Light Oak, NC Profile: Facts & Data

The primary coordinate point for Light Oak is located at latitude 35.2849 and longitude -81.4768 in Cleveland County. The formal boundaries for the Light Oak Census Designated Place encompass a land area of 1.44 sq. miles and a water area of 0 sq. miles. Cleveland County is in the Eastern time zone (GMT -5).

The Light Oak Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Light Oak Census Designated Place is located within , a minor civil division (MCD) of Cleveland County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Light Oak, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	689 (100%)
Population in Households	689 (100.0%)
Population in Families	525 (76.2%)
Population in Group Quarters¹	0
Population Density	479
Diversity Index²	53


INCOME
Median Household Income	$56,187
Average Household Income	$99,919
% of Income for Mortgage⁴	31%
Per Capita Income	$40,896
Wealth Index⁵	108
Socioeconomic Status Index⁶	Low (39.9)

HOUSING
Total HU (Housing Units)	310 (100%)
Owner Occupied HU	182 (58.7%)
Renter Occupied HU	100 (32.3%)
Vacant Housing Units	28 ( 9.0%)
Median Home Value	$281,944
Average Home Value	$342,308
Housing Affordability Index³	80

HOUSEHOLDS
Total Households	282
Average Household Size	2.44
Family Households	182
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.

Light Oak, NC - Peer Comparisons by Rank and Percentile

The table below compares Light Oak 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.27%	-0.41%
Households	0.00%	-0.21%
Families		0.44%
Median Household Income		5.37%
Per Capita Income		3.42%
Owner Occupied HU		1.29%

Variable Description	Rank	Percentile
Total Population	# 514	34th
Population Density	# 472	39th
Median Household Income	# 424	46th
Housing Affordability Index	# 180	23rd
Per Capita Income	# 197	75th
Diversity Index	# 404	48th

Light Oak, NC Profile: Facts & Data

Light Oak, North Carolina - Basic Facts

Light Oak, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Light Oak, NC - Peer Comparisons by Rank and Percentile

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