Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 1,151,009 ↑ 1.9% since 2020 |
| Median Household Income | $101,763 36% above national median |
| Median Home Value | $422,800 |
| Unemployment Rate | 4.1% |
| Median Age | 37.2 years |
| Housing Vacancy Rate | 7.5% |
| Total Land Sales (Past 12 Months) | 200 transactions |
| Active Listings | 194 properties |
| Avg Days on Market | 48 days |
Rural Land Sales (1+ Acres) (Feb 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $146,775 |
| Recent Sales | 55 transactions |
| Avg Days on Market | 46 days |
| Avg Parcel Size | 6.50 acres |
| Active Listings | 113 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 18.63 | $950,000 | $50,993 | Raleigh |
| Mar 2026 | 1.72 | $280,000 | $162,791 | Knightdale |
| Mar 2026 | 10.03 | $290,000 | $28,913 | Zebulon |
| Feb 2026 | 2.10 | $550,000 | $261,905 | Cary |
| Feb 2026 | 3.00 | $145,000 | $48,333 | Zebulon |
| Feb 2026 | 1.81 | $78,000 | $43,094 | Wake Forest |
| Feb 2026 | 2.59 | $450,000 | $173,746 | Cary |
| Feb 2026 | 2.62 | $450,000 | $171,756 | Cary |
| Feb 2026 | 39.35 | $8,450,000 | $214,740 | Fuquay Varina |
| Feb 2026 | 1.12 | $400,000 | $357,144 | Raleigh |
Suburban/Urban Land Sales (Under 1 Acre) (Feb 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $375,000 |
| Recent Sales | 145 transactions |
| Avg Days on Market | 48 days |
| Avg Parcel Size | 0.20 acres |
| Active Listings | 81 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026 | 0.48 | $110,000 | Raleigh |
| Mar 2026 | 0.10 | $265,000 | Raleigh |
| Mar 2026 | 0.31 | $285,000 | Morrisville |
| Mar 2026 | 0.38 | $820,000 | Cary |
| Mar 2026 | 0.14 | $500,000 | Knightdale |
| Mar 2026 | 0.14 | $500 | Raleigh |
| Mar 2026 | 0.04 | $311,000 | Wendell |
| Mar 2026 | 0.28 | $275,000 | Raleigh |
| Feb 2026 | 0.17 | $525,000 | Raleigh |
| Feb 2026 | 0.10 | $347,000 | Knightdale |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 1,151,009 |
| Population (2020) | 1,129,410 |
| Population Growth | 1.91% |
| Median Household Income | $101,763 |
| Median Home Value | $422,800 |
| Total Housing Units | 481,999 |
| Vacant Housing Units | 36,363 |
| Housing Vacancy Rate | 7.5% |
| Median Age | 37.2 |
| Bachelor's Degree or Higher | 263,970 (22.9%) |
| Unemployment Rate | 4.1% |
Market Overview
Wake County, North Carolina has a population of 1,151,009, which has grown 1.91% since 2020. The median household income is $101,763, above the national median of $74,580 by 36.4%. The housing vacancy rate of 7.5% suggests balanced market conditions. As part of North Carolina, Wake County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $146,775 per acre, with properties averaging 6.50 acres. There are currently 194 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Wake County, North Carolina?
As of the 2023 American Community Survey, Wake County has a population of 1,151,009. The county has grown 1.91% since the 2020 Census, indicating a growing community.
What is the median household income in Wake County?
The median household income in Wake County is $101,763, which is 36.4% above the national median of $74,580.
Is Wake County growing or shrinking?
Wake County is growing. The population has increased 1.91% since 2020.
What is the housing market like in Wake County?
The median home value in Wake County is $422,800. The housing vacancy rate is 7.5%, which suggests balanced market conditions. The unemployment rate is 4.1%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $146,775 per acre. Suburban/urban lots under 1 acre have a median lot price of $375,000.
Does Reelvest buy land in Wake County, North Carolina?
Yes! Reelvest Properties buys vacant land throughout North Carolina, including Wake County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.