Victory Real Estate
Homes on average saw a 20% increase in value in the last 2 years. The median home value is $485K.
Housing shortages caused big issues in the area as locals and transplants fought for homes. Prices soared overnight causing mass frustration and extreme bidding wars.
Large corporations like Zillow bought available homes creating an extreme shortage and over-inflated most regions. Homes previously for sale were converted to rental property.
Rental rates followed suit and investors cashed in on the opportunity. Wake County was on the map. For many locals, buying a home was unattainable.
Experts believe Wake will see a flatten but never a true value decrease. With Fortune 500 companies calling this area home, high paying jobs and appealing lifestyle will continue to attract people in droves.
Even with rising interest rates, Wake County is unlikely to see a crash.