Township Of Indian Springs NC Demographic Data and Boundary Map
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Township Of Indian Springs, NC
The Township Of Indian Springs is a County Subdivision of Wayne County.
The subdivision has a Z1 Census Class Code which indicates that the Township Of Indian Springs is a nonfunctioning county subdivision.
Township Of Indian Springs Data & Demographics (As of July 1, 2024)
POPULATION
Total Population
7,005 (100%)
Population in Households
7,005 (100.0%)
Population in Families
6,103 (87.1%)
Population in Group Quarters1
0
Population Density
96
Diversity Index2
84
INCOME
Median Household Income
$57,395
Average Household Income
$81,341
% of Income for Mortgage4
16%
Per Capita Income
$27,892
Wealth Index5
70
HOUSING
Total HU (Housing Units)
2,952 (100%)
Owner Occupied HU
1,706 (57.8%)
Renter Occupied HU
696 (23.6%)
Vacant Housing Units
550 (18.6%)
Median Home Value
$145,378
Average Home Value
$159,379
Housing Affordability Index3
158
HOUSEHOLDS
Total Households
2,402
Average Household Size
2.92000000000
Family Households
1,777
Average Family Size
3
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.
