Faith, NC Profile: Facts & Data

The Town of Faith had a population of 871 as of July 1, 2024. Faith 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 Faith is located at latitude 35.5871 and longitude -80.4628 in Rowan County. The formal boundaries for the Town of Faith encompass a land area of 1.07 sq. miles and a water area of 0 sq. miles. Rowan County is in the Eastern time zone (GMT -5).

The Town of Faith 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.

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

POPULATION
Total Population	871 (100%)
Population in Households	871 (100.0%)
Population in Families	710 (81.5%)
Population in Group Quarters¹	0
Population Density	831
Diversity Index²	34


INCOME
Median Household Income	$77,115
Average Household Income	$92,126
% of Income for Mortgage⁴	21%
Per Capita Income	$35,327
Wealth Index⁵	78
Socioeconomic Status Index⁶	Moderate (55.8)

HOUSING
Total HU (Housing Units)	365 (100%)
Owner Occupied HU	258 (70.7%)
Renter Occupied HU	76 (20.8%)
Vacant Housing Units	31 ( 8.5%)
Median Home Value	$260,870
Average Home Value	$346,318
Housing Affordability Index³	119

HOUSEHOLDS
Total Households	334
Average Household Size	2.61
Family Households	233
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.

Faith, NC - Peer Comparisons by Rank and Percentile

The table below compares Faith 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.46%	0.25%
Households	0.94%	-0.06%
Families		0.43%
Median Household Income		1.96%
Per Capita Income		2.52%
Owner Occupied HU		0.54%

Variable Description	Rank	Percentile
Total Population	# 470	40th
Population Density	# 295	62nd
Median Household Income	# 192	75th
Housing Affordability Index	# 536	69th
Per Capita Income	# 304	61st
Diversity Index	# 616	21st

Faith, NC Profile: Facts & Data

Faith, North Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Faith, NC - Peer Comparisons by Rank and Percentile

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