Wake Forest

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Wake Forest, NC

Area Guide

A historic and charming community just outside of Raleigh.

Suburb Commuter Schools Safe Family-Friendly History Affordable

Wake Forest, located in North Carolina's Triangle region, combines historic character with suburban convenience. Originally home to Wake Forest University, this growing town preserves its educational legacy through Southeastern Baptist Theological Seminary, which occupies the original campus. Current rental trends show average monthly rates of $1,412 for one-bedroom units and $1,681 for two-bedroom homes, with a slight decrease in prices over the past year.

Falls Lake State Recreation Area offers 12,000 acres of water and 26,000 acres of woodlands for hiking, boating, and fishing. The Downtown Wake Forest Historic District features locally-owned shops and eateries in beautifully preserved buildings. E. Carroll Joyner Park hosts community gatherings throughout the year, including the Wake Forest Dance Festival. Housing options include apartments and single-family homes in areas like the Heritage district and Wake Forest neighborhood. Located near Capital Boulevard (US-1), residents enjoy easy access to downtown Raleigh while experiencing a distinct small-town atmosphere.

Rent Trends

As of December 2025, the average apartment rent in Wake Forest, NC is $1,357 for one bedroom, $1,598 for two bedrooms, and $1,973 for three bedrooms. Apartment rent in Wake Forest has decreased by -4.8% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,357/month
817 Sq Ft
House
$2,225/month
2,003 Sq Ft
Condo
$1,823/month
1,373 Sq Ft
Townhome
$1,870/month
1,498 Sq Ft
See Rental Market Trends in Wake Forest, NC

Transportation

35

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

1

Minimal Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

29

Somewhat Bikeable

out of 100 BikeScore® Rating

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Schools

Heritage Elementary

Public

Grades PK-5

622 Students

Jones Dairy Elementary

Public

Grades PK-5

582 Students

Richland Creek Elementary

Public

Grades PK-5

489 Students

Wake Forest Elementary

Public

Grades PK-5

342 Students

Heritage Middle

Public

Grades 6-8

997 Students

Wake Forest Middle School

Public

Grades 6-8

968 Students

Wake Forest High School

Public

Grades 9-12

2,101 Students

Heritage High

Public

Grades 9-12

1,811 Students

Points of Interest

Parks and Recreation

  • North Wake Landfill District Park
  • Durant Nature Park
  • Annie Louise Wilkerson, MD Nature Preserve Park
  • Blue Jay Point County Park
  • Blue Jay Center for Environmental Education

Airports

  • Raleigh-Durham International

Top Apartments in Wake Forest

Houses for Rent in Wake Forest

Property Management Companies in Wake Forest, NC

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.