Home Insurance in Wake Forest, North Carolina
The median home value in Wake Forest is $474,500, close to the Wake County median.
The typical home in Wake Forest was built around 2009. About 3% of homes were built before 1960, about 2 points below Wake County's 5%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Wake Forest is 80% single-family homes, 16% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
79% of owner-occupied homes in Wake Forest carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 74% of occupied homes in Wake Forest are owner-occupied.
In Wake Forest, 58% of homes are primarily heated with natural gas.
FEMA rates Wake County's overall risk as Relatively High, led by hail (Relatively High). Wake County had 3,267 active NFIP flood policies as of September 2026. See the full Wake County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in North Carolina is $1,852 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $474,500 |
|---|---|
| Median year built | 2009 |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 79% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Wake County | 3,267 |
| Home insurance premium | $1,852 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)