North Carolina · Census place 03220
Balfour CDP, NC
Quick answer
Balfour CDP has 1,132 residents, ranking #431 of 777 places in North Carolina. Median household income is $69,545, the median home is worth $294,200 and median gross rent runs $743 a month.
- Population
- 1,132Balfour CDP residents
- Median household income
- $69,545Past 12 months, inflation adjusted
- Median home value
- $294,200Owner-occupied units
- Median gross rent
- $743Rent plus utilities, monthly
- Median age
- 42.5 yrsAll residents
- Homeownership rate
- 71.4%Owner-occupied households
What the numbers mean in Balfour CDP
Housing cost measured against local earnings.
A household earning the Balfour CDP median would spend about 12.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.8% of residents and 71.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in North Carolina.
- Kenansville town 1,157
- Flat Rock CDP 1,141
- McAdenville town 1,139
- Franklinville town 1,129
- Springdale CDP 1,120
- Hayesville town 1,110
- Magnolia town 1,109
Keep going
More North Carolina coverage.