27587 — Wake Forest, NC Home Values
Typical home value $516,188 as of June 2026 · 16th of 47 in Raleigh-Cary, NC
Blue: typical home value (Zillow ZHVI) in ZIP code 27587, June 2021 to June 2026. This page shows observed data only; no forecast.
How 27587 compares in the Raleigh-Cary, NC area
ZIP code 27587 (Wake Forest, NC) has a typical home value of $516,188 as of June 2026, ranking 16th of 47 ZIP codes tracked in the Raleigh-Cary, NC area, more expensive than about 68% of ZIP codes in the metro. Prices here have moved -1.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +27.6%, from $404,592 in June 2021 to $516,188 in June 2026. Against observed rent, the typical home here sells for 23.9× the annual rent ($1,801/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Raleigh-Cary, NC forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Raleigh.
Population and demographics
ZIP code 27587 has a population of 81,902, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 70.9% White, 14.8% Black or African American, 7.2% Hispanic or Latino, 4% two or more races, 2.4% Asian, 0.4% another race, 0.2% Native Hawaiian or Pacific Islander, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| North Wake College and Career Academy | 931 Durham Rd, Wake Forest, NC | 0.6 mi |
| North Forest Pines Elementary | 11501 Forest Pines Drive, Raleigh, NC | 1.9 mi |
| Forest Pines Drive Elementary | 11455 Forest Pines Drive, Raleigh, NC | 1.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 27587?
$516,188 as of June 2026, the latest month Zillow has published observed data for.
Is 27587 an expensive ZIP code in the Raleigh-Cary, NC area?
27587 ranks 16th of 47 ZIP codes in the Raleigh-Cary, NC area by typical home value, more expensive than about 68% of ZIP codes in the metro.
How much have home values in 27587 changed over the past year?
-1.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 27587?
The typical home price is 23.9× the observed annual rent in this ZIP code ($1,801/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 27587?
81,902, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 27587?
North Wake College and Career Academy (0.6 mi), North Forest Pines Elementary (1.9 mi), Forest Pines Drive Elementary (1.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 27587?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Raleigh-Cary, NC forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.