2021 has brought higher home loan rates but even with the rise in mortgage rates…
Kevin Martini, a Raleigh Mortgage Strategist with the Martini Mortgage Group at Benchmark Mortgage, produces the Wake County Real Estate Report Card to provide all with a glimpse of key data points about the Raleigh area real estate. The December 2020 Wake County, North Carolina shares data on the Median Home Price, Appreciation, Population and much more.
The population of Wake County, NC is over 1.1 million and grows daily to the tune of over 50 new residents each day. Currently there are over 400,000 renters in Wake County, NC and over 25% of those that renters can afford to purchase a home and secure a mortgage. The national average household income is $55,079 however in Wake County, NC the median household income is $81,696. The Median Home Price is $311,322 and the forecasted 1-year appreciation is 3.79% and the 5-year cumulative appreciation is forecasted to be 21.27%.
Kevin Martini | NMLS ID 143962 | Chief Mortgage Strategist and Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity