Economic Development Program

Wake Forest Chamber of Commerce began an Economic Development Program four years ago. In that short time, it has been heralded as a model for other municipalities to follow. For a more detailed market analysis, or more information about the program, contact the Chamber of Commerce at (919) 556-1519 or visit their economic development website at http://www.discoverwakeforest.org/.

Wake Forest had an 86% urban growth from April 200 to July 2007 which was 15^th fastest in state.

Population
Average Age of Total Population: 34.1

Year	Town
1990	5,832
2000	14,288
2001	15,022
2002	16,205
2003	17,607
2004	20,300
2005	22,784
2006	24,970
2007	26,634

Source:  Us Census Bureau

Housing
2008 Median Home Value: $219,289
Source: ESRI

Households
2007 Household Estimate: 10,845
Source: Wake Forest Planning & Inspections

Driving Distances

Destination	Time	Access
North Raleigh	5 minutes	US-1
Downtown Raleigh	35 minutes	US-1
RDU Int'l Airport	25 minutes	1-540
RTP	30 minutes	1-540
Durham	20 minutes	NC-98
Chapel Hill	40 minutes	1-540
Greensboro	1 hour/30 minutes	1-540
Winston Salem	2 hours	1-540
Wilmington	2 hours/20 minutes	1-40
Charlotte	2 hours/45 minutes	1-540
Asheville	3 hours/50 minutes	1-540

Income
2008 Average Household Income: $92,465
Source: ESRI

Geography & Climate (2007)
Town Size: 14.73 square miles
Elevation: 434 feet
Average Monthly Rainfall: 3.89 inches
Annual Average Temp: 63.7°
Average Low Temp: 59.1°
Average High Temp: 68.3°
Source: Wake Forest Planning & Inspections, National Weather Service

Property Taxes
(per $1 00 assessment)
Town: 0.54
County: 0.604

Schools
(ratio: teacher/student)
Grades K-1: 1/21.5
Grades 1-3: 1/23
Grades 4-5: 1:25.5
Middle School (Jr. High): 1/22.5
High School: 1/24
Source: Wake Forest Economic Development

Wake Forest has public, private and charter elementary and secondary school options. Average SAT scores for the area exceed state and national averages.