Median Age
40 Years
Largest Age Group
45-54 Years
Approximately 15% of Residents
Under 20
27%
Over 65
16%
Wake Forest, NC Area Guide
Avg Rent
$1,400
Population
55,700
Renter Mix
28% Rent
A historic and charming community just outside of Raleigh
Suburb
•
Commuter
•
History
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.
Explore the City
White Street Brewing Company is a popular destination for Wake Forest residents.
Wake Forest's H.L. Miller Park offers a scenic respite for Waker Forest locals.
Park signage for E. Carroll Joyner Park.
Wake Forest has a vibrant downtown area with a rich history.
Wake Forest has a wide variety of of walkable neighborhoods.
White Street Brewing Co. is a popular destination for Falls Lake residents.
Demographics
Median Household Income
$107,806
Average: $127,571
Education
22,076
Residents Have a Degree
Job Market
29,601
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Wake Forest has more homeowners than renters.
Renters
28%
Non-Renters
72%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
37%
Other Education
63%
Rent Trends
As of July 2026, the average apartment rent in Wake Forest, NC is $1,394 for one bedroom, $1,679 for two bedrooms, and $2,044 for three bedrooms. Apartment rent in Wake Forest has increased by 1.1% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,394/month
816 Sq Ft
House
$2,329/month
1,893 Sq Ft
Condo
$1,845/month
942 Sq Ft
Townhome
$1,938/month
1,455 Sq Ft
Learn More About Wake Forest
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Wake Forest, NC is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Somewhat Bikeable
Bikeability
20
/ 100
Scores provided by
Schools
Public
Grades K-12
1,651 Students
Public
Grades K-8
741 Students
Public
Grades PK-5
622 Students
Public
Grades PK-5
582 Students
Richland Creek Elementary School
Public
Grades PK-5
549 Students
Public
Grades K-12
1,651 Students
Public
Grades 6-8
974 Students
Public
Grades K-8
741 Students
Public
Grades K-8
767 Students
Public
Grades 6-8
968 Students
Public
Grades K-12
1,651 Students
Public
Grades 9-12
1,952 Students
Public
Grades 9-12
1,811 Students
Public
Grades 9-12
1,811 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
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
Commuter Rail
Airports
- Raleigh-Durham International
Top Apartments in Wake Forest
Houses for Rent in Wake Forest
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Nearby City Rentals
Nearby Neighborhood Rentals
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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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.