Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Wake County, North Carolina?
County · Census ACS 5-Year estimates
The median gross rent in Wake County, North Carolina is $1,623/month (±$16), based on Census ACS 5-Year estimates (2024). The median home value is $461,300 (±$3,848), and the median household income is $105,768/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Wake County, North Carolina and Neighbouring Counties
Housing Metrics for Wake County, North Carolina
| Metric | Value |
|---|---|
| Median Gross Rent | $1,623 |
| Median Home Value | $461,300 |
| Median Household Income | $105,768 |
| Total Housing Units | 460,175 |
| Renter-Occupied Units | 165,106 |
| Renter-Occupied Share | 36% |
| Households Paying 50%+ Income | 34,997 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $1,390 | +0.0% |
| 1 BR | $1,423 | +0.0% |
| 2 BR | $1,600 | +0.0% |
| 3 BR | $1,830 | +0.0% |
| 4 BR | $2,353 | +0.0% |
| 5+ BR | $2,651 | +0.0% |
How does Wake County, North Carolina compare?
Median gross rent ranked against all counties in North Carolina.
Higher rent than 99% of counties in North Carolina · 2nd of 100
| # | County | Value |
|---|---|---|
| 1 | Mecklenburg County | $1,627 |
| 2 | Wake County(you are here) | $1,623 |
| 3 | Durham County | $1,508 |
| … 94 more … | ||
| 98 | Graham County | $676 |
| 99 | Alleghany County | $675 |
| 100 | Tyrrell County | $644 |
More data for Wake County, North Carolina
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Frequently asked questions
What is the average rent in Wake County, North Carolina?
The median gross rent in Wake County, North Carolina is $1,623/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Wake County, North Carolina?
The median rent for a 2-bedroom in Wake County, North Carolina is $1,600/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$20. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Wake County, North Carolina?
The median home value in Wake County, North Carolina is $461,300 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Wake County are rent-burdened?
In Wake County, North Carolina, 34,997 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Wake County, North Carolina?
The median household income in Wake County, North Carolina is $105,768/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,623 has a margin of error of ±$16. In very small areas, MOEs can be large relative to the estimate.
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