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Single Family ResidenceResidential
$680,744$262 / 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 90How 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

8701 PENNY RD

RALEIGH, NC 27606
2
Baths
2,599 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.
2.67 ac
Lot SizeThe size of the land the home sits on, from county records.
1957
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$681K
$616K low$746K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,063 (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.$632,105 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$260,280
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$371,825
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$632,105
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$632,105

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.
17
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.Ranch
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.2024
Lot (acres)The size of the land the home sits on, from county records.2.67
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.Porch · 90 ft²

Transaction History(1)

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.

M
Dillard Drive Magnet Middle SchoolB
Middle · Grades 6–8 · 3.5 mi
H
Athens Drive Magnet High SchoolA-
High · Grades 9–12 · 4.8 mi
E
Swift Creek Elementary SchoolA-
Elementary · Grades PK–5 · 6.5 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%

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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

8701 Penny Rd 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 more than 76% of homes in Raleigh 27606
  • Costs more per square foot than 69% of homes in Wake County
  • Bigger than 75% of homes in Raleigh 27606
  • Has a bigger lot than 98% of homes in Wake County
  • Older than 95% 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 76% 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$680,744
CheaperTypical $441,786Pricier

Pricier than 76% of homes nearby

Price per ft²$262
CheaperTypical $243Pricier

Pricier than 62% of homes nearby

Living area2,599 ft²
SmallerTypical 1,769 ft²Bigger

Bigger than 75% of homes nearby

Lot size2.67 ac
SmallerTypical 0.36 acBigger

Bigger than 96% of homes nearby

Year built1957
OlderTypical 1986Newer

Newer than 8% of homes nearby

How 8701 Penny Rd ranks against every home in each area.
MeasureThis homeRaleigh 27606Wake County
Estimated valuepricier than$680,74476% of homes74% of homes
Price per ft²pricier than$26262% of homes69% of homes
Living areabigger than2,599 ft²75% of homes68% of homes
Lot sizebigger than2.67 ac96% of homes98% of homes
Year builtnewer than19578% of homes5% of homes

About 8701 Penny Rd

How much is 8701 Penny Rd, Raleigh, NC worth?

The TopHap Estimate for 8701 Penny Rd, Raleigh, NC is $680,744 as of Jul 14, 2026. The likely range is $615,575 to $745,913. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 8701 Penny Rd, Raleigh, NC last sell?

8701 Penny Rd, Raleigh, NC last sold on Jul 18, 2011, according to the county's recorded deed.

How big is 8701 Penny Rd, Raleigh, NC?

8701 Penny Rd, Raleigh, NC has 2 bathrooms, 2,599 square feet of living space and a 2.67-acre lot.

When was 8701 Penny Rd, Raleigh, NC built?

8701 Penny Rd, Raleigh, NC was built in 1957, making it 69 years old. It is a ranch home. The building has 1 story.

What schools serve 8701 Penny Rd, Raleigh, NC?

8701 Penny Rd, Raleigh, NC is assigned to Dillard Drive Magnet Middle School (middle), rated B; Athens Drive Magnet High School (high), rated A-; Swift Creek Elementary School (elementary), rated A-. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 8701 Penny Rd, Raleigh, NC compare to other homes in Raleigh 27606?

Among the 11,329 homes in Raleigh 27606, it is worth more than 76% of them ($680,744 against a typical $441,786), its price per square foot is higher than 62% of them ($262 against a typical $243), it is bigger than 75% of them (2,599 ft² against a typical 1,769 ft²), its lot is bigger than 96% of them (2.67 ac against a typical 0.36 ac) and it is newer than 8% of them (1957 against a typical 1986). Measured against all of Wake County, it is worth more than 74% 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 8701 Penny Rd, Raleigh, NC?

The 2025 property tax bill for 8701 Penny Rd, Raleigh, NC was $4,063. The county assessed it at $632,105.

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Assigned schools

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