Wartrace, TN Profile: Facts & Data

Wartrace, Tennessee - Basic Facts

The Town of Wartrace had a population of 709 as of July 1, 2024.

The primary coordinate point for Wartrace is located at latitude 35.5273 and longitude -86.3336 in Bedford County. The formal boundaries for the Town of Wartrace encompass a land area of 0.69 sq. miles and a water area of 0 sq. miles. Bedford County is in the Central time zone (GMT -6).

The Town of Wartrace has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Wartrace is located within Commissioner District 1, a minor civil division (MCD) of Bedford County.

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Wartrace, TN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	709 (100%)
Population in Households	709 (100.0%)
Population in Families	618 (87.2%)
Population in Group Quarters¹	0
Population Density	809
Diversity Index²	25


INCOME
Median Household Income	$73,629
Average Household Income	$96,081
% of Income for Mortgage⁴	29%
Per Capita Income	$39,571
Wealth Index⁵	87
Socioeconomic Status Index⁶	Moderate (50.9)

HOUSING
Total HU (Housing Units)	329 (100%)
Owner Occupied HU	245 (74.5%)
Renter Occupied HU	47 (14.3%)
Vacant Housing Units	37 (11.2%)
Median Home Value	$335,000
Average Home Value	$375,306
Housing Affordability Index³	90

HOUSEHOLDS
Total Households	292
Average Household Size	2.43
Family Households	226
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

329 (100%)

Owner Occupied HU

245 (74.5%)

Renter Occupied HU

47 (14.3%)

Vacant Housing Units

37 (11.2%)

Median Home Value

$335,000

Average Home Value

$375,306

Housing Affordability Index³

HOUSEHOLDS

Total Households

292

Average Household Size

2.43

Family Households

226

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.95%	1.29%
Households	1.77%	1.40%
Families		1.63%
Median Household Income		3.95%
Per Capita Income		3.22%
Owner Occupied HU		1.81%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.95%

1.29%

Households

1.77%

1.40%

Families

1.63%

Median Household Income

3.95%

Per Capita Income

3.22%

Owner Occupied HU

1.81%

Wartrace, TN - Peer Comparisons by Rank and Percentile

The table below compares Wartrace to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 335	34th
Population Density	# 131	74th
Median Household Income	# 145	71st
Housing Affordability Index	# 142	28th
Per Capita Income	# 104	80th
Diversity Index	# 254	50th

Variable Description

Rank

Percentile

Total Population

# 335

34th

Population Density

# 131

74th

Median Household Income

# 145

71st

Housing Affordability Index

# 142

28th

Per Capita Income

# 104

80th

Diversity Index

# 254

50th

Tennessee Census Data Comparison Tool

Wartrace, TN Profile: Facts & Data

Wartrace, Tennessee - Basic Facts

Wartrace, TN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wartrace, TN - Peer Comparisons by Rank and Percentile

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