Wake County, North Carolina Court Filings Intelligence

• Filing volume cooling (-94.6%) — last 2 complete months (2 filings) vs prior 2 complete months (37 filings). Excludes the current calendar month (in progress).
• 28.2% off-site owners — share of filings where the owner's mailing address differs from the property address. Could be out-of-state landlords, inherited estates, second homes, or in-transition properties (we don't distinguish; the underlying signal is "not living there").
• Max gross cap rate 6.2% at HUD Fair Market Rent — $21,000/year (2BR FMR × 12) on the $340,000 median estimated market value. Section-8-eligible rent ceiling; real-market rent typically exceeds FMR; excludes operating costs (taxes, insurance, maintenance, vacancy, management).
• 87.2% of filings are Pre-Foreclosure — the dominant lead category in Wake County during the observed window.

About Wake County

Wake County is a county located in the U.S. state of North Carolina. As of the 2020 census, its population was 1,129,410, making it North Carolina's most populous county. From July 2005 to July 2006, Wake County was the 9th-fastest growing county in the United States, with Cary and Raleigh being the 8th- and 15th-fastest growing communities, respectively.

Source: Wikipedia

At a glance

Filing type breakdown

Each row is a distinct case verified for current owner-of-record before inclusion.

Monthly filing activity

Each row reflects new filings entering the dataset that month, after ownership verification. Most recent month may be partial.

Geographic concentration by ZIP

Top 10 ZIPs in Wake County account for 69.2% of all tracked filings, showing where distressed real estate activity clusters.

Based on filings with a parseable property address (92% of Wake County filings).

Property value distribution

Source: third-party property enrichment (100% coverage on Wake County filings). Median $340,000; mean $393,977.

Day-of-week filing pattern

Filings cluster Monday through Friday, with weekend filings essentially absent (court system closed). Computed for 39 filings with a parseable date.

Building characteristics

Per-property details from third-party property enrichment, aggregated across the 39 filings with characteristic data:

Property characteristics

Parcel-level detail for the 35 Wake County filings that match county GIS records:

Source: Wake County public parcel data via the county's GIS REST API. Court records are public information.

Housing stock + distress signals

Underlying housing stock and distress indicators across all 481999 Wake County housing units, from US Census ACS 5-year data. National reference values shown for context.

Source: US Census Bureau American Community Survey (ACS 2023 5-year). National reference values are ACS 2022 5-year US totals. Why these matter: vacancy rate is the strongest single proxy for distressed inventory; mortgage-carrying share defines the risk pool exposed to rate environment; pre-1940 stock signals deferred maintenance and renovation opportunity; senior population correlates with probate pipeline depth.

Rent benchmark (HUD Fair Market Rent)

HUD sets Fair Market Rents at the metro area level — the same FMRs apply to every county within the metro. Wake County sits within the Raleigh-Cary, NC (FY 2026). Used to set Section 8 voucher amounts; investors use it as a defensible rent-estimate floor for buy-to-rent underwriting.

Source: US Department of Housing and Urban Development, Fair Market Rents (2026). 40th-percentile gross rent including utilities. Why this matters: Section-8-eligible tenants are a baseline demand floor for rental inventory at these price points; FMR is the official ceiling for voucher-eligible rents.

New construction (market momentum)

Annual building permits filed in Wake County from the US Census Building Permits Survey. Trend signal on whether new housing demand is accelerating or contracting in this market.

Source: US Census Bureau Building Permits Survey, annual cumulative data. Why this matters: permits trending up signals strong demand for new inventory; permits contracting at the same time foreclosure activity rises indicates broader market softening (deals price differently). Multifamily share shows whether the market is densifying or holding to single-family stock.

Macro context: state home prices and national delinquency

Wake County filings should be read against the broader housing-market backdrop. North Carolina state home-price trend and the national mortgage-delinquency rate are the two macro signals most directly relevant to foreclosure exposure.

Sources: Federal Housing Finance Agency state house price indices (FRED series NCSTHPI); Federal Reserve Board, Mortgage Delinquency 30+Day Rate on Single-Family Residential Mortgages (FRED series DRSFRMACBS). Updated quarterly. Free public data.

Post-filing sale outcomes in Wake County

What happens to distressed properties after a court filing? By cross-referencing each filing's property with county assessor and deed-transfer records, we track which properties sold, how long the process took, and at what price. This analysis covers 1821 filings (68.0% of all 2677 filings) where parcel-level tracking is available.

Time from filing to sale

How quickly do distressed properties sell after a court filing is recorded? This distribution shows where post-filing sales cluster.

Sale rates by filing type

Not all distress types lead to property sales at the same rate. Foreclosures tend to result in eventual sales more often than probate or divorce filings.

How sales relate to the filing

Not every post-filing sale is caused by the court case. We classify each sale's relationship to the original filing so investors can focus on the highest-signal outcomes. 12.5% of confirmed sales were directly driven by the filing.

Source: county assessor and deed-transfer records cross-referenced with court filings by parcel ID. Sale outcomes tracked for 1821 of 2677 filings (68.0% parcel coverage). Timing based on 8 sales with valid filing and sale dates.

FEMA flood zone exposure

Are distressed properties concentrated in flood-prone areas? By checking each property's coordinates against FEMA's National Flood Hazard Layer, we identify which filings fall in Special Flood Hazard Areas (mandatory flood insurance zones). This analysis covers 1716 properties with geocoded locations.

Source: FEMA National Flood Hazard Layer (NFHL), queried by property coordinates. Zones A/AE/AH/AO/V/VE are Special Flood Hazard Areas (1% annual flood chance, mandatory flood insurance). Zone X is minimal risk. 1716 properties checked.

Filing velocity by case type

How each distress category is trending — are foreclosures accelerating while divorces cool, or vice versa? This breakdown is only possible with direct court-record data.

Trend = recent 2-3 month volume vs prior 2-3 months (current partial month excluded). Positive = accelerating; negative = cooling.

ZIP code distress hotspots

Distress shows moderate geographic concentration — the top 5 ZIP codes represent 43.6% of filings.

Top 10 of 19 ZIP codes with filings.

Non-resident owner analysis

28.2% of filings involve non-resident owners. Pre-Foreclosure filings show the highest absentee rate (20.6%), suggesting investor-owned properties concentrated in that category.

Non-resident = owner's mailing address differs from the property address. Could indicate out-of-state landlords, inherited estates, second homes, or in-transition properties.

Court Docket Activity

Across 33 tracked cases, the average case has 13 docket entries (median 9). 42.4% of cases are in the "mid-process (6-15 events)" stage. Guardianship cases are the most court-active at 13.3 events on average. Higher docket activity signals that courts are actively processing the case, which can indicate timeline urgency for investor outreach.

Based on 33 cases with docket event tracking from Wake County court records. Docket entries include filings, hearings, orders, and motions.

Property Value Profile

The median assessed value of properties in court filings is $340,000. The largest segment (79.5%) falls in the $250K - $500K range.

Based on county assessor records for 39 properties with court filings (100.0% of total filings). Values are tax-assessed amounts, not market listing prices.

Investment Opportunity Score by ZIP Code

Across 5 ZIP codes with sufficient court filing data, ZIP 27616 (Raleigh) ranks highest with an investment opportunity score of 60/100, driven by high filing volume (5 cases). 2 of 5 scored ZIPs are above the average score of 35.

Based on 39 court filings across 5 ZIP codes. ZIPs with fewer than 3 filings are excluded. Property values from county assessor records. Absentee status from property ownership verification.

Distress Capital Analysis

$15,365,120 in assessed property value is currently tied up in 39 court-filed properties. Pre-Foreclosure filings represent the largest capital pool ($13,699,120 across 34 properties).

Capital at Risk by Filing Type

Based on 39 properties with assessor valuations (100.0% of 39 total filings). Values are county assessor estimates. Equity calculated from estimated value vs outstanding mortgage balance where available.

Market Absorption & Turnover Analysis

2,677 court filings tracked with 0 resolved (0.0% absorption rate). The court system is accumulating cases faster than they resolve, creating a growing backlog of 2,677 active cases.

Resolution by Case Type

Absorption rate measures the percentage of filed cases that have reached a terminal resolution (judgment, dismissal, settlement, or sale). A low absorption rate indicates a growing backlog of active cases in the court system. Resolution timing based on 0 resolved cases out of 2677 total filings.

Property Type Distribution

93.8% of distressed properties are classified as Residential, followed by Vacant Land (3.4%).

Property classifications from county assessor records for 1,744 properties (65.1% of total filings). Categories normalized from assessor codes.

Case Aging & Stall Analysis

33 cases (1.2%) have been active for over a year without resolution. 144 filings in the last 30-90 days represent fresh opportunities.

Case aging computed from filing date to present for unresolved cases. Resolution classified from court docket entries (judgments, settlements, dismissals, sheriff sales). Cases with a resolution event are removed from the stall count.

Property Age & Distress Profile

1,689 filings (63.1% of scope) have year-built data. 2000+ properties are most common (42%).

Value trend: 2000+ properties average $532,631 — 1.15x the value of Pre-1960 stock ($461,777).

Construction year sourced from county tax assessor records. Value is assessed value from the most recent available tax assessment. Resolution timing based on court docket events.

Property Value Distribution

The median property value in distressed filings is $405,612, with the largest concentration (42.5%) in the $300K–$500K range. Probate filings have the highest median value ($433,767) while Pre-Foreclosure filings are lowest ($360,426).

Assessed property values from county assessor records for 1,808 properties (67.5% of total filings). Values reflect tax-assessed amounts, not market price.

Ownership Duration Before Filing

The median ownership duration before a court filing is 16.0 years, with 63.8% of owners holding the property 10+ years (a strong equity signal for investors). Probate cases show the longest tenure (19.6 yr median) vs. Pre-Foreclosure (10.3 yr).

Duration calculated from last recorded property sale to court filing date for 1,506 properties (56.3% of total filings). Longer ownership often correlates with higher equity.

Repeat litigation patterns in Wake County

Of 2,561 unique property owners in court filings, 23 (0.9%) appear in multiple cases, including 4 with 3 or more filings. The most active repeat filer has 4 cases. Partition cases have the highest repeat rate at 16.7%.

Repeat rate by case type

Analysis based on 2,561 unique owner names across court filings. Repeat filers are property owners appearing in 2 or more distinct cases.

Serial distressed properties in Wake County

Of 1,724 unique properties in court filings, 70 (4.1%) have multiple filings (averaging 2.4 filings per property). Guardianship properties have the highest repeat rate at 13.2%.

Serial distress rate by case type

Analysis based on 1,724 unique property addresses across court filings. Serial distressed properties have 2 or more distinct case filings at the same address.

Land vs improvement value composition

Across 1,691 properties with assessed value breakdowns, the median land share is 28.2% (median land value $110,000, median improvement value $282,792). 206 properties (12.2%) are land-dominant (50%+ land value) — potential teardown or vacant-lot targets. Partition cases skew most land-heavy (median 58.9%) while Pre-Foreclosure skews most improvement-heavy (24.3%).

Land share distribution

Land share by case type

Analysis of 1,691 properties (63.2% of filings) with assessed land and improvement value breakdowns.

Prior sale value trajectory

Across 1,564 properties with purchase and assessed value data, the median value change since purchase is +99.3%. 203 properties (13.0%) are underwater (current assessed value below purchase price). Short-hold owners (<5 yr) show a median +0.2% value change vs +138.9% for long-hold (10+ yr). Guardianship cases have the highest underwater rate (22.7%) while Probate has the lowest (11.6%).

Value change distribution

Holding period vs value change

Value trajectory by case type

Analysis of 1,564 properties (58.4% of filings) with both prior sale price and current assessed value data.

Methodology and data sources

• Court filings are collected directly from Wake County court records, which are public information.
• Every filing in this dataset has been verified for current owner-of-record. Entity-owned filings (LLCs, trusts, banks) and properties where the named party is not the current owner are excluded.
• Property value figures come from third-party enrichment (100% coverage on this dataset).
• Individual case data, defendant names, and property addresses are not published. Reports show aggregated statistics only.
• The methodology page at /reports/methodology documents data sources, sample sizes, and known limitations in detail.
• This report was generated 2026-07-12 from the live database. Numbers reflect the dataset at that moment.

Top cities for filings within Wake County

Where filings concentrate inside Wake County, by parsed property city or township.

Share is computed against filings with a parsed property city (not against total Wake County filings — addresses missing the city portion are excluded from the denominator). Top 5 shown; smaller cities aggregate into the long tail.

Related North Carolina guides

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