Wake Forest, NC — City Data, Demographics & Statistics
Wake County · North Carolina
City DNA
A unique fingerprint for Wake Forest based on 8 key metrics — compared to averages.
Quick Stats
Population
51,199
2023 ACS
Median Income
$120,777
2023
Median Home Value
$435,000
2023
Median Rent
$1,458
2023
Median Age
38.8
Unemployment
4.5%
Cost of Living Index
168.4
100 = national avg
Wake Forest is a city in Wake County, North Carolina, with a population of 51,199 according to the 2023 American Community Survey. Wake Forest is one of the communities in North Carolina.
The median household income in Wake Forest is $120,777, and the median home value is $435,000. The cost of living index is 168.4 (where 100 = national average), and the median rent is $1,458 per month. The unemployment rate is 4.5%, and the median age is 38.8 years.
People & Demographics
Source: U.S. Census Bureau ACS (2023)Population
Total Population
51,199
Male
24,841
48.5%
Female
26,358
51.5%
Median Age
38.8
Education & Household
Bachelor's or Higher
38.4%
High School or Higher
47.2%
Foreign Born
7.8%
Veterans
6.0%
Married
46.4%
Avg Household Size
2.8
Marital Status by Age
Race & Ethnicity
Diversity Index
0.495
Simpson's Index (0-1)
Largest Group
White
67.3%
Foreign Born
7.8%
Hispanic/Latino Ethnicity
Hispanic/Latino is an ethnicity, not a race. People of any race can identify as Hispanic. This percentage overlaps with the racial categories above.
Hispanic/Latino
7.8%
3,994 people
Not Hispanic/Latino
92.2%
Hispanic/Latino Detail
Source: U.S. Census Bureau ACS (2023)Asian Detail
Source: U.S. Census Bureau ACS (2023)Native Hawaiian & Pacific Islander Detail
Source: U.S. Census Bureau ACS (2023)American Indian & Alaska Native Detail
Source: U.S. Census Bureau ACS (2023)Languages Spoken
Total Speakers (5+)
47,613
English Only
91.0%
#1 Non-English Language
Spanish
1,767 speakers
Limited English
1.9%
Language Distribution
English Proficiency
Speaks English Very Well
98.1%
Limited English Proficiency
1.9%
Veterans & Military
Total Veterans
3,049
6.0% of population
Disability Rate
35.5%
1,081 with disability
Veteran Median Income
$89,881
Unemployment Rate
0.7%
Period of Service
Veteran Age Distribution
Male Veterans
2,494
81.8%
Female Veterans
555
18.2%
Veteran vs Non-Veteran Income
Veteran Income
$89,881
Non-Veteran Income
$52,557
Difference
$37,324
71.0% higher
Disability Status
With Disability
1,081
Without Disability
1,968
Disability Rate
35.5%
Ancestry & Heritage
Total Reporting Ancestry
37,740
#1 Ancestry
English
17.3% (8,862)
#2 Ancestry
German
11.2% (5,739)
#3 Ancestry
Irish
11.2% (5,720)
Top 20 Ancestries
Source: U.S. Census Bureau ACS (2023)Families & Households
Total Households
17,863
Family Households
13,772
77.1%
Married Couples
10,905
61.0%
Non-Family Households
4,091
22.9%
Single Mother Households
2,275
12.7%
Single Father Households
592
3.3%
Living Alone
3,214
18.0%
Children Under 18
Total Children
12,722
In Married Couple
10,667
83.8%
With Single Mother
1,375
10.8%
With Single Father
680
5.3%
Family Income
Median Family Income
$135,641
Married Couple Income
$150,057
Single Mother Income
$93,006
Single Father Income
$81,667
Avg Family Size
2.8
Avg Non-Family Size
2.3
Grandparents w/ Grandchildren
723
Grandparents Responsible
190
Economy
Source: U.S. Census Bureau ACS (2023)Income Overview
Median Household Income
$120,777
+65% vs national
Per Capita Income
$49,241
+32% vs national
Poverty Rate
3.0%
-78% vs national
Gini Index
0.3796
0 = perfect equality
Unemployment
4.5%
-13% vs national
SNAP Recipients
5.8%
of households
How Wake Forest Compares
Wake Forest vs Similar Cities
Compared to cities with 50,000 - 100,000 residents. Wake Forest is highlighted.
Median Household Income
Wake Forest, NC has a median household income of $120,777, making it the 2,693rd highest median household income out of 28,123 cities in our database. This means that Wake Forest has a higher median household income than 90% of all the cities we measured.
Per Capita Income
Wake Forest, NC has a per capita income of $49,241, making it the 4,711th highest per capita income out of 28,123 cities in our database. This means that Wake Forest has a higher per capita income than 83% of all the cities we measured.
Poverty Rate
Wake Forest, NC has a poverty rate of 3.0%, making it the 26,534th highest poverty rate out of 31,262 cities in our database. This means that Wake Forest has a higher poverty rate than 15% of all the cities we measured.
Unemployment Rate
Wake Forest, NC has a unemployment rate of 4.5%, making it the 12,890th highest unemployment rate out of 31,012 cities in our database. This means that Wake Forest has a higher unemployment rate than 58% of all the cities we measured.
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Wake Forest. The median household income here is $120,777.
Income Distribution
Employment Snapshot
Unemployment Rate
4.5%
-22% vs NC avg
Labor Force
26,822
Employed
25,502
How People Get to Work
Employment by Sector
Education & Workforce
Bachelor's Degree+
38.4%
of adults 25+
High School Diploma+
47.2%
of adults 25+
Median Age
38.8
Work from Home
25.1%
of workers
Top Occupations & Wages
Source: Bureau of Labor Statistics OEWS (2024)
Data represents the Raleigh-Cary, NC metro area
Highest-Paying Job
Software Developers
Top Median Wage
$131.4K
per year
Occupations Tracked
20
Cost of Living
Overall Index
168.4
100 = national avg
+68.4 vs national average
Living Wage (1 Adult)
$74,075
per year
Living Wage (Family of 4)
$175,086
per year
Cost Index by Category
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD
1 Bedroom
$1,596
per month
2 Bedroom
$1,750
per month
The median household income in Wake Forest, NC is $120,777, which is 64.9% above the national average of $73,224. Per capita income is $49,241. The poverty rate of 3.0% is lower than the NC state average of 16.0%. The Gini index of income inequality is 0.3796, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 4.5%, compared to the state average of 5.8%. The labor force is 26,822. 38.4% of adults hold a bachelor's degree or higher. About 68.5% of workers drive alone to work. The overall cost of living index is 168.4, which is 68.4% above the national average. Housing costs are above the national average at an index of 183.0. A single adult needs to earn approximately $74,075 per year to cover basic expenses.
Housing & Real Estate
Market SnapshotRedfin — January 2026
Median Sale Price
$455,000
Median List Price
$507,450
Price Per Sq Ft
$181
Days on Market
56
Active Inventory
219
Months of Supply
6.3
Buyer's market
Zillow Home Value
$504,332
ZHVI — January 2026
Zillow Rent Index
$1,757
ZORI — January 2026
Market CompetitivenessRedfin
Sold Above List
8.6%
Off Market in 2 Weeks
27.4%
Sale-to-List Ratio
97.8%
Buyer's market
Price TrendsRedfin
Market ActivityRedfin
Homes Sold
35
New Listings
80
Pending Sales
62
Price Per Square FootRedfin
Median Sale $/SF
$181
Median List $/SF
$204
House Price IndexFHFA
How much have housing prices increased in Wake Forest, NC? According to the Federal Housing Finance Agency (FHFA) House Price Index for the Raleigh-Cary, NC metro area, home prices have risen 400.5% over the past 40 years. Over 20 years, prices grew 147.0%. The 10-year growth rate is 110.6%. Over the last 5 years, prices increased 56.9%. In the most recent 2-year period, the index rose 5.1%. The FHFA HPI tracks average price changes in repeat sales or refinancings of single-family properties with conforming mortgages. Because this is a metro-level index, it reflects the broader Raleigh-Cary, NC housing market rather than Wake Forest alone.
Metro area: Raleigh-Cary, NC
Wake Forest vs Similar CitiesCensus ACS / Redfin
Compared to cities with 50,000 - 100,000 residents. Wake Forest is highlighted.
Median Home Value
Wake Forest, NC has a median home value of $435,000, making it the 3,923rd highest median home value out of 27,993 cities in our database. This means that Wake Forest has a higher median home value than 86% of all the cities we measured.
Median Rent
Wake Forest, NC has a median rent of $1,458, making it the 4,351st highest median rent out of 22,337 cities in our database. This means that Wake Forest has a higher median rent than 81% of all the cities we measured.
Median Price Per Sq Ft
Wake Forest, NC has a price per square foot of $181, making it the 9,609th highest price per square foot out of 20,748 cities in our database. This means that Wake Forest has a higher price per square foot than 54% of all the cities we measured.
Rent Burden
Wake Forest, NC has a rent burden of 14.5%, making it the 17,367th highest rent burden out of 21,928 cities in our database. This means that Wake Forest has a higher rent burden than 21% of all the cities we measured.
Census Housing DataU.S. Census Bureau ACS 2023
Median Home Value
$435,000
Median Rent
$1,458
Total Housing Units
18,824
Vacancy Rate
5.1%
Owner Occupied
74.7%
Renter Occupied
25.3%
Median Property Tax
$3,626
per year
Monthly Cost (w/ Mortgage)
$1,942
Housing Types
Property TaxU.S. Census Bureau ACS 2023
Median Property Tax
$3,626
per year
Effective Tax Rate
0.83%
of home value
Median Home Value
$435,000
Estimated Mean Tax
$3,873
The effective property tax rate is calculated by dividing the median annual property tax ($3,626) by the median home value ($435,000). In Wake Forest, NC, this works out to an effective rate of 0.83%. This is below the national average of approximately 1.1%.
The current median sale price in Wake Forest, NC is $455,000 according to Redfin data. Homes spend a median of 56 days on the market. 8.6% of homes sold above asking price. The market has 6.3 months of supply. The median price per square foot is $181. Zillow's observed rent index is $1,757/month. About 74.7% of housing units are owner-occupied. The median year homes were built is 2007. There are 18,824 total housing units. Homeowners pay a median annual property tax of $3,626. The effective tax rate is 0.83%, below the national average.
Crime Overview
Source: FBI Crime Data Explorer (2024)Violent Crime Rate
1.47
per 1,000 residents
-44% vs national
Property Crime Rate
13.05
per 1,000 residents
-24% vs national
Total Crimes
811
2024
Violent Clearance
37%
cases solved
Property Clearance
14%
cases solved
YoY Change
-8.1%
violent crime rate
improving vs 2023
How Wake Forest Compares
Source: FBI (2024)Wake Forest vs Similar Cities
Source: FBI (2024)Compared to cities with 50,000 - 100,000 residents. Wake Forest is highlighted in green.
Violent Crime Rate (per 1,000)
Property Crime Rate (per 1,000)
Murder Rate (per 1,000)
Crime Rate Trends
Source: FBICrime Composition
Source: FBI (2024)Violent Crime Breakdown
Property Crime Breakdown
Crime Clearance (Solve) Rates
Source: FBI (2024)Wake Forest police solve 100% of murder cases but only 0% of rape cases.
Weapon Used in Violent Crime
Source: FBI (2024)Crime Breakdown
Source: FBI Crime Data Explorer (2024)| Crime Type | Category | Count | Rate per 1K | Clearance % |
|---|---|---|---|---|
| Murder | Violent | 2 | 0.04 | 100.0% |
| Rape | Violent | 3 | 0.05 | 0.0% |
| Robbery | Violent | 5 | 0.09 | 60.0% |
| Aggravated Assault | Violent | 72 | 1.29 | 34.7% |
| Burglary | Property | 58 | 1.04 | 10.3% |
| Larceny/Theft | Property | 624 | 11.17 | 14.3% |
| Motor Vehicle Theft | Property | 47 | 0.84 | 12.8% |
Wake Forest, NC reported 82 violent crimes and 729 property crimes in 2024. The violent crime rate of 1.47 per 1,000 residents is 43.6% below the national average of 2.60 per 1,000. Law enforcement cleared 37% of violent crimes. Larceny/theft accounts for 624 of the property crime reports. Firearms were involved in 38.9% of aggravated assaults. Violent crime has been trending downward.
Crime History
Source: FBI| Year | Violent | Property | Violent Rate | Property Rate |
|---|---|---|---|---|
| 2024 | 82 | 729 | 1.47 | 13.05 |
| 2023 | 84 | 835 | 1.60 | 15.87 |
| 2022 | 59 | 538 | 1.15 | 10.47 |
| 2021 | 71 | 464 | 1.44 | 9.38 |
| 2020 | 67 | 521 | 1.40 | 10.91 |
| 2019 | 24 | 393 | 0.52 | 8.52 |
| 2018 | 50 | 653 | 1.13 | 14.73 |
| 2017 | 47 | 741 | 1.12 | 17.63 |
| 2016 | 54 | 954 | 1.35 | 23.85 |
| 2015 | 46 | 829 | 1.20 | 21.55 |
Natural Hazard Risk
Source: FEMA National Risk IndexRisk Score
95.5
Relatively High
Expected Annual Loss
97.7
Score (0-100)
Social Vulnerability
10.6
Score (0-100)
Community Resilience
87.1
Score (0-100)
Scores range from 0 (lowest risk) to 100 (highest risk) relative to all U.S. communities. Data from FEMA National Risk Index.
Disaster History & Federal Spending
Source: FEMATotal Declarations
25
Public Assistance
$1.1B
Individual Assistance
$621K
Most Common Type
Hurricane
11 declarations
Public Assistance by Category
| Disaster | Type | Date | PA $ | IA $ |
|---|---|---|---|---|
| Severe Winter Storm → | Winter Storm | Jan 2026 | — | — |
| Tropical Depression Chantal → | Severe Storm(s) | Sep 2025 | $53K | — |
| Tropical Storm Helene → | Tropical Storm | Sep 2024 | $25.0M | — |
| Tropical Storm Debby → | Tropical Storm | Aug 2024 | — | — |
| Hurricane Ian → | Hurricane | Oct 2022 | $9K | — |
| Remnants of Tropical Storm Fred → | Flood | Sep 2021 | $48K | — |
| Hurricane Isaias → | Hurricane | Oct 2020 | $283K | — |
| Hurricane Isaias → | Hurricane | Aug 2020 | — | — |
| Covid-19 Pandemic → | Biological | Mar 2020 | $961.8M | $313K |
| Covid-19 → | Biological | Mar 2020 | — | — |
| Hurricane Dorian → | Hurricane | Oct 2019 | $543K | — |
| Hurricane Dorian → | Hurricane | Sep 2019 | — | — |
| Tropical Storm Michael → | Tropical Storm | Jan 2019 | $66K | — |
| Hurricane Florence → | Hurricane | Sep 2018 | $9.8M | — |
| Hurricane Florence → | Hurricane | Sep 2018 | — | — |
| Hurricane Matthew → | Hurricane | Oct 2016 | $8.4M | $51K |
| Hurricane Matthew → | Hurricane | Oct 2016 | — | — |
| Hurricane Irene → | Hurricane | Aug 2011 | $1.4M | — |
| Severe Storms, Tornadoes, and Flooding → | Severe Storm | Apr 2011 | $4.3M | $193K |
| Hurricane Earl → | Hurricane | Sep 2010 | $47K | — |
Showing 20 of 42 disasters
PA = FEMA Public Assistance (infrastructure recovery). IA = Individual Assistance (homeowner/renter aid).
Flood Insurance (NFIP)
Source: FEMA NFIPTotal Claims
1,638
Total Claims Paid
$31,238,830
Avg Claim Payout
$19,071
County-level NFIP data from FEMA National Flood Insurance Program.
Hazard Mitigation
Source: FEMA Hazard Mitigation AssistanceMitigation Projects
6
Federal Funding
$184,473
Avg Benefit-Cost Ratio
0.19
BCR
Top Mitigation Project Types
| Project Type | Projects | Federal $ |
|---|---|---|
| 601.1: Generators | 2 | $0 |
| 401.1: Water and Sanitary Sewer System Protective Measures | 1 | $77,933 |
| 90.4: Mitigation Plan - Local Multihazard Mitigation Plan | 1 | $100,000 |
| 200.1: Acquisition of Private Real Property (Structures and Land) - Riverine | 1 | $0 |
| 91.1: Local Multihazard Mitigation Plan | 1 | $6,540 |
Federally funded projects to reduce future disaster risk. Only includes completed or obligated projects.
Wake Forest has a relatively high overall natural hazard risk rating according to FEMA's National Risk Index. The top hazard risks are hail, heat wave, tornado. The area has had 25 federal disaster declarations. The most common disaster type is hurricane (11 declarations). 1,638 flood insurance claims have been filed in the area. FEMA has obligated $1,052,537,110 in public assistance recovery funding. $621,276 has been distributed in individual assistance to disaster-affected residents. 6 hazard mitigation projects have been funded to reduce future risk.
Health
Community Health
Source: CDC PLACES
Obesity Rate
29.5%
6.6pp below the national average
Depression Rate
24.2%
0.7pp above the national average
Diabetes Rate
9.1%
2.8pp below the national average
Uninsured Rate
6.9%
3.7pp below the national average
Health Scorecard
Higher scores indicate better health outcomes relative to the national average (50 = average)
Health Outcomes
Age-adjusted prevalence rates. Green bars indicate rates below the national average; red indicates above.
High Cholesterol
34.3%
Arthritis
22.7%
Cancer (excl. skin)
7.6%
Teeth Lost (65+)
8.7%
Health Risk Behaviors
Prevention & Screening
Green bars indicate rates above the national average (more preventive care); red indicates below.
Mental Health & Wellbeing
Frequent Mental Distress
14.8%
14+ days in past month
Depression
24.2%
Loneliness
30.6%
Lack of Support
19.3%
Disability Prevalence
Any Disability
23.6%
Mobility
9.7%
Cognitive
11.6%
Hearing
5.5%
Vision
3.5%
Self-Care
2.6%
Independent Living
5.8%
Health-Related Social Needs
Prevalence of social risk factors affecting community health
Wake Forest has an obesity rate of 29.5%, which is 6.6pp below the national average. The depression rate is 24.2%, 0.7pp above the national average. About 6.9% of adults lack health insurance. 80.7% of residents had an annual checkup in the past year.
Nearby Hospitals
Source: CMS Hospital Compare
Nearest Hospitals
5
With Emergency Services
2
Avg CMS Rating
4.5 / 5
Nearest Hospital
15.0 mi
Triangle Springs
| Hospital | Distance | Type | Rating | ER |
|---|---|---|---|---|
| Triangle Springs | 15.0 mi | Psychiatric | — | — |
| Wakemed, Raleigh Campus | 15.3 mi | Acute Care Hospitals | 4/5 | Yes |
| Holly Hill Mental Health Services | 15.3 mi | Psychiatric | — | — |
| Rex Hospital | 15.7 mi | Acute Care Hospitals | 5/5 | Yes |
| North Carolina Specialty Hospital | 18.4 mi | Acute Care Hospitals | — | — |
Infrastructure
Commute Overview2023 ACS
Drive Alone
68.5%
-13% vs national
Public Transit
0.1%
-93% vs national
Work From Home
25.1%
+170% vs national
Carpool
4.5%
Walk
0.9%
How Wake Forest's Commute ComparesCensus ACS 2023
How People Get to WorkCensus ACS 2023
Commute Mode BreakdownCensus ACS 2023
Traffic Fatalities
Source: NHTSA FARS (2023)Fatalities
3
2023
5-Year Avg
2
fatalities/yr
Nighttime
2
dark conditions
| Year | Crashes | Fatalities | Alcohol | Pedestrian | Cyclist |
|---|---|---|---|---|---|
| 2023 | 3 | 3 | 0 | 0 | 0 |
| 2022 | 1 | 1 | 0 | 0 | 0 |
| 2021 | 2 | 2 | 0 | 0 | 0 |
| 2020 | 1 | 1 | 0 | 0 | 0 |
| 2018 | 1 | 1 | 0 | 0 | 0 |
Data from NHTSA Fatality Analysis Reporting System (FARS). Includes only crashes involving at least one fatality.
Commute data for Wake Forest, NC covers travel times and transportation modes. 68.5% of workers drive alone, compared to the national average of 78.7%. 25.1% work from home, which is above the NC state average of 9.4%. 4.5% of workers carpool. In 2023, there were 3 traffic fatalities from 3 fatal crashes.
Internet & Broadband Access
Source: Census ACSBroadband Access
97.4%
of households
Cable / Fiber / DSL
88.5%
of households
No Internet
1.7%
of households
Total Households
17,863
Internet Subscription Types
Device Ownership
Source: Census ACSHas Computer
97.9%
of households
Smartphone
96.0%
of households
Desktop / Laptop
93.4%
of households
Tablet
76.8%
of households
Percentage of households with each device type. Data from the U.S. Census Bureau ACS (2023 5-year estimates, tables B28001 & B28002).
Electricity Rates
Source: U.S. Energy Information Administration (2024)Residential Rate
14.1¢
per kWh
-23% vs 50,000 - 100,000 avg
Commercial Rate
10.6¢
per kWh
-29% vs 50,000 - 100,000 avg
Industrial Rate
7.8¢
per kWh
-30% vs 50,000 - 100,000 avg
Avg Monthly Bill
$144
residential
-1% vs 50,000 - 100,000 avg
17% below the national average of 17.1¢/kWh
Residential electricity in North Carolina averages 14.1¢ per kWh, compared to the national average of 17.1¢. The average monthly electric bill is $144. State-level averages from EIA Electric Sales & Revenue data (2024).
Wake Forest vs Similar Cities
Source: EIA (2024)Comparing electricity rates with randomly selected cities of similar population (50,000 - 100,000). Each city represents its state's average rate.
Residential Rate (¢/kWh)
Commercial Rate (¢/kWh)
Industrial Rate (¢/kWh)
Average Monthly Bill
97.4% of households in Wake Forest have broadband internet access. 88.5% have cable, fiber, or DSL service. 6.5% rely solely on cellular data without a wired connection. 1.7% of households have no internet access.
Politics & Government
County-level data: Election results are reported at the county level. Wake Forest is located in Wake County, NC. Results reflect all voters in the county, not just those in Wake Forest.
Election Overview
Source: Wake County (2024)2024 Winner
Democrat
Dem Votes
402,984
61.9%
GOP Votes
236,735
36.4%
Total Votes
650,796
Margin
D+25.5%
Shift from 2020
R+0.9pp
vs prior election
Election History
Source: County-Level Election Results| Year | Dem Votes | GOP Votes | Total | Dem % | GOP % | Margin |
|---|---|---|---|---|---|---|
| 2024 | 402,984 | 236,735 | 650,796 | 61.9% | 36.4% | D+25.5 |
| 2020 | 393,336 | 226,197 | 631,830 | 62.3% | 35.8% | D+26.5 |
| 2016 | 298,353 | 193,607 | 510,940 | 58.4% | 37.9% | D+20.5 |
In the 2024 presidential election, Wake County recorded 650,796 total votes. Democrats won the county with 61.9% of the vote compared to 36.4% for Republicans, a margin of D+25.5%. Compared to 2020, the margin shifted R+0.9pp from the previous election. Since 2016, Wake County has shifted 5.0 percentage points toward Democrats.
Nonprofits Overview
Source: IRS Exempt Organizations BMFTotal Nonprofits
386
Total Assets
$187.5M
Total Income
$146.7M
Per 10K Residents
75.4
nonprofits
+42.6% vs peers avg
Orgs with >$1M Assets
19
Median Assets
$91K
Oldest Active
1941
ruling year
Newest Org
2025
ruling year
Nonprofits by Category
Source: IRS / NTEE ClassificationTop 10 hold $157.5M of $187.5M total
Nonprofit Size Distribution
Source: IRS Exempt Organizations BMFNumber of nonprofits by total asset size
When Were Nonprofits Founded?
Source: IRS Ruling DateNumber of currently active nonprofits by founding decade
Nonprofits per 10K Residents vs Similar Cities
Source: IRS BMF + Census ACSCompared to cities with population 50,000 - 100,000
Largest Nonprofits in Wake Forest
Source: IRS Exempt Organizations BMFWake Forest, NC has 386 registered 501(c)(3) nonprofit organizations with combined assets of $187.5M. The most common category is Religion-Related, with 60 organizations. 19 nonprofits have assets exceeding $1 million. That works out to 75.4 nonprofits per 10,000 residents. The oldest active nonprofit dates back to 1941.
SBA Lending Overview
Source: SBA FOIA Loan-Level DataTotal SBA Loans
359
Total Approved
$162.9M
Jobs Supported
4,664
Per 10K Residents
70.1
SBA loans
-47.2% vs peers avg
Unique Lenders
94
Top Lender
Truist Bank
42 loans
Top Industry
Accommodation & Food Services
Data Span
1993–2026
Loan Program Breakdown
Source: SBA FOIALoans
325
Total Amount
$138.1M
Avg Loan
$425,067
Median Loan
$160,000
SBA Guaranteed
$106.6M(77%)
Jobs Supported
4,270
Loans
34
Total Amount
$24.8M
Avg Loan
$729,088
Median Loan
$576,500
Recent Activity (Last 5 Years)
Source: SBA FOIARecent Loans
97
27% of all-time total
Recent Amount
$57.3M
35% of all-time total
Avg Recent Loan
$590,957
Top Industries Funded
Source: SBA FOIA / NAICS CodesSBA Loans per 10K Residents vs Similar Cities
Source: SBA FOIA + Census ACSCompared to cities with population 50,000 - 100,000
Top SBA Borrowers
Source: SBA FOIA| Business | Loans | Amount |
|---|---|---|
| Mercator Inc. | 4 | $8.0M |
| Stewart Glass Llc | 1 | $5.0M |
| Spanish for Fun! Inc. | 1 | $4.3M |
| Kawf Corp | 1 | $3.9M |
| Light Source Holdings Llc | 1 | $3.5M |
| Tru by Hilton | 1 | $3.2M |
| Sconnienc Llc | 1 | $3.0M |
| Maverick Training Corporation | 3 | $2.9M |
| Wake Ayce Llc | 1 | $2.5M |
| Goodberry Creamery Inc. | 1 | $2.4M |
Wake Forest, NC has received 359 SBA loans totaling $162.9M in approved funding between 1993 and 2026. The 7(a) program accounts for 325 loans (91% of the total), supporting 4,270 jobs. The 504 program, focused on real estate and large equipment, has funded 34 loans totaling $24.8M. The most common industry receiving SBA funding is Accommodation & Food Services. The most active SBA lender in Wake Forest is Truist Bank with 42 loans. That works out to 70.1 SBA loans per 10,000 residents.
ZIP Code Overview
Source: Census ACSZIP Codes
6
Total Population
250,288
Avg Median Income
$109,330
Avg Home Value
$420,650
ZIP Code Details
Source: Census ACS| ZIP Code | Population | Median Income | Home Value | Median Rent | Area (sq mi) |
|---|---|---|---|---|---|
| 27571 | 8,908 | $129,340 | $442,300 | $982 | 4.9 |
| 27587 | 81,902 | $125,607 | $452,400 | $1,415 | 105.1 |
| 27596 | 19,574 | $90,189 | $343,200 | $1,147 | 52.8 |
| 27614 | 33,021 | $122,258 | $530,100 | $1,548 | 27.7 |
| 27615 | 45,722 | $107,051 | $441,100 | $1,533 | 18.9 |
| 27616 | 61,161 | $81,534 | $314,800 | $1,514 | 22.5 |
Wake Forest, NC has 6 ZIP codes with a combined population of 250,288. The average median household income across all ZIP codes is $109,330. The average median home value is $420,650. The average median monthly rent is $1,357.
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