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Wake Forest town, NC

ZIP 27587 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27587

Median Home Value
$452,400
Median Rent
$1,239
Affordability Snapshot
$125,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,906/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

30.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 27587 in Wake Forest town, NC, a household would need roughly $125,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,906. That is roughly in line with the local median household income ($125,607). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.0%+24% vs US avg
x
Vacancy Rate
4.5%-56% vs US avg
x
Broadband Access
96.3%+11% vs US avg
x
4+ Bedrooms
12.7%-14% vs US avg
x
Built Pre-1939
0.6%-95% vs US avg
x
Built Post-2014
3.6%-48% vs US avg
x
Rent Burden >30%
19.0%-62% vs US avg
x
Mortgage-Free
23.0%-40% vs US avg
x
$452,400
Home Value
$1,239
Rent
2005
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.6%
  • 1-unit attached7.1%
  • 2-9 units5.3%
  • 10+ units7.0%
  • Mobile home & other4.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$452,400
Median rent$1,239
Owner-occupied81.0%
Vacant4.5%
Price-to-income3.6x
Est. income to buy$125,000