What percentage of people rent in Balfour, NC?
22.0% (±9.4 points) of the occupied homes in Balfour, NC are rented (2020–2024 American Community Survey).
That is 102 renting households against 362 that own their home.
In Balfour, the share of households that rent went from 30.5% in 2015–2019 to 22.0% in 2020–2024 (−8.5 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 22.0% (±9.4 points)
- Renting households
- 102 (±50)
- Median renter income
- $38,611 (±$18,680)
Who rents and who owns in Balfour
| Balfour | Henderson County | North Carolina | United States | |
|---|---|---|---|---|
| Renter-occupied share | 22.0% (±9.4 points) | 25.0% (±1.5 points) | 33.4% (±0.2 points) | 34.8% |
| Renting households | 102 (±50) | 12,756 (±817) | 1,428,852 (±8,279) | 45,017,354 |
| Owning households | 362 (±85) | 38,311 (±892) | 2,853,493 (±14,473) | 84,210,142 |
| Average renter household size | 1.6 (±0.4) | 2.3 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.7 (±0.5) | 2.3 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $38,611 (±$18,680) | $46,217 (±$4,837) | $48,010 (±$418) | $52,966 |
| Median owner household income | $71,929 (±$13,599) | $79,498 (±$3,285) | $88,911 (±$521) | $100,009 |
In Balfour, the renter share is not measurably different from Henderson County (25.0%).
It is also lower than in North Carolina (33.4%).
It is lower than the national figure (34.8%).
In Henderson County, Balfour ranks 7 of 16 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 433 of 663.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Balfour has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 30.5% (±12.0 points) | 22.0% (±9.4 points) | −8.5 percentage points | Not a measurable change |
| Median gross rent | $627 (±$129) | $591 (±$306) | −5.7% | No measurable change after inflation |
| Median household income | $32,411 (±$30,552) | $70,116 (±$16,992) | +116.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Balfour
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Balfour | — | 22.0% (±9.4 points) | — |
| Mountain Home | 1.4 mi | 24.6% (±11.5 points) | Not measurably different |
| Hendersonville | 2.7 mi | 53.9% (±4.5 points) | Higher |
| Laurel Park | 3.0 mi | 13.5% (±6.2 points) | Not measurably different |
| Barker Heights | 4.1 mi | 59.2% (±23.2 points) | Higher |
| Valley Hill | 4.1 mi | 20.1% (±13.5 points) | Not measurably different |
| Horse Shoe | 4.4 mi | 11.6% (±10.3 points) | Not measurably different |
| Fruitland | 4.9 mi | 22.9% (±13.9 points) | Not measurably different |
| Fletcher | 5.6 mi | 14.7% (±4.9 points) | Not measurably different |
Nearby places with a measurably higher figure: Hendersonville, NC (53.9%), Barker Heights, NC (59.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Henderson County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Barker Heights | 59.2% (±23.2 points) |
| 2 | Hendersonville | 53.9% (±4.5 points) |
| 3 | Edneyville | 45.6% (±12.0 points) |
| 4 | East Flat Rock | 35.9% (±9.4 points) |
| 5 | Mountain Home | 24.6% (±11.5 points) |
| 6 | Fruitland | 22.9% (±13.9 points) |
| 7 | Balfour | 22.0% (±9.4 points) |
| 8 | Valley Hill | 20.1% (±13.5 points) |
| 9 | Hoopers Creek | 17.3% (±14.4 points) |
| 10 | Dana | 16.2% (±9.7 points) |
| 11 | Etowah | 16.0% (±5.9 points) |
| 12 | Fletcher | 14.7% (±4.9 points) |
| 13 | Mills River | 14.4% (±4.9 points) |
Showing 13 of 16 places in Henderson County, ranked from highest to lowest.
Balfour is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Balfour
How many renters are there in Balfour?
Balfour has an estimated 102 (±50) renting households, 22.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Balfour?
In Balfour, the share of households that rent went from 30.5% in 2015–2019 to 22.0% in 2020–2024 (−8.5 percentage points), not a measurable change.
How big are renting households in Balfour?
A renting household in Balfour has 1.6 people on average, against 2.7 in an owned home.
How much do renters earn in Balfour?
The median renting household in Balfour, NC has an income of $38,611 (±$18,680) a year, against $71,929 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Balfour CDP, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Balfour CDP, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Balfour CDP, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Balfour CDP, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Balfour CDP, North Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Balfour CDP, North Carolina (place:03220, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Balfour at a glance
- Income and affordability in Balfour
- Home values in Balfour
- Homeowner costs in Balfour
- Property taxes in Balfour
- Types of homes in Balfour
- Bedrooms in Balfour
- Age of homes in Balfour
- Heating fuel in Balfour
- Commute and cars in Balfour
- Population growth in Balfour
- North Carolina landlord and tenant rules
- Housing across Henderson County
- North Carolina places ranked by share of renters
- Housing data for every place in North Carolina