Lake Norman of Iredell, NC
Population 12,496 · North Carolina
About Lake Norman of Iredell, NC
Lake Norman of Iredell is a mid-sized city located in North Carolina with a population of 12,496 residents according to the latest US Census Bureau American Community Survey data. The median household income is $194,519 per year, which is 159% above the national median of $75,149. The median age of 47.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Norman of Iredell features a median home value of $839,900, which is 243% above the national median of $244,900. This places Lake Norman of Iredell in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,272, 9% above the national average of $1,163/month. Of the 5,087 total housing units, 96% are owner-occupied (4,153 units) and 4% are renter-occupied (195 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Norman of Iredell shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Norman of Iredell have an average one-way commute time of 30.7 minutes.
Education & Demographics
66.7% of Lake Norman of Iredell residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.4% White, 1.7% Hispanic or Latino, 0.7% Black or African American, and 4.4% Asian residents, with 7.0% of the population being foreign-born.
How Lake Norman of Iredell Ranks in North Carolina
Cost of Living in Lake Norman of Iredell, NC
Compared to national averages, Lake Norman of Iredell has a median household income of $194,519 (159% above the national median of $75,149). Home values average $839,900, which is 243% above the national median. Monthly rent at $1,272 is 9% above the US average of $1,163. Within North Carolina, Lake Norman of Iredell's income is 202% above the state average of $64,468, and home values are 267% above the state median of $228,922.
Why Live in Lake Norman of Iredell, NC?
Lake Norman of Iredell offers a strong local economy with a median household income of $194,519, well above the national average, and a strong job market with an unemployment rate of just 2.4%, and a well-educated community where 66.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $839,900. However, Lake Norman of Iredell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Norman of Iredell has a population of 12,496 with a median age of 47.7 years. Compare Lake Norman of Iredell with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Lake Norman of Iredell
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Myrtle Grove | 12,404 | $112,139 | $398,600 | Compare |
| Archdale | 11,992 | $64,984 | $188,200 | Compare |
| Smithfield | 11,798 | $37,827 | $217,000 | Compare |
| Newton | 13,223 | $56,869 | $169,300 | Compare |
| Spring Lake | 11,613 | $50,497 | $101,300 | Compare |
| Wendell | 11,585 | $93,848 | $316,700 | Compare |
| Weddington | 13,468 | $196,159 | $730,200 | Compare |
| Lincolnton | 11,503 | $43,294 | $224,600 | 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.
Compare Lake Norman of Iredell With Other Cities
Frequently Asked Questions about Lake Norman of Iredell
What is the population of Lake Norman of Iredell, NC?
The population of Lake Norman of Iredell, NC is 12,496 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in North Carolina.
What is the median household income in Lake Norman of Iredell?
The median household income in Lake Norman of Iredell, NC is $194,519 per year, which is 159% above the national median of $75,149.
What is the median home value in Lake Norman of Iredell?
The median home value in Lake Norman of Iredell, NC is $839,900, which is 243% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Norman of Iredell?
The median monthly rent in Lake Norman of Iredell, NC is $1,272, which is 9% above the national average of $1,163/month.
What is the unemployment rate in Lake Norman of Iredell?
The unemployment rate in Lake Norman of Iredell, NC is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Norman of Iredell, NC a good place to live?
Lake Norman of Iredell offers above-average incomes, a competitive housing market, and a strong job market. With a population of 12,496 and a median age of 47.7, the city appeals to established professionals and retirees.
How educated is Lake Norman of Iredell, NC?
66.7% of residents in Lake Norman of Iredell aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Norman of Iredell?
Key cost-of-living indicators for Lake Norman of Iredell, NC: median home value is $839,900 (243% above national), median rent is $1,272/month, and median household income is $194,519. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Lake Norman of Iredell?
The poverty rate in Lake Norman of Iredell, NC is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Norman of Iredell, NC?
Lake Norman of Iredell's population is 1.4% White, 1.7% Hispanic or Latino, 0.7% Black or African American, 4.4% Asian, and 0.1% two or more races. 7.0% of residents are foreign-born.