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EconPulse

Local economy signal dashboard

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PLACEThriving

East Flat Rock, NC

Thriving overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score71out of 100
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85
51
71
71
100

Population

6,323

Data freshness

Unknown

GDP / Output

+6.5% YoY

85

$6.4B

Output changed +6.5% in 2024.

Vintage date unknown

State growth6.2%
U.S. growth5.3%

Jobs

Unemployment rate

51

5.0%

Unemployment is 5.0% for Latest available.

Vintage date unknown

State avg3.6%
U.S. avg5.2%

Population

+3.5% 5-year

71

6,323

Population moved +3.5% over the latest ACS window.

Vintage date unknown

State population10,730,404
U.S. population334,922,499

Housing

Rent share of income

71

20.4%

Median rent consumes 20.4% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$11.9K per resident

100

$1.4B

$1.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.4B

$11.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$902.4M
2. Department of Veterans Affairs$250.8M
3. Department of Homeland Security$106.7M

Top recipients

Dollars
1. SDV OFFICE SYSTEMS LLC$184.5M
2. COTTON COMMERCIAL USA, INC.$82.2M
3. TRANSPORTATION NORTH CAROLINA DEPARTMENT$66.6M

Affordable

Housing Affordability

20.4%

of median income

1BR estimate$832
2BR estimate$1,096
Median income$59,583
Median home value$245,900

ACS context

Quick Facts

Population

6,323

Median age

36.4

Bachelor's degree+

17.3%

Poverty rate

12.6%

Labor force participation

64.7%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.7%

GDP CAGR

+7.9%

Federal flow

5 years

Population (5 years)
20206,108
20215,751
20225,934
20236,468
20246,323
GDP (5 years)
2020$4.3B
2021$4.7B
2022$5.3B
2023$6.0B
2024$6.4B

2-year linear forecast

Predictive Outlook

Population forecast

20246,323
20256,461 *
20266,576 *

R² = 39.5% · * projected

GDP forecast

2024$6.4B
2025$6.9B *
2026$7.5B *

R² = 98.9% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$59,583/yr
Median rent$1,015/mo
Rent share of income20.4%
Est. mortgage (30yr, 6.5%)$14,921/yr
Mortgage share of income25.0%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.0%
State avg3.6%
U.S. avg5.2%
Labor force participation64.7%
Poverty rate12.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$245,900
Median monthly rent$1,015
Price-to-rent ratio20.2x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score70/100
Economic growth85/100
Labor market51/100
Population momentum71/100
Overall stability71/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

East Flat Rock CDP, North Carolina

City/Town

Part of

Asheville, NC

Nearby locations

Flat Rock, NCBarker Heights, NCHendersonville, NCDana, NCValley Hill, NC