Wake Forest, North Carolina — ZIP 27587
Wake County, Raleigh-Cary, NC. Home values and rents from Zillow research data, demographics from the Census ACS, and a 12-month appreciation forecast from our own model.
Heat Score
70/ 95
Hot Market
Typical Home Value
$508K
-0.8% year over year
12-Month Forecast
-1.3%
to $502K
Gross Rental Yield
4.3%
Annual rent divided by home value
Typical home value
Aug 2023 – Aug 2026 · Zillow ZHVI · hover or use arrow keys
$508,282$522,784
How reliable is this forecast?
Backtested against this ZIP's own history, the model was off by an average of 1.57%. It also beat a seasonal-naive baseline here.
Who lives here
- Population
- 78,666
- Median household income
- $116,593
- Unemployment
- 4.1%
- Owner-occupied
- 80%
Source: U.S. Census Bureau, ACS 5-year estimates.
Markets with a similar profile
Closest matches on value, rent, income, employment, and demographics — in other cities
Compare 27587 against every other market
Create a free account to screen ZIPs by forecast, Heat Score, rental yield, and price-to-income.
Not financial advice. For informational purposes only.