Balfour

Population: 1,132
Median household income: $69,545
Median home value: $294,200

Balfour, a community in Henderson County, North Carolina, has 1,132 residents. Its median household income of $69,545 runs in line with the Henderson County figure of $67,623.

From 2019 to 2023, Balfour's population declined 6.9% from 1,216 to 1,132, while its median home value rose 80.7% from $162,800 to $294,200.

78.5% of homes are single-family detached houses. The typical home was built around 1976.

Demographics

ACS 2019–2023

Population: 1,132
Median age: 42.5 yrs
Median household income: $69,545
Median home value: $294,200
Median gross rent: $743
Housing units: 582
Homeownership rate: 71.4%
Bachelor's degree or higher: 40.3%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

1,2161,132

Median household income

$32,411$69,545

Median home value

$162,800$294,200

Median gross rent

$627$743

Year	Population	Median household income	Median home value	Median gross rent
2019	1,216	$32,411	$162,800	$627
2020	1,177	$60,833	$200,300	$763
2021	1,233	$74,650	$216,700	$725
2022	1,142	$69,643	$282,300	$764
2023	1,132	$69,545	$294,200	$743

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.9%

5 to 174.2%

18 to 242.9%

25 to 3421.7%

35 to 4416.8%

45 to 5411.3%

55 to 6411.7%

65 to 7419.2%

75 and over6.2%

	Count	Share
Under 5	67	5.9%
5 to 17	48	4.2%
18 to 24	33	2.9%
25 to 34	246	21.7%
35 to 44	190	16.8%
45 to 54	128	11.3%
55 to 64	133	11.7%
65 to 74	217	19.2%
75 and over	70	6.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	944	83.4%
Black or African American	21	1.9%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	62	5.5%
Hispanic or Latino (any race)	105	9.3%

Educational attainment (age 25+)

No high school diploma6.8%

High school graduate22.5%

Some college or associate's30.4%

Bachelor's degree27.8%

Graduate or professional degree12.5%

	Count	Share
No high school diploma	67	6.8%
High school graduate	221	22.5%
Some college or associate's	299	30.4%
Bachelor's degree	274	27.8%
Graduate or professional degree	123	12.5%

Commute to work

Mean travel time to work: 16 min

Drove alone82.1%

Carpooled5.0%

Public transit0.0%

Walked0.0%

Bicycle5.4%

Worked from home7.4%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	635	82.1%
Carpooled	39	5.0%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	42	5.4%
Worked from home	57	7.4%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	319	44.6%
15 to 29 min	280	39.1%
30 to 44 min	106	14.8%
45 to 59 min	0	0.0%
60+ min	11	1.5%

Households

Average household size: 2.31
Poverty rate: 7.8% (88 of 1,132)

	Count	Share
Family households	320	65.3%
Nonfamily households	170	34.7%

Housing

Median year structure built: 1976

Occupancy

	Count	Share
Occupied	490	84.2%
Vacant	92	15.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	350	71.4%
Renter-occupied	140	28.6%

1-unit, detached78.5%

1-unit, attached4.3%

2 to 4 units6.4%

5 to 19 units7.0%

20 or more units0.0%

Mobile home & other3.8%

Units in structure

	Count	Share
1-unit, detached	457	78.5%
1-unit, attached	25	4.3%
2 to 4 units	37	6.4%
5 to 19 units	41	7.0%
20 or more units	0	0.0%
Mobile home & other	22	3.8%

Geography

Place GEOID: 3703220
Type (LSAD): 57
Land area: 1.62 sq mi
Water area: 0 sq mi
Center point: 35.3526, -82.4887