Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.

Wake Forest, NC
Real Estate & Demographic Data

Wake Forest profile

Living in Wake Forest

Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 51,113 people and 15 constituent neighborhoods, Wake Forest is the 23rd largest community in North Carolina. Much of the housing stock in Wake Forest was built relatively recently. The construction of new real estate can often be taken as an indication that the local Wake Forest economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Wake Forest, where the median household income is $104,006.00.

Wake Forest real estate is some of the most expensive in North Carolina, although Wake Forest house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Wake Forest has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Wake Forest telecommute to their jobs. Overall, about 18.43% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In Wake Forest, however, the average commute to work is quite long. On average, people spend 32.36 minutes each day getting to work, which is significantly higher than the national average.

Even though Wake Forest is not a small town, it doesn't have a public transportation system that anybody uses for their daily commute to work.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Wake Forest. 55.71% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Wake Forest in 2018 was $43,601, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $174,404 for a family of four.

Wake Forest is a very ethnically-diverse town. The people who call Wake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wake Forest residents report their race to be White, followed by Black or African-American. Important ancestries of people in Wake Forest include English, German, Irish, Italian, and Scottish.

The most common language spoken in Wake Forest is English. Other important languages spoken here include Spanish and African languages.