Wake Forest - In the friendly area of Wake Forest you’ll be in good company with around 49,296 residents with around 72% of those homeowners. With an average age of 37, the residents of Wake Forest are well established, made up of families of all age groups. Though fairly kicked back throughout the week, during weekends and holidays, you can see a lot more activity and excitement. Over the recent months roughly 386 homes have been sold with an average sold price of $520,890. That is an increase of $17,647 from the previous period.