wake forest subdivisions (Raleigh, Durham, Rolesville: real estate, apartment, rental homes)

[ljd1010]

From what I have researched online, the median house price in Wake Forest in 2011 is $225,750.
Best Places to Live 2011 - Town details: Wake Forest, NC - from MONEY Magazine

[Grizzmeister]

Originally Posted by waggs

We are in the process of being relocated to Raleigh area. I have done a lot of research and it seems Wake Forest is a good area w/ good schools. I was wondering if anyone had suggestions about subdivisions that have a lot of children elementary school age. We currently live in a very family friendly, close knit neighborhood w/ many children. And would like that when we relocate. Any info would be a great help!

The Pemberley subdivision has a few homes for sale in the low 200's. What's good about this community is that it benefits from the halo effect of Heritage yet its homeowner’s association fee is only $140 a year which is cheap given the quality of the neighborhood. There are plenty of young children in Pemberley with a nice mix of professional parents and retirees. This area also has a pleasant blend of native Carolinians and transplants.

[DebbieF]

The 4 bedroom is what is going to hold you up here. I just went in the MLS and saw several in Wake Forest, Youngsville and Franklinton area for 130ish and under but 3 bedrooms. Now with 4 bedrooms I just saw a pretty cool victorian built in 1890 in Franklinton for 130k, and a 4 bedroom in Younsville for 129k. Few and far inbetween at that price.

[Grizzmeister]

Originally Posted by DebbieF

The 4 bedroom is what is going to hold you up here. I just went in the MLS and saw several in Wake Forest, Youngsville and Franklinton area for 130ish and under but 3 bedrooms.

Wow, at the current interest rate of around 4% for a 30 year fixed a 130 thousand dollar house would be dirt cheap monthly payment wise! Even a $200,000 house is under a $1,000 a month.

[weluvwakeforest]

This "weluvwakeforest" person would love to LEAVE Wake Forest. Why ? Higher property taxes, water/sewer, electric and rapidly declining property values come instantly to mind.

I would KILL to pay Raleigh tax rate.. Raleigh water rate and Raleigh electric rate !!!!!!

Please compare/contrast these things before you settle on any Wake Forest subdivision. Its pretty here but not worth it (IMHO)

It is possible to avoid Town of Wake Forest city taxes by moving out a bit... living in Wake County with a Wake Forest address... but the trade off is further from shopping, etc.

[soulpatch]

How about the Durham taxes, utilities, etc? How do those compare?

[RaleighLass]

I could be wrong, but I think Raleigh rates are the lowest in the area.

[VickiR]

Originally Posted by RaleighLass

I could be wrong, but I think Raleigh rates are the lowest in the area.

Smaller towns have higher tax rates because there are less people to pay the taxes. Larger towns have lower tax rates.

I always assumed it would be the opposite, as many folks do!

Vicki

[lb27608]

Originally Posted by RaleighLass

I could be wrong, but I think Raleigh rates are the lowest in the area.

In Wake County, the lowest property tax rates can be found in Cary. Raleigh's rates are just slightly higher.

Wake County Tax Rates and Fees

I'm not sure about utilities, but I can confirm what weluvwakeforest said about WF's rates being high. When I moved there in 2000 from Raleigh, I was shocked at how much higher the water and electric rates were (this was before the water system merged with Raleigh). Then I moved to Southern California in 2004, essentially to an urbanized desert, and my water bill there was approximately half of what I paid in Wake Forest every month even though we used more water. As I understand it, those water rates in WF have come down a good bit since the merger, though.

[soulpatch]

Have you moved back from SoCal to Durham?
If so, how are your utilities now compared to then?

Originally Posted by lb27608

In Wake County, the lowest property tax rates can be found in Cary. Raleigh's rates are just slightly higher.

Wake County Tax Rates and Fees

I'm not sure about utilities, but I can confirm what weluvwakeforest said about WF's rates being high. When I moved there in 2000 from Raleigh, I was shocked at how much higher the water and electric rates were (this was before the water system merged with Raleigh). Then I moved to Southern California in 2004, essentially to an urbanized desert, and my water bill there was approximately half of what I paid in Wake Forest every month even though we used more water. As I understand it, those water rates in WF have come down a good bit since the merger, though.