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Wake County Housing Market

North Carolina · 100 counties · Ranked #2950 in home value

Above National Avg

Housing at a Glance

Median Home Value

$422,800

vs national+$422,800 vs $281,900 national

Median Gross Rent

$1,508/mo

vs national+$1,508 vs $1,163 national

Effective Tax Rate

0.71%

vs national0.71% vs 1.02% national

Median Household Income

$101,763

vs national+$101,763 vs $74,755 national

Affordability Ratio

4.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,023

Tax as % of Home Value

0.71%

Monthly Owner Cost

$1,667

Renter Income

$61,376

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Wake County?

The median home value in Wake County is $422,800. This is above the national median of $281,900.

How much is rent in Wake County?

The median gross rent in Wake County is $1,508 per month.

What is the property tax rate in Wake County?

The effective property tax rate in Wake County is 0.71%. The median annual property tax bill is $3,023.

Is Wake County affordable?

With a home-value-to-income ratio of 4.2x, Wake County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.