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Wake County

Learn about the people, housing, costs and businesses in Wake County County

Median Home$482,705
Median Rent$1,707/month
Population1,178,653
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services18% arts, food & hospitality
Home Value Growth⬆⬆+17.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners64% of occupied units
NotableHighly Educated34% bachelor's · 17% graduate · top 1% nationally
NotableHigh Incomes$114k/year · top 3% nationally
Wake County
NC

Frequently Asked Questions

What are today's mortgage rates in Wake County?

As of today, the 30-year fixed mortgage rate for Wake County is approximately 6.938% (6.962% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Wake County
What is the median home price in Wake County?

The median home value in Wake County is $483k. The median monthly rent is $1,707. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wake County?

Home values in Wake County have increased 17.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wake County?

Based on a typical all-in ownership cost of $1,746/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wake County is $114k/year.

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What industries drive the economy in Wake County?

The largest employment sectors in Wake County are healthcare (22%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas