The 1948 Wake Forest Demon Deacons football team was an American football team that represented Wake Forest University during the 1948 college football season. In its 12th season under head coach Peahead Walker, the team compiled a 6–4 record, finished in fifth place in the Southern Conference, and lost to Baylor in the 1949 Dixie Bowl.
Back Bill Gregus and end John O'Quinn were selected by the Associated Press as first-team players on the 1948 All-Southern Conference football team.
Wake Forest was ranked at No. 39 in the final Litkenhous Difference by Score System ratings for 1948.
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