The housing market in Wake Forest, NC (zip code 27587) has been thriving due to its proximity to major cities like Raleigh and Durham. The current median value of homes here is $502,700, which is significantly higher than the US house median value of $338,100. This means that home values have appreciated much more quickly in Wake Forest than the national average. In fact, over the past year, house appreciation in this area has been 15.26%, double that of the US average appreciation rate of 8.27%. This makes Wake Forest a desirable destination for real estate investors as well as potential homeowners looking for a safe investment.
The median home cost in Wake Forest (zip 27587) is $502,700. Home appreciation the last 10 years has been 108.1%. Home Appreciation in Wake Forest (zip 27587) is up 25.0%.
Average Age of Homes
- The median age of Wake Forest (zip 27587) real estate is 18 years old
The Rental Market in Wake Forest (zip 27587)
- Renters make up 19.2% of the Wake Forest (zip 27587) population
- 0.6% of houses and apartments in Wake Forest (zip 27587), are available to rent
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.