Wake County
North Carolina · Pop. 1,175,085
Ranked #100 of 200 counties
40Moderate
Median Home Price
🏠$430K
4.0% YoY
Median Rent
🔑$1,650
Median Income
💰$80K
Rent Burden
📊28.0%
% of income to rent
Housing Shortage
🏗️32,000
estimated unit deficit
Building Permits (2024)
📋15,000
Price-to-Income Ratio
⚖️5.4x
Homeownership Rate
🏡60.5%
How Wake County Compares
| Metric | Wake County | North Carolina | National |
|---|---|---|---|
| Home Price | $430K | $309K | $410K |
| Rent | $1,650 | $1,245 | $1,500 |
| Income | $80K | $71K | $75K |
| Rent Burden | 28.0% | 31.5% | 30.0% |
| Homeownership | 60.5% | 66.0% | 65.0% |
Key Takeaways
- • Home prices are 5% above the national average.
- • Rent is 10% above the national average.
- • The county has an estimated housing shortage of 32,000 units.
- • 15,000 building permits were issued in 2024.
- • Year-over-year home prices changed by 4.0%.