Seven Lakes, NC Profile: Facts & Data

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Seven Lakes, North Carolina - Basic Facts

The Seven Lakes Census Designated Place had a population of 5,700 as of July 1, 2020. Seven Lakes ranks in 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 Seven Lakes is located at latitude 35.2785 and longitude -79.5645 in Moore County. The formal boundaries for the Seven Lakes Census Designated Place encompass a land area of 8.39 sq. miles and a water area of 1.66 sq. miles. Moore County is in the Eastern time zone (GMT -5). The elevation is 571 feet.

The Seven Lakes Census Designated Place (GNIS ID: 2402839) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Seven Lakes Census Designated Place is located within , a minor civil division (MCD) of Moore County.


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Seven Lakes, NC Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 5,700 (100%)
Population in Households 5,696 (99.9%)
Population in Families 5,051 (88.6%)
Population in Group Quarters1 4 ( 0.1%)
Population Density 680
Diversity Index2 20
 
 

INCOME

Median Household Income $76,802
Average Household Income $123,831
% of Income for Mortgage4 15%
Per Capita Income $53,068
Wealth Index5 227
 

HOUSING

Total HU (Housing Units) 2,747 (100%)
Owner Occupied HU 2,253 (82.0%)
Renter Occupied HU 202 ( 7.4%)
Vacant Housing Units 292 (10.6%)
Median Home Value $280,037
Average Home Value $350,377
Housing Affordability Index3 167
 

HOUSEHOLDS

Total Households 2,455
Average Household Size 2.32
Family Households 1,913
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 1.51% 1.37%
Households 1.59% 1.41%
Families 1.35% 1.35%
Median Household Income   1.71%
Per Capita Income   2.25%
Owner Occupied HU   1.41%

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Seven Lakes, NC - Peer Comparisons by Rank and Percentile

The table below compares Seven Lakes 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 # 140 81st
Population Density # 372 50th
Median Household Income # 66 91st
Housing Affordability Index # 223 30th
Per Capita Income # 22 97th
Diversity Index # 641 13th

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

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