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Median Home Price in Wake Forest, NC

The median home value in Wake Forest, NC is $513,720 as of 2026-07-31, down 1.2% from a year earlier.

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Median Home Value

$513,720

Year-over-Year

-1.2%

Population

55,872

Wake Forest ranks #13 of 101 North Carolina cities tracked here by median home value, and sits 65.9% above the state's city median of $309,616. It sits in Wake County, where the county-wide median is $481,361.

Housing affordability in Wake Forest

Median household income in Wake Forest is $123,802, so the typical home value is about 4.1× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.

Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).

Crime in Wake Forest

Wake Forest police recorded a violent crime rate of 147 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,305 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Wake Forest

What is the average home price in Wake Forest, NC?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Wake Forest, that value is $513,720. That's down 1.2% from a year earlier. It is about 65.9% above the typical North Carolina city tracked here.

Is Wake Forest expensive compared to the surrounding area?

Homes in Wake Forest are more expensive than Wake County as a whole, where the median is $481,361 — a difference of about 6.7%.

Is Wake Forest affordable?

Median household income here is $123,802, so the typical home value is about 4.1× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.

Is Wake Forest a safe place to live?

Wake Forest police reported 147 violent crimes per 100,000 residents, covering a population of about 55,872. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.