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Single Family ResidenceResidential
$336,312$163 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $633,500 on Apr 24, 2025

1516 GORMAN ST

RALEIGH, NC 27606
4
Baths
2,066 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.11 ac
Lot SizeThe size of the land the home sits on, from county records.
2020
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$336K
$311K low$362K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$633,500 · Apr 24, 2025
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$0
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$0
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$6,940,000
FIRST FLIGHT FCU · recorded Apr 24, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,776 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$659,995 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$300,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$359,995
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$659,995
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$659,995

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.12
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
14
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Conventional
CountyWake
Lot (acres)The size of the land the home sits on, from county records.0.11
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Combs Magnet Elementary SchoolA
Elementary · Grades PK–5 · 0.8 mi
M
Centennial Magnet Middle SchoolD-
Middle · Grades 6–8 · 1.4 mi
H
Athens Drive Magnet High SchoolA-
High · Grades 9–12 · 1.4 mi

District: Wake County Schools

Neighborhood · ZIP 27606These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.126
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.87
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.40

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.34%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.14%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.56,581
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,207 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$73,296
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$91,181
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.Yes

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1516 Gorman St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 77% of homes in Wake County
  • Costs less per square foot than 94% of homes in Raleigh 27606
  • Bigger than 76% of homes in West Raleigh
  • Has a smaller lot than 79% of homes in Wake County
  • Newer than 96% of homes in West Raleigh

What homes are worth in Raleigh 27606

Each bar is how many homes fall in that price range. The marker is this home.

This home
$93K$1.4M

This home is worth more than 33% of homes in Raleigh 27606.

How it measures up in Raleigh 27606

The dot is this home. The mark in the middle is the typical home in Raleigh 27606.

Estimated value$336,312
CheaperTypical $421,390Pricier

Pricier than 33% of homes nearby

Price per ft²$163
CheaperTypical $241Pricier

Pricier than 6% of homes nearby

Living area2,066 ft²
SmallerTypical 1,777 ft²Bigger

Bigger than 60% of homes nearby

Lot size0.11 ac
SmallerTypical 0.36 acBigger

Bigger than 29% of homes nearby

Year built2020
OlderTypical 1986Newer

Newer than 95% of homes nearby

How 1516 Gorman St ranks against every home in each area.
MeasureThis homeWest RaleighRaleigh 27606Wake County
Estimated valuepricier than$336,31246% of homes33% of homes23% of homes
Price per ft²pricier than$1637% of homes6% of homes7% of homes
Living areabigger than2,066 ft²76% of homes60% of homes48% of homes
Lot sizebigger than0.11 ac44% of homes29% of homes21% of homes
Year builtnewer than202096% of homes95% of homes88% of homes

About 1516 Gorman St

How much is 1516 Gorman St, Raleigh, NC worth?

The TopHap Estimate for 1516 Gorman St, Raleigh, NC is $336,312 as of Jul 14, 2026. The likely range is $310,677 to $361,947. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1516 Gorman St, Raleigh, NC last sell?

1516 Gorman St, Raleigh, NC last sold on Apr 24, 2025 for $633,500, according to the county's recorded deed.

How big is 1516 Gorman St, Raleigh, NC?

1516 Gorman St, Raleigh, NC has 4 bathrooms, 2,066 square feet of living space and a 0.11-acre lot.

When was 1516 Gorman St, Raleigh, NC built?

1516 Gorman St, Raleigh, NC was built in 2020, making it 6 years old. It is a conventional home. The building has 2 stories.

What schools serve 1516 Gorman St, Raleigh, NC?

1516 Gorman St, Raleigh, NC is assigned to Combs Magnet Elementary School (elementary), rated A; Centennial Magnet Middle School (middle), rated D-; Athens Drive Magnet High School (high), rated A-. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1516 Gorman St, Raleigh, NC compare to other homes in Raleigh 27606?

Among the 11,327 homes in Raleigh 27606, it is worth more than 33% of them ($336,312 against a typical $421,390), its price per square foot is higher than 6% of them ($163 against a typical $241), it is bigger than 60% of them (2,066 ft² against a typical 1,777 ft²), its lot is bigger than 29% of them (0.11 ac against a typical 0.36 ac) and it is newer than 95% of them (2020 against a typical 1986). Measured against all of Wake County, it is worth more than 23% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1516 Gorman St, Raleigh, NC?

The 2025 property tax bill for 1516 Gorman St, Raleigh, NC was $5,776. The county assessed it at $659,995.

Closest homes

More homes in Raleigh 27606

Assigned schools

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