Also See: Wake Forest, NC ZIP Codes & ZIP Code Maps | Local Area Photos
The Town of Wake Forest had a population of 43,618 as of July 1, 2019. 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 35.9799 and longitude -78.5097 in Wake County. The formal boundaries for the Town of Wake Forest 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.
Alternate Unofficial Names for Wake Forest: Town of Wake Forest College.
Also See: Nearby Photos | Nearby Hotels | Driving Directions
HOUSING AFFORDABILITY INDEX | |
|---|---|
| Wake Forest, NC Housing Affordability Index is 148 State of North Carolina Housing Affordability Index is 140 | |
| 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. | |
WEALTH INDEX | |
|---|---|
| Wake Forest, NC Wealth Index is 112 State of North Carolina Wealth Index is 84 | |
| 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. | |
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
More Tools and Resources:
POPULATION | |
|---|---|
| Total Population | 43,618 (100%) |
| Population in Households | 43,323 (99.3%) |
| Population in Families | 37,649 (86.3%) |
| Population in Group Quarters1 | 295 ( 0.7%) |
| Population Density | 2,661 |
| Diversity Index2 | 49 |
INCOME | |
| Median Household Income | $84,175 |
| Average Household Income | $102,506 |
| Per Capita Income | $37,049 |
| Wealth Index4 | 112 |
HOUSING | |
|---|---|
| Total Housing Units | 16,278 (100%) |
| Owner Occupied HU | 11,282 (69.3%) |
| Renter Occupied HU | 3,954 (24.3%) |
| Vacant Housing Units | 1,043 ( 6.4%) |
| Median Home Value | $291,696 |
| Housing Affordability Index3 | 148 |
HOUSEHOLDS | |
| Total Households | 15,235 |
| Average Household Size | 2.84 |
| Family Households | 11,207 |
| Average Family Size | 3 |
GROWTH RATE / YEAR | 2010-2019 | 2019-2024 |
|---|---|---|
| Population | 4.06% | 3.07% |
| Households | 4.06% | 3.04% |
| Families | 3.6% | 2.95% |
| Median Household Income | 3.53% | |
| Per Capita Income | 2.89% |
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, 2019 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 | # 23 | 97th |
| Population Density | # 11 | 99th |
| Diversity Index | # 366 | 51st |
| Median Household Income | # 38 | 95th |
| Per Capita Income | # 96 | 87th |
Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.
