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EconPulse

Local economy signal dashboard

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PLACEThriving

Trent Woods, NC

Thriving overall. Federal Funds 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 score78out of 100
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85
80
48
78
100

Population

4,032

Data freshness

Unknown

GDP / Output

+6.6% YoY

85

$6.9B

Output changed +6.6% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

80

3.1%

Unemployment is 3.1% for Latest available.

Vintage date unknown

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

Population

-0.3% 5-year

48

4,032

Population moved -0.3% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

78

15.4%

Median rent consumes 15.4% 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

$14.9K per resident

100

$1.5B

$1.5B 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

$1.5B

$14.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$659.8M
2. Department of Defense$437.9M
3. Department of Veterans Affairs$248.2M

Top recipients

Dollars
1. WALSH FEDERAL LLC$91.1M
2. TRANSPORTATION NORTH CAROLINA DEPARTMENT$50.2M
3. PCI AVIATION LLC$42.4M

Affordable

Housing Affordability

15.4%

of median income

1BR estimate$1,136
2BR estimate$1,496
Median income$107,802
Median home value$343,100

ACS context

Quick Facts

Population

4,032

Median age

57.8

Bachelor's degree+

65.8%

Poverty rate

3.5%

Labor force participation

51.6%

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

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

-0.1%

GDP CAGR

+5.7%

Federal flow

5 years

Population (5 years)
20204,043
20214,052
20224,086
20234,086
20244,032
GDP (5 years)
2020$5.2B
2021$5.7B
2022$6.0B
2023$6.5B
2024$6.9B

2-year linear forecast

Predictive Outlook

Population forecast

20244,032
20254,063 *
20264,065 *

R² = 0.6% · * projected

GDP forecast

2024$6.9B
2025$7.3B *
2026$7.7B *

R² = 99.6% · * 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$107,802/yr
Median rent$1,385/mo
Rent share of income15.4%
Est. mortgage (30yr, 6.5%)$20,819/yr
Mortgage share of income19.3%

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

employment snapshot

Job Market

Unemployment rate3.1%
State avg3.6%
U.S. avg5.2%
Labor force participation51.6%
Poverty rate3.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$343,100
Median monthly rent$1,385
Price-to-rent ratio20.6x

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

composite score

Investment Climate

Investment climateStrong
Composite score75/100
Economic growth85/100
Labor market80/100
Population momentum48/100
Overall stability78/100

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

Location Context

Trent Woods town, North Carolina

City/Town

Part of

New Bern, NC

Nearby locations

New Bern, NCBrices Creek, NCRiver Bend, NCBridgeton, NCJames City, NC