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North Carolina · Census place 70540

Wake Forest town, NC

Quick answer

Wake Forest town has 51,199 residents, ranking #22 of 777 places in North Carolina. Median household income is $120,777, the median home is worth $435,000 and median gross rent runs $1,458 a month.

Population
51,199Wake Forest town residents
Median household income
$120,777Past 12 months, inflation adjusted
Median home value
$435,000Owner-occupied units
Median gross rent
$1,458Rent plus utilities, monthly
Median age
38.8 yrsAll residents
Homeownership rate
74.7%Owner-occupied households

What the numbers mean in Wake Forest town

Housing cost measured against local earnings.

A household earning the Wake Forest town median would spend about 14.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.9% of residents and 74.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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