Mineral Springs, NC Profile: Facts & Data

Mineral Springs, North Carolina - Basic Facts

The Town of Mineral Springs had a population of 3,290 as of July 1, 2024.

The primary coordinate point for Mineral Springs is located at latitude 34.9379 and longitude -80.6687 in Union County. The formal boundaries for the Town of Mineral Springs encompass a land area of 8.14 sq. miles and a water area of 0.07 sq. miles. Union County is in the Eastern time zone (GMT -5).

The Town of Mineral Springs 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 Mineral Springs is located within Township of Sandy Ridge, a minor civil division (MCD) of Union County.

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Mineral Springs, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	3,290 (100%)
Population in Households	3,290 (100.0%)
Population in Families	2,947 (89.6%)
Population in Group Quarters¹	0
Population Density	401
Diversity Index²	43


INCOME
Median Household Income	$111,556
Average Household Income	$142,215
% of Income for Mortgage⁴	29%
Per Capita Income	$50,445
Wealth Index⁵	151
Socioeconomic Status Index⁶	Moderate (64.8)

HOUSING
Total HU (Housing Units)	1,200 (100%)
Owner Occupied HU	1,072 (89.3%)
Renter Occupied HU	95 ( 7.9%)
Vacant Housing Units	33 ( 2.7%)
Median Home Value	$523,313
Average Home Value	$527,659
Housing Affordability Index³	86

HOUSEHOLDS
Total Households	1,167
Average Household Size	2.82
Family Households	955
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,200 (100%)

Owner Occupied HU

1,072 (89.3%)

Renter Occupied HU

95 ( 7.9%)

Vacant Housing Units

33 ( 2.7%)

Median Home Value

$523,313

Average Home Value

$527,659

Housing Affordability Index³

HOUSEHOLDS

Total Households

1,167

Average Household Size

2.82

Family Households

955

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
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	2020-2024	2024-2029
Population	0.96%	1.25%
Households	0.66%	1.40%
Families		1.82%
Median Household Income		3.52%
Per Capita Income		2.68%
Owner Occupied HU		1.47%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.96%

1.25%

Households

0.66%

1.40%

Families

1.82%

Median Household Income

3.52%

Per Capita Income

2.68%

Owner Occupied HU

1.47%

Mineral Springs, NC - Peer Comparisons by Rank and Percentile

The table below compares Mineral Springs to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 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	# 251	68th
Population Density	# 518	33rd
Median Household Income	# 38	95th
Housing Affordability Index	# 232	30th
Per Capita Income	# 91	88th
Diversity Index	# 515	34th

Variable Description

Rank

Percentile

Total Population

# 251

68th

Population Density

# 518

33rd

Median Household Income

# 38

95th

Housing Affordability Index

# 232

30th

Per Capita Income

# 91

88th

Diversity Index

# 515

34th

North Carolina Census Data Comparison Tool

Mineral Springs, NC Profile: Facts & Data

Mineral Springs, North Carolina - Basic Facts

Mineral Springs, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Mineral Springs, NC - Peer Comparisons by Rank and Percentile

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