Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wake area can be challenging. Home prices in Wake are now at a median cost of $267,003, lower than the Virginia average of $323,261.
The average cost of rent is $763/mo in Wake, primarily driven by the current value of real estate in the Wake area. While nearly 39.60% of residents own their homes outright in Wake, 6.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wake is $5,565 per month. Households that rent pay about 13.70% of their income on rent here. Wake's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Topping, VA: less expensive homes
- Christchurch, VA: less expensive homes
- Hartfield, VA: higher priced homes
- Hardyville, VA: higher priced homes
- Locust Hill, VA: less expensive homes
- Deltaville, VA: equally priced homes
- Dutton, VA: equally priced homes
- Freeport, VA: less expensive homes
- Cobbs Creek, VA: equally priced homes
- Stormont, VA: equally priced homes
Cities with Similar Populations
- Ryan, OK: less expensive homes
- Lovell, ME: less expensive homes
- Lowry, MN: equally priced homes
- Madrid, AL: less expensive homes
- Maplewood, OH: less expensive homes
- Marbleton, WY: equally priced homes
- Addieville, IL: less expensive homes
- Mark, IL: less expensive homes
- Nadine, NM: less expensive homes
- New Albin, IA: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood