Wake Forest, NC Homes For Rent

Homes for Rent in Wake Forest, NC: What You Need to Know

Wake Forest is located in the central part of North Carolina. As a suburb of Raleigh, it maintains the energy of a big city and the charm of a small town.

Job Opportunities in Wake Forest, NC

Wake Forest is part of the Research Triangle region, which includes Durham, Raleigh, and Chapel Hill. The Research Triangle Park in Durham is home to more than 170 research companies. Top employers in Wake Forest itself include BB&T SunTrust Bank, Wake Skin Cancer Center, StoredTech (IT services), Wake Electric Membership Corp., and Pinnacle Financial Partners.

Local History

The town traces its roots to 1832 when the North Carolina Baptist Convention bought a 615-acre plantation. In February 1834, the group opened the Wake Forest Institute to train future ministers. The school was rechartered as Wake Forest College in 1838, and it started selling lots to raise funds. The community was incorporated as the Town of Wake Forest College in March 1880. In 1909, the town was rechartered as Wake Forest. The town grew hand in hand with Wake Forest College until the school moved to Winston-Salem in 1956.

Transportation

Wake Forest has a population of 45,629, while Wake County’s population is more than one million. The Wake Forest Loop, a free local circulator service throughout the town, helps minimize traffic congestion. The bus provides access to grocery stores, shopping centers, and other services. The Wake Forest-Raleigh Express (WRX), a weekday rush-hour service from Wake Forest to downtown Raleigh, offers an alternative to driving. For travel by plane, you can catch a flight at the Raleigh-Durham International Airport, 20 miles from Wake Forest.

Cost of Living in Wake Forest, NC

Wake Forest’s proximity to Raleigh, 19 miles away, and all the opportunities in the state capital might be the reason the town’s cost of living rate and food cost are 4.9% and 14.8% higher than the national average, respectively. The good news: the housing cost is 18.6% lower than the national average with median gross rent at $1,117. North Carolina residents pay 5.25% in state income tax. The state imposes a base sales tax rate of 4.75% while counties charge 2% to 2.75% in sales tax.

Know Your Neighborhoods

Wake Forest is a family-friendly suburb with a clean and safe environment and plenty of things to do, according to locals. They love downtown’s art galleries, coffee shops and restaurants, and specialty boutiques. Wake Forest boasts of top-notch public schools. For comparable schools, check out Rolesville and Zebulon.