Real Estate Investing in Wake County, North Carolina

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

32 ZIP codes • Population: 1,203,231

Should you buy in Wake County, NC? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (56/100)

Mixed β€” home prices are stretched relative to local incomes. Run the math on your specific situation.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Wake County, NC?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.0% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $535,399
Avg Monthly Rent $1,772
ZIP Codes 32

Investing in Wake County Real Estate

Wake County spans 32 ZIP codes across 13 cities in North Carolina, with a population of 1,203,231. The county's tepid investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

Investors considering Wake, North Carolina should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

A 1,203,231 population and $N/AK household income profile is what makes Wake a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Wake County, NC. Anonymous, moderated, never written by AI.

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Property managers serving Wake County

Manage rentals here? List your business →

Fox Rental Management is a licensed Real Estate Broker and Property Management Company serving Clayton & Raleigh, NC, specializing in residential management. summary from their website

Single-family
Unclaimed β€” is this your business? Claim it free

RPM Property Pros is a full-service property management company in North Carolina specializing in commercial property and association management. summary from their website

CommercialHOA
Unclaimed β€” is this your business? Claim it free

Bottom Line Property Management offers property management services in Charlotte and Raleigh, focusing on maximizing owner investments. summary from their website

Unclaimed β€” is this your business? Claim it free

Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$535,399
Avg Monthly Rent
$1,772
1% Rule
βœ— Below
Landlord Friendly (NC)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Wake County

15 Colleges 69,603 Students 5,403 Off-Campus Renters
B+
North Carolina State University at Raleigh
4-Year Public Β· 37,323 students
πŸ“ ~373 students rent off-campus
C+
Southeastern Free Will Baptist Bible College
4-Year Private Β· 74 students
C+
Southeastern Baptist Theological Seminary
4-Year Private Β· 2,926 students
C+
Meredith College
4-Year Private Β· 1,576 students
C+
Mitchells Academy
Vocational For-Profit Β· 33 students
C+
Shaw University
4-Year Private Β· 962 students
C
Wake Technical Community College
2-Year Public Β· 22,763 students
πŸ“ ~5,030 students rent off-campus
C
Gwinnett College
Vocational For-Profit Β· 117 students
C
Saint Augustine's University
4-Year Private Β· 943 students
C
Paul Mitchell the School-Raleigh
Vocational For-Profit Β· 133 students
C
Miller-Motte College-Raleigh
2-Year For-Profit Β· 214 students
D
William Peace University
4-Year Private Β· 730 students
D
University of North Carolina System
4-Year Public Β· 0 students
D
MyComputerCareer at Raleigh
2-Year For-Profit Β· 1,617 students
D
Shepherds Theological Seminary
4-Year Private Β· 192 students

Investor Insight: With 5,403 students living off-campus, Wake County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Wake County

ZIP Codes in Wake County, NC

27587 β˜… β˜… β˜… β˜… β˜…
Wake Forest
Population 81,902
Avg Home $514,232
Avg Rent $1,797/mo
27610 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 80,173
Avg Home $318,163
Avg Rent $1,866/mo
27519 β˜… β˜… β˜… β˜… β˜…
Cary
Population 67,976
Avg Home $705,316
Avg Rent $2,028/mo
27616 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 61,161
Avg Home $356,090
Avg Rent $1,607/mo
27526 β˜… β˜… β˜… β˜… β˜…
Fuquay Varina
Population 59,306
Avg Home $443,075
Avg Rent $1,979/mo
27529 β˜… β˜… β˜… β˜… β˜…
Garner
Population 55,201
Avg Home $388,051
Avg Rent $1,869/mo
27603 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 53,835
Avg Home $416,830
Avg Rent $1,723/mo
27513 β˜… β˜… β˜… β˜… β˜…
Cary
Population 47,444
Avg Home $566,651
Avg Rent $1,620/mo
27502 β˜… β˜… β˜… β˜… β˜…
Apex
Population 47,436
Avg Home $572,245
Avg Rent $2,135/mo
27540 β˜… β˜… β˜… β˜… β˜…
Holly Springs
Population 45,993
Avg Home $583,241
Avg Rent $1,827/mo
27606 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 45,728
Avg Home $442,142
Avg Rent $1,496/mo
27615 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 45,722
Avg Home $549,542
Avg Rent $1,499/mo
27613 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 44,357
Avg Home $599,443
Avg Rent $1,395/mo
27604 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 44,094
Avg Home $343,918
Avg Rent $1,616/mo
27612 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 40,475
Avg Home $579,851
Avg Rent $1,461/mo
27560 β˜… β˜… β˜… β˜… β˜…
Morrisville
Population 39,442
Avg Home $500,098
Avg Rent $1,703/mo
27609 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 35,548
Avg Home $563,051
Avg Rent $1,463/mo
27545 β˜… β˜… β˜… β˜… β˜…
Knightdale
Population 33,750
Avg Home $370,714
Avg Rent $1,726/mo
27511 β˜… β˜… β˜… β˜… β˜…
Cary
Population 33,279
Avg Home $505,184
Avg Rent $1,655/mo
27614 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 33,021
Avg Home $689,138
Avg Rent $1,538/mo
27597 β˜… β˜… β˜… β˜… β˜…
Zebulon
Population 29,003
Avg Home $344,286
Avg Rent $1,968/mo
27591 β˜… β˜… β˜… β˜… β˜…
Wendell
Population 26,745
Avg Home $372,315
Avg Rent $1,898/mo
27607 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 26,062
Avg Home $721,885
Avg Rent $1,592/mo
27539 β˜… β˜… β˜… β˜… β˜…
Apex
Population 25,944
Avg Home $610,273
Avg Rent $1,779/mo
27617 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 20,012
Avg Home $440,367
Avg Rent $1,513/mo
27518 β˜… β˜… β˜… β˜… β˜…
Cary
Population 18,995
Avg Home $745,687
Avg Rent $1,577/mo
27523 β˜… β˜… β˜… β˜… β˜…
Apex
Population 18,330
Avg Home $741,591
Avg Rent $2,010/mo
27608 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 12,522
Avg Home $1,047,537
Avg Rent $2,088/mo
27601 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 9,702
Avg Home $504,643
Avg Rent $1,699/mo
27571 β˜… β˜… β˜… β˜… β˜…
Rolesville
Population 8,908
Avg Home $503,381
Avg Rent $2,304/mo
27605 β˜… β˜… β˜… β˜… β˜…
Raleigh
Population 6,121
Avg Home $405,832
Avg Rent $1,717/mo
27562 β˜… β˜… β˜… β˜… β˜…
New Hill
Population 5,044
Avg Home $687,994
Avg Rent $2,559/mo

Screen every market in Wake County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Wake County

Are eviction rules reasonable in, NC?

Landlord-friendliness in, NC is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Are renters plentiful in, NC?

Tenant demand in, NC is solid. The local workforce $1,772/mo rents across most rental classes.

How strong are rents in, NC?

Rents in, NC run near $1,772/mo. Compared with median home prices of $535K that produces solid gross yields for typical rentals.

Is, NC above average for NC?

, NC comes in broadly in line with on the NC comparison. Specific drivers include $535K prices and $1,772/mo rents.

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