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City · 70,630 residents · Wake County, North Carolina

Apex , North Carolina

In Apex, a typical home is worth $576,100 and typical rent is $1,902 a month. Compared with all of Wake County, typical household income is 36% higher, the typical home value is 25% higher, and the share of households that own their home is 12 points higher.

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  • Typical home value

    $576,100

    25% above the county

    99% above North Carolina

    • Apex
    • Wake
    • North Carolina

  • Typical rent

    $1,902a month

    17% above the county

    55% above North Carolina

    • Apex
    • Wake
    • North Carolina

  • Typical household income

    $144,135a year

    36% above the county

    99% above North Carolina

    • Apex
    • Wake
    • North Carolina

  • Households that own their home

    77%

    12 points above the county

    10 points above North Carolina

    • Apex
    • Wake
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$588,793
1.6% less than 12 months ago
Typical rent
$1,947 a month
0.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Apex is in Wake County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wake County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Apex apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Apex is $144,135, 36% more than in Wake County as a whole ($105,768).

  2. Apex has the 9th highest typical home value of the 166 cities in North Carolina with more than 5,000 people ($576,100).

  3. Nearby, in Fuquay-Varina, the typical home value is $451,500: 22% less than in Apex ($576,100).

  4. 77% of households in Apex own their home, against 64% in Wake County.

  5. The typical rent in Apex is $1,902 a month, 17% more than in Wake County as a whole ($1,623).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Apex

What homes there are in Apex, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Apex: 68% of homes, more than in Wake County (58%).

Year built

Here half of the homes date from 2008 or later; in Wake County, from 2000 or later.

Homes in Apex are bigger: 83% have 3 bedrooms or more; in Wake County, 67%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,396 a month

Wake County: $2,113 a month

Without a mortgage

$705 a month

Wake County: $672 a month

Owners with a mortgage

77%

Wake County: 74%

Owning costs more in Apex: with a mortgage, the typical cost is $2,396 a month; in Wake County, $2,113. Without one, $705.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Apex gained value faster than in Wake County: 76% against 64%.

The typical rent in Apex rose 38% over the same time; in Wake County, it rose 41%.

Housing prices ran ahead of income in Apex: typical income rose 29%, against +76% for home values and +38% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureApexWake CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimate8.9%7.1%5.5%
Homeowner vacancy Unreliable estimate0.6%1.3%0.9%
More than one person per room Unreliable estimate1.9%2.2%3.4%
People per household 2.792.512.442.53
Drive alone 55%61%72%69%
Carpool 5%6%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 36%29%16%15%
Other means 2%2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.79 on average, against 2.51 in Wake County.

Many people here do not commute at all: 36% work from home; in Wake County, 29%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Apex?

A typical home costs more than the typical income allows

We start with a typical home in Apex, worth $576,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Apex, which is $144,135 a year. For that payment to be 28% of income, a household would need to earn about $199,634 a year. Note: at that price the loan is above the FHA limit for Wake County ($541,287), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Wake County.

Your numbers

Local data
$

Starts at the typical home value in Apex. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $20,164 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,658

at 7.18% · 30 years

Loan amount
$565,665
Total interest
$813,859
Paid off in
November 2056

Includes $9,729 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,363 a month

  • Tight

    $3,363 to $4,324 a month

  • Hard

    more than $4,324 a month

    Your payment · 39%

Compared with the typical household income in Apex ($144,135 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,658
Principal & interest$3,832
Property tax$331
Home insurance$240
FHA mortgage insurance (MIP)$255

This loan is over the FHA limit

You'd borrow $555,936, but the FHA limit for a one-unit home in Apex is $541,287. You'd need a bigger down payment or a different loan.

You need at least $20,164 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Apex and Wake County

Apex is in Wake County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Apex's own numbers

Typical home value
$576,100
Typical monthly rent
$1,902
Typical yearly household income
$144,135
Households that own their home
77%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Wake County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,689
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wake County.

Everything about Wake County

Buying

Buying a home in Apex

A typical home in Apex is worth $576,100: 25% above the county and 99% above North Carolina. With the typical household income in Apex ($144,135 a year), a typical home costs 4.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Apex 4.0 years
  • Wake 4.4 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Wake County

According to FHFA’s house price index, home prices in Wake County rose 107% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Wake County.

Period County North Carolina U.S.
Last year (2025) +1.0% +2.5% +2.9%
5 years (2020–2025) +57% +60% +47%
10 years (2015–2025) +107% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Apex next to Wake County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Apex $576,100
  • Wake $461,300
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Apex $1,902
  • Wake $1,623
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Apex $144,135
  • Wake $105,768
  • North Carolina $72,388
  • United States $80,734
See the full table
Apex next to Wake County and North Carolina
Measure Apex Wake County North Carolina U.S.
Typical home value $576,100 $461,300 $288,900 $332,700
Typical monthly rent $1,902 $1,623 $1,228 $1,413
Typical yearly household income $144,135 $105,768 $72,388 $80,734
Households that own their home 77% 64% 67% 65%
Typical yearly property tax $4,001 $3,260 $1,896 $3,119
Effective property tax rate 0.69% 0.71% 0.66% 0.94%
Renters with high rent for their income 44% 48% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Apex

For a typical $576,100 home in Apex, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Apex's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,658a month

    Above the FHA limit for Wake County ($541,287)
    Down payment
    $20,164
    Cash to close
    $37,447
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $255

  • Conventional, 5% down $4,553a month

    Least cash to close
    Down payment
    $28,805
    Cash to close
    $46,088
    Rate
    7.18%
    Mortgage insurance
    PMI · $274

  • Conventional, 20% down, no PMI $3,693a month

    Down payment
    $115,220
    Cash to close
    $132,503
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,226a month

    Down payment
    $86,415
    Cash to close
    $103,698
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Apex and for Wake County.

Property tax

Effective rate in Apex

0.69%of the home’s value each year

$4,001 a year for the typical owner in Apex.

  • Apex 0.69%
  • Wake 0.71%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Wake County

FEMA does not publish these numbers by city: they are for all of Wake County.

Homes in the high-risk zone
0.5%
1,680
Of those, with NFIP insurance
46%
County North Carolina U.S.
Homes in the high-risk zone 0.5% 2.8% 3.5%
Of those, with NFIP insurance 46% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Apex

Typical rent in Apex is $1,902 a month: 17% above the county. In Apex, 44% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Wake County, by unit size. To pay the 2-bedroom one ($1,689 a month) without spending more than 30% of your income, you would need to earn $32.48 an hour working full time.

HUD fair market rent for all of Wake County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,489 $28.63 $59,560
1 bedroom $1,552 $29.85 $62,080
2 bedrooms $1,689 $32.48 $67,560
3 bedrooms $2,103 $40.44 $84,120
4 bedrooms $2,823 $54.29 $112,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Apex

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Apex has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,990 in 27539 to $2,080 in 27523.

3 of the 3 are above the fair market rent for Wake County ($1,689).

  • 27502 $2,060$2,570
  • 27523 $2,080$2,580
  • 27539 $1,990$2,480

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Apex when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Apex

HUD lists 3 buildings with rents for lower incomes in Apex. These are the largest.

  • Beechridge Apts 610 Upchurch St, Apex 27502 72 low-income homes · 2 bd: 52 · 3 bd: 20 · In service since 1997 · For families
  • West Haven Apts 100 900 Peace Haven Place, Apex 27502 72 low-income homes · 2 bd: 48 · 3 bd: 24 · In service since 1998 · For families
  • Beechridge Apts II 610 Upchurch St, Apex 27502 32 low-income homes · 2 bd: 24 · 3 bd: 8 · In service since 2000 · For families

See all 195 buildings in Wake County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Apex

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 9 HUD-approved agencies with an office in Wake County; 7 say they serve in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Apex

No down payment, repair or rent-help program on our list is for Apex or Wake County. The ones below are statewide in North Carolina: they work in Apex the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Apex

The HUD-approved agencies closest to the center of Apex, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • White Oak Foundation, Inc.

    1624 White Oak Church Rd, Apex · 4 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (919) 362-6799

  • Navicore Solutions- Raleigh, NC

    4917 Waters Edge Dr, Raleigh · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (866) 472-4557

  • Cccs, A Division of Triangle Family Services, Inc.

    3937 Western Blvd, Raleigh · 11 miles away · Spanish

    Also serves in Arabic, American Sign Language (ASL), Cambodian, Cantonese, and 17 more languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (919) 821-0790

Every agency in Wake County All counseling agencies in North Carolina

Help in Spanish near Apex

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Apex

HUD’s record names them for Apex or Wake County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of Wake Public housing and Section 8 vouchers (919) 269-6404

2 other authorities have an office in Wake County: see the list Source: HUD

Cities

Other cities in Wake County

These cities are also in Wake County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Wake County Housing in North Carolina

Nearby cities

The cities closest to Apex, with the typical home value.

Neighboring counties

If Wake County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Apex.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Apex

Short answers with the numbers for Apex and all of Wake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Apex?

The typical home value in Apex is $576,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wake County it is $461,300.

How much does it cost to rent in Apex?

Typical rent in Apex is $1,902 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wake County is $1,689.

What is the FHA loan limit in Apex?

Apex uses the FHA limit for all of Wake County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Apex?

The typical homeowner in Apex pays $4,001 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Wake County, the rate is 0.71%.

Where can I find free help to buy or rent in Apex?

There are 9 HUD-approved counseling agencies with an office in Wake County. 7 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).