Construction Value
$161.6M ▼ 19.1%
Units Permitted
747 ▼ 32.4%
Avg Value / Unit
$216K
2024 · Census Bureau Building Permits Survey
Construction activity in Wake Forest slowed in 2024, down 32.4% from the prior year with 747 housing units permitted. At $216K per unit, new builds are in line with the Wake County average of $237K. Volume is 202% above the county average of 247 units, suggesting faster-than-typical growth. 10.2% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$3K
per resident
County avg: $4K-6%
$8.1M
per square mile
Wake Forest vs. Wake County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 671 | 671 | $151.2M | 94% |
| ■ Duplex | 4 | 2 | $590K | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 72 | 6 | $9.9M | 6% |
County Ranking by Construction Volume
Among 12 permit-issuing towns in Wake County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →