Last updated: 2024 BLS data · Page refreshed:
Wake Forest has a population of 52,844 with a median age of 38.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 52,844 |
| Median Age | 38.6 |
| White | 65.6% |
| Black or African American | 19.7% |
| Asian | 2.9% |
| Hispanic or Latino | 9.0% |
| Other / Two or More Races | 2.8% |
The median household income in Wake Forest is $123,802, which is 53.6% above the national median of $80,610. The per capita income is $51,709. The poverty rate is 4.5%.
The unemployment rate in Wake Forest is 3.1%, compared to the national rate of 4.1%.
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In Wake Forest, 96.4% of residents age 25+ have a high school diploma or higher, and 59.5% hold a bachelor's degree or higher (23.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.4% |
| Bachelor's Degree or Higher | 59.5% |
| Graduate or Professional Degree | 23.7% |
The median home value in Wake Forest is $474,500, above the national median of $303,400. The median monthly rent is $1,596. The homeownership rate is 74.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $474,500 |
| Median Monthly Rent | $1,596 |
| Homeownership Rate | 74.0% |
| Vacancy Rate | 5.3% |
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