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Wake County North Carolina Real Estate And Market Update Report November 2021 by MartiniMortgage.com

The cities of Wake County are Raleigh, NC and Durham, NC (NOTE: a very small part of Durham is in Wake County with a majority of the city being in Durham County, NC). The towns of Wake Count, North Carolina are: Apex, Cary (NOTE: most of Cary is in Wake County however a small part is in Chatham County, NC), Fuquay-Varnia, Garner, Holly Springs, Knightdale, Morrisville (NOTE: most of Morrisville is in Wake County NC but a small portion is in Durham County, NC) Roseville, Wake Forest (NOTE: most of Wake Forest is in Wake County however a small part is in Franklin County, NC), Wendell and Zebulon (NOTE: parts of Zebulon, NC are in Wake County and parts are in Nash County).  Wake County has many townships and unincorporated communities too. 

Certified Mortgage Advisor, Kevin Martini with the Martini Group at Cardinal Financial Company, produces a monthly report called the Wake County North Carolina Real Estate and Market Update.  Essentially a ton of information is shared about what you need to know about the real estate market and Wake County on the aggregate.  The November 2021 edition looks at the median home price, forecasted appreciation, inventory of homes for sales, the population and much more.  

Real Estate in Raleigh & Wake County is green and growing!  ~ Kevin Martini

Wake County Median Home Price

Wake County Appreciation

When looking back at the Average Per Year of Appreciation in Wake County for the last for 62-years, a home appreciated 3.28% per year…looking at the last 10-years, a home in Wake County appreciated  5.74%.  Over the last 5-years, the Average Per Year Appreciation was 7.53% in Wake County

The forecasted cumulative appreciation over the next 5-years is Wake County is predicated to be 25.05%.  What does this mean?  Simply put a Median Priced Home in Wake County today is $372.510 and in 5-years, based on the estimated cumulative appreciation, the Median Priced Home today could be worth be worth $465,830 in 5-years.  That would be $93,320 of appreciation  in just 60 months! 

Every time real estate values increase, a homeowner gets a dollar-for-dollar gain in their home equity. ~ Logan Martini

Wake County Real Estate Inventory

Wake County North Carolina Demographics and Population

Wake County has more than 1 million residents.  The county grows by approximately 62 people per day. Of the 1.06M+/- residents, 404,200+/- are renters of which 101,860+/- of the renters can afford to purchase a home.  The largest residents demographic is aged 27-35.  This cohort is forming 14,700+/- new household formations. 

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Wake County North Carolina Mortgage Rates

There is no question that mortgage rates today are more expensive than they were just a year ago however they still remain near historic levels.  These epic mortgage rates that are available today with the Martini Group at Cardinal Financial Company allow a homebuyer to amplify buying power.  Experts predict higher home loan rates are coming !

When mortgage rates increase by 1%, buying power is reduced by 10% ~ Logan Martini

It does not matter if you are a first-time homebuyer or a repeat homebuyer in Wake County or any county in NC for that matter, right now is a great time to explore your options.  Remember, it should always be home loan first & then go find your home — The Martini Group is here to answer any questions you might have about Wake County, Raleigh, our unique products and our services.  Feel free to contact: Kevin Martini or Logan Martini by dialing: (919) 238-4934

Kevin Martini

NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

Logan Martini 

NMLS 1591485 | Senior Mortgage Strategist | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Logan@KevinMartini.com | Equal Housing Opportunity

A unique home loan program to help first-time homebuyers and repeat homebuyers with down payment assistance.

Kevin Martini

Kevin Martini is the founder of the Martini Mortgage Group; Branch Manager and Senior Mortgage Strategist with Cardinal Financial Company; a husband to a magnificent lady who was his high school sweetheart; a father of 2 amazing men; a son to tremendous parents; a grandfather to beautiful grandchildren; a loyal friend; a trusted and experienced advisor to the families he serves.

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