Market Overview
Home Prices in Wake Forest, NC
The median home value in Wake Forest, NC is $515,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.5% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wake Forest are priced26% above average. Wake Forest is part of the Raleigh-Cary, NC metro area.
Over the past five years, Wake Forest home values have risen by approximately27.1%, reflecting strong long-term appreciation in this market.
Price History
Wake Forest Home Price Trend
City Comparison
Wake Forest vs. National Median
At $515,729, homes in Wake Forest cost 26% above the national median of $410,000. Buyers in Wake Forest should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Wake Forest?
20% Down Payment
$103,146
on $515,729
Monthly P&I
$2,690/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,416/mo
incl. taxes & insurance
Income Needed
$136,640
gross annual (30% rule)
10% Down Option
$51,573
+ PMI applies
Loan Amount (20% dn)
$412,583
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Wake Forest, NC?
The median home value in Wake Forest is $515,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.5% year-over-year.
How much have home prices changed in Wake Forest?
Over the past year, home values in Wake Forest have decreased by 1.5%. Over five years, prices have risen approximately 27.1%.
How much do I need to earn to buy a home in Wake Forest?
To comfortably afford the median home price of $515,729 with a 20% down payment ($103,146) at today's rates (6.8%), you'd need a gross annual income of approximately $136,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Wake Forest compare to the national average home price?
The national median home value is approximately $410,000. At $515,729, homes in Wake Forest are 26% above the national average.
What metro area is Wake Forest part of?
Wake Forest is part of the Raleigh-Cary, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.