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 15th 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.