Apex, NC—27502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Apex, NC
As of Oct '25, the median home price in Apex, NC is $569,000, with a year-over-year change of -2.2%. This indicates that home prices in Apex, NC are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $569,000 | -2.2% |
| Single Family | $571,000 | -2.2% |
| Condos | $387,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $327,000 | -5.2% |
3 Bed | $464,000 | -3.1% |
4 Bed | $600,000 | -2.0% |
| 5 Bed | $836,000 | -0.6% |
% of Housing Stock
Rental Trends — Apex, NC
As of July '25, Rentcast reports the average rent in Apex, NC is $2,120, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Apex, NC is 1-bedrooms: $1,360, 2-bedrooms: $1,670, 3-bedrooms: $2,180, 4-bedrooms: $2,490. The most common rental property sizes in Apex, NC are 3-bedroom and 2-bedroom, accounting for 41.0% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,370 | $1,360 |
| 2 Bed Rent | $1,630 | $1,670 |
| 3 Bed Rent | $2,150 | $2,180 |
| 4 Bed Rent | $2,450 | $2,490 |
% of Rental Stock
Property Listings — Apex, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Apex, NC is 38. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $531,000 | -8.0% |
Listing Count | 282 | 9.0% |
| Listings as % of Homes | 1.4% | 9.0% |
Days on Market | 38 | 6.0% |
Demographics — Apex, NC
As of the latest ACS Survey released in 2023, Apex, NC has a population of 47,400, which has increased by 17.8% over the past 5 years. Apex, NC is a popular place for families, as children make up 28.7% of the population. The area has a highly educated workforce, with 66.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,400 | 17.8% |
% Under 18 | 28.7% | -5.0% |
% Seniors | 9.7% | 12.8% |
% WFH | 30.6% | 212.2% |
% w/ College Degree | 66.0% | 4.9% |
As of the latest ACS Survey released in 2023, Apex, NC is a predominantly white area, with 67.2% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Apex, NC is asian, making up 13.2% of the population. Foreign-born residents account for 14.1% of the population in Apex, NC, and this percentage has increased by 34.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.2% | -12.7% |
% Black | 7.2% | 5.9% |
% Hispanic | 7.6% | 2.7% |
% Asian | 13.2% | 109.5% |
% Foreign Born | 14.1% | 34.3% |
Mortgage and Risk — Apex, NC
According to HUD data as of 2023, there were 156 mortgage originations in Apex, NC, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Apex, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 156 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Apex, NC
As of 2024, the percent of homes in Apex, NC under the Section 8 program is 1.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Apex, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 74 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $1,370 | $1,940 |
| 2 Bedroom | $520 | $1,630 | $2,150 |
| 3 Bedroom | $520 | $2,150 | $2,670 |
| 4 Bedroom | $1,160 | $2,450 | $3,610 |
Affordability — Apex, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $569,000 |
| Median Household Income | $137,000 |