Old Fort, NC Profile: Facts & Data

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Old Fort, North Carolina - Basic Facts

The Town of Old Fort had a population of 1,044 as of July 1, 2020.

The primary coordinate point for Old Fort is located at latitude 35.629 and longitude -82.1807 in McDowell County. The formal boundaries for the Town of Old Fort encompass a land area of 1.22 sq. miles and a water area of 0.01 sq. miles. McDowell County is in the Eastern time zone (GMT -5). The elevation is 1,437 feet.

The Town of Old Fort (GNIS ID: 2407044) 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 Old Fort is located within Township of Old Fort, a minor civil division (MCD) of McDowell County.

Alternate Unofficial Names for Old Fort: Catawba Vale.

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Old Fort, NC Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,044 (100%)
Population in Households 1,044 (100.0%)
Population in Families 813 (77.9%)
Population in Group Quarters1 0
Population Density 855
Diversity Index2 37
 
 

INCOME

Median Household Income $30,073
Average Household Income $51,006
% of Income for Mortgage4 13%
Per Capita Income $23,678
Wealth Index5 45
 

HOUSING

Total HU (Housing Units) 574 (100%)
Owner Occupied HU 330 (57.5%)
Renter Occupied HU 161 (28.0%)
Vacant Housing Units 83 (14.5%)
Median Home Value $90,496
Average Home Value $132,045
Housing Affordability Index3 216
 

HOUSEHOLDS

Total Households 491
Average Household Size 2.13
Family Households 298
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 1.37% 0.98%
Households 1.51% 1.08%
Families 1.57% 0.99%
Median Household Income   2.02%
Per Capita Income   2.61%
Owner Occupied HU   1.3%

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Old Fort, NC - Peer Comparisons by Rank and Percentile

The table below compares Old Fort to the other 739 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2020 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 # 430 42nd
Population Density # 289 61st
Median Household Income # 694 6th
Housing Affordability Index # 467 63rd
Per Capita Income # 418 44th
Diversity Index # 487 34th

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

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