Wake Forest, NC Real Estate
According to census data in the year 2000 there were 5,081 housing units in Wake Forest.
This represents a 121% growth from 2,299 in 1990.
Of those housing units, 4,996 were located in either urbanized areas or urban clusters, and 85 were located in what is classified as a rural area.
Homeownership rate in Wake Forest is about 63.2%.
Wake Forest's vacancy rate, including seasonal lodging, is about 9%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Wake Forest were built after 1993.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.10% |
| Two Bedrooms | 25.40% |
| Three Bedrooms | 46.30% |
| Four Bedrooms | 16.70% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1994 |
| Median Value of occupied units | $143,500 |
| Median Price asked for vacant units | $169,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1990 |
| Median Monthly Rent asked for vacant units | $600 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 14.90% |
| Simple Mortgage | 63.80% |
| Debt Free | 13.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
