Real Estate Price Maphome prices by county

Wake County, NC home prices

Wake County, NC: the typical home is worth $482,888 as of 2026-05, down -2.2% over the past year and +151.6% since 2000. Listings run about $231/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

Wake County is falling and overvalued — affordable for what people here earn.

Momentum-2.2%Falling
Valuation+31%High bubble risk
Affordability7/10Affordable
Market48 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1975: $50,634 → 2026: $482,888 (9.5×) pre-2000 estimated via FHFA index

Typical value$482,8882026-05
1-year-2.2%
5-year+29.9%
10-year+77.4%
Since 2000+151.6%
Population1.23M2024
Median income$103,0842023 · 4.7× income
Median rent$1,679/mo2026 · 4.2% gross yield
New homes/yr15k2024
Price / sq ft$231listings
Days on market482026-06
Active listings4,1472026-06
Price cuts23%of listings

Market read

At $482,888, homes in Wake County sit 75% above the North Carolina median ($275,414) and 106% above the US median ($233,954). That ranks #6 of 100 North Carolina counties by price.

Prices are cooling (-2.2% in the last year) — leaning buyer's market.

Homes here move at a steady pace — a median 48 days on the market, with 23% of listings cutting their asking price.

At 4.7× local income, that's pricier than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~31% expensive for local incomes and rents.

Renting looks cheaper — buying the typical home runs ~$2,384/mo (P&I, 20% down) vs $1,679/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Durham County, NC ($400,425) · Johnston County, NC ($344,953) · Franklin County, NC ($364,197) · Harnett County, NC ($297,504) · Orange County, NC ($512,580) · Chatham County, NC ($565,937)

Frequently asked questions

What is the average home price in Wake County, NC?
The typical home in Wake County is worth $482,888 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Wake County rising or falling?
Prices are down -2.2% over the past year and +151.6% since 2000 — a buyer's market.
Is Wake County affordable?
At 4.7× the local median income of $103,084, Wake County is pricier than the typical US county.
What is the rental yield in Wake County?
Median rent is $1,679/mo — a gross rental yield of 4.2% on the typical home.
How fast do homes sell in Wake County?
Homes here take a median of 48 days to sell, with 23% of listings cutting their asking price.
Median home value by year
YearMedian home value
2000$191,958
2001$198,429
2002$202,613
2003$205,320
2004$208,562
2005$214,373
2006$226,277
2007$240,517
2008$250,963
2009$241,279
2010$235,001
2011$228,800
2012$218,003
2013$222,772
2014$235,439
2015$247,621
2016$266,539
2017$283,286
2018$297,781
2019$312,606
2020$324,749
2021$350,865
2022$439,352
2023$479,452
2024$490,117
2025$498,664
2026$486,077