Cove City, NC Profile: Facts & Data

Cove City, North Carolina - Basic Facts

The Town of Cove City had a population of 374 as of July 1, 2024.

The primary coordinate point for Cove City is located at latitude 35.1874 and longitude -77.3208 in Craven County. The formal boundaries for the Town of Cove City encompass a land area of 0.64 sq. miles and a water area of 0 sq. miles. Craven County is in the Eastern time zone (GMT -5).

The Town of Cove City 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 Cove City is located within Township 3, a minor civil division (MCD) of Craven County.

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

POPULATION
Total Population	374 (100%)
Population in Households	374 (100.0%)
Population in Families	315 (84.2%)
Population in Group Quarters¹	0
Population Density	587
Diversity Index²	58


INCOME
Median Household Income	$52,172
Average Household Income	$74,584
% of Income for Mortgage⁴	17%
Per Capita Income	$34,899
Wealth Index⁵	68
Socioeconomic Status Index⁶	Moderate (52.0)

HOUSING
Total HU (Housing Units)	200 (100%)
Owner Occupied HU	133 (66.5%)
Renter Occupied HU	42 (21.0%)
Vacant Housing Units	25 (12.5%)
Median Home Value	$140,625
Average Home Value	$163,346
Housing Affordability Index³	149

HOUSEHOLDS
Total Households	175
Average Household Size	2.14
Family Households	118
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

200 (100%)

Owner Occupied HU

133 (66.5%)

Renter Occupied HU

42 (21.0%)

Vacant Housing Units

25 (12.5%)

Median Home Value

$140,625

Average Home Value

$163,346

Housing Affordability Index³

149

HOUSEHOLDS

Total Households

175

Average Household Size

2.14

Family Households

118

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	-0.25%	0.00%
Households	0.27%	0.23%
Families		-1.94%
Median Household Income		2.72%
Per Capita Income		4.80%
Owner Occupied HU		2.30%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.25%

0.00%

Households

0.27%

0.23%

Families

-1.94%

Median Household Income

2.72%

Per Capita Income

4.80%

Owner Occupied HU

2.30%

Cove City, NC - Peer Comparisons by Rank and Percentile

The table below compares Cove City 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	# 621	20th
Population Density	# 403	48th
Median Household Income	# 510	34th
Housing Affordability Index	# 693	89th
Per Capita Income	# 316	59th
Diversity Index	# 319	59th

Variable Description

Rank

Percentile

Total Population

# 621

20th

Population Density

# 403

48th

Median Household Income

# 510

34th

Housing Affordability Index

# 693

89th

Per Capita Income

# 316

59th

Diversity Index

# 319

59th

North Carolina Census Data Comparison Tool

Cove City, NC Profile: Facts & Data

Cove City, North Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cove City, NC - Peer Comparisons by Rank and Percentile

Cove City, NC - Most Popular Things to Do

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Craven County