Rent by ZIP · Wake County
Rent in Wake Forest, NC 27587
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,670 (-4.6% vs FY2026). Renters in this ZIP code pay a median $1,544 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,470 | $1,530 | -3.9% | $1,323–1,617 | – |
| 1 bedroom | $1,540 | $1,600 | -3.8% | $1,386–1,694 | $1,306 ±$130 |
| 2 bedrooms | $1,670 | $1,750 | -4.6% | $1,503–1,837 | $1,515 ±$268 |
| 3 bedrooms | $2,080 | $2,210 | -5.9% | $1,872–2,288 | $1,646 ±$145 |
| 4 bedrooms | $2,780 | $2,930 | -5.1% | $2,502–3,058 | $2,669 ±$134 |
Small Area FMRs for the Raleigh-Cary, NC MSA. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Raleigh-Cary, NC MSA, 2 bedrooms: $1,689.
What renters pay in 27587
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 27589 | Warrenton | $1,220 | $760 |
| 27584 | Townsville | $1,080 | – |
| 27583 | Timberlake | $1,540 | $807 |
| 27591 | Wendell | $1,440 | $1,313 |
| 27582 | Stovall | $1,140 | – |
| 27592 | Willow Spring | $1,220 | $885 |
Fair Market Rents across Wake County, NC · All NC counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.