Balfour, North Carolina Demographics & Population 2026
During the 2020–2024 ACS period, Balfour, North Carolina had a total population of 1,134, the 431st largest community in North Carolina, with a median household income of $70,116, which is 3% lower than the state average. The poverty rate is 5.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Balfour Quick Facts
How Balfour Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,132 | 1,134 | +0.2% |
| Median household income | $69,545 | $70,116 | +0.8% |
| Median home value | $294,200 | $292,600 | -0.5% |
How Balfour Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 58 | National average: 61
Education
Educational Attainment (Adults 25+)
Balfour Rankings in North Carolina
Explore North Carolina Rankings
Other Cities in Henderson County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hendersonville | 15,408 | $53,449 | 14.5% | $317,000 |
| Fletcher | 8,098 | $75,272 | 7.6% | $331,100 |
| Etowah | 7,968 | $72,596 | 14.4% | $338,100 |
| Mills River | 7,281 | $105,398 | 2.6% | $436,100 |
| East Flat Rock | 6,323 | $59,583 | 12.6% | $245,900 |
| Dana | 4,147 | $60,450 | 24.7% | $249,700 |
| Flat Rock | 3,530 | $95,098 | 7.6% | $601,700 |
| Mountain Home | 3,437 | $83,083 | 11.9% | $400,000 |
| Edneyville | 2,716 | $53,818 | 22.3% | $286,400 |
| Valley Hill | 2,675 | $86,599 | 7.9% | $353,100 |
Cities Similar to Balfour
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Barker Ten Mile | 1,156 | $66,667 | $163,700 | 32.0% | 6.0% |
| Dortches | 1,158 | $74,500 | $247,600 | 24.6% | 9.4% |
| Woodlawn | 1,085 | $72,734 | $327,600 | 26.3% | 0.0% |
| Highlands | 1,074 | $71,509 | $700,900 | 57.8% | 7.9% |
| Bonnetsville | 1,063 | N/A | N/A | 5.1% | 62.8% |
Population Overview
Balfour is a small community located in North Carolina, within Henderson County. The total population is 1,134. It ranks as the 431st most populous out of 772 Census-designated places in North Carolina.
Age Demographics
The median age in Balfour is 46.1 years. This is 18% higher than the state median of 39.1 years. Only 10.8% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Balfour is $70,116. This is 3% lower than the state median of $72,388. It is also 13% lower than the national median of $80,734. The poverty rate stands at 5.6%. This is 57% lower than the state poverty rate of 13.0%. The survey records no unemployed residents in Balfour, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $292,600. Housing costs are 1% higher than the state median of $288,900. The home-value-to-income ratio is 4.2x. 78.0% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 66.6%.
Race & Ethnicity
The largest racial or ethnic group in Balfour is White (non-Hispanic), making up 80.6% of the population. Hispanic or Latino residents account for 15.5%. The Black or African American population (0.5%) is well below the state average of 20.0%.
Education
32.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 10% lower than the state rate of 35.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.9%.
Data Sources & Methodology
All demographic data for Balfour, North Carolina is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against North Carolina state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 772 Census-designated places in North Carolina. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Balfour, North Carolina?
Balfour, North Carolina has a population of 1,134 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Balfour, NC?
The median household income in Balfour is $70,116, which is 13% lower than the national median of $80,734.
What is the poverty rate in Balfour, NC?
The poverty rate in Balfour is 5.6%. This means approximately 64 residents live below the federal poverty line.
What is the racial makeup of Balfour, North Carolina?
Balfour's population is 80.6% White, 0.5% Black, 15.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Balfour, NC?
The median home value in Balfour is $292,600. The home-value-to-income ratio is 4.2x.
How educated is Balfour, North Carolina?
32.2% of adults (25+) in Balfour hold a bachelor's degree or higher, and 5.5% hold a graduate or professional degree.