The story of this market
The typical home in ZIP 27502 sells for about $577,750, or $245 per square foot.
Prices are roughly flat from a year ago (-0.9%), a market in balance. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $1,909 a month.
ZIP 27502 — Apex
The 27502 housing market is currently balanced, characterized by a slight cooling in price growth compared to previous years. While inventory remains tight, the market is seeing longer days on market, suggesting a shift toward more favorable conditions for buyers compared to the peak competition of recent years.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and proximity to the Research Triangle's employment hubs.
Median prices moved down 0.9% year over year.
Homes spend a median of 56 days on market with 11.7 months of supply — a slower-moving market.
35% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 2.3% — a stable, low-distress profile.
Built from 504 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27502, Wake County NC
Apex is consistently ranked as one of the safest communities in North Carolina, with crime rates significantly lower than both state and national averages.
The area is served by the highly-rated Wake County Public School System, with schools in the 27502 ZIP code generally receiving high performance marks.
The region faces moderate risk from severe thunderstorms and occasional tropical remnants, with standard flood insurance recommended for properties in low-lying areas near local creeks.
Apex maintains strong economic momentum as part of the Research Triangle, benefiting from proximity to major tech and life science employers in Raleigh and Research Triangle Park.
Property taxes are levied by Wake County and the Town of Apex; the rate is a combination of county-wide and municipal millage, with no state-level property tax.
Residents primarily commute via NC-55 and US-1 toward Raleigh and Research Triangle Park, with average commute times reflecting typical suburban traffic patterns.
The area features extensive access to the Apex Nature Park, the Huckleberry Trail, and proximity to Jordan Lake for water-based recreation and local shopping in historic downtown Apex.
The rental market is stable with moderate vacancy pressure, supported by a mix of long-term residential leases and limited short-term rental activity.
The economy is anchored by the broader Research Triangle's technology, education, and healthcare sectors, with many residents commuting to nearby corporate campuses.
Transportation is heavily reliant on private vehicles, with major corridors including US-1 and NC-55 providing access to the wider Raleigh-Durham metro area.
Development is focused on infill residential projects and the expansion of commercial amenities along the NC-55 corridor.
Parcels are subject to Wake County and Town of Apex tax jurisdictions, with standard utility service districts for water and sewer.
Property insurance premiums are influenced by regional weather patterns, with standard coverage generally available.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features extensive trails, disc golf, and playgrounds.
Known for its preserved architecture and local boutiques.
Major regional reservoir offering boating, fishing, and camping.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).