Apex Home Prices: $633K, Down 1.7% — 3 ZIPs Analyzed (2026)

$632,642. That’s the typical home value in Apex, NC as of February 2026. Prices are down 1.7% over the past year, and the monthly trend shows twelve straight months of small declines.

Quick answer: The average home price in Apex, NC is $632,642 as of February 2026, down 1.7% year over year according to Zillow.

Current Home Prices in Apex

The typical Apex home is worth $632,642. A year ago it was about $643,679. That’s an $11,037 drop — not a crash, but a steady slide.

Apex sits in the Raleigh-Cary metro and remains one of the pricier towns in the Triangle. Values across the three ZIPs span a wide gap: the cheapest ZIP comes in at $565,482, and the most expensive at $733,578. That’s a $168,096 spread within one small town.

The decline is broad-based. Every ZIP has come down from its 2025 peak, and the city-wide figure has fallen each of the last 12 months. The pace is slow — roughly $500 to $2,000 per month — so there’s no sign of a sudden correction.

For context, Apex remains well above the Raleigh city median and sits closer to Cary’s price band. If you’re searching under $500,000, you’ll find very little here.

Apex Home Prices by Neighborhood

Three ZIP codes cover Apex. Prices separate them cleanly.

Most Expensive

• 27523 — $733,578. This ZIP sits about $101,000 above the city median and runs $168,000 above the cheapest corner of Apex. It’s the high end of the local market.
• 27539 — $598,867. The middle tier, roughly $34,000 below the city median and the value pocket for buyers who want an Apex address without the 27523 premium.
• 27502 — $565,482. The lowest-priced ZIP is still the third-most-expensive because Apex only has three. Even the “cheap” end is well above the state average.

Most Affordable

• 27502 — $565,482. Lowest purchase price, but rents here are the highest at $2,129. That inverted relationship suggests strong rental demand relative to home values.
• 27539 — $598,867. Rents sit at $1,689, the lowest of the three despite a mid-range home price. Better rent-to-price ratio for owners than for renters.
• 27523 — $733,578. The premium ZIP rents for $1,822 — cheaper than 27502 despite homes costing $168,096 more.

Rent vs Buy in Apex

Renting wins on monthly cost. The three ZIPs show typical rents between $1,689 and $2,129, with a weighted feel around $1,900 per month.

Buying the median $632,642 home with 20% down ($126,528) leaves a $506,114 loan. At a 7% 30-year rate, principal and interest alone run about $3,367 per month. Add property taxes (North Carolina averages 0.8%, so roughly $421 monthly on this home), homeowner’s insurance ($150-$200), and you’re near $3,950 before any HOA fees.

The gap is roughly $2,000 per month. That’s the cost of building equity versus flexibility.

One wrinkle: 27502 rents at $2,129 are 11% above 27523 rents of $1,822 despite homes in 27523 costing 30% more. If you want to buy in a cheap ZIP and rent in a cheap ZIP, those aren’t the same place.

Population Growth and Migration

Apex is one of the fastest-growing towns in North Carolina. The Census estimates show 65,212 residents in 2020 and 75,977 in 2024 — a gain of 10,765 people, or 16.5% over four years.

Growth didn’t stall. Every year added between 1,600 and 3,200 residents. The 2023-to-2024 jump of 3,181 was the largest in the period.

Compared to other NC cities, Apex is growing roughly twice as fast in percentage terms:

That’s the housing backdrop. Prices are falling slightly even as population rises at double the rate of nearby cities. That usually points to supply catching up — new construction in the Raleigh-Cary metro has been heavy — rather than demand weakening.

Apex Housing Market Trends

The trend is one-directional: down, slowly, every month.

The total drop over 12 months is $11,037, or about 1.7%. The monthly decline shrank as the year went on — the June-to-July drop was $2,281, but January-to-February was only $487. That deceleration suggests the market is approaching a floor rather than accelerating downward.

The max value (highest ZIP) fell from $747,372 in March 2025 to $733,578 in February 2026 — a steeper $13,794 drop. The min value held up slightly better, falling from $576,626 to $565,482, an $11,144 decline. High-end homes lost more in absolute dollars.

Is Apex a Good Place to Buy in 2026?

The data argues for patience. Prices have fallen 12 months in a row. If you believe the monthly deceleration continues, the bottom is likely close — but “close” isn’t “now.”

You’d want to buy if: you’re staying 7+ years, you need to be in this specific town (schools, commute), and you can comfortably afford the $3,900+ monthly carrying cost on the median home.

You’d want to wait if: you’re flexible on location, you haven’t saved the full 20% down payment ($126,528 on the median), or you think the decline has room to run. Renting at $1,900 versus buying at $3,900 saves you $24,000 a year — a real buffer while the market settles.

It’s a mild buyer’s market. Sellers have been cutting prices all year, and population growth hasn’t reversed the trend.

Apex Housing Market Outlook for 2026-2027

The 3-month trend tells the clearest story. Between December 2025 and February 2026, prices fell $1,122 — roughly $374 per month. That’s less than a third of the pace seen in mid-2025.

If the current pace continues, Apex could approach a flat or slightly negative year through 2026. The deceleration is the key signal: markets usually slow before they turn.

Population growth of 16.5% over four years provides a demand floor. What breaks the downtrend will likely be some mix of mortgage rate relief and absorption of new inventory across the Raleigh-Cary metro. Neither of those is visible in this dataset, so the honest answer is: the trend is softening, but calling a specific turn point would be guessing.

Similar Markets in NC

• Raleigh — The metro anchor, typically priced below Apex with far more inventory.
• Cary — Apex’s neighbor, similar price band and school profile.
• Durham — Cheaper than Apex with strong job growth, a common alternative for Triangle buyers.
• Charlotte — Largest NC market, different metro but similar growth story at lower prices.
• Asheville — Mountain market for buyers who want NC without the Triangle commute.

Frequently Asked Questions

What is the average home price in Apex?

The average home price in Apex, NC is $632,642 as of February 2026. That figure is the Zillow Home Value Index average across the town’s three ZIP codes: 27502, 27523, and 27539.

Are home prices going up or down in Apex?

Prices are down. The year-over-year change is -1.7%, and values have fallen each month for 12 straight months — from $643,679 in March 2025 to $632,642 in February 2026.

Is it cheaper to rent or buy in Apex?

Renting is cheaper by roughly $2,000 per month. Typical rents run $1,689 to $2,129 across the three ZIPs, while buying the median $632,642 home with 20% down costs about $3,963 monthly after taxes and insurance.

What is the most affordable neighborhood in Apex?

ZIP 27502 is the cheapest at $565,482. That’s $67,160 below the city median and $168,096 below the priciest ZIP, 27523.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.