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There are currently 23,399 real estate properties in Wake Forest, NC, with a median automated valuation model (AVM) price of $474,354.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wake Forest, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wake Forest, NC, is $518,400.00, with the most expensive house in Wake Forest, NC, topping out at $7,488,274.00 and the cheapest home in Wake Forest, NC, clocking in at $26,167.00. In other words, there’s something for every potential homebuyer or savvy investor in Wake Forest, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wake Forest, NC, is on a rollercoaster ride. The average rent price in Wake Forest, NC, is $1,785.00. Indeed, when looking to rent in Wake Forest, NC, you can expect to pay as little as $600.00 or as much as $3,960.00, with the average rent median estimated to be $1,720.00. The good news is that finding an affordable and desirable property to rent in Wake Forest, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Wake Forest is located in Wake, North Carolina, with an estimated municipal population of 45,629 residents. All of the best foreclosed homes for sale in Wake Forest are located in the following zip code areas on Foreclosure.com: 27587 27588. The estimated population per square kilometer (.62 miles) in Wake Forest is 999.
So, about how much do homes cost in Wake Forest? The most recent median value of resident-owned homes in Wake Forest is 298,673. An estimated 71.3 percent of households in Wake Forest own their homes, with an average family size of 3.29. The median household income in Wake Forest is 92,210, with46.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wake Forest, the median commute time of resident workers (in minutes) is 30.1. And last, but certainly not least, are you looking for homes to rent in Wake Forest? If so, the average rent price paid by renters in Wake Forest is 1,117, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Wake Forest, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Wake Forest is 36.7, split between 47 percent male versus 53 female. The percentage of residents who report being married in Wake Forest is 57.6, with an average family size of 3.29.
The percentage of residents who report their race in Wake Forest is as follows:
| White | 78% |
| Black / African American | 14.8% |
| Asian | 1.4% |
| American Indian / Alaskan Native | 0.1% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 4% |
| Other | 1.7% |
Looking for family-friendly neighborhoods in and/or near Wake Forest? Or maybe you are searching for 55+ active adult communities in and/or near Wake Forest?
The percentage of residents who report their age in Wake Forest is as follows:
| Under 10 | 14.6% |
| Aged 10-19 | 17.8% |
| 20s | 10.1% |
| 30s | 12.7% |
| 40s | 15.8% |
| 50s | 13% |
| 60s | 8.2% |
| 70s | 5.4% |
| 80+ | 2.2% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Wake Forest with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wake Forest.
How do you know that living in -- or moving to -- Wake Forest is right where you need to be? Perhaps you grew up in Wake Forest or already live nearby; therefore, the decision to buy a home in Wake Forest is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wake Forest for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Wake Forest:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wake Forest.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wake Forest can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wake Forest, meanwhile, can field multiple offers from more qualified buyers.
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