The story of this market
The typical home in ZIP 27587 sells for about $490,000, or $230 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,544 a month.
ZIP 27587 — Wake Forest
The Wake Forest housing market remains somewhat competitive with steady demand and moderate price growth. While inventory levels have increased, homes continue to sell relatively quickly, supported by the area's strong economic ties to the Research Triangle.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to high-quality schools and proximity to the Research Triangle's major employment centers.
Median prices moved up 1.0% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 5.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 27587, Wake County NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Wake County Public School System, which is generally regarded as a high-performing district with numerous schools receiving strong ratings.
Wake Forest continues to experience significant residential development and infrastructure expansion, driven by its proximity to the Research Triangle Park and Raleigh employment hubs.
Property taxes are assessed by Wake County and the Town of Wake Forest, with rates determined by the combined municipal and county millage applied to the assessed value.
Residents primarily commute via US-1 and NC-98 toward Raleigh and the Research Triangle Park, with typical commute times reflecting suburban-to-urban traffic patterns.
The area features extensive greenways, Falls Lake State Recreation Area, and numerous community parks, alongside the historic downtown district offering local shopping and dining.
The rental market is characterized by steady demand from families and professionals, with a mix of single-family home rentals and newer apartment developments.
The local economy is heavily influenced by the broader Research Triangle region, with major employment sectors including technology, education, and healthcare.
Transportation is primarily automobile-dependent, with US-1 serving as the main arterial corridor connecting the town to the greater Raleigh metropolitan area.
Ongoing development includes several master-planned residential communities and mixed-use projects aimed at expanding housing inventory and commercial services.
Parcels are subject to Wake County property taxes and may fall within specific municipal service districts or utility service areas for water and sewer.
Data retrieved from US Census Bureau ACS profiles for ZCTA 27587.
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.
- Frankie's of Raleigh4.412.7 mi
- Fantasy Lake Adventure Park4.710.9 mi
- Dave & Buster's Cary418.5 mi
- Urban Air Trampoline and Adventure Park4.116.8 mi
- RushHour Karting4.516.9 mi
- Lenovo Center4.515.4 mi
- North Carolina Museum of Art4.814.5 mi
- North Carolina State Fair4.415.7 mi
- Atlantic Union Bank Convention Center4.615.8 mi
- Topgolf3.816 mi
- Frankie's of Raleigh4.412.7 mi
- Cinemark Bistro Raleigh4.511.3 mi
- Regal North Hills4.111.6 mi
- William B. Umstead State Park4.811.9 mi
- Regal Brier Creek4.212.7 mi
- North Carolina Museum of Natural Sciences4.815.2 mi
- North Carolina Museum of Art4.814.5 mi
- Museum of Life and Science4.717.5 mi
- Marbles Kids Museum4.815.5 mi
- Duke University Chapel4.919.7 mi
- William B. Umstead State Park4.811.9 mi
- Shelley Lake Park4.710.6 mi
- Falls Lake State Recreation Area4.76.4 mi
- E. Carroll Joyner Park4.84.1 mi
- Green Hills County Park4.76.3 mi
- Rollingview Marina Inc4.36.9 mi
- Falls Lake4.77.6 mi
- The Factory4.34.8 mi
- Falls Village Golf Club3.410.6 mi
- North Ridge Country Club4.68.8 mi
- Wildwood Green Golf Club4.28.6 mi
- Heritage Golf Course4.56.2 mi
- Crabtree4.412.1 mi
- Triangle Town Center4.29.2 mi
- T.J. Maxx4.38.9 mi
- Brier Creek Commons4.512.7 mi
- North Hills4.511.6 mi
- Raleigh-Durham International Airport4.413.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large reservoir offering boating, fishing, hiking, and camping.
A walkable district featuring local boutiques, cafes, and community events.
Deterministic aggregate of 2 researched properties in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.