CENSUS TRACT
Census Tract 506
North Carolina · Wake County · 3,286 residents · 0.631 sq mi
Notable rankings
#85highest density in NC5,208/sq mi#129highest home value in NC$647,200#172lowest short commute in NC17.4 min#255lowest young in NC31.1 yrsTRACT SHAPE · Wake County, NC
The short version
Census Tract 506 is wealthier than most US places, with a median household income of $95,396. Population has declined 9% since 2020. 61% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $647,200. At a median age of 31.1, residents skew younger than the country as a whole.
At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 31.1
US median: 38.9
More educated
61% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
3,286
−9%since 2020
from 3,602 in 2020
2020 – 2024
Population density
5,208 / sq mi
−9%since 2020
from 5,708 / sq mi in 2020
US average: 281
Median age
31.1
+10%since 2020
from 28.4 in 2020
US average: 38.9
Population, 2020 – 2024
20243K
Section 02
Income & economy
Median household income
$95,396
+55%inflation adjusted, since 2020
from $50,655 in 2020
US average: $82,259
2020 – 2024
Per capita income
$57,214
+105%since 2020
from $27,905 in 2020
US average: $44,673
Households earning $100K+
59.7%
+23.2 ptssince 2020
from 36.6% in 2020
US average: 53.3%
Poverty rate
7.5%
−18.5 ptssince 2020
from 25.9% in 2020
US average: 12.5%
Income inequality (Gini)
0.548
Unchangedsince 2020
from 0.547 in 2020
US average: 0.476
Workforce by industry, 2024
Information9.9%
Retail trade6.1%
Arts, entertainment, food4.9%
Transportation & warehousing4.6%
Finance & insurance2.7%
Professional, scientific, technical2.7%
Wholesale trade2.6%
Other services1.5%
Public administration0.4%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$647,200
+18%inflation adjusted, since 2020
from $451,300 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,124
Unchangedinflation adjusted, since 2020
from $924 in 2020
US average: $1,442
Owner-occupied
47.6%
+2.0 ptssince 2020
from 45.6% in 2020
52.4% rent
Vacancy rate
21.9%
+0.1 ptssince 2020
from 21.8% in 2020
US average: 10.0%
Owner cost-burdened
15.2%
−12.9 ptssince 2020
from 28.2% in 2020
US average: 22.9%
Renter cost-burdened
48.1%
+7.5 ptssince 2020
from 40.6% in 2020
US average: 47.4%
Afford Score
6.8
−24%since 2020
from 8.9 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 506 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic40.1%(1,443)
Black48.9%(1,760)
Hispanic / Latino5.1%(185)
Asian2.3%(82)
Other3.7%(132)
Diversity Score74.5%(2,685)
2024
White, non-Hispanic52.5%(1,724)
Black29.2%(960)
Hispanic / Latino5.8%(191)
Asian5.2%(172)
Other7.3%(239)
Diversity Score78.5%(2,579)
Diversity Score
78
+5%since 2020
from 75 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
61.4%
+17.6 ptssince 2020
from 43.8% in 2020
US average: 35.6%
High school or higher
88.3%
−0.4 ptssince 2020
from 88.7% in 2020
US average: 89.6%
Graduate degree
20.6%
+1.3 ptssince 2020
from 19.2% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
17.4 min
−23%since 2020
from 22.6 min in 2020
US average: 26.5
Drive alone to work
45.8%
−10.7 ptssince 2020
from 56.5% in 2020
US average: 68.9%
Carpooled to work
3.8%
−1.4 ptssince 2020
from 5.2% in 2020
US average: 8.5%
Public transit
2.0%
+0.6 ptssince 2020
from 1.4% in 2020
US average: 3.2%
Worked from home
29.7%
+10.1 ptssince 2020
from 19.6% in 2020
US average: 15.0%
Walked to work
14.3%
+1.6 ptssince 2020
from 12.7% in 2020
US average: 2.4%
Biked to work
2.9%
−1.6 ptssince 2020
from 4.6% in 2020
US average: 0.4%
No vehicle available
10.1%
+0.4 ptssince 2020
from 9.7% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
6.0%
−4.6 ptssince 2020
from 10.6% in 2020
US average: 5.2%
Labor force participation
57.9%
+4.0 ptssince 2020
from 53.9% in 2020
US average: 63.5%
Self-employed
6.5%
−2.3 ptssince 2020
from 8.8% in 2020
US average: 13.1%
Management & professional
47.5%
+5.0 ptssince 2020
from 42.5% in 2020
US average: 42.5%
Section 08
People & community
Male
49.5%
+3.4 ptssince 2020
from 46.1% in 2020
Female
50.5%
−3.4 ptssince 2020
from 53.9% in 2020
Foreign born
3.2%
−3.5 ptssince 2020
from 6.7% in 2020
US average: 14.1%
Veterans
2.6%
−2.1 ptssince 2020
from 4.7% in 2020
US average: 6.2%
With a disability
7.5%
−7.2 ptssince 2020
from 14.7% in 2020
US average: 13.3%
Uninsured
5.0%
−3.5 ptssince 2020
from 8.5% in 2020
US average: 8.4%
Broadband at home
92.6%
+9.4 ptssince 2020
from 83.2% in 2020
US average: 91.0%
English only at home
91.9%
−0.4 ptssince 2020
from 92.3% in 2020
US average: 77.7%
Spanish at home
5.0%
+0.4 ptssince 2020
from 4.6% in 2020
US average: 13.6%
Drill deeper
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Places similar to Census Tract 506Head to head
Compare Census Tract 506 to nearby tracts
CENSUS TRACT 506 VS
Census Tract 507
Income$54,136−43%
Home value$456,800−29%
Population3,348+2%
SEE FULL COMPARISON →
CENSUS TRACT 506 VS
Census Tract 505
Income$122,500+28%
Home value$553,300−15%
Population4,025+22%
SEE FULL COMPARISON →
CENSUS TRACT 506 VS
Census Tract 501
Income$97,273+2%
Home value$654,000+1%
Population5,559+69%
SEE FULL COMPARISON →
CENSUS TRACT 506 VS
Census Tract 504
Income$95,833same
Home value$628,800−3%
Population1,733−47%
SEE FULL COMPARISON →
Frequently asked
How many people live in this census tract?
this census tract has about 3,286 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 $95,396 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 $647,200, and the typical rent is about $1,124 a month.
How educated are people in this census tract?
About 61.4% 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 7.5% 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