Lake Norman of Iredell, NC Profile: Facts & Data

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Lake Norman of Iredell, North Carolina - Basic Facts

The Lake Norman of Iredell CDP(1) had a population of 11,409 as of July 1, 2023. Lake Norman of Iredell ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Lake Norman of Iredell is located at latitude 35.5433 and longitude -80.9286 in Iredell County. The formal boundaries for the Lake Norman of Iredell Census Designated Place encompass a land area of 23.84 sq. miles and a water area of 8.53 sq. miles.

The Lake Norman of Iredell Census Designated Place has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Lake Norman of Iredell Census Designated Place is located within Township of Davidson, a minor civil division (MCD) of Iredell County.


  1. 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.

Jump to... (On This Page!)
  1. Lake Norman of Iredell 2023 Demographic Data
  2. Growth Rates for Lake Norman of Iredell (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2023 Demographics
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Lake Norman of Iredell, NC Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 11,409 (100%)
Population in Households 11,409 (100.0%)
Population in Families 10,393 (91.1%)
Population in Group Quarters1 0
Population Density 1,130
Diversity Index2 29
 
 

INCOME

Median Household Income $173,422
Average Household Income $230,011
% of Income for Mortgage4 24%
Per Capita Income $84,694
Wealth Index5 285
Socioeconomic Status Index6 High (72.4)
 

HOUSING

Total HU (Housing Units) 4,802 (100%)
Owner Occupied HU 3,876 (80.7%)
Renter Occupied HU 325 ( 6.8%)
Vacant Housing Units 601 (12.5%)
Median Home Value $700,583
Average Home Value $815,725
Housing Affordability Index3 106
 

HOUSEHOLDS

Total Households 4,201
Average Household Size 2.72
Family Households 3,405
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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

2020-2023 2023-2028
Population 0.04% -0.02%
Households 0.41% 0.27%
Families   0.26%
Median Household Income   1.62%
Per Capita Income   2.26%
Owner Occupied HU   0.42%

Lake Norman of Iredell, NC - Peer Comparisons by Rank and Percentile

The table below compares Lake Norman of Iredell to the other 776 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2023 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 # 85 89th
Population Density # 175 78th
Median Household Income # 4 100th
Housing Affordability Index # 332 43rd
Per Capita Income # 7 99th
Diversity Index # 663 15th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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