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North Carolina · Census place 15020

Cove City town, NC

Quick answer

Cove City town has 583 residents, ranking #560 of 777 places in North Carolina. Median household income is $50,893, the median home is worth $78,800 and median gross rent runs $916 a month.

Population
583Cove City town residents
Median household income
$50,893Past 12 months, inflation adjusted
Median home value
$78,800Owner-occupied units
Median gross rent
$916Rent plus utilities, monthly
Median age
55.8 yrsAll residents
Homeownership rate
66.8%Owner-occupied households

What the numbers mean in Cove City town

Housing cost measured against local earnings.

A household earning the Cove City town median would spend about 21.6% 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 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.7% of residents and 66.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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