Last updated: 2024 BLS data · Page refreshed:
Balfour has a population of 1,134 with a median age of 46.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,134 |
| Median Age | 46.1 |
| White | 80.6% |
| Black or African American | 0.5% |
| Hispanic or Latino | 15.5% |
| Other / Two or More Races | 3.4% |
The median household income in Balfour is $70,116, which is 13.0% below the national median of $80,610. The per capita income is $38,093. The poverty rate is 5.6%.
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In Balfour, 89.9% of residents age 25+ have a high school diploma or higher, and 32.2% hold a bachelor's degree or higher (5.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.9% |
| Bachelor's Degree or Higher | 32.2% |
| Graduate or Professional Degree | 5.5% |
The median home value in Balfour is $292,600, below the national median of $303,400. The median monthly rent is $591. The homeownership rate is 78.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $292,600 |
| Median Monthly Rent | $591 |
| Homeownership Rate | 78.0% |
| Vacancy Rate | 20.5% |
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