Wake Forest is a town in Wake and Franklin counties in the U.S. state of North Carolina. Located almost entirely in Wake County, it lies just north of the state capital, Raleigh. At the 2020 census, the population was 47,601, up from 30,117 in 2010. It is part of the Raleigh metropolitan area. Wake Forest was the original home of Wake Forest University for 122 years before it moved to Winston-Salem in 1956.