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EconPulse

Local economy signal dashboard

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PLACEThriving

Fruitland, NC

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

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Overall score89out of 100
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85
100
99
68
100

Population

2,398

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

100

1.5%

Unemployment is 1.5% for Latest available.

Vintage date unknown

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

Population

+8.2% 5-year

99

2,398

Population moved +8.2% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

68

22.6%

Median rent consumes 22.6% 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

22.6%

of median income

1BR estimate$743
2BR estimate$978
Median income$48,025
Median home value$133,100

ACS context

Quick Facts

Population

2,398

Median age

53.7

Bachelor's degree+

21.0%

Poverty rate

15.6%

Labor force participation

51.2%

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

+1.6%

GDP CAGR

+7.9%

Federal flow

5 years

Population (5 years)
20202,216
20212,374
20222,447
20232,417
20242,398
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

20242,398
20252,493 *
20262,533 *

R² = 50.7% · * 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$48,025/yr
Median rent$906/mo
Rent share of income22.6%
Est. mortgage (30yr, 6.5%)$8,076/yr
Mortgage share of income16.8%

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

employment snapshot

Job Market

Unemployment rate1.5%
State avg3.6%
U.S. avg5.2%
Labor force participation51.2%
Poverty rate15.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$133,100
Median monthly rent$906
Price-to-rent ratio12.2x

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

composite score

Investment Climate

Investment climateStrong
Composite score93/100
Economic growth85/100
Labor market100/100
Population momentum99/100
Overall stability89/100

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

Location Context

Fruitland CDP, North Carolina

City/Town

Part of

Asheville, NC

Nearby locations

Hoopers Creek, NCBalfour, NCMountain Home, NCEdneyville, NCFletcher, NC