Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Gatesville, NC

Thriving overall. Population is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score80out of 100
Compare
63
75
100
78
100

Population

320

Data freshness

Unknown

GDP / Output

+3.5% YoY

63

$240.0M

Output changed +3.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

75

3.4%

Unemployment is 3.4% for June 2026.

Vintage date unknown

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

Population

+33.3% 5-year

100

320

Population moved +33.3% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

78

15.5%

Median rent consumes 15.5% 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

$8.3K per resident

100

$87.2M

$87.2M 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

$87.2M

$8.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$65.2M
2. Department of Veterans Affairs$12.3M
3. Department of Agriculture$4.2M

Top recipients

Dollars
1. TRANSPORTATION NORTH CAROLINA DEPARTMENT$4.0M
2. REDACTED DUE TO PII$3.7M
3. GATEWAY COMMUNITY HEALTH CENTERS, INC.$905.9K

Affordable

Housing Affordability

15.5%

of median income

1BR estimate$779
2BR estimate$1,026
Median income$73,611
Median home value$218,100

ACS context

Quick Facts

Population

320

Median age

48.2

Bachelor's degree+

27.9%

Poverty rate

3.1%

Labor force participation

55.6%

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

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

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

+5.9%

GDP CAGR

+2.2%

Federal flow

5 years

Population (5 years)
2020240
2021238
2022277
2023310
2024320
GDP (5 years)
2020$215.7M
2021$237.7M
2022$250.0M
2023$231.9M
2024$240.0M

2-year linear forecast

Predictive Outlook

Population forecast

2024320
2025347 *
2026370 *

R² = 92.4% · * projected

GDP forecast

2024$240.0M
2025$247.9M *
2026$252.2M *

R² = 28.7% · * 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$73,611/yr
Median rent$950/mo
Rent share of income15.5%
Est. mortgage (30yr, 6.5%)$13,234/yr
Mortgage share of income18.0%

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

employment snapshot

Job Market

Unemployment rate3.4%
State avg3.6%
U.S. avg5.2%
Labor force participation55.6%
Poverty rate3.1%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$218,100
Median monthly rent$950
Price-to-rent ratio19.1x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score78/100
Economic growth63/100
Labor market75/100
Population momentum100/100
Overall stability80/100

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

Location Context

Gatesville town, North Carolina

City/Town

Part of

Virginia Beach-Chesapeake-Norfolk, VA-NC

Nearby locations

Harrellsville, NCSunbury, NCCofield, NCWinton, NCArrowhead Beach, NC