Forest Oaks, NC Profile: Facts & Data

The primary coordinate point for Forest Oaks is located at latitude 35.9882 and longitude -79.7061 in Guilford County. The formal boundaries for the Forest Oaks Census Designated Place encompass a land area of 4.85 sq. miles and a water area of 0.11 sq. miles. Guilford County is in the Eastern time zone (GMT -5).

The Forest Oaks Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Forest Oaks, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,205 (100%)
Population in Households	4,205 (100.0%)
Population in Families	3,744 (89.0%)
Population in Group Quarters¹	0
Population Density	876
Diversity Index²	51


INCOME
Median Household Income	$97,680
Average Household Income	$118,405
% of Income for Mortgage⁴	21%
Per Capita Income	$45,841
Wealth Index⁵	134
Socioeconomic Status Index⁶	High (67.9)

HOUSING
Total HU (Housing Units)	1,670 (100%)
Owner Occupied HU	1,538 (92.1%)
Renter Occupied HU	90 ( 5.4%)
Vacant Housing Units	42 ( 2.5%)
Median Home Value	$319,615
Average Home Value	$353,267
Housing Affordability Index³	119

HOUSEHOLDS
Total Households	1,628
Average Household Size	2.58
Family Households	1,243
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
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 races 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.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Forest Oaks, NC - Peer Comparisons by Rank and Percentile

The table below compares Forest Oaks to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.02%	-0.20%
Households	0.12%	-0.05%
Families		0.03%
Median Household Income		3.02%
Per Capita Income		3.63%
Owner Occupied HU		0.05%

Variable Description	Rank	Percentile
Total Population	# 202	74th
Population Density	# 273	65th
Median Household Income	# 78	90th
Housing Affordability Index	# 538	69th
Per Capita Income	# 141	82nd
Diversity Index	# 427	45th

Forest Oaks, NC Profile: Facts & Data

Forest Oaks, North Carolina - Basic Facts

Forest Oaks, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Forest Oaks, NC - Peer Comparisons by Rank and Percentile

Forest Oaks, NC - Most Popular Things to Do

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Guilford County