What is the rental yield in Heritage Reserve, Wake Forest, North Carolina?

The gross yield in Heritage Reserve, Wake Forest, North Carolina is 4.1%. That sits alongside pricing in line with the city median and about 10% below the state median. Over the past year, prices are down 1.2%, while the Red Flag score is 77.

How has Heritage Reserve changed over the past year?

Prices in Heritage Reserve, Wake Forest, North Carolina are down 1.2% over the past year. The neighborhood remains priced in line with the city median and about 10% below the state median, with a gross yield of 4.1% and a Red Flag score of 77.

How does Heritage Reserve compare with Wake Forest and North Carolina?

Heritage Reserve in Wake Forest, North Carolina is priced in line with the city median and about 10% below the state median. It also shows a 4.1% gross yield, a walkability of 37, and education in the 85th percentile, while the Red Flag score is 77.

Neighborhood

Heritage Reserve

Wake Forest, North Carolina US

Heritage Reserve in Wake Forest, North Carolina has a balanced investment profile, with pricing in line with the city median and about 10% below the state median. Gross yield is 4.1%, and prices are down 1.2% over the past year. The neighborhood has a Red Flag score of 77, walkability of 37, and education in the 85th percentile. The main strength is the school-score percentile; the main risk is the elevated Red Flag score.

AI Summary•Updated May 2026

Area

0.01 mi²

ZIP Code

27587

County

Wake County

State

North Carolina

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$523,595

YoY-1.2%

Gross Rental Yield

4.1%

Listed rent · ZORI annualized

Red Flag Index

High

77 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

85 / 100

Excellent · better than 85% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Heritage Reserve Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Heritage Reserve, Wake Forest.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$523,595	-1.2%
Price / Sq Ft (Verified)	$209/sqft	-0.4%
Asking Rent (Median)	$1,784/mo	-0.6%
Gross Rental Yield	4.1%	—
Liquidity Score	66 / 100	High
Homes Sold (Period)	416	-9.2%

Is Heritage Reserve Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited North Carolina crime context.

Red Flag Breakdown

77 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Hail100Very High

Wildfire80Very High

Hurricane80Very High

Heat80Very High

Earthquake60High

Tornado60High

Strong Wind40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): North Carolina averaged 23.4 crimes and 3.8 violent per 1,000 residents (-3.4% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Liquid resale market — liquidity 66/100

Active transaction volume — 416 homes sold last period

Flood risk is Very High (100/100)

Hail risk is Very High (100/100)

Insights are generated from Heritage Reserve's live DistrictScore metrics.

Heritage Reserve Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (North Carolina-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

5.5 µg/m³ Meets EPA, above WHO guideline-11.2% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Heritage Reserve centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 37% of U.S. neighborhoods.

North Carolina Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	23.4	3.8	-3.4%
2023	24.6	3.9	+1.3%
2022	24.8	4.0	-0.0%
2021	25.1	4.2	-5.6%
2020	26.5	4.2	-3.6%
2019	27.7	3.8	—

Reported at the state level — the finest official US crime aggregation; Heritage Reserve inherits the North Carolina figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Heritage Reserve

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Heritage Reserve

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

37

Car-Dependent

Walkability Score

0

Grocery

1

Dining

0

Schools

0

Universities

0

Hospitals

0

Pharmacies

0

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Heritage Reserve's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Heritage Reserve vs Wake Forest vs North Carolina

How Heritage Reserve benchmarks against its city and state medians.

Benchmark vs City & State

Across Heritage Reserve, the median sale price sits in line with the median for Wake Forest neighborhoods and about 10% below the statewide median. Gross rental yield is 4.1%, against 4.1% for Wake Forest neighborhoods and 4.1% statewide. Over the past 12 months, prices fell 1.2%. Transaction liquidity sits in line with the median for Wake Forest neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Heritage Reserve	$209/sqft	4.1%	66
Wake Forest	$209/sqft	4.1%	66
North Carolina	$233/sqft	4.1%	39

Unlock the Heritage Reserve benchmark

Compare Heritage Reserve against Wake Forest and North Carolina medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & North Carolina tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.62% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.25%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $1 per $500.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & North Carolina property-tax guidance for foreign buyers

Latest Wake Forest Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Heritage Reserve Real Estate FAQ

Heritage Reserve in Wake Forest, North Carolina presents a mixed profile. Pricing is in line with the city median and about 10% below the state median, gross yield is 4.1%, and prices are down 1.2% over the past year. The Red Flag score is 77, so risk is notable.

Neighborhoods near Heritage Reserve

Compare Heritage Reserve with nearby neighborhoods in Wake Forest.

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