TABLE: 4.A.5
Housing Trends and Changes by Tenure, 2010-2025
Northeast Community Study Area and Wake Forest Town, NC
Study Area
Wake Forest
Count
Percent
Count
Percent
Housing Unit Type The housing stock in both the study area and the Town of Wake Forest predominantly consists of single-family homes, though the single-family home (detached and attached) percentage in the study area falls behind the Town at 69.7% versus 80.7%, according to American Community Survey 2014-2018 Estimates. Other than structures with two to four units, the study area’s percentage for all multi-unit structures (five or more units) is higher than the Town (23.5% versus 13.5%). Also, structures with ten or more units make up 15.6% of the study area’s housing count, compared to 10.0% in the Town during the same period (Table 4.A.6). The study area’s higher percentage of multi- unit structures, which are usually rental units, resonates with its larger share of renter households than is the case for the Town of Wake Forest. These are most likely occupied by younger one- or two-person households, though the homeownership rate in the study area has been rising. This also likely means that some renters may be renting houses with poorer conditions for a lower price, and parts of the housing stock in the study area may need repairs to prevent deterioration and neighborhood blight, which can be a challenge for lower income households.
production of housing units between 2000 and 2009 with units built in this period accounting for 42.2%; the Town has added another 20.2% since 2010, back to the pre- recession level. In comparison, the study area added its largest portion (35.6%) of units between 1990 and 1999 and has since seen declining new unit production over the decades (Table 4.A.7).
2010
Owner-Occupied Units
309
44.4%
7,722
67.4%
Renter-Occupied Units
295
42.4%
2,875
25.1%
Total Occupied Units
604
86.8%
10,597
92.5%
Vacant Units
92
13.2%
863
7.5%
Total Units
696
100.0% 11,460
100.0%
2020
TABLE: 4.A.6
Owner-Occupied Units
436
58.6%
12,044
69.6%
Housing Stock by Unit Type (ACS 2014-2018 Estimates)
Renter-Occupied Units
232
31.2%
4,158
24.0%
Northeast Community Study Area and Wake Forest, NC
Total Occupied Units
668
89.8%
16,202
93.6%
Study Area
Wake Forest
Count
Percent
Count
Percent
Vacant Units
76
10.2%
1,111
6.4%
Single Family (Detached)
520
61.1% 9,809
67.2%
Total Units
744
100.0% 17,313
100.0%
Single Family (Attached)
73
8.6% 1,981
13.6%
2025
2 to 4 Units
26
3.1% 722
4.9%
Owner-Occupied Units
460
58.2%
13,409
69.6%
5 to 9 Units
67
7.9% 509
3.5%
Renter-Occupied Units
255
32.2%
4,709
24.4%
10 or More Units
133
15.6% 1,460
10.0%
Total Occupied Units
715
90.4%
18,118
94.0%
Mobile Home/Other
32
3.8% 124
0.8%
Vacant Units
76
9.6%
1,158
6.0%
Total
851
100.0% 14,605
100.0%
Total Units
791
100.0% 19,276
100.0%
4
4
TABLE: 4.A.7
Actual Chg.
Ann. % Chg.
Actual Chg.
Ann. % Chg.
Housing Stock by Structure Year Built, 2020 Northeast Community Study Area and Town of Wake Forest, NC Study Area Wake Forest Count Percent Count Percent 2010-Present 112 13.2% 2,954 20.2% 2000-2009 200 23.5% 6,159 42.2%
Change 2010-2020
Owner-Occupied Units
127
4.1%
4,322
5.6%
Renter-Occupied Units
(63)
-2.1%
1,283
4.5%
Total Occupied Units
64
1.1%
5,605
5.3%
Year Built The study area’s housing stock is
Vacant Units
(16)
-1.7%
248
2.9%
48
0.7%
5,853
5.1%
Total Units
proportionally older than that found in the Town of Wake Forest, with 63.3% of its housing units built before 2000, compared to 37.6% in the Town. At the same time, the study area appears to be slowing down in housing unit production, while the Town is still growing. The Town saw a boom in the
1990-1999
303 35.6% 2,988
20.5%
Change 2020-2025
1980-1989
85 10.0% 951
6.5%
Owner-Occupied Units
24
1.1%
1,365
2.3%
Renter-Occupied Units
23
2.0%
551
2.7%
Before 1980
151 17.7% 1,553
10.6%
Total Occupied Units
47
1.4%
1,916
2.4%
851 100.0% 14,605
100.0%
Total
Vacant Units
0
0.0%
47
0.8%
Credit: ESRI and RKG Associates, Inc., 2021
Credit: ESRI and RKG Associates, Inc., 2021
47
1.3%
1,963
2.3%
Total Units
Chapter 4: Appendix
Northeast Community Plan
100
101
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