Most Expensive Wake Forest Neighborhoods
Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 36,693 people and eight constituent neighborhoods, Wake Forest is the 28th largest community in North Carolina. Wake Forest has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Wake Forest, where the median household income is $77,173.
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.
Wake Forest is a decidedly white-collar town, with fully 89.13% of the workforce employed in white-collar jobs, well above the national average. Overall, Wake Forest is a town of professionals, sales and office workers and managers. There are especially a lot of people living in Wake Forest who work in management occupations (15.60%), sales jobs (12.00%) and office and administrative support (11.99%).
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.
Telecommuters are a relatively large percentage of the workforce: 10.31% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Wake Forest is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Wake Forest’s overall crime rate is lower than average for the country.
One downside of living in Wake Forest, however, is that residents on average have to contend with a long commute, spending on average 30.56 minutes every day commuting to work.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Wake Forest. 50.50% 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 2010 was $33,124, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $132,496 for a family of four. However, Wake Forest contains both very wealthy and poor people as well.
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 Irish, German, English, Italian, Scottish and Polish.
The most common language spoken in Wake Forest is English. Some people also speak Spanish.
|WAKE FOREST INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||11,510|
|WAKE FOREST HOME OWNERSHIP|
|% OWNER OCCUPIED||72.81%|
|% RENTER OCCUPIED||27.19%|
|TYPE OF WAKE FOREST HOMES|
|SINGLE FAMILY DETACHED||74.19%|
|ROWHOUSES AND ATTACHED HOMES||9.07%|
|SMALL APARTMENT BUILDINGS||3.69%|
|COMPLEXES OR HIGH RISE APARTMENTS||11.90%|
|SIZE OF WAKE FOREST HOMES|
|5 OR MORE BEDROOMS||10.51%|
|AGE OF WAKE FOREST HOMES|
|NEWER HOMES (2000 OR LATER)||57.42%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||32.53%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||6.01%|
|HISTORIC (1939 OR BEFORE)||4.04%|
|WAKE FOREST REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$290,568|
|MEDIAN RENTAL PRICE||$1,291|
|HOME VALUE RANGE|
|$0 - $57,000||1.56%|
|$57,001 - $115,000||1.86%|
|$115,001 - $229,000||25.80%|
|$229,001 - $344,000||35.39%|
|$344,001 - $458,000||22.63%|
|$458,001 - $573,000||7.90%|
|$573,001 - $860,000||3.95%|
|$860,001 - $1,146,000||0.70%|
|PEOPLE OF WAKE FOREST||DETAILS|
|UNDER 5 YEARS||8.13%|
|5 TO 17||23.12%|
|18 TO 24||6.02%|
|25 TO 34||12.18%|
|35 TO 54||32.64%|
|55 TO 64||7.50%|
|65 YEARS AND OVER||10.41%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||94.79%|
|MEDIAN HOUSEHOLD INCOME||$77,173|
|PER CAPITA INCOME||$33,124|
|INDIVIDUALS BELOW POVERTY LEVEL||7.58%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (13.69%)
Professional, scientific, and technical services (11.98%)
Public Service (5.58%)
Information Technology (2.71%)
Real estate (2.02%)
|BLACK OR AFRICAN AMERICAN||16.39%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.11%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.02%|
|SOME OTHER RACE ALONE||1.44%|
|TWO OR MORE RACES||2.22%|
|HISPANIC OR LATINO (OF ANY RACE)||6.44%|
|ETHNICITIES PRESENT||Irish (15.14%)
|LANGUAGES SPOKEN||English (88.13%)
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