Apex, North Carolina Housing Market Prices
Apex Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 209% above the North Carolina median$859,712
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Median rent 57% above the North Carolina median$1,928
Housing Market Overview
| Metric | Apex | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $859,712 | $278,288 | $248,835 |
| Price Trend (Annual %) | 39.8% | 9.3% | 7.5% |
| Median Gross Rent | $1,928 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 6.9% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Apex is about 209% higher than in North Carolina. Rent is about 57% higher than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Apex, up about 39.8% and 6.9% a year respectively. Home prices are changing faster.
Median rent in Apex rose about 76.2% between 2015 and 2024, from $1,095 to $1,928. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 6.1 yearly household incomes in Apex.
Buying the median-priced home in Apex costs roughly 37.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Apex. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Apex | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $859,712 | $278,288 | $248,835 |
| Median Household Income | $140,025 | $72,438 | $80,455 |
| Price-to-Income Ratio | 6.1 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Apex rose about 379.6%, while median household income rose about 48.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Apex | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.2% | 58.3% | 58.5% |
| Rental Rate | 21.5% | 29.2% | 31.2% |
| Vacancy Rate | 5.3% | 12.5% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Apex has a homeownership rate of 73.2%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 5.3%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Apex | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 2005 | 1989 | 1978 |
| Median Number of Rooms | 6.9 | 5.6 | 5.5 |
The typical housing unit in Apex was built around 2005. On average, 2.7 people live in a home with about 6.9 rooms, staying for about 11.0 years on average.
Apex, NC Housing Compared With Nearby Cities
How Apex, NC compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Apex, NC | 47,941 | $859,712 #1/2 | $1,928 #1/2 | 77.3% #1/2 |
| Cary, NC | 159,804 | $445,474 | $1,726 | 63.8% |
Frequently Asked Questions
Common questions about the housing market in Apex, North Carolina.
What is the median home price in Apex, North Carolina?
The median home price in Apex, North Carolina is $859,712, higher than the North Carolina average of $278,288.
What is the average home price in Apex, North Carolina?
The typical home price in Apex, North Carolina, reported as the median sale price, is $859,712. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Apex, North Carolina?
The median gross rent in Apex, North Carolina is $1,928 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Apex in 2020?
In 2020, the median gross rent in Apex, North Carolina was $1,404 per month.
What is the price-to-rent ratio in Apex, North Carolina?
The price-to-rent ratio in Apex, North Carolina is about 37.1, meaning it would take roughly 37.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Apex.
Are home prices or rent rising faster in Apex, North Carolina?
Both home prices and rent are rising in Apex, up about 39.8% and 6.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Apex, North Carolina?
73.2% of households in Apex, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Apex, North Carolina?
The housing vacancy rate in Apex, North Carolina is 5.3%, lower than the North Carolina average of 12.5%.
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