housing costs · North Carolina
Housing costs in Wake County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,623 | ± $16 | evidence → |
| 2019–2023 | $1,508 | ± $18 | evidence → |
| 2018–2022 | $1,412 | ± $11 | evidence → |
| 2017–2021 | $1,276 | ± $13 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $461,300 | ± $3,848 | evidence → |
| 2019–2023 | $422,800 | ± $4,330 | evidence → |
| 2018–2022 | $385,700 | ± $3,295 | evidence → |
| 2017–2021 | $324,500 | ± $3,262 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 29.3 % | ± 0.5 % | evidence → |
| 2019–2023 | 28.9 % | ± 0.5 % | evidence → |
| 2018–2022 | 28.4 % | ± 0.6 % | evidence → |
| 2017–2021 | 27.9 % | ± 0.5 % | evidence → |
In context
Median rent in Wake County is $1,623, above the North Carolina median of $886 across 100 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.