Troutman, NC Profile: Facts & Data

Troutman, North Carolina - Basic Facts

The Town of Troutman had a population of 4,756 as of July 1, 2023.

The primary coordinate point for Troutman is located at latitude 35.7007 and longitude -80.8881 in Iredell County. The formal boundaries for the Town of Troutman encompass a land area of 5.36 sq. miles and a water area of 0.01 sq. miles. Iredell County is in the Eastern time zone (GMT -5).

The Town of Troutman 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 Troutman is located within Township of Fallstown, a minor civil division (MCD) of Iredell County.

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Troutman, NC Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	4,756 (100%)
Population in Households	4,750 (99.9%)
Population in Families	4,220 (88.7%)
Population in Group Quarters¹	6 ( 0.1%)
Population Density	726
Diversity Index²	46


INCOME
Median Household Income	$74,447
Average Household Income	$100,185
% of Income for Mortgage⁴	20%
Per Capita Income	$36,991
Wealth Index⁵	92
Socioeconomic Status Index⁶	Moderate (54.5)

HOUSING
Total HU (Housing Units)	1,876 (100%)
Owner Occupied HU	1,439 (76.7%)
Renter Occupied HU	317 (16.9%)
Vacant Housing Units	120 ( 6.4%)
Median Home Value	$248,384
Average Home Value	$298,940
Housing Affordability Index³	127

HOUSEHOLDS
Total Households	1,756
Average Household Size	2.71
Family Households	1,406
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,876 (100%)

Owner Occupied HU

1,439 (76.7%)

Renter Occupied HU

317 (16.9%)

Vacant Housing Units

120 ( 6.4%)

Median Home Value

$248,384

Average Home Value

$298,940

Housing Affordability Index³

127

HOUSEHOLDS

Total Households

1,756

Average Household Size

2.71

Family Households

1,406

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	2020-2023	2023-2028
Population	6.62%	2.61%
Households	6.48%	2.88%
Families		2.79%
Median Household Income		3.13%
Per Capita Income		3.26%
Owner Occupied HU		3.58%

GROWTH RATE / YEAR

2020-2023

2023-2028

Population

6.62%

2.61%

Households

6.48%

2.88%

Families

2.79%

Median Household Income

3.13%

Per Capita Income

3.26%

Owner Occupied HU

3.58%

Troutman, NC - Peer Comparisons by Rank and Percentile

The table below compares Troutman 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	# 176	77th
Population Density	# 343	56th
Median Household Income	# 153	80th
Housing Affordability Index	# 507	65th
Per Capita Income	# 216	72nd
Diversity Index	# 483	38th

Variable Description

Rank

Percentile

Total Population

# 176

77th

Population Density

# 343

56th

Median Household Income

# 153

80th

Housing Affordability Index

# 507

65th

Per Capita Income

# 216

72nd

Diversity Index

# 483

38th

North Carolina Census Data Comparison Tool

Troutman, NC Profile: Facts & Data

Troutman, North Carolina - Basic Facts

Troutman, NC Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Troutman, NC - Peer Comparisons by Rank and Percentile

Troutman, NC - Most Popular Things to Do

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Iredell County