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Wake Forest

Learn about the people, housing, costs and businesses in Wake Forest, North Carolina

Median Home$461,584
Median Rent$1,475/month
Population52,601
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Home Value Growth⬆⬆+11.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners72% of occupied units
NotableHighly Educated32% bachelor's · 16% graduate · top 6% nationally
NotableHigh Incomes$114k/year · top 11% nationally
Wake Forest
NC

Frequently Asked Questions

What are today's mortgage rates in Wake Forest?

As of today, the 30-year fixed mortgage rate for Wake Forest is approximately 6.869% (6.904% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wake Forest?

The median home value in Wake Forest is $462k. The median monthly rent is $1,475. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wake Forest?

Home values in Wake Forest have increased 11.7% 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 Forest?

Based on a typical all-in ownership cost of $1,811/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wake Forest is $114k/year.

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What industries drive the economy in Wake Forest?

The largest employment sectors in Wake Forest are public administration (25%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.