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Real Estate Prices & Overview

Median real estate price in the Town Center of Wake Forest is $555,924, which is more expensive than 83.4% of the neighborhoods in North Carolina and 70.9% of the neighborhoods in the U.S.

The average rental price in Wake Forest Town Center is currently $1,908, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.3% of North Carolina neighborhoods.

Wake Forest Town Center is a suburban neighborhood (based on population density) located in Wake Forest, North Carolina.

Real estate in the Town Center of Wake Forest, NC is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Town Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 9.1% in Wake Forest Town Center. NeighborhoodScout analysis shows that this rate is lower than 42.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Diversity

Did you know that the Wake Forest Town Center neighborhood has more Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Scottish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Town Center neighborhood in Wake Forest are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.0% of U.S. neighborhoods. With 14.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.4% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Wake Forest Town Center neighborhood, 48.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.7%), and 6.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Wake Forest Town Center neighborhood is English, spoken by 87.7% of households. Some people also speak Spanish (9.5%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Town Center neighborhood in Wake Forest, NC, residents most commonly identify their ethnicity or ancestry as English (9.1%). There are also a number of people of Irish ancestry (8.2%), and residents who report German roots (6.8%), and some of the residents are also of Puerto Rican ancestry (6.0%), along with some Polish ancestry residents (5.8%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Wake Forest Town Center neighborhood spend under 15 minutes commuting one-way to work (37.3% of working residents), one of the shortest commutes across America.

Here most residents (71.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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