Quick Facts

 
Growing Population

  • Wake Forest: 39,012 (2015)
  • Wake Forest population increased by 26.9% between 2010-2015
  • Wake Forest is 5th fastest growing municipality in the county and 9th in the state (2010-2015)
  • Wake County population: 1,024,198

Low Costs for Business and Living

  • The cost of living is 93.4% of the national average
  • The average sale price of single family home is approximately $258,061

Trained and Productive Workforce

  • 18,805 average annual labor force in 2015 (539,432 Wake County, 1,060,790 CSA)
  • Median age: 35.3 years
  • 54% of the population ages 25 and older have a bachelors or advanced degree
  • 3.8% average unemployment for 2015

Accessible Transportation

  • Wake Forest is a short distance away from I-95, I-85 and I-40 providing major thoroughfares to all of the key destinations up and down the East Coast and across the region.
  • Raleigh-Durham International (RDU) Airport has 400 daily flights, 9 major carriers and 40 nonstop destinations.

Excellent K-12 schools and post-secondary educational opportunities

  • Award-winning Wake County K-12 public education system (WCPSS)
    • 41 Magnet school programs
    • 24 NC STEM designated schools
    • 16 NC Global Schools Network School
    • 2 single-gender Leadership Academies
    • 2 Early College programs
    • 10 Career Academies
    • 19 Charter Schools granted through the WCPSS
  • 78 private schools in Wake County serving over 16,000 students

Three top tier research universities within close proximity:

  • North Carolina State University (Raleigh)
  • Duke University  (Durham)
  • University of North Carolina at Chapel Hill (Chapel Hill)

Healthcare

World-renowned healthcare providers and services via:

  • WakeMed Health & Hospitals
  • Rex Healthcare
  • Duke University Medical Center

High Quality of Life

Enjoy a wide array of outdoor activities at your doorstep - golfing, hiking, cycling, fishing, boating, swimming and more.  30,000 acre Falls Lake Recreation Area is minutes away.

A plethora of local recreational and cultural amenities and events:

  • The Wake Forest History Museum
  • Holiday Parade
  • Friday Night on White
  • Spring Concerts at Joyner Park
  • Mardi Gras Street Festival
  • Farmer’s Market
  • Wake Forest ARTS
  • Forest Moon Community Theater
  • Wake Forest Renaissance Centre 
  • 561 acres of local parks, open space, natural land and trails. This includes five baseball/softball fields, three soccer fields, one pool, six picnic areas, eight playgrounds, eight lighted tennis courts, a dog park, the Wake Forest Community House, Flaherty Park Community Center, and more than six miles of greenway trails.  

Climate

  • Four distinct seasons. Short, mild winters, although plenty of snow in the mountains, just 3 hours away.
  • 60.8 degrees average annual temperature 2012
  • 46.68 inches average annual precipitation 2012

Miscellaneous

  • Acreage within Town Limits: 10,202 acres or 15.9 square miles
  • Contiguous Acreage: 8,584 acres
  • Non-Contiguous Acreage: 1,618 acres
  • Acreage within the Extraterritorial Planning Jurisdiction: 3,743 acres
  • Density (Persons Per Acre) 3.3
  • Dwelling Units Per Acre: 1.25
  • The two largest population age groups in Wake Forest are ages 35-39 and ages 5-9
Source: Town of Wake Forest Planning Department and 2010 Census

Contact Us

Wake Forest Economic Development

301 S. Brooks Street

Wake Forest, NC 27587

919-435-9400

News & Blog Posts

Wake Forest among top 10 fastest growing cities in NC!

July 11, 2016

Wake Forest is one of the top 10 cities in NC with the largest population increases between 2010 and 2015.  The 10 cities with the largest population increases between 2010 and 2015 contain 25% of the state’s total population but make up half of the total population growth over the five-year period. 

Read Full Press Release