Wake Forest is a medium-sized town located in the state of North Carolina. With a population of 51,113 people and 15 associated neighborhoods, Wake Forest is the 23rd largest community in North Carolina. There's nothing like the smell of a brand new house, and in Wake Forest, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Wake Forest, and putting down their money on brand new construction. Wake Forest’s real estate is, on average, some of the newest in the nation. Wake Forest does seem to be experiencing an influx of affluent people, because the median household income is $115,159.00.

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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 22.21% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

One downside of living in Wake Forest is that it can take a long time to commute to work. In Wake Forest, the average commute to work is 32.66 minutes, which is quite a bit higher than the national average.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Wake Forest. 57.76% 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 2022 was $47,191, which is wealthy relative to North Carolina and the nation. This equates to an annual income of $188,764 for a family of four.

Wake Forest is an extremely 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.