Fuquay-Varina, North Carolina Housing Market Prices
Fuquay-Varina 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 80% above the North Carolina median$499,841
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Median rent 33% above the North Carolina median$1,628
Housing Market Overview
| Metric | Fuquay-Varina | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $499,841 | $278,288 | $248,835 |
| Price Trend (Annual %) | 19.8% | 9.3% | 7.5% |
| Median Gross Rent | $1,628 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fuquay-Varina is about 80% higher than in North Carolina. Rent is about 33% 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 Fuquay-Varina, up about 19.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Fuquay-Varina rose about 86.0% between 2015 and 2024, from $876 to $1,628. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Fuquay-Varina.
Buying the median-priced home in Fuquay-Varina costs roughly 25.6 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 Fuquay-Varina. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Fuquay-Varina | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $499,841 | $278,288 | $248,835 |
| Median Household Income | $108,365 | $72,438 | $80,455 |
| Price-to-Income Ratio | 4.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fuquay-Varina rose about 134.6%, while median household income rose about 59.1% 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 | Fuquay-Varina | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.7% | 58.3% | 58.5% |
| Rental Rate | 21.3% | 29.2% | 31.2% |
| Vacancy Rate | 5.9% | 12.5% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Fuquay-Varina has a homeownership rate of 72.7%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 5.9%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Fuquay-Varina | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 2007 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Fuquay-Varina was built around 2007. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 10.0 years on average.
Fuquay-Varina, NC Housing Compared With Nearby Cities
How Fuquay-Varina, NC compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fuquay-Varina, NC | 24,602 | $499,841 #2/2 | $1,628 #2/2 | 77.3% #1/2 |
| Apex, NC | 47,941 | $859,712 | $1,928 | 77.3% |
Frequently Asked Questions
Common questions about the housing market in Fuquay-Varina, North Carolina.
What is the median home price in Fuquay-Varina, North Carolina?
The median home price in Fuquay-Varina, North Carolina is $499,841, higher than the North Carolina average of $278,288.
What is the average home price in Fuquay-Varina, North Carolina?
The typical home price in Fuquay-Varina, North Carolina, reported as the median sale price, is $499,841. 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 Fuquay-Varina, North Carolina?
The median gross rent in Fuquay-Varina, North Carolina is $1,628 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Fuquay-Varina in 2020?
In 2020, the median gross rent in Fuquay-Varina, North Carolina was $1,186 per month.
What is the price-to-rent ratio in Fuquay-Varina, North Carolina?
The price-to-rent ratio in Fuquay-Varina, North Carolina is about 25.6, meaning it would take roughly 25.6 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 Fuquay-Varina.
Are home prices or rent rising faster in Fuquay-Varina, North Carolina?
Both home prices and rent are rising in Fuquay-Varina, up about 19.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fuquay-Varina, North Carolina?
72.7% of households in Fuquay-Varina, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Fuquay-Varina, North Carolina?
The housing vacancy rate in Fuquay-Varina, North Carolina is 5.9%, lower than the North Carolina average of 12.5%.
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