Electricity rates in Wake Forest, North Carolina
Wake Forest, NC ranks 3 of 35 North Carolina cities for the newest homes (median year built 2007). Wake Forest, North Carolina has 51,199 residents in 17,863 households; 42.4% heat with electricity.
Wake Forest on the map
Wake County, with Wake Forest marked
Housing and heating in Wake Forest
Wake Forest, NC: 1,631 of 18,824 homes were built before 1980 and 13,329 in 2000 or later. Wake Forest, NC has 12,810 detached houses, 2,942 homes in 5+ unit buildings and 318 mobile homes.
Age of homes in Wake Forest, NC
% of homes by decade built, Wake Forest, NC
- 2pre-40
- 140s
- 150s
- 260s
- 370s
- 680s
- 1490s
- 3100s
- 3710s
- 320+
Heating fuel in Wake Forest, NC
| Wake Forest, NC | Value | County | Gap | Rank |
|---|---|---|---|---|
| Wake Forest, NC, median year built | 2007 | 1999 | +8 years | 3 of 35 |
| Wake Forest, NC, built before 1980 | 8.7% | 18.8% | -10.1 points | 29 of 35 |
| Wake Forest, NC, built 2000 or later | 70.8% | 47.8% | +23.0 points | 4 of 35 |
| Wake Forest, NC, detached houses | 68.1% | 58.5% | +9.5 points | 8 of 35 |
| Wake Forest, NC, apartments in 5+ unit buildings | 15.6% | 23.9% | -8.3 points | 26 of 35 |
| Wake Forest, NC, mobile homes | 1.7% | 2.7% | -1.0 points | 19 of 35 |
| Wake Forest, NC, renter households | 25.3% | 35.6% | -10.3 points | 32 of 35 |
| Wake Forest, NC, median home value | $435,000 | $422,800 | +$12,200 | 8 of 35 |
| Wake Forest, NC, median gross rent a month | $1,458 | $1,508 | -$50 | 13 of 35 |
| Wake Forest, NC, people per household | 2.82 | 2.54 | +0.28 | 6 of 35 |
Who supplies Wake Forest
Wake County lists 4 utilities for Wake Forest, NC (51,199 residents): homes pay 10.52 to 15.54 cents per kWh, about $107 to $158 a month at 1,015 kWh, 1.1% to 1.6% of the $120,777 Wake Forest median income. Wake County page.
Facts about Wake Forest
- Residents of Wake Forest, NC, ACS 2023
- 51,19922 of 35 North Carolina cities with 30,000+
- Median household income in Wake Forest, NC
- $120,7775 of 35 of those cities
- Households in Wake Forest, NC
- 17,8632.87 people each
- Owner-occupied homes in Wake Forest, NC
- 74.7%13,342 owners and 4,521 renter households
- Housing units in Wake Forest, NC
- 18,824961 vacant or seasonal
- Homes heated by electricity in Wake Forest, NC
- 42.4%7,568 of 17,863 homes
- Land area of Wake Forest, NC
- 19.6 sq mi2,607.4 people per sq mi
- Bill as share of income in Wake Forest, NC
- 1.1% to 1.6%at 1,015 kWh a month over the $120,777 median household income
- Wind and tornado reports within 15 miles of Wake Forest, NC
- 245NWS point reports 2015 to 2025, 478.5 per 100,000 residents
- Median year homes were built in Wake Forest, NC
- 20071,631 of 18,824 homes (8.7%) before 1980
- Median home value and rent in Wake Forest, NC
- $435,000$1,458 gross rent a month, 4.02% of value a year
Who lives in Wake Forest: income, cars, homes
1,480 residents of Wake Forest, NC live below the poverty line, and the median age is 38.8. In Wake Forest, NC, 536 households own no vehicle and 12,850 own two or more; home EV charging depends on that. In Wake Forest, NC, 1,651 of 4,297 renter households pay 30% or more of income in rent; 8,011 households moved in since 2018 and 1,295 before 2000, so electric accounts turn over quickly. In Wake Forest, NC, 1,661 of 17,863 households earn under $35,000, 3,790 $35,000-$75,000, 5,685 $75,000-$150,000 and 6,727 $150,000 or more. Wake Forest, NC homes: 14,039 have 3+ bedrooms, 1,193 none or one, median 6.8 rooms. Of 25,261 workers in Wake Forest, NC, 6,341 work from home, 17,307 drive alone, 15 ride transit and 232 walk.
Household income in Wake Forest, NC
| Wake Forest, NC | Value | Rank in North Carolina |
|---|---|---|
| Wake Forest, NC, households under $35,000 | 9.3% | 31 of 35 |
| Wake Forest, NC, households $150,000 or more | 37.7% | 6 of 35 |
| Wake Forest, NC, residents below poverty | 2.9% | 34 of 35 |
| Wake Forest, NC, median age | 38.8 | 9 of 35 |
| Wake Forest, NC, homes with 3+ bedrooms | 74.6% | 6 of 35 |
| Wake Forest, NC, households without a vehicle | 3.0% | 31 of 35 |
| Wake Forest, NC, households with 2+ vehicles | 71.9% | 3 of 35 |
| Wake Forest, NC, workers at home | 25.1% | 10 of 35 |
| Wake Forest, NC, cost-burdened renters | 38.4% | 33 of 35 |
| Wake Forest, NC, moved in since 2018 | 44.8% | 12 of 35 |
| Wake Forest, NC, moved in before 2000 | 7.2% | 30 of 35 |
Outage risk around Wake Forest
Wake Forest, NC, NWS reports within 15 miles of the centre, 2015 to 2025: 243 wind and 2 tornado, 478.5 per 100,000 residents of 51,199. Top gust near Wake Forest, NC: 63 knots, 72 mph. Damage near Wake Forest, NC: $3.7M.
Reports within 15 miles of Wake Forest, NC
wind and tornado reports, Wake Forest, NC
- 8'15
- 24'16
- 15'17
- 12'18
- 31'19
- 32'20
- 11'21
- 39'22
- 16'23
- 29'24
- 28'25
| Wake Forest, NC | Wind | Tornado | Total |
|---|---|---|---|
| Wake Forest, NC, 2015 | 8 | 0 | 8 |
| Wake Forest, NC, 2016 | 24 | 0 | 24 |
| Wake Forest, NC, 2017 | 15 | 0 | 15 |
| Wake Forest, NC, 2018 | 11 | 1 | 12 |
| Wake Forest, NC, 2019 | 30 | 1 | 31 |
| Wake Forest, NC, 2020 | 32 | 0 | 32 |
| Wake Forest, NC, 2021 | 11 | 0 | 11 |
| Wake Forest, NC, 2022 | 39 | 0 | 39 |
| Wake Forest, NC, 2023 | 16 | 0 | 16 |
| Wake Forest, NC, 2024 | 29 | 0 | 29 |
| Wake Forest, NC, 2025 | 28 | 0 | 28 |
Cost of living with electricity in Wake Forest
Wake Forest, NC: 17,863 households at $1,305 a year per home for electricity (Wake County average, DOE LEAD) come to about $23.3 million, an estimate; all home energy is $1,810 a year per household.
| Group in Wake Forest, NC | Households | Power per home | Power bill of the group | Share of Wake Forest, NC median income |
|---|---|---|---|---|
| Wake Forest, NC, all households | 17,863 | $1,305 | $23.3 million | 1.08% |
| Wake Forest, NC, homeowners | 13,342 | $1,461 | $19.5 million | 1.21% |
| Wake Forest, NC, renters | 4,521 | $1,024 | $4.6 million | 0.85% |
Analyst note on Wake Forest
Household income in Wake Forest, NC is $120,777; 13,342 of its 17,863 households own. 7,568 of the 17,863 occupied homes in Wake Forest, NC heat with electricity. Wake Forest, NC counts 51,199 residents in 17,863 households, on 19.6 square miles.
Wake Forest, NC has 18,824 housing units, 961 of them vacant or seasonal. Wake Forest, NC ranks 3 of 35 North Carolina cities for the fewest cost-burdened renters (38.4%). Wake Forest, NC ranks 4 of 35 North Carolina cities for the lowest share of renters (25%).
Wake Forest, NC ranks 5 of 35 North Carolina cities for median household income ($120,777).
Bill and heat pump calculator, Wake Forest
Compare Wake Forest with nearby cities
| City near Wake Forest, NC | Distance from Wake Forest | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Wake Forest, NC (this page) | 0 mi | 51,199 | $120,777 | 2007 | $435,000 | 245 | 25.1% |
| Raleigh, NC | 11.6 mi southwest | 470,763 (+419,564) | $82,424 (-$38,353) | 1996 (-11 yr) | $377,800 (-$57,200) | 282 (+37) | 23.4% (-1.7 pts) |
| Garner, NC | 19.6 mi south | 32,543 (-18,656) | $77,496 (-$43,281) | 2000 (-7 yr) | $320,300 (-$114,700) | 320 (+75) | 19.6% (-5.5 pts) |
| Morrisville, NC | 20.3 mi southwest | 30,471 (-20,728) | $125,404 (+$4,627) | 2006 (-1 yr) | $481,800 (+$46,800) | 333 (+88) | 34.0% (+8.9 pts) |
| Cary, NC | 21.5 mi southwest | 176,686 (+125,487) | $129,399 (+$8,622) | 1999 (-8 yr) | $525,200 (+$90,200) | 291 (+46) | 32.4% (+7.3 pts) |
| Durham, NC | 21.6 mi west | 288,465 (+237,266) | $79,234 (-$41,543) | 1994 (-13 yr) | $355,300 (-$79,700) | 248 (+3) | 20.6% (-4.5 pts) |
ZIP codes in Wake Forest
| ZIP area touching Wake Forest, NC | Share of the ZIP's land inside Wake Forest | Share of Wake Forest's land in the ZIP |
|---|---|---|
| 27587 (Wake Forest, NC) | 17.2% | 100.0% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
North Carolina: home prices since 2001, planned plants.
Questions on Wake Forest
Wake Forest: what is the electricity rate?
Wake Forest, NC has no price of its own; its 51,199 residents are served by one of 4 utilities, and a 1,015 kWh month costs $107 to $158.
Wake Forest: how does it rank among North Carolina cities?
Wake Forest, NC: rank 22 of 35 by its 51,199 residents, rank 5 of 35 by $120,777 median income.
Wake Forest: how many homes heat with electricity?
Wake Forest, NC: 7,568 of 17,863 occupied homes, 42.4%; Wake County 54.9%.
Wake Forest: how much income goes to electricity?
At 1,015 kWh a month, 1.1% to 1.6% of the $120,777 median income in Wake Forest, NC.
Wake Forest: damaging storms reported nearby?
245 NWS wind and tornado reports within 15 miles of the centre of Wake Forest, NC, 2015 to 2025, 478.5 per 100,000 residents.
How old are the homes in Wake Forest?
Wake Forest, NC: median home built 2007; 1,631 of 18,824 homes (8.7%) predate 1980, 12,810 are detached and 2,942 sit in buildings of 5+ units.
How many residents of Wake Forest, NC live below the poverty line?
1,480 residents.
How many Wake Forest, NC households have no car?
536 households; 12,850 have two or more.
How many Wake Forest, NC renters struggle with rent?
1,651 of 4,297 renter households pay 30% or more of income in rent.