CENSUS TRACT
Census Tract 501
North Carolina · Wake County · 5,559 residents · 0.828 sq mi
Notable rankings
#27highest WFH in NC#427 US46.2%#45highest density in NC6,714/sq mi#45highest per-capita income in NC$99,171#122highest home value in NC$654,000TRACT SHAPE · Wake County, NC
The short version
Census Tract 501 is wealthier than most US places, with a median household income of $97,273. Population has held roughly steady since 2020. 70% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has risen by half since 2020, reaching $654,000. At a median age of 31.2, residents skew younger than the country as a whole.
At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 31.2
US median: 38.9
More educated
70% hold a bachelor's degree
US average: 36%
Less affordable
home values up 29%, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
5,559
+11%since 2020
from 4,997 in 2020
2020 – 2024
Population density
6,714 / sq mi
+11%since 2020
from 6,035 / sq mi in 2020
US average: 281
Median age
31.2
−1%since 2020
from 31.4 in 2020
US average: 38.9
Population, 2020 – 2024
20246K
Section 02
Income & economy
Median household income
$97,273
−23%inflation adjusted, since 2020
from $104,231 in 2020
US average: $82,259
2020 – 2024
Per capita income
$99,171
+26%since 2020
from $78,688 in 2020
US average: $44,673
Households earning $100K+
64.8%
−2.1 ptssince 2020
from 66.9% in 2020
US average: 53.3%
Poverty rate
9.4%
+1.5 ptssince 2020
from 7.9% in 2020
US average: 12.5%
Income inequality (Gini)
0.524
+1%since 2020
from 0.520 in 2020
US average: 0.476
Workforce by industry, 2024
Arts, entertainment, food9%
Retail trade7.7%
Other services7.6%
Public administration6.5%
Information4.8%
Finance & insurance1.3%
Professional, scientific, technical1.3%
Wholesale trade1%
Agriculture, forestry, fishing0.8%
Manufacturing0.4%
Construction0.3%
Transportation & warehousing0.2%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$654,000
+29%inflation adjusted, since 2020
from $419,600 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,919
−5%inflation adjusted, since 2020
from $1,664 in 2020
US average: $1,442
Owner-occupied
14.5%
−7.5 ptssince 2020
from 22.0% in 2020
85.5% rent
Vacancy rate
18.2%
+2.0 ptssince 2020
from 16.2% in 2020
US average: 10.0%
Owner cost-burdened
22.3%
+7.8 ptssince 2020
from 14.5% in 2020
US average: 22.9%
Renter cost-burdened
35.9%
+7.6 ptssince 2020
from 28.3% in 2020
US average: 47.4%
Afford Score
6.7
+67%since 2020
from 4.0 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 501 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic60.5%(3,025)
Black20.1%(1,002)
Hispanic / Latino9.4%(469)
Asian4.8%(242)
Other5.2%(259)
Diversity Score72.4%(3,620)
2024
White, non-Hispanic60.2%(3,349)
Black19.7%(1,097)
Hispanic / Latino6.2%(347)
Asian5.8%(325)
Other7.9%(441)
Diversity Score73.1%(4,062)
Diversity Score
73
+1%since 2020
from 72 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
69.8%
+8.5 ptssince 2020
from 61.3% in 2020
US average: 35.6%
High school or higher
91.6%
−0.7 ptssince 2020
from 92.3% in 2020
US average: 89.6%
Graduate degree
27.7%
−0.2 ptssince 2020
from 28.0% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
22.1 min
+4%since 2020
from 21.3 min in 2020
US average: 26.5
Drive alone to work
40.4%
−14.7 ptssince 2020
from 55.1% in 2020
US average: 68.9%
Carpooled to work
0.9%
−2.5 ptssince 2020
from 3.4% in 2020
US average: 8.5%
Public transit
0.4%
−2.0 ptssince 2020
from 2.4% in 2020
US average: 3.2%
Worked from home
46.2%
+27.0 ptssince 2020
from 19.2% in 2020
US average: 15.0%
Walked to work
11.4%
−6.2 ptssince 2020
from 17.6% in 2020
US average: 2.4%
Biked to work
0.0%
−1.0 ptssince 2020
from 1.0% in 2020
US average: 0.4%
No vehicle available
7.8%
Unchangedsince 2020
from 7.7% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
3.8%
+2.7 ptssince 2020
from 1.1% in 2020
US average: 5.2%
Labor force participation
73.4%
+8.3 ptssince 2020
from 65.0% in 2020
US average: 63.5%
Self-employed
8.0%
+0.2 ptssince 2020
from 7.8% in 2020
US average: 13.1%
Management & professional
82.5%
+4.3 ptssince 2020
from 78.1% in 2020
US average: 42.5%
Section 08
People & community
Male
59.2%
−7.3 ptssince 2020
from 66.5% in 2020
Female
40.8%
+7.3 ptssince 2020
from 33.5% in 2020
Foreign born
7.1%
+0.1 ptssince 2020
from 6.9% in 2020
US average: 14.1%
Veterans
5.0%
−0.5 ptssince 2020
from 5.5% in 2020
US average: 6.2%
With a disability
7.2%
+1.5 ptssince 2020
from 5.7% in 2020
US average: 13.3%
Uninsured
4.1%
Unchangedsince 2020
from 4.1% in 2020
US average: 8.4%
Broadband at home
98.5%
+2.5 ptssince 2020
from 96.0% in 2020
US average: 91.0%
English only at home
89.4%
+1.1 ptssince 2020
from 88.3% in 2020
US average: 77.7%
Spanish at home
3.4%
−2.0 ptssince 2020
from 5.5% in 2020
US average: 13.6%
Drill deeper
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Places similar to Census Tract 501Head to head
Compare Census Tract 501 to nearby tracts
CENSUS TRACT 501 VS
Census Tract 510
Income$74,211−24%
Home value$687,500+5%
Population2,990−46%
SEE FULL COMPARISON →
CENSUS TRACT 501 VS
Census Tract 503
Income$102,609+5%
Home value$467,000−29%
Population3,566−36%
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CENSUS TRACT 501 VS
Census Tract 509
Income$29,750−69%
Home value$499,400−24%
Population2,187−61%
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CENSUS TRACT 501 VS
Census Tract 506
Income$95,396−2%
Home value$647,200−1%
Population3,286−41%
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Frequently asked
How many people live in this census tract?
this census tract has about 5,559 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $97,273 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $654,000, and the typical rent is about $1,919 a month.
How educated are people in this census tract?
About 69.8% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 9.4% of people in this census tract live below the federal poverty line.
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Containing area
Wake CountyOther census tracts in Wake County
Census Tract 534.28Census Tract 532.08Census Tract 534.11Census Tract 536.17Census Tract 531.09Census Tract 544.02Census Tract 528.11Census Tract 541.21Census Tract 530.09Census Tract 542.18Census Tract 541.06Census Tract 532.03Census Tract 540.23Census Tract 531.14Census Tract 541.15Census Tract 541.08DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024