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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Lake Norman Of Iredell, NC

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

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Overall score64out of 100
Compare
53
68
34
87
NA

Population

12,494

Data freshness

Unknown

GDP / Output

+2.0% YoY

53

$13.5B

Output changed +2.0% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

68

3.5%

Unemployment is 3.5% for July 2026.

Vintage date unknown

State avg3.6%
U.S. avg4.1%

Population

-2.6% 5-year

34

12,494

Population moved -2.6% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

87

9.2%

Median rent consumes 9.2% 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

Unavailable per resident

NA

Unavailable

Federal spending data is unavailable for this geography.

Vintage date unknown

State total$129.5B
U.S. total$5.3T
USAspending federal inflow temporarily unavailable.

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

Unavailable

No federal obligations were reported for this geography.

Top agencies

Dollars

No agencies reported.

Top recipients

Dollars

No recipients reported.

Affordable

Housing Affordability

9.2%

of median income

1BR estimate$1,088
2BR estimate$1,433
Median income$173,542
Median home value$887,400

ACS context

Quick Facts

Population

12,494

Median age

48.3

Bachelor's degree+

67.2%

Poverty rate

2.5%

Labor force participation

58.9%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

July 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-09

HUD Fair Market Rent

Latest available

Data notes
  • USAspending federal inflow temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.5%

GDP CAGR

+5.8%

Federal flow

N/A

Population (5 years)
202012,832
202112,499
202212,526
202312,496
202412,494
GDP (5 years)
2020$10.2B
2021$11.4B
2022$12.3B
2023$13.3B
2024$13.5B

2-year linear forecast

Predictive Outlook

Population forecast

202412,494
202512,366 *
202612,298 *

R² = 53.1% · * projected

GDP forecast

2024$13.5B
2025$14.7B *
2026$15.6B *

R² = 96.6% · * 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$173,542/yr
Median rent$1,327/mo
Rent share of income9.2%
Est. mortgage (30yr, 6.5%)$53,846/yr
Mortgage share of income31.0%

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

employment snapshot

Job Market

Unemployment rate3.5%
State avg3.6%
U.S. avg4.1%
Labor force participation58.9%
Poverty rate2.5%

Data from BLS LAUS / CPS. July 2026.

valuation snapshot

Real Estate

Median home value$887,400
Median monthly rent$1,327
Price-to-rent ratio55.7x

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

composite score

Investment Climate

Investment climateModerate
Composite score56/100
Economic growth53/100
Labor market68/100
Population momentum34/100
Overall stability64/100

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

Location Context

Lake Norman of Iredell CDP, North Carolina

City/Town

Part of

Charlotte-Concord-Gastonia, NC-SC

Nearby locations

Westport, NCLake Norman of Catawba, NCDenver, NCCornelius, NCMooresville, NC