Township Of Colfax NC Demographic Data and Boundary Map

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Township Of Colfax, NC

The Township Of Colfax is a County Subdivision of Rutherford County. The subdivision has a Z1 Census Class Code which indicates that the Township Of Colfax is a nonfunctioning county subdivision.

Also See: Rutherford County Data | Cities in Rutherford County | County Subdivisions in Rutherford County

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  1. Township Of Colfax 2019 Demographic Data
  2. Growth Rates for Township Of Colfax (Historical & 5-Year Forecast)
  3. Neighborhoods Demographics (Home Values, Household Income, etc.)
  4. North Carolina Research Tools (Easy Tools & Current Data)
  5. North Carolina Data Comparison Tool - 2019 Demographics

Township Of Colfax Boundary Map


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Township Of Colfax Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Township Of Colfax Housing Affordability Index is 178
State of North Carolina Housing Affordability Index is 140
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.

WEALTH INDEX

Township Of Colfax Wealth Index is 59
State of North Carolina Wealth Index is 84
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.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific North Carolina address.

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POPULATION

Total Population 9,350
Population in Households 9,283
Population in Familes 7,778
Population in Group Qrtrs 67
Population Density 178
Diversity Index1 19
 

INCOME

Median Household Income $39,908
Average Household Income $56,701
Per Capita Income $22,220
Wealth Index3 59

HOUSING

Total Housing Units 4,153 (100%)
Owner Occupied HU 2,666 (64.2%)
Renter Occupied HU 999 (24.1%)
Vacant Housing Units 488 (11.8%)
Median Home Value $118,708
Housing Affordability Index2 178
 

HOUSEHOLDS

Total Households 3,665
Average Household Size 2.53
Family Households 2,586
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATES

2010-2019 2019-2024
Population 0.81% 0.64%
Households 0.7% 0.55%
Families 0.54% 0.48%
Median Household Income   1.46%
Per Capita Income   3.18%

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