Rental market snapshot for Wake Forest, North Carolina

Wake Forest, North Carolina Rental Property Market Overview

Wake Forest, North Carolina is a vibrant town located in the heart of the Triangle region. According to the US Census, the population of Wake Forest is 49,657 as of 2021. Wake Forest is home to a variety of businesses, restaurants, and entertainment venues, making it a great place to live and work. The town is also known for its excellent school system and its commitment to preserving its historic downtown area. With its convenient location and diverse population, Wake Forest is a great place to call home.

The average rent for an apartment in Wake Forest is $2,140. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Wake Forest North Carolina | Cost of Living

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  • The most expensive ZIP code in Wake Forest is 27587 with an average price of $2,095.
  • The cheapest ZIP code in Wake Forest is 27597 with an average price of $1,990.

Wake Forest ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
127587$2,095
227597$1,990

Live near Wake Forest, North Carolina's Top Sights and Attractions

Heritage High Park is a beautiful outdoor space located in Wake Forest, North Carolina. It features a variety of activities for visitors to enjoy, including walking trails, a playground, picnic areas, and a disc golf course. The park also has a large pond, which is home to a variety of wildlife, including ducks, geese, and turtles. The park is a great place to spend a day outdoors, with plenty of room to explore and relax.

Rock Spring Park is a beautiful outdoor destination located in Wake Forest, North Carolina. It features a variety of recreational activities, including a playground, walking trails, picnic areas, and a lake. The park also offers a variety of wildlife viewing opportunities, including a variety of birds, turtles, and other wildlife. The park is a great place to spend a day outdoors, with plenty of space to explore and enjoy the natural beauty of the area.

J B Flaherty Park is a beautiful outdoor recreation area located in Wake Forest, North Carolina. It features a variety of amenities, such as a playground, picnic shelters, walking trails, a disc golf course, and a lake with a fishing pier. The park also has a large open field, perfect for playing sports or just enjoying a leisurely stroll. With its lush green grass and picturesque views, J B Flaherty Park is a great place to spend a day outdoors.

E Carroll Joyner Park is a sprawling, lush green space located in Wake Forest, North Carolina. It features a variety of outdoor activities, including walking trails, a playground, a pond, and a disc golf course. The park also has a picnic area, a pavilion, and a large open field perfect for playing sports or having a picnic. The park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movies.

Smith Creek Greenway is a scenic walking and biking trail located in Wake Forest, North Carolina. The trail is approximately 4.5 miles long and winds through a variety of natural habitats, including wetlands, hardwood forests, and meadows. Along the way, visitors can enjoy views of Smith Creek, a tributary of the Neuse River, as well as a variety of wildlife. The trail also features several benches, picnic tables, and interpretive signs that provide information about the area's natural history.

Forest Ridge Park is a beautiful outdoor destination located in Wake Forest, North Carolina. It features a variety of amenities, including a playground, picnic shelters, walking trails, and a pond. The park also has a disc golf course, a basketball court, and a sand volleyball court. The trails are perfect for a leisurely stroll or a more challenging hike, and the pond is a great spot for fishing or simply enjoying the scenery. Whether you're looking for a place to relax or a fun activity, Forest Ridge Park has something for everyone.

Kiwanis Park is a beautiful outdoor recreation area located in Wake Forest, North Carolina. It features a variety of amenities, including a playground, picnic shelters, walking trails, a fishing pond, and a disc golf course. The park also has a large open field that is perfect for sports and other activities. Visitors can also enjoy the scenic views of the surrounding area, including the nearby lake.

H L Miller Park is a picturesque outdoor recreation area located in Wake Forest, North Carolina. It features a variety of amenities, including a playground, picnic shelters, walking trails, a pond, and a disc golf course. The park also has a large open field perfect for sports and other activities. Visitors can also enjoy the scenic views of the surrounding area, including the nearby forest and lake.

Sanford Creek Greenway is a scenic walking and biking trail that winds through the natural beauty of Wake Forest, North Carolina. The trail is a 3.3 mile loop that follows the path of Sanford Creek, offering stunning views of the creek, wetlands, and woodlands. Along the way, visitors can enjoy a variety of outdoor activities, including fishing, bird watching, and picnicking. The trail is also home to a variety of wildlife, including deer, turtles, and beavers. With its peaceful atmosphere and natural beauty, Sanford Creek Greenway is a great place to relax and enjoy the outdoors.

Holding Park is a beautiful outdoor attraction located in Wake Forest, North Carolina. It features a large lake, walking trails, and a variety of recreational activities. The park is home to a variety of wildlife, including ducks, geese, and other waterfowl. There are also picnic areas, playgrounds, and a disc golf course. The park is a great place to spend a day outdoors, enjoying the fresh air and natural beauty of the area.

Wake Forest, North Carolina area median rent change by ZIP code map

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How does Wake Forest compare to other cities in North Carolina?

citymedian price
Navassa$2,150
Unionville$1,975
Henderson$1,895
Haw River$1,865
Wilmington$1,725
Kenly$1,650
Thomasville$1,615
Madison$1,395
Lillington$1,325

Average household income in Wake Forest area graph - US Census

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The median household income in Wake Forest in 2021 was $104,006. This represents a 40.1% change from 2011 when the median was $74,221.

#categorypercent
0Less than $10,0001.4%
1$10,000 to $14,9991.1%
2$15,000 to $19,9991.5%
3$20,000 to $24,9992.8%
4$25,000 to $29,9991.5%
5$30,000 to $34,9992.7%
6$35,000 to $39,9992.7%
7$40,000 to $44,9994.2%
8$45,000 to $49,9994.5%
9$50,000 to $59,9996.9%
10$60,000 to $74,9998.4%
11$75,000 to $99,99912.1%
12$100,000 to $124,99915.5%
13$125,000 to $149,9997.8%
14$150,000 to $199,99917.5%
15$200,000 or more9.3%

Neighborhoods in Wake Forest

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Wake Forest is $2,140.
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