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.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom9.10%
Two Bedrooms25.40%
Three Bedrooms46.30%
Four Bedrooms16.70%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1994
Median Value of occupied units$143,500
Median Price asked for vacant units$169,400

Rented Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1990
Median Monthly Rent asked for vacant units$600

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.40%
Home Equity Loan14.90%
Simple Mortgage63.80%
Debt Free13.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22%