Washington Park, NC
Population 470 · North Carolina
About Washington Park, NC
Washington Park is a small community located in North Carolina with a population of 470 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,875 per year, which is 16% above the national median of $75,149. The median age of 54.5 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 Washington Park features a median home value of $300,900, which is 23% above the national median of $244,900. This positions Washington Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,000, 14% below the national average of $1,163/month. Of the 254 total housing units, 92% are owner-occupied (215 units) and 8% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Washington Park shows an unemployment rate of 9.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Washington Park have an average one-way commute time of 24.5 minutes.
Education & Demographics
59.3% of Washington Park 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 0.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.2% of the population being foreign-born.
How Washington Park Ranks in North Carolina
Cost of Living in Washington Park, NC
Compared to national averages, Washington Park has a median household income of $86,875 (16% above the national median of $75,149). Home values average $300,900, which is 23% above the national median. Monthly rent at $1,000 is 14% below the US average of $1,163. Within North Carolina, Washington Park's income is 35% above the state average of $64,468, and home values are 31% above the state median of $228,922.
Why Live in Washington Park, NC?
Washington Park offers a strong local economy with a median household income of $86,875, well above the national average, and rent that’s lower than the national average at $1,000/month, and a well-educated community where 59.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 10.2%, better than the national average, and short commute times averaging just 24.5 minutes.
Washington Park has a population of 470 with a median age of 54.5 years. Compare Washington Park with other cities to see how it stacks up, or explore all cities in North Carolina.
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Demographics
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Economy & Education
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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 Washington Park
What is the population of Washington Park, NC?
The population of Washington Park, NC is 470 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Carolina.
What is the median household income in Washington Park?
The median household income in Washington Park, NC is $86,875 per year, which is 16% above the national median of $75,149.
What is the median home value in Washington Park?
The median home value in Washington Park, NC is $300,900, which is 23% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Washington Park?
The median monthly rent in Washington Park, NC is $1,000, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Washington Park?
The unemployment rate in Washington Park, NC is 9.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Washington Park, NC a good place to live?
Washington Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 470 and a median age of 54.5, the city appeals to established professionals and retirees.
How educated is Washington Park, NC?
59.3% of residents in Washington Park 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 Washington Park?
Key cost-of-living indicators for Washington Park, NC: median home value is $300,900 (23% above national), median rent is $1,000/month, and median household income is $86,875. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Washington Park?
The poverty rate in Washington Park, NC is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Washington Park, NC?
Washington Park's population is 0.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.9% two or more races. 0.2% of residents are foreign-born.