Woodfin, NC Profile: Facts & Data

Woodfin, North Carolina - Basic Facts

The Town of Woodfin had a population of 8,181 as of July 1, 2024.

The primary coordinate point for Woodfin is located at latitude 35.6334 and longitude -82.5821 in Buncombe County. The formal boundaries for the Town of Woodfin encompass a land area of 9.07 sq. miles and a water area of 0.41 sq. miles. Buncombe County is in the Eastern time zone (GMT -5).

The Town of Woodfin 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 Woodfin is located within Township of Asheville, a minor civil division (MCD) of Buncombe County.

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

POPULATION
Total Population	8,181 (100%)
Population in Households	7,238 (88.5%)
Population in Families	4,971 (60.8%)
Population in Group Quarters¹	943 (11.5%)
Population Density	890
Diversity Index²	49


INCOME
Median Household Income	$68,849
Average Household Income	$114,906
% of Income for Mortgage⁴	39%
Per Capita Income	$47,442
Wealth Index⁵	109
Socioeconomic Status Index⁶	Moderate (51.1)

HOUSING
Total HU (Housing Units)	3,808 (100%)
Owner Occupied HU	1,938 (50.9%)
Renter Occupied HU	1,411 (37.1%)
Vacant Housing Units	459 (12.1%)
Median Home Value	$428,049
Average Home Value	$578,212
Housing Affordability Index³	66

HOUSEHOLDS
Total Households	3,349
Average Household Size	2.16
Family Households	1,809
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

3,808 (100%)

Owner Occupied HU

1,938 (50.9%)

Renter Occupied HU

1,411 (37.1%)

Vacant Housing Units

459 (12.1%)

Median Home Value

$428,049

Average Home Value

$578,212

Housing Affordability Index³

HOUSEHOLDS

Total Households

3,349

Average Household Size

2.16

Family Households

1,809

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	0.72%	0.38%
Households	0.74%	0.46%
Families		0.45%
Median Household Income		4.52%
Per Capita Income		3.74%
Owner Occupied HU		1.67%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.72%

0.38%

Households

0.74%

0.46%

Families

0.45%

Median Household Income

4.52%

Per Capita Income

3.74%

Owner Occupied HU

1.67%

Woodfin, NC - Peer Comparisons by Rank and Percentile

The table below compares Woodfin 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	# 119	85th
Population Density	# 267	66th
Median Household Income	# 264	66th
Housing Affordability Index	# 106	14th
Per Capita Income	# 124	84th
Diversity Index	# 453	42nd

Variable Description

Rank

Percentile

Total Population

# 119

85th

Population Density

# 267

66th

Median Household Income

# 264

66th

Housing Affordability Index

# 106

14th

Per Capita Income

# 124

84th

Diversity Index

# 453

42nd

North Carolina Census Data Comparison Tool

Woodfin, NC Profile: Facts & Data

Woodfin, North Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Woodfin, NC - Peer Comparisons by Rank and Percentile

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