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Walnut Cove, NC Profile: Facts & Data

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Walnut Cove, North Carolina - Basic Facts

The Town of Walnut Cove had a population of 1,545 as of July 1, 2024.

The primary coordinate point for Walnut Cove is located at latitude 36.2954 and longitude -80.1417 in Stokes County. The formal boundaries for the Town of Walnut Cove encompass a land area of 2.41 sq. miles and a water area of 0.03 sq. miles. Stokes County is in the Eastern time zone (GMT -5).

The Town of Walnut Cove 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 Walnut Cove is located within Township of Sauratown, a minor civil division (MCD) of Stokes County.


Jump to... (On This Page!)
  1. Walnut Cove 2024 Demographic Data
  2. Growth Rates for Walnut Cove (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2024 Demographics
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Walnut Cove, NC Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 1,545 (100%)
Population in Households 1,411 (91.3%)
Population in Families 1,108 (71.7%)
Population in Group Quarters1 134 ( 8.7%)
Population Density 613
Diversity Index2 42
 
 

INCOME

Median Household Income $49,042
Average Household Income $68,141
% of Income for Mortgage4 24%
Per Capita Income $30,795
Wealth Index5 49
Socioeconomic Status Index6 Moderate (49.0)
 

HOUSING

Total HU (Housing Units) 764 (100%)
Owner Occupied HU 483 (63.2%)
Renter Occupied HU 212 (27.7%)
Vacant Housing Units 69 ( 9.0%)
Median Home Value $190,925
Average Home Value $234,472
Housing Affordability Index3 104
 

HOUSEHOLDS

Total Households 695
Average Household Size 2.03
Family Households 433
Average Family Size 3.00
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.
  6. 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 -0.61% -0.54%
Households -0.24% -0.14%
Families   -0.80%
Median Household Income   4.80%
Per Capita Income   4.00%
Owner Occupied HU   0.65%

Walnut Cove, NC - Peer Comparisons by Rank and Percentile

The table below compares Walnut Cove 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 # 371 52nd
Population Density # 387 50th
Median Household Income # 573 26th
Housing Affordability Index # 422 54th
Per Capita Income # 430 45th
Diversity Index # 532 32nd

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

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