Welcome to our 27587 real estate data hub, tailored for investors in Wake Forest, NC. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 27587 in Wake Forest, NC. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WAKE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Wake Forest, NC real estate investing. Uncover the wealth of information available, and position yourself for success in the Wake Forest property market.
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Location Overview
- Zip Code: 27587
- City: Wake Forest
- State: NC
- Metro Area: Raleigh-Cary, NC
- County Name: WAKE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $501,159
- Average Home Price (Single Family Homes): $502,981
- Average Monthly Rental Price (All Types): $1,796
- Price-to-Rent Ratio: 23
- Zillow Projected % appreciation from 4/2023-4/2024: 1.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,430
- Average 3 Bedroom Section 8 Rental Rates: $1,750
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 29.21
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 23.86
- Number of Units Offered in Section 8 in the County: 2423
- Number of Occupied Units in Section 8 in the County: 2301
- Percentage of Section 8 Units Occupied in the County: 95%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 207.44
- Total % Appreciation since 2000 (Government Data): 119.03
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.04%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.69%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.08%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 53.05%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 92.89%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 70.66%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 107.79%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.68%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.67%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 30.05%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 39.38%