Wake County, North Carolina home prices
Typical home $471,020 · -1.7% in a year · property tax 0.71%
The typical home in Wake County is worth $471,020, 42% more than the North Carolina typical home ($332,159). Values changed -1.7% in the past year and +17.9% over five years. Homeowners here pay a median 0.71% of their home's value in property tax each year ($3,329 on the typical home), versus 0.64% statewide.
Mortgage on the typical Wake County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $94,204 | $376,816 | $2,535 | $0 | $513 | $3,048 | $130,600 |
| 10% down | $47,102 | $423,918 | $2,852 | $177 | $513 | $3,541 | $151,800 |
| 5% down | $23,551 | $447,469 | $3,010 | $186 | $513 | $3,710 | $159,000 |
| 3.5% down (FHA) | $16,486 | $462,489 | $3,111 | $208 | $513 | $3,832 | $164,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.71% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in North Carolina · part of the Raleigh metro area.
North Carolina counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Carteret County | $469,750 | +3.0% | 0.43% |
| Transylvania County | $462,178 | -2.0% | 0.45% |
| Jackson County | $447,841 | -0.3% | 0.34% |
| Orange County | $494,660 | -2.0% | 0.91% |
| New Hanover County | $445,851 | +0.7% | 0.54% |
| Union County | $444,831 | -0.7% | 0.57% |
| Buncombe County | $440,368 | -4.4% | 0.57% |
| Pender County | $435,927 | +0.7% | 0.63% |
| Watauga County | $507,749 | +1.2% | 0.39% |
| Henderson County | $422,515 | -1.7% | 0.52% |
Frequently asked questions
What is the average home price in Wake County, NC?
The typical home value in Wake County is $471,020 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Wake County?
About $130,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Wake County?
The median effective rate is 0.71% of home value a year (Census ACS 2024 5-year estimates).