Wake Forest: A Vibrant Raleigh Suburb
Posted by RealEstate_Guru
Wake Forest is located just north of Raleigh and has a population of about 25,000 people. The town was listed by Forbes Magazine as the 20th fastest growing suburb in the United States. Here’s an example: between the years 2000 and 2006, the population increased by about 73%. The median age in the area is about 33 and the median income is about $66,000. Nearly 90% of the population has completed high school or higher and 43% has a bachelor’s degree of higher. The length of a typical commute to major employment centers is about 30 minutes. The population is divided equally between males and females and 67% of the population is married. 58% of the population owns homes.
The Wake Forest real estate market is quite active. For example, in May 2009, there were over 800 existing homes for sale with a median price of about $310,000. New home prices are slightly higher at about $313,000. A typical home in the region has 3 to 4 bedrooms and 2.5 to 3.5 baths. Square footage is highly variable, but most single family homes homes average from about 2,000 to about 2,800. Prices are highly variable as well, but a home priced in the $200,000s is likely to have 3 to 4 bedrooms with a possible bonus room. Formal dining rooms are common and many have features like French doors and chair rail. Kitchens typically have an eating area and many open to a family room. Expect to find stainless steel appliances and even granite counter tops in this price range. Patios and decks are common as are master suites with vaulted ceilings and garden tubs. All these factors converge to make real estate in Wake Forest both attractive and affordable.
Leave a Reply