Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$397,582$261 / 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 $277,000 on Oct 26, 2018

5501 MILLRACE TRL

RALEIGH, NC 27606
2
Baths
1,522 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.
0.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1988
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$398K
$366K low$429K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$277,000 · Oct 26, 2018

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,750 (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.$426,802 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$150,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$276,802
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$426,802
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$426,802

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.32
94
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
23
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.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.151 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
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
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2015
Lot (acres)The size of the land the home sits on, from county records.0.19
ConstructionThe main material the home's frame and walls are built from.Brick
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
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 80 ft²Porch · 144 ft²

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

E
Yates Mill Elementary SchoolB+
Elementary · Grades PK–5 · 0.9 mi
M
Dillard Drive Magnet Middle SchoolB
Middle · Grades 6–8 · 1.7 mi
H
Athens Drive Magnet High SchoolA-
High · Grades 9–12 · 2.8 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%

Owner Tools

Do you own this home?
Claim this home

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

5501 Millrace Trl 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 67% of homes in Wake County
  • Costs more per square foot than 69% of homes in Wake County
  • Smaller than 77% of homes in Wake County
  • Older than 72% of homes in Wake County

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 42% 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$397,582
CheaperTypical $447,019Pricier

Pricier than 42% of homes nearby

Price per ft²$261
CheaperTypical $243Pricier

Pricier than 62% of homes nearby

Living area1,522 ft²
SmallerTypical 1,772 ft²Bigger

Bigger than 39% of homes nearby

Lot size0.19 ac
SmallerTypical 0.36 acBigger

Bigger than 37% of homes nearby

Year built1988
OlderTypical 1987Newer

Newer than 54% of homes nearby

How 5501 Millrace Trl ranks against every home in each area.
MeasureThis homeRaleigh 27606Wake County
Estimated valuepricier than$397,58242% of homes33% of homes
Price per ft²pricier than$26162% of homes69% of homes
Living areabigger than1,522 ft²39% of homes23% of homes
Lot sizebigger than0.19 ac37% of homes38% of homes
Year builtnewer than198854% of homes28% of homes

About 5501 Millrace Trl

How much is 5501 Millrace Trl, Raleigh, NC worth?

The TopHap Estimate for 5501 Millrace Trl, Raleigh, NC is $397,582 as of Jul 14, 2026. The likely range is $365,776 to $429,388. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5501 Millrace Trl, Raleigh, NC last sell?

5501 Millrace Trl, Raleigh, NC last sold on Oct 26, 2018 for $277,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 5501 Millrace Trl, Raleigh, NC?

5501 Millrace Trl, Raleigh, NC has 2 bathrooms, 1,522 square feet of living space and a 0.19-acre lot.

When was 5501 Millrace Trl, Raleigh, NC built?

5501 Millrace Trl, Raleigh, NC was built in 1988, making it 38 years old. It is a conventional home. The building has 1 story.

What schools serve 5501 Millrace Trl, Raleigh, NC?

5501 Millrace Trl, Raleigh, NC is assigned to Yates Mill Elementary School (elementary), rated B+; Dillard Drive Magnet Middle School (middle), rated B; 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 5501 Millrace Trl, Raleigh, NC compare to other homes in Raleigh 27606?

Among the 11,328 homes in Raleigh 27606, it is worth more than 42% of them ($397,582 against a typical $447,019), its price per square foot is higher than 62% of them ($261 against a typical $243), it is bigger than 39% of them (1,522 ft² against a typical 1,772 ft²), its lot is bigger than 37% of them (0.19 ac against a typical 0.36 ac) and it is newer than 54% of them (1988 against a typical 1987). Measured against all of Wake County, it is worth more than 33% 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 5501 Millrace Trl, Raleigh, NC?

The 2025 property tax bill for 5501 Millrace Trl, Raleigh, NC was $2,750. The county assessed it at $426,802.

More homes on Millrace Trl

Closest homes

More homes in Raleigh 27606

Assigned schools

Explore the area

See this home in context

Open 5501 Millrace Trl on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map