Wake Forest 27587

Raleigh-Cary, NC · Wake County, NC · 3,675 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

59affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
24.9%
affordable
Days on market
42
daily
Price cuts
30.8%
of active
Valuation
-22.7%
vs assessor
Look up an address
61
/100
Stable
stable · balanced · prices easing year-over-year.
Price trend
35
Affordability
95
Valuation
50
Economic health
59

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

46/ 100SellerBalancedBuyer
Balanced Market
DOM: 67d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)25
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)50
Days on Market (5%)75

Balanced market in 27587. List price is roughly fair — focus on condition and value. Payment burden: 24.9% of median income. Median days on market: 67. Renting is approximately 101% cheaper than buying (price-to-rent ratio: 24.1).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers. Prices down 1.2% YoY.

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Market snapshoteach number, once

Median price
$515,685
▾ 1.2% YoY
Days on market
42
daily · zip_data
Median rent
$1,784
ZORI
Investor score
37/100
cash-flow lens
Active listings
492
90-day

Valuation3 lenses, different anchors

vs assessor
-22.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$398,639
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+66.5%
County-wide market — the widest, slowest signal.
Wake+66.5%
Johnston+65.7%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$143
Price-to-income4.1×

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How 27587 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity77%
Supply tightness56%
Affordability62%
Investment yield35%
Appreciation16%

Affordability, supply & momentum

27SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply14.8 mo
Days on Market42d
Inv vs History+12.7%
Listing Density17.6/1k
Affordability — payment burden
Monthly payment (P&I)$2,605
Payment burden24.9%
Median income · ZIP$125,607
Mortgage rate6.49% · 30yr
Total monthly own$3,121
Monthly rent$1,784
Market dynamics
Price cut %30.8%
Momentumstable
LeverageBALANCED
Months of supply14.8
Sales (90d)0
Investment analysis
Median rent$1,784
Price-to-rent24.1
Est. cap rate2.7%
Buy vs rentfavors renting

Livability

Walk score2
Transit score
Bike score

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Wake County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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