Balfour, NC
Population 1,132 · North Carolina
About Balfour, NC
Balfour is a small community in North Carolina with a population of 1,132 residents. The median household income is $69,545 per year, which is near the national average. The median age in Balfour is 42.5 years.
Housing in Balfour has a median home value of $294,200 and median monthly rent of $743. Of the 582 total housing units, the majority are owner-occupied, with 350 owner-occupied and 140 renter-occupied units.
The unemployment rate in Balfour is 0.0% and the poverty rate is 7.8%. 40.3% of residents hold a bachelor's degree or higher. The average commute time is 16.1 minutes.
Cost of Living in Balfour, NC
Compared to national averages, Balfour has a median household income of $69,545 (7% below the national median of $75,149). Home values average $294,200, which is 20% above the national median. Monthly rent at $743 is 36% below the US average of $1,163. Within North Carolina, Balfour's income is 8% above the state average of $64,468, and home values are 29% above the state median of $228,922.
Why Live in Balfour, NC?
Balfour offers rent that’s lower than the national average at $743/month, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 40.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.8%, better than the national average, and short commute times averaging just 16.1 minutes.
Potential considerations include median household income ($69,545) that falls below the national average. However, Balfour’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Balfour has a population of 1,132 with a median age of 42.5 years. Compare Balfour with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Balfour
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Franklinville | 1,129 | $53,942 | $122,400 | Compare |
| McAdenville | 1,139 | $117,411 | $350,900 | Compare |
| Flat Rock | 1,141 | $52,188 | $111,700 | Compare |
| Springdale | 1,120 | $61,250 | $179,600 | Compare |
| Hayesville | 1,110 | $52,875 | $217,400 | Compare |
| Magnolia | 1,109 | $40,156 | $76,900 | Compare |
| Lucama | 1,108 | $34,583 | $98,200 | Compare |
| Kenansville | 1,157 | $62,917 | $144,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Balfour
What is the population of Balfour, NC?
The population of Balfour, NC is 1,132 according to the latest Census data.
What is the median household income in Balfour?
The median household income in Balfour, NC is $69,545 per year.
What is the median home value in Balfour?
The median home value in Balfour, NC is $294,200.
What is the average rent in Balfour?
The median monthly rent in Balfour, NC is $743.
What is the unemployment rate in Balfour?
The unemployment rate in Balfour, NC is 0.0%.