Housing in Wake County, North Carolina

The median home cost in Wake County is $288,600. Home appreciation the last 10 years has been 30.5%. Home Appreciation in Wake County is up 7.6%. Browse Wake County Real Estate

Average Age of Homes

- The median age of Wake County real estate is 19 years old

The Rental Market in Wake County

- Renters make up 32.4% of the Wake County population
- 2.0% of houses and apartments in Wake County, are available to rent

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DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

HOUSING	Wake, North Carolina	United States
Median Home Age	23	40
Median Home Cost	$288,600	$231,200
Home Appr. Last 12 months	7.6%	6.7%
Home Appr. Last 5 yrs.	36.4%	35.6%
Home Appr. Last 10 yrs.	30.5%	27.4%
Property Tax Rate	$8.82	$11.78
Property Taxes Paid	$2,545	$2,724
Homes Owned	59.5%	56.0%
Housing Vacant	7.2%	12.2%
Homes Rented	33.3%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,459	$1,470
Studio Apartment	$846	$821
1 Bedroom Home or Apartment	$949	$930
2 Bedroom Home or Apartment	$1,086	$1,148
3 Bedroom Home or Apartment	$1,396	$1,537
4 Bedroom Home or Apartment	$1,764	$1,791
VACANT HOUSING
Vacant For Rent	2.0%	2.1%
Vacant Rented	1.1%	0.5%
Vacant For Sale	0.8%	1.0%
Vacant Sold	0.4%	0.5%
Vacant Vacation	0.4%	4.0%
Vacant Other	2.5%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	2.2%	3.5%
$20,000 to $39,999	0.8%	3.1%
$40,000 to $59,999	0.5%	3.9%
$60,000 to $79,999	0.9%	5.4%
$80,000 to $99,999	1.8%	6.3%
$100,000 to $149,999	12.4%	14.7%
$150,000 to $199,999	17.2%	14.6%
$200,000 to $299,999	26.0%	18.7%
$300,000 to $399,999	17.9%	11.0%
$400,000 to $499,999	9.6%	6.2%
$500,000 to $749,999	7.4%	7.0%
$750,000 to $999,999	2.1%	2.7%
$1,000,000 to $1,499,999	0.7%	1.5%
$1,500,000 to $1,999,999	0.3%	0.5%
$2,000,000 and over	0.3%	0.7%