Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wake Forest area can be challenging. Home prices in Wake Forest are now at a median cost of $345,455, higher than the North Carolina average of $226,477.
The average cost of rent is $1,221/mo in Wake Forest, primarily driven by the current value of real estate in the Wake Forest area. While nearly 22.43% of residents own their homes outright in Wake Forest, 21.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wake Forest is $9,338 per month. Households that rent pay about 13.07% of their income on rent here. Wake Forest's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Rolesville, NC: equally priced homes
- Youngsville, NC: less expensive homes
- Grissom, NC: less expensive homes
- Raleigh, NC: less expensive homes
- Katesville, NC: less expensive homes
- North Side, NC: less expensive homes
- Zebulon, NC: less expensive homes
- Bunn, NC: less expensive homes
- Louisburg, NC: less expensive homes
- Gorman, NC: less expensive homes
Cities with Similar Populations
- Vernon, OH: less expensive homes
- Veseli, MN: higher priced homes
- Warren, OH: less expensive homes
- Walker, WV: less expensive homes
- Wabeno, WI: less expensive homes
- Wabun, VA: less expensive homes
- Wabuska, NV: less expensive homes
- Watson, AL: less expensive homes
- Wacissa, FL: less expensive homes
- Warrensville, NC: less expensive homes
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