Wake Forest is a town in Franklin and Wake counties in the U.S. state of North Carolina; located almost entirely in Wake County, it lies just north of the state capital, Raleigh. The population was 30,117 at the 2010 census, up from 12,588 at the 2000 census. The U.S. Census Bureau estimates the city's population to be 34,752 as of July 1, 2013.