — 1,726 #10 ZIP 27601 — 1,696 Photos via Wikimedia Commons: Slide 1: Ke4roh (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=93722159; Slide 2: James Willamor (CC BY-SA 3.0) https://commons.wikimedia.org/?curid=57353631; Slide 3: Pithon314 (CC0) https://commons.wikimedia.org/?curid=180930837; Slide 4: Pithon314 (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=100496945 Source: https://alex-companies.com/data/2026-11-15-triangle-concentration-apartment-units-zcta View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. Real Estate Strategy & Intelligence Leader. Democratized Blue Ocean Strategist & Operator. Diane Hart Alexander, MBA, MHA Chair & CEO, ALEX Companies Designated Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574877-B · Broker License #565194-BB [email protected] · +1 713.591.9902