Albemarle, NC Profile: Facts & Data

Albemarle, North Carolina - Basic Facts

The City of Albemarle had a population of 17,246 as of July 1, 2024.

The primary coordinate point for Albemarle is located at latitude 35.3501 and longitude -80.2001 in Stanly County. The formal boundaries for the City of Albemarle encompass a land area of 16.92 sq. miles and a water area of 0.13 sq. miles. Stanly County is in the Eastern time zone (GMT -5).

The City of Albemarle 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 City of Albemarle is located within Township of South Albemarle, a minor civil division (MCD) of Stanly County.

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

POPULATION
Total Population	17,246 (100%)
Population in Households	16,671 (96.7%)
Population in Families	12,706 (73.7%)
Population in Group Quarters¹	575 ( 3.3%)
Population Density	958
Diversity Index²	59


INCOME
Median Household Income	$49,681
Average Household Income	$76,320
% of Income for Mortgage⁴	25%
Per Capita Income	$31,576
Wealth Index⁵	64
Socioeconomic Status Index⁶	Low (43.6)

HOUSING
Total HU (Housing Units)	7,896 (100%)
Owner Occupied HU	4,122 (52.2%)
Renter Occupied HU	3,001 (38.0%)
Vacant Housing Units	773 ( 9.8%)
Median Home Value	$199,105
Average Home Value	$261,960
Housing Affordability Index³	101

HOUSEHOLDS
Total Households	7,123
Average Household Size	2.34
Family Households	4,266
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

7,896 (100%)

Owner Occupied HU

4,122 (52.2%)

Renter Occupied HU

3,001 (38.0%)

Vacant Housing Units

773 ( 9.8%)

Median Home Value

$199,105

Average Home Value

$261,960

Housing Affordability Index³

101

HOUSEHOLDS

Total Households

7,123

Average Household Size

2.34

Family Households

4,266

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	1.14%	0.50%
Households	1.23%	0.63%
Families		0.57%
Median Household Income		2.72%
Per Capita Income		2.85%
Owner Occupied HU		1.41%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.14%

0.50%

Households

1.23%

0.63%

Families

0.57%

Median Household Income

2.72%

Per Capita Income

2.85%

Owner Occupied HU

1.41%

Albemarle, NC - Peer Comparisons by Rank and Percentile

The table below compares Albemarle 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	# 64	92nd
Population Density	# 239	69th
Median Household Income	# 563	28th
Housing Affordability Index	# 398	51st
Per Capita Income	# 405	48th
Diversity Index	# 306	61st

Variable Description

Rank

Percentile

Total Population

# 64

92nd

Population Density

# 239

69th

Median Household Income

# 563

28th

Housing Affordability Index

# 398

51st

Per Capita Income

# 405

48th

Diversity Index

# 306

61st

North Carolina Census Data Comparison Tool

Albemarle, NC Profile: Facts & Data

Albemarle, North Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Albemarle, NC - Peer Comparisons by Rank and Percentile

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