Area Insights of Wake Forest, NC

Stay ahead with market trends and local insights that matter.

Demand Insights

The market maintains its steady pace indicating a consistent buyer interest. A total of 16 homes were sold with 1 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

Wake Forest, NC

Date

04-06-2022

Price Ratio

109%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

St Catherine of Siena Catholic School

PK to 8

Middle School

Wake Forest Middle School

6 to 8

Ratings

D+

Heritage Middle School

6 to 8

Ratings

A

High School

North Wake College and Career Academy

9 to 12

Ratings

A+

Heritage High School

9 to 12

Ratings

B

Wake Forest High School

9 to 12

Ratings

B+

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 35% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (87,239)
42,337 Male
44,902 Female
Education
13% High School
10% Associate
34% Bachelor
22% Graduate
Age

Average Age is 40 Years

Household Details

The area's household landscape is diverse, with 77% owner-occupied homes and 23% renter-occupied properties. Family households represent 76% of the population, indicating a strong community focus on family living. The average home value stands at $603,183, which suggests ample demand for multi-bedroom properties.

Total Households
31,580
Average home value
$603,183
Owned
77%
Rented
23%
Vacant
5%
Families
76%
Married
65%
With children
38%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 4% Asian, 15% Black, and 0% Native residents, alongside 69% White and 8% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 56% of households earning over $100,000 annually, while 23% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
1%
Healthcare
13%
Professional
17%
Education
9%
Services
21%
Labor
17%
Retail
13%
Other
8%
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