Troutman, NC Profile: Facts & Data

Troutman, North Carolina - Basic Facts

The Town of Troutman had a population of 5,983 as of July 1, 2024.

The primary coordinate point for Troutman is located at latitude 35.7007 and longitude -80.8881 in Iredell County. The formal boundaries for the Town of Troutman encompass a land area of 5.36 sq. miles and a water area of 0.01 sq. miles. Iredell County is in the Eastern time zone (GMT -5).

The Town of Troutman 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 Troutman is located within Township of Fallstown, a minor civil division (MCD) of Iredell County.

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

POPULATION
Total Population	5,983 (100%)
Population in Households	5,965 (99.7%)
Population in Families	5,094 (85.1%)
Population in Group Quarters¹	18 ( 0.3%)
Population Density	759
Diversity Index²	48


INCOME
Median Household Income	$78,197
Average Household Income	$99,091
% of Income for Mortgage⁴	26%
Per Capita Income	$37,286
Wealth Index⁵	89
Socioeconomic Status Index⁶	Moderate (56.9)

HOUSING
Total HU (Housing Units)	2,480 (100%)
Owner Occupied HU	1,950 (78.6%)
Renter Occupied HU	301 (12.1%)
Vacant Housing Units	229 ( 9.2%)
Median Home Value	$319,560
Average Home Value	$356,692
Housing Affordability Index³	100

HOUSEHOLDS
Total Households	2,251
Average Household Size	2.65
Family Households	1,617
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,480 (100%)

Owner Occupied HU

1,950 (78.6%)

Renter Occupied HU

301 (12.1%)

Vacant Housing Units

229 ( 9.2%)

Median Home Value

$319,560

Average Home Value

$356,692

Housing Affordability Index³

100

HOUSEHOLDS

Total Households

2,251

Average Household Size

2.65

Family Households

1,617

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	8.87%	3.71%
Households	9.28%	4.12%
Families		4.30%
Median Household Income		2.52%
Per Capita Income		3.51%
Owner Occupied HU		3.62%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

8.87%

3.71%

Households

9.28%

4.12%

Families

4.30%

Median Household Income

2.52%

Per Capita Income

3.51%

Owner Occupied HU

3.62%

Troutman, NC - Peer Comparisons by Rank and Percentile

The table below compares Troutman 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	# 150	81st
Population Density	# 333	57th
Median Household Income	# 184	76th
Housing Affordability Index	# 382	49th
Per Capita Income	# 264	66th
Diversity Index	# 467	40th

Variable Description

Rank

Percentile

Total Population

# 150

81st

Population Density

# 333

57th

Median Household Income

# 184

76th

Housing Affordability Index

# 382

49th

Per Capita Income

# 264

66th

Diversity Index

# 467

40th

North Carolina Census Data Comparison Tool

Troutman, NC Profile: Facts & Data

Troutman, North Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Troutman, NC - Peer Comparisons by Rank and Percentile

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Iredell County