The population of North Carrollton is 473 as of the 2010 census. The city is part of the Greenwood, Mississippi micropolitan area. The city has about 170 households and 76 families. The median household income in North Carrollton is $64,736. The city is home to the largest Korean community in Texas and the southern United States. A large Korean community is located near the intersection of Old Denton Road and the President George Bush Turnpike. The area has many Asian restaurants.
The city of Carrollton is home to an estimated 163 elementary school-age residents. In the middle school and high school-aged population, the city has about 114 students. The school district's bus routes also include motels and hotels. This makes it easier for people to access public transportation. However, there is no official point-in-time count for the number of homeless in Carrollton.
Despite its diverse population, the city has housing needs that are disproportionate to the area's median income. Almost thirty percent of Carrollton households are severely cost-burdened, which means that they cannot afford basic housing necessities. Most renters earn less than 30 percent of the area's median income, which is the poverty level. The highest-income households in North Carrollton earn between fifty to 80 percent of the AMI.
The City of Carrollton also held public meetings to gather the needs of the residents. Several stakeholders attended the meetings. They identified a number of housing and community development needs. Other priorities were improving street infrastructure, developing a first-time homebuyer program, and implementing accessibility modifications for the elderly. Aside from these issues, the City of Carrollton also prioritized home rehabilitation, code enforcement, and improving the neighborhood's overall quality of life.