Wake Forest, NC Profile: Facts, Map & Data

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Wake Forest, North Carolina - Basic Facts

The Town of Wake Forest had a population of 38,893 as of July 1, 2017. Wake Forest ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Wake Forest is located at latitude 35.9718 and longitude -78.5231 in Wake County. The formal boundaries for the Town of Wake Forest (see map below) encompass a land area of 15.35 sq. miles and a water area of 0.12 sq. miles. Wake County is in the Eastern time zone (GMT -5). The elevation is 390 feet.

While the primary coordinates for Town of Wake Forest are located in Wake County, it should be noted that the formal boundaries for this community also extend into and Franklin County.

The Town of Wake Forest (GNIS ID: 2406816) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Wake Forest is located within Township of Wake Forest, a minor civil division (MCD) of Wake County.

Beneath the boundary map are tables with Wake Forest population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Wake Forest: Town of Wake Forest College.


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Town of Wake Forest, NC Boundary Map



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Boundary Maps: Township of Wake Forest | Wake County | North Carolina Counties

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Wake Forest, NC Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 38,893
Daytime Population: Workers 14,096
Daytime Population: Residents 20,059
Total Daytime Population (TDP) 34,155
Ratio TDP/Total Population1 0.88
Population in Households 38,589
Population in Familes 33,567
Population in Group Qrtrs 304
Population Density2 2,534
Diversity Index3 49
 

INCOME

Median Household Income $69,139
Average Household Income $88,353
Per Capita Income $31,947

HOUSING

Total Housing Units 14,487 (100%)
Owner Occupied HU 9,100 (62.8%)
Renter Occupied HU 4,447 (30.7%)
Vacant Housing Units 940 ( 6.5%)
Median Home Value $258,234
Average Home Value $287,364
 

HOUSEHOLDS

Total Households 13,547
Average Household Size 2.85
Family Households 10,000
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 3.58% 2.99%
Households 3.54% 2.93%
Families 2.99% 2.82%
Median Household Income   2.71%
Per Capita Income   2.47%

Wake Forest, NC - Peer Comparisons by Rank and Percentile

The table below compares Wake Forest to the other 739 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 25 97th
Population Density # 17 98th
Diversity Index # 362 51st
Median Household Income # 56 93rd
Per Capita Income # 111 85th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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