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Thursday, February 17, 2022

Your Wake Forest, NC Real Estate Questions Answered

Photos of Wake Forest North Carolina

Your Wake Forest, NC Real Estate Questions Answered

Wake Forest residents enjoy living in North Carolina’s Triangle. This metropolitan area offers all the modern conveniences of a large city with Wake Forest’s charm. The city still feels like a small town, from its architecture to close-knit communities. 

By moving to Wake Forest, you are centrally located between the Blue Ridge Mountains and beaches. Residents have access to the first planned research park in the United States, world-class universities, rich heritage, and historical attractions.

Use our guide to help you navigate to the Wake Forest real estate market. Below are some frequently asked questions about Wake Forest.

What is the average price of a home in Wake Forest, NC?

Wake Forest had 176 homes for sale in February 2022. The median list price was $450,000, and the median price per square foot was $180. 

The most affordable listing was $165,000 for 1,296 sq ft with 3-bedrooms and 2-bathrooms on a 1.29-acre lot. The highest-priced listing with existing residential real estate was $2.18 million with 6,794 sq ft, 5-bedrooms, and 6.5-bathrooms on 2.3 acres. 

Are there any condos or townhomes available in Wake Forest, NC? 

Yes, Wake Forest does have condominiums and townhomes in supply. In February 2022, 19 properties were on the market.

At the top of the market was a new construction duplex unit for $472,279 with 2,516 sq ft of living space, 3-bedrooms, and 2.5-bathrooms. The most affordable listing was a townhome for $250,000, with 1,468 sq ft, 3-bedrooms and 2-bathrooms. 

What is the property tax rate for Wake Forest, NC?

The town of Wake Forest charged a property tax rate of $0.495 per $100 of assessed valuation in 2021-2022. Depending on your address, you may be assessed a special district tax of $0.14 in addition to this municipal base rate.

Wake County assessed a $0.60 per $100 of valuation property tax in 2021. Wake County also charged a $20 recycling fee.

What county is Wake Forest, NC in?

Wake Forest is inside of Wake County, North Carolina. Often rated one of the best places to live in the state, residents benefit from numerous lifestyle advantages. Wake County is home to a world-class education institution, a first-rate health care system, and a diverse cultural and arts scene. 

Research Triangle Park is a center for industry and innovation. Wake County also includes Raleigh, the center of North Carolina’s government. The economic and education factors combined make the region home to several Fortune 500 giants and other mid-size companies in the life science and technology sectors. Wake County continues to be a fast-growing region with over one million people. 

Is Wake Forest, NC growing?

Wake Forest had 47,601 residents, according to the April 2020 Census. It added around 17,000 new residents since April 2010. According to the town, it is the 10th fastest-growing municipality in North Carolina. Wake Forest projects it will have around 68,000 residents by 2028. 

Wake County is one of the fastest-growing areas in the nation. Based on Census data, it grew faster than Orlando, FL, and nearby Charlotte, NC. 

What neighborhoods are in Wake Forest, NC?

Wake Forest has plenty of communities for prospective residents to explore. Here’s a small taste of what you can find in Wake Forest.

Bishop Grant has one of the higher average sale prices in Wake Forest because of its location and desirability. It is east of the Wake Forest Reservoir and about a mile from the Gateway Commons shopping center. Home sizes range between 2,500 and 5,000 sq ft. 

Dansforth is a more mature community inside south Wake Forest. This is typically one of the more affordable neighborhoods inside Wake Forest, with home sizes ranging from 2,200 through 4,200 sq ft. 

Galloway is located on the west side between Camp Kanata and Thompson Mill Road. Many of the homes here are custom-built. The developers aimed to preserve the natural landscape when laying out and designing the neighborhood. The subdivision has a community pool and pond.

Heritage is a large master-planned community situated around the Heritage Golf Course. You will find various neighborhoods with custom-built homes in varying sizes and styles inside this community. It is popular neighborhood for new residents to look for housing.

Hasentree has a country club with top-notch amenities. This resort-style community is a modern neighborhood that appeals to people of all ages. 

Olde Mill Stream is a subdivision with rolling hills and tree-lined streets. It is broken into three sections with homes ranging from 1,200 to 3,500 sq ft. Some residents are within walking distance to Carroll Joyner Park and three miles of walking trails. It’s also near the historic North Main Street and historic Downtown Wake Forest. 

If you want to live closer to Raleigh, Wakefield Plantation is right on the Raleigh city limit. The tree-lined streets and wooded areas create a peaceful, relaxing feeling. It also has a country club with a range of lifestyle amenities. The community is across the street from the Shoppes at Caveness Farms, Wakefield Commons, and Wakefield Crossing. 

Are there any waterfront properties found in Wake Forest, NC?

Wake Forest does not have significant waterfront real estate available. You can find some waterfront properties on some lakes and creeks. Look in Holding Village, Heritage Outlook, Mews at Legacy Green, and Swans Cove. 

How is golf in Wake Forest, NC?

Heritage Golf Club earned 4.5 stars on Golf Digest’s Best Places to Play. North Carolina Magazine called it the Best New Golf Course in North Carolina upon opening in 2002. Bob Moore designed the course.

The semi-private course has a clubhouse open to the public and a private swim and tennis club with two swimming pool complexes. 

Wakefield Plantation Golf Club is a private club with an 18-hole and 9-hole course. Hale Irwin designed the par-71 course around the Falls River Reservoir. The 9-hole course is a favorite for beginners, youth, and quick casual play. 

Paschall Golf Club is a downtown public course famous for being the playing grounds of Arnold Palmer when he attended Wake Forest College. Richland Creek meanders through the area, drawing in wildlife to create a rustic feeling while playing the links. 

Just outside city limits are two more popular golf options. The Hasentree Golf Club benefits from a Tom Fazio design. Brevofield Golf Links is a public course with bent grass greens and panoramic views.

Are there golf course communities in Wake Forest, NC? 

Heritage is your community for golf course living in Wake Forest. You’ll find some single-family homes and townhomes with golf course views. 

Heritage is a master-planned community broken into various subdivisions with single-family homes ranging from 2,000-5,000 sq ft. Homes tend to be custom-built. Residential amenities include greenway trails, bike paths, playgrounds, and memberships at the local clubs. 

What areas are near Wake Forest, NC?

Wake Forest is optimally located in North Carolina. Residents can be in North Raleigh and about a five-minute drive down US 1. Downtown Raleigh is about 35 minutes away. The state capital offers professional sports, large-scale entertainment venues, craft breweries, dining, education, and more attractions.

Research Triangle Park is a local hub of innovation and industry for the Triangle region. RTP is about 30 minutes from Wake Forest residents.

The other part of the Triangle, Durham, is about 20 minutes drive from Wake Forest. Durham is home to the prestigious Duke University and its expansive medical institutions. Over 300 medical and health-related companies operate from Durham.

Historic Chapel Hill can be reached on I-540 in about 40 minutes drive. Chapel Hill is another college town with a top-ranked university known for its quaint architecture, music scene, and local culture.

Experience one of the state’s larger cities, Greensboro, in about 1.5 hours’ drive. The former textile town is modernized with ample sports facilities, revitalized downtown, and green spaces.

If you’re looking for a beach getaway, Wilmington and its beaches are about two hours and 20 minutes away. 

What to know about living in Wake Forest, NC

Wake Forest’s strong and vibrant culture is part of why people are attracted to living here. It manages to preserve a small-town feel even as it grows and expands into the greater Triangle metropolitan area. It has numerous cultural hallmarks, recreation, and lifestyle benefits rarely found in other communities.

The community is an all-in-one place to live in that residents can live, work, and play within a community where professional opportunities are ample. 

The real estate market has a range of housing opportunities. If you’re looking at living in Wake Forest, contact a local real estate agent to find the right neighborhood for you. 

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Preston Guyton