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CITY

Balfour

North Carolina · 1,134 residents · 1.621 sq mi
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The short version

Balfour has lower-than-average household income, with a median household income of $70,116. Population has declined 5% since 2000. Median home value has roughly tripled since 2000, reaching $292,600. With a median age of 46.1, the population is older than the US median of 38.9. Poverty is rare here, at 5.6% of residents.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 46.1
US median: 38.9
Average education
32% hold a bachelor's degree
US average: 36%
Less affordable
home values up 63%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,134
−6%since 2000
from 1,200 in 2000
1990 – 2024
Population density
700 / sq mi
−6%since 2000
from 740 / sq mi in 2000
US average: 281
Median age
46.1
+11%since 2000
from 41.6 in 2000
US average: 38.9
Population, 1990 – 2024
1K1K1K1K2K1990201020202024Balfour
20241K
1990201020202024
Section 02

Income & economy

Median household income
$70,116
+33%inflation adjusted, since 2000
from $28,889 in 2000
US average: $82,259
1990 – 2024
Per capita income
$38,093
+138%since 2000
from $16,010 in 2000
US average: $44,673
Households earning $100K+
39.7%
+23.4 ptssince 2009
from 16.3% in 2009
US average: 53.3%
Poverty rate
5.6%
+0.6 ptssince 2000
from 5.1% in 2000
US average: 12.5%
Income inequality (Gini)
0.399
+18%since 2010
from 0.337 in 2010
US average: 0.476
Workforce by industry, 2024
Transportation & warehousing7.7%
US avg: 2.2%
Information6.3%
US avg: 10.8%
Agriculture, forestry, fishing5.8%
US avg: 1.6%
Construction5.8%
US avg: 1.2%
Retail trade5.4%
US avg: 9.9%
Wholesale trade3.3%
US avg: 6.9%
Other services2.4%
US avg: 6.7%
Public administration2.4%
US avg: 4.8%
Finance & insurance2.1%
US avg: 5.9%
Professional, scientific, technical2.1%
US avg: 5.1%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$292,600
+63%inflation adjusted, since 2000
from $98,700 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$591
−36%inflation adjusted, since 2000
from $504 in 2000
US average: $1,442
Owner-occupied
78.0%
+4.8 ptssince 2000
from 73.2% in 2000
22.0% rent
Vacancy rate
20.5%
+3.3 ptssince 2009
from 17.2% in 2009
US average: 10.0%
Owner cost-burdened
9.9%
−38.0 ptssince 2009
from 48.0% in 2009
US average: 22.9%
Renter cost-burdened
9.8%
−42.1 ptssince 2009
from 51.9% in 2009
US average: 47.4%
Afford Score
4.2
+22%since 2000
from 3.4 in 2000
1990 – 2024
Gentrification Score
74
RELATED:See current rent listings in Balfour on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic86.5%(1,038)
Black4.8%(57)
Hispanic / Latino5.9%(71)
Asian1.6%(19)
Other0%
Diversity Score28.3%(340)
2024
White, non-Hispanic80.6%(914)
Black0.5%(6)
Hispanic / Latino15.5%(176)
Asian0%(0)
Other3.4%(38)
Diversity Score40.6%(461)
Diversity Score
41
+44%since 2000
from 28 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
32.2%
+21.5 ptssince 2000
from 10.6% in 2000
US average: 35.6%
High school or higher
89.9%
+20.9 ptssince 2000
from 69.1% in 2000
US average: 89.6%
Graduate degree
5.5%
+2.1 ptssince 2000
from 3.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
17.8 min
+89%since 2000
from 9.4 min in 2000
US average: 26.5
Drive alone to work
84.3%
−1.7 ptssince 2009
from 86.0% in 2009
US average: 68.9%
Carpooled to work
5.5%
−5.7 ptssince 2009
from 11.2% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
6.6%
+3.9 ptssince 2009
from 2.7% in 2009
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
3.6%
+3.6 ptssince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
−2.5 ptssince 2009
from 2.5% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
−5.1 ptssince 2011
from 5.1% in 2011
US average: 5.2%
Labor force participation
75.7%
+1.5 ptssince 2011
from 74.2% in 2011
US average: 63.5%
Self-employed
24.3%
+17.9 ptssince 2009
from 6.4% in 2009
US average: 13.1%
Management & professional
38.0%
−9.8 ptssince 2009
from 47.8% in 2009
US average: 42.5%
Section 08

People & community

Male
51.1%
−0.6 ptssince 2009
from 51.7% in 2009
Female
48.9%
+0.6 ptssince 2009
from 48.3% in 2009
Foreign born
18.1%
+5.9 ptssince 2009
from 12.2% in 2009
US average: 14.1%
Veterans
4.3%
−47.0 ptssince 2009
from 51.3% in 2009
US average: 6.2%
With a disability
15.7%
−0.1 ptssince 2012
from 15.8% in 2012
US average: 13.3%
Uninsured
13.6%
−70.5 ptssince 2013
from 84.1% in 2013
US average: 8.4%
Broadband at home
92.5%
+23.8 ptssince 2017
from 68.7% in 2017
US average: 91.0%
English only at home
82.5%
−7.2 ptssince 2016
from 89.8% in 2016
US average: 77.7%
Spanish at home
15.8%
+14.3 ptssince 2016
from 1.5% in 2016
US average: 13.6%
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Frequently asked

How many people live in Balfour, North Carolina?

Balfour, North Carolina has about 1,134 residents according to the 2024 American Community Survey.

What is the median household income in Balfour, North Carolina?

The typical household in Balfour, North Carolina earns about $70,116 a year. Half of households make more than that, and half make less.

Is Balfour, North Carolina expensive?

In Balfour, North Carolina, the median home is worth about $292,600, and the typical rent is about $591 a month.

How educated are people in Balfour, North Carolina?

About 32.2% of adults age 25 and over in Balfour, North Carolina hold a bachelor's degree or higher.

What is the poverty rate in Balfour, North Carolina?

About 5.6% of people in Balfour, North Carolina live below the federal poverty line.

Has Balfour, North Carolina grown since 1990?

Yes, Balfour, North Carolina has shrunk since 1990. The population has lost about 58 residents, a change of about -5 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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