Explore US City Wake Forest, NC - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Wake Forest, NC real estate snapshot: Pulse Score 59.41840251038591, cap rate 4%, median price $374,990. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
Pulse Score
C+
Cap Rate
4%
Investor Friendly Score
57%
Median Price
$374,990
Market Insights
The housing market in Wake Forest continues to see strong price appreciation, with values up 14.8% compared to last year. Home prices have increased 2.7% in the past month alone. With 6.5 months of supply, Wake Forest's inventory levels remain relatively tight. Homes are now taking an average of 55 days to sell, significantly longer than the 20 days typical for this market. A significant 35.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Wake Forest market with the affordability index at 89.3. Based on current market indicators, home prices in Wake Forest are projected to increase by approximately 8.6% over the next month.
Demographics market for - Wake Forest, NC
Total Population -
43,459
White Race
74%
African American Race
19%
Crime for City - Wake Forest, NC
Real Estate Market Prediction for - Wake Forest, NC
City Hotspots Map
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Nearby Cities From Wake Forest, NC
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FAQ about Wake Forest, NC
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Wake Forest, NC for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Wake Forest, NC.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in Wake Forest, NC?
A median-priced home ($374,990) at the average rent ($1,190/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$1,566/mo
Cash flow on a median home
-17.9%
Cash-on-cash return
0.18
DSCR
$3,974/mo
Rent needed for a 1.25 DSCR
$3,375/yr
Landlord insurance, hazard-adjusted