Newland, NC Profile: Facts & Data

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Newland, North Carolina - Basic Facts

The Town of Newland had a population of 726 as of July 1, 2023.

The primary coordinate point for Newland is located at latitude 36.0873 and longitude -81.9273 in Avery County. The formal boundaries for the Town of Newland encompass a land area of 0.75 sq. miles and a water area of 0 sq. miles. Avery County is in the Eastern time zone (GMT -5).

The Town of Newland has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Newland is located within Township of Newland Number 1, a minor civil division (MCD) of Avery County.


Jump to... (On This Page!)
  1. Newland 2023 Demographic Data
  2. Growth Rates for Newland (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2023 Demographics
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Newland, NC Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 726 (100%)
Population in Households 687 (94.6%)
Population in Families 524 (72.2%)
Population in Group Quarters1 39 ( 5.4%)
Population Density 971
Diversity Index2 37
 
 

INCOME

Median Household Income $37,671
Average Household Income $55,870
% of Income for Mortgage4 31%
Per Capita Income $24,231
Wealth Index5 40
Socioeconomic Status Index6 Low (43.2)
 

HOUSING

Total HU (Housing Units) 390 (100%)
Owner Occupied HU 198 (50.8%)
Renter Occupied HU 116 (29.7%)
Vacant Housing Units 76 (19.5%)
Median Home Value $196,429
Average Home Value $370,076
Housing Affordability Index3 84
 

HOUSEHOLDS

Total Households 314
Average Household Size 2.19
Family Households 186
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.47% -0.14%
Households 0.50% 0.44%
Families   -0.32%
Median Household Income   0.95%
Per Capita Income   3.39%
Owner Occupied HU   -0.30%

Newland, NC - Peer Comparisons by Rank and Percentile

The table below compares Newland to the other 776 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 503 35th
Population Density # 229 70th
Median Household Income # 658 15th
Housing Affordability Index # 168 22nd
Per Capita Income # 608 22nd
Diversity Index # 572 26th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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