Wake Forest, NC housing market
Typical home value
$504K
▼ 1.0% 1 yr
Typical rent
$1,798/mo
▲ 2.9% 1 yr
Gross rent yield
4.3%
U.S. 6.3%
5-year home value change
+18%
U.S. +20%
Key takeaways
- 1The typical home in Wake Forest is worth $504,021, down 1.0% over the past year and up 18% over five years.
- 2Typical rent is $1,798 a month (+2.9% YoY), a gross rent yield of 4.3% (below the Raleigh, NC metro's 4.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,770/mo, $972 more than typical rent.
- 4Zillow forecasts the Raleigh, NC metro's home values to change −0.5% over the next 12 months.
Market temperature (Raleigh, NC metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 29/100, #449 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Wake Forest compares
| Measure | Wake Forest | Raleigh, NC metro | United States |
|---|---|---|---|
| Typical home value | $504,021 | $428,267 | $366,157 |
| Home value, 1-yr change | −1.0% | −1.7% | +1.2% |
| Typical rent | $1,798 | $1,669 | $1,932 |
| Rent, 1-yr change | +2.9% | +1.4% | +2.7% |
| Gross rent yield | 4.3% | 4.7% | 6.3% |
| Price-to-rent ratio | 23.4 | 21.4 | 15.8 |
| Mortgage P&I, typical home | $2,770 | $2,354 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Wake Forest rental, pre-filled.
Rent vs buy in Wake Forest
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $504K home.
Landlord in North Carolina? See North Carolina deposit, late fee and notice rules.
Other cities in the Raleigh, NC metro
Raleigh, NC
$425K home$1,572 rent
▼ 1.7% 1 yr
Cary, NC
$613K home$1,768 rent
▼ 1.3% 1 yr
Apex, NC
$589K home$1,947 rent
▼ 1.6% 1 yr
Clayton, NC
$361K home$1,797 rent
▼ 1.6% 1 yr
Garner, NC
$378K home$1,853 rent
▼ 1.8% 1 yr
Holly Springs, NC
$573K home$1,890 rent
▼ 0.7% 1 yr
Morrisville, NC
$472K home$1,650 rent
▼ 4.7% 1 yr
Knightdale, NC
$361K home$1,698 rent
▼ 2.0% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.