ANNEX K: TOWN OF WAKE FOREST
Housing The table below details key housing statistics for Wake Forest as compared to the County overall. Table K.8 – Housing Statistics, Wake Forest, 2010-2017
Housing Units (2010) 371,836
Housing Units (2017) 411,632
Housing Units Percent Change (2010-2017)
Owner- Occupied, % (2017)
Vacant Units, % (2017)
Median Home Value (2017)
Jurisdiction
Wake County total Town of Wake Forest
10.7% 22.1%
59.5% 67.2%
7.2% 4.7%
$250,700 $278,600
11,370
13,888
Source: U.S. Census Bureau 2010 Decennial Census, American Community Survey 2013-2017 5-Year Estimates Note: Owner-Occupied and vacant-unit measures are reported as a percent of the total number of housing units.
Economy The following tables present key economic statistics for Wake Forest as compared to the County overall. Table K.9 – Employment Statistics, Wake Forest, 2017
Population in Labor Force
Percent Employed* (%)
Percent Unemployed* (%)
Percent Not in Labor Force* (%)
Unemployment Rate (%)
Jurisdiction
Wake County Town of Wake Forest
564,096
67.2
3.5
29.2
4.9
19,229
65.6
3.8
30.5
5.4
Source: U.S. Census Bureau, American Community Survey 2013-2017 5-Year Estimates Note: This table reports only the civilian labor force. The labor force in armed services accounted for 0.3% or less of the population 16 and over in all jurisdictions. *Population employed, population unemployed, and Population not in labor force are reported as a percent of the total population aged 16 years and older.
Table K.10 – Percent of Employed Population by Occupation, Wake Forest, 2017
Management, business, science and arts (%)
Natural Resources, Construction, and Maintenance (%)
Production, transportation, and material moving (%)
Service (%)
Sales and Office (%)
Occupation
Wake County
50.1 53.4
13.8 13.2
23.4 25.0
6.0 4.0
6.7 4.4
Town of Wake Forest
Source: U.S. Census Bureau, American Community Survey 2013-2017 5-Year Estimates
K.3 RISK ASSESSMENT
This section contains a hazard profile and vulnerability assessment for those hazards that were rated with a higher priority for the Town of Wake Forest than for Wake County as a whole. Risk and vulnerability findings are also presented here for those hazards that are spatially defined and have variations in risk that could be evaluated quantitatively on a jurisdictional level. The hazards included in this section are: Flood and Wildfire. K.3.1 Flood Table K.11 Details the acreage of the Town of Wake Forest by flood zone on the effective DFIRM. Per this assessment, over 9 percent of the Town of Wake Forest falls within the mapped 1%-annual-chance floodplains. Table K.11 – Flood Zone Acreage in the Town of Wake Forest
Flood Zone
Acreage
Percent of Total (%)
Zone A Zone AE
3.94
0.03 9.02
1,253.05
Wake County Multi-Jurisdictional Hazard Mitigation Plan 2019
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