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. In 2007, the town was listed by Forbes magazine as the 20th fastest growing suburb in America, with a 73.2 percent increase in population between 2000 and 2006. Wake Forest was the original home of Wake Forest University for 122 years before it moved to Winston-Salem in 1956.The US Office of Management and Budget also includes Wake Forest as a part of the Raleigh-Durham-Chapel Hill Combined Statistical Area, which has a population of 1,998,808 as of U.S. Census 2012 Population Estimates.