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Wake Forest, NC
Full City Profile · North Carolina · Wake County County
3.9
/5.0
B+
Good
51,199
Population
2,575/sq mi density
$120,777
Median Income
$49,241 per capita
$435,000
Home Value
$507,778 Zillow
$1,458
Median Rent
24.7% income on rent
58°F
Avg Temperature
310 sunny days/yr
52
Violent Crime/100K
852 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$120,777 median income, 3.1% unemployment
A+
Affordability
4.7 / 5.0
$435,000 home value, $1,458/mo rent
F
Safety
1.0 / 5.0
52 violent crimes/100K
A+
Education
5.0 / 5.0
57.8% bachelor's degree or higher
Housing Overview
Median Home Value
$435,000
54% above
US avg: $281,900
Median Rent
$1,458/mo
25% above
US avg: $1,163/mo
Homeownership Rate
74.7%
14% above US avg (65.4%)
Total Housing Units
17,754
Median year built: 2006
Home Value by Source
Census Median
$435,000
Zillow (ZHVI)
$507,778
Median Sale Price
$470,000
Median List Price
$435,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.7%
Owner-Occupied
25.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$1,458/mo
· Zillow rent:
$1,800/mo
Market Indicators (Redfin)
Median Days on Market
82 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
63
Price Drops
34.7%
of listings with price reduction
Price Per Sq Ft
$191
Active Inventory
222
homes for sale
Affordability & Housing Stock
Rent Burden
24.7%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
2006
Average age of housing stock: 20 years
Homeownership Rate
74.7%
Complete Housing Data
Home Values
| Census Median Value | $435,000 |
| Zillow Home Value (ZHVI) | $507,778 |
| Median Sale Price | $470,000 |
| Median List Price | $435,000 |
| Price Per Sq Ft | $191 |
Rent
| Census Median Rent | $1,458 |
| Zillow Rent (ZORI) | $1,800 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
| Days on Market | 82 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 34.7% |
| Homes Sold | 63 |
| Active Inventory | 222 |
| Price Per Sq Ft | $191 |
Ownership & Stock
| Owner-Occupied | 74.7% |
| Renter-Occupied | 25.3% |
| Homeownership Rate | 74.7% |
| Total Housing Units | 17,754 |
| Median Year Built | 2006 |
| Rent Burden | 24.7% |