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EconPulse

Local economy signal dashboard

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PLACEStable

Washington Park, NC

Stable 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 score45out of 100
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78
0
0
78
100

Population

456

Data freshness

Unknown

GDP / Output

+5.5% YoY

78

$2.4B

Output changed +5.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

9.2%

Unemployment is 9.2% for Latest available.

Vintage date unknown

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

Population

-24.1% 5-year

0

456

Population moved -24.1% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

78

15.8%

Median rent consumes 15.8% 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

$9.8K per resident

100

$439.8M

$439.8M 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

$439.8M

$9.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$354.9M
2. Department of Veterans Affairs$43.2M
3. Department of Agriculture$19.9M

Top recipients

Dollars
1. REDACTED DUE TO PII$18.3M
2. METROPOLITAN COMMUNITY HEALTH SERVICES INC$4.6M
3. BEAUFORT COUNTY COMMUNITY COLLEGE$4.3M

Affordable

Housing Affordability

15.8%

of median income

1BR estimate$957
2BR estimate$1,260
Median income$88,750
Median home value$315,500

ACS context

Quick Facts

Population

456

Median age

52.5

Bachelor's degree+

59.0%

Poverty rate

16.4%

Labor force participation

50.8%

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

-5.4%

GDP CAGR

+5.0%

Federal flow

5 years

Population (5 years)
2020601
2021490
2022475
2023470
2024456
GDP (5 years)
2020$1.9B
2021$2.0B
2022$2.1B
2023$2.2B
2024$2.4B

2-year linear forecast

Predictive Outlook

Population forecast

2024456
2025405 *
2026374 *

R² = 69.9% · * projected

GDP forecast

2024$2.4B
2025$2.5B *
2026$2.6B *

R² = 99.4% · * 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$88,750/yr
Median rent$1,167/mo
Rent share of income15.8%
Est. mortgage (30yr, 6.5%)$19,144/yr
Mortgage share of income21.6%

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

employment snapshot

Job Market

Unemployment rate9.2%
State avg3.6%
U.S. avg5.2%
Labor force participation50.8%
Poverty rate16.4%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$315,500
Median monthly rent$1,167
Price-to-rent ratio22.5x

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

composite score

Investment Climate

Investment climateModerate
Composite score35/100
Economic growth78/100
Labor market0/100
Population momentum0/100
Overall stability45/100

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

Location Context

Washington Park town, North Carolina

City/Town

Part of

Washington, NC

Nearby locations

Washington, NCCypress Landing, NCRiver Road, NCChocowinity, NCGrimesland, NC