The Most Affordable Neighborhoods in Wake County, NC by Home Value

 

Wake County, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Wake County area can be challenging. Home prices in Wake County are now at a median cost of $489,538, higher than the North Carolina average of $323,314.

The average cost of rent is $1,758/mo in Wake County, primarily driven by the current value of real estate in the Wake County area. In Wake County, 35.88% of households rent, and 26.99% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Wake County is $9,904 per month. Households that rent pay about 17.74% of their income on rent here. Wake County’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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