Wake Forest Housing Affordability Plan - September 2022

EXISTING CONDITIONS: POPULATION

Town of Wake Forest | HOUSING AFFORDABILITY PLAN

Regional Demographics

Wake County is one of the fastest growing counties in the country, both in job growth and population growth. Regional Population Growth North Carolina’s Triangle region, a nickname given to the neighboring metropolitan areas of Raleigh, Durham, and Chapel Hill, is a nine-county region home to three major research universities (Figure 1). The presence of these universities has led to the area becoming a hub of

burgeoning technology and biotech companies, fueling rapid population growth in recent decades. Wake County, where Wake Forest is primarily located, has been at the center of this rapid growth. Wake County has grown by 25% since 2010, outpacing the state of North Carolina (+9%). With 1.1+ million residents, Wake County is the most populous county in North Carolina.

FIGURE 1: PERCENT POPULATION GROWTH ACROSS WAKE COUNTY BY JURISDICTION 2010-2020

Youngsville

DURHAM

WAKE FOREST

ROLESVILLE

ZEBULON

MORRISVILLE

RALEIGH

KNIGHTDALE

WENDELL

CARY

LEGEND

10% or less 11% to 20% 21% to 30% 31% to 40% 41% to 50% 51% to 60% 61% to 70% 71% to 80% Over 80% Wake County Boundary

APEX

GARNER

HOLLY SPRINGS

CLAYTON

FUQUAY-VARINA

Source: American Community Survey (ACS) 5-Year

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