Appraisal Regional Analysis
of
CENSUS ANALYSIS OF FRANKFORT KENTUCKY
POPULATION
In 2005, the population in Frankfort was 27,174. The
census revealed a population of 27,741 in 2000, and a
population of 26,794 in 1990. The total change in
population between 1990 and 2000 was 3.54% indicating
an annual average growth rate of 0.35%. By 2010, the
population is projected to be 26,629, representing a
change of -2.01% from 2005. The projected annual
average population growth rate between 2005 and 2010 is
-0.40%. The annual average growth rate based on future
projections appears to be decreasing as compared to
historical growth rate figures.
Males comprise 47.88% of the current population, while
females comprise the remaining 52.12%. Of the total
population, 21.07% are under the age of 18 years.
Another 67.10% are between the ages of 18 and 64, an
indication of the potential workforce in the area. The
remaining 14.80% of the people are aged 65 or older. In
2005, the median age of the population in the identified
market was 38.1 years, as compared to the 36.3 year
median age reported for the US base geography. The
population density was 1,810.3 people per square mile.
HOUSEHOLDS IN FRANKFORT KENTUCKY
In 2005, there were 12,013 households in Frankfort. The
Census revealed household counts of 11,357 in 1990 and
12,314 in 2000. The total change in households was
8.42% over that 10 year period. The indicated average
annual growth rate in households was 0.84%. By 2010,
the number of households is projected to be 11,782
indicating a change of -1.92% from 2005. Between 2005
and 2010, the indicated average annual household growth
rate is expected to be -0.38%. The annual average
growth rate based on future projections appears to be
decreasing as compared to historical growth rate figures.
In 2005, the average household size was 2.15 persons. In
1990, the average household size was 2.28, as compared
to 2.15 in 2000 indicating that average household size is
decreasing during that period.
In 2005, the median number of years in residence was 3.5
as compared to 3.3 years in the US Index Base. The
average number of vehicles per household was 1.6. The
number of households without a vehicle was 1,103.
INCOME
In 2005, the median household income in Frankfort was
$38,910. The US index base had a reported median
household income of $46,350. In 2000, the median
household income was $26,006 as compared to $35,776
in 1990. The total change in median household income
between 1990 and 2000 was 37.57%. The indicated
average annual growth rate was 3.76%. By 2010, the
median household income is projected to be $43,192,
indicating a projected total growth rate of 11.00% from
2005. The projected annual average growth equates to
2.20%. The annual average growth rate based on future
projections appears to be decreasing as compared to
historical growth rate figures.
In 2005, the per capita income was $23,582, as compared
to the US base which reported a per capita income of
$23,594. In 2005, the average household income was
$52,240, as compared to the US base which reported an
average household income of $61,553. In 2005, 33.07%
of all households reported an average household income
of less than $24,999. In addition, 45.76% of households
reported an average income of between $25,000 and
$74,999, and 16.15% averaged between $75,000 and
$124,999. The remaining 2.79% of all households
reported an average household income exceeding
$125,000.
HOUSING
In 2000, the median housing value in Frankfort was
$89,702 representing a change of 43.39% from the
reported median housing value of $62,558 in 1990. This
comparison indicates annual average growth rates in
housing values of 4.34%. During that same period the US
median housing value ranged from $78,382 in 1990 to
$115,194 in 2000.
In 2005, the total reported occupancy level in all housing
units was 12,013, or 89.06%. Of that total, there were
6,299 reported owner occupied housing units and 5,714
renter occupied units. Owner occupied units represent
46.70% of all occupied housing units as compared to the
42.36% occupied by renters. Between 1990 and 2000, the
reported occupancy level in all housing units ranged from
11,357 (93%) to 12,314 (92%). The annual average
occupancy level in all housing units appears to be
decreasing.
In 1990, the Census revealed the average rent in the
neighborhood was $284, as compared to $397 in 2000.
These figures indicate rental rates have increased during
that period.
EMPLOYMENT
In 2005, there were 14,118 people over the age of 16 in
Frankfort. Of that total, 95.30% were employed, 4.30%
were unemployed, 35.87% were not in the labor force and
0.25% were in the armed forces. In 2000, unemployment
was reported to be 5.20%, as compared to 3.40% in 1990.
In 2005, there were 30,678 employees (daytime
population) and 1,519 business establishments. In 2000,
white collar workers comprised 64.83% of the employed
workforce, while those employed in blue collar occupations
comprised the remaining 32.55%. In 2000, manufacturing
jobs accounted for 7.15% of the employed workforce and,
service industry jobs accounted for 30.11% of the
workforce.
In 2000, the average time traveled to work was 14 minutes,
as compared to 9 minutes in 1990. During that period
average travel time to work changed by 58.3%. In
comparison, the average travel time reported in the US
base area was 21 minutes in 2000.
EDUCATIONAL ATTAINMENT
In 2005, 84.19% of the population over the age of 25 had
earned a high school diploma in Frankfort, while 15.81%
did not earn a high school diploma. In comparison, 85.31%
of the population over the age of 25 in the US index base
earned a high school diploma. In 1990, the population
attaining a high school diploma was 77.56%, as compared
to 79.36% in 2000. These figures indicate high school
graduation rates within Frankfort have been increasing
since 2000.
In 2005, a total of 21.71% of the population over 25 in
Frankfort attended some college courses, while 4.56%
earned an Associates Degree. Another 17.30% earned a
Bachelor's degree, and 10.22% earned a Graduate
degree. In comparison, the index base of US reported
19.78% of the population attended some college courses,
while 7.37% earned an Associates degree. Within the US
base, another 17.64% earned a Bachelor's degree, and
10.09% earned a Graduate degree.
of
CENSUS ANALYSIS OF FRANKFORT KENTUCKY
POPULATION
In 2005, the population in Frankfort was 27,174. The
census revealed a population of 27,741 in 2000, and a
population of 26,794 in 1990. The total change in
population between 1990 and 2000 was 3.54% indicating
an annual average growth rate of 0.35%. By 2010, the
population is projected to be 26,629, representing a
change of -2.01% from 2005. The projected annual
average population growth rate between 2005 and 2010 is
-0.40%. The annual average growth rate based on future
projections appears to be decreasing as compared to
historical growth rate figures.
Males comprise 47.88% of the current population, while
females comprise the remaining 52.12%. Of the total
population, 21.07% are under the age of 18 years.
Another 67.10% are between the ages of 18 and 64, an
indication of the potential workforce in the area. The
remaining 14.80% of the people are aged 65 or older. In
2005, the median age of the population in the identified
market was 38.1 years, as compared to the 36.3 year
median age reported for the US base geography. The
population density was 1,810.3 people per square mile.
HOUSEHOLDS IN FRANKFORT KENTUCKY
In 2005, there were 12,013 households in Frankfort. The
Census revealed household counts of 11,357 in 1990 and
12,314 in 2000. The total change in households was
8.42% over that 10 year period. The indicated average
annual growth rate in households was 0.84%. By 2010,
the number of households is projected to be 11,782
indicating a change of -1.92% from 2005. Between 2005
and 2010, the indicated average annual household growth
rate is expected to be -0.38%. The annual average
growth rate based on future projections appears to be
decreasing as compared to historical growth rate figures.
In 2005, the average household size was 2.15 persons. In
1990, the average household size was 2.28, as compared
to 2.15 in 2000 indicating that average household size is
decreasing during that period.
In 2005, the median number of years in residence was 3.5
as compared to 3.3 years in the US Index Base. The
average number of vehicles per household was 1.6. The
number of households without a vehicle was 1,103.
INCOME
In 2005, the median household income in Frankfort was
$38,910. The US index base had a reported median
household income of $46,350. In 2000, the median
household income was $26,006 as compared to $35,776
in 1990. The total change in median household income
between 1990 and 2000 was 37.57%. The indicated
average annual growth rate was 3.76%. By 2010, the
median household income is projected to be $43,192,
indicating a projected total growth rate of 11.00% from
2005. The projected annual average growth equates to
2.20%. The annual average growth rate based on future
projections appears to be decreasing as compared to
historical growth rate figures.
In 2005, the per capita income was $23,582, as compared
to the US base which reported a per capita income of
$23,594. In 2005, the average household income was
$52,240, as compared to the US base which reported an
average household income of $61,553. In 2005, 33.07%
of all households reported an average household income
of less than $24,999. In addition, 45.76% of households
reported an average income of between $25,000 and
$74,999, and 16.15% averaged between $75,000 and
$124,999. The remaining 2.79% of all households
reported an average household income exceeding
$125,000.
HOUSING
In 2000, the median housing value in Frankfort was
$89,702 representing a change of 43.39% from the
reported median housing value of $62,558 in 1990. This
comparison indicates annual average growth rates in
housing values of 4.34%. During that same period the US
median housing value ranged from $78,382 in 1990 to
$115,194 in 2000.
In 2005, the total reported occupancy level in all housing
units was 12,013, or 89.06%. Of that total, there were
6,299 reported owner occupied housing units and 5,714
renter occupied units. Owner occupied units represent
46.70% of all occupied housing units as compared to the
42.36% occupied by renters. Between 1990 and 2000, the
reported occupancy level in all housing units ranged from
11,357 (93%) to 12,314 (92%). The annual average
occupancy level in all housing units appears to be
decreasing.
In 1990, the Census revealed the average rent in the
neighborhood was $284, as compared to $397 in 2000.
These figures indicate rental rates have increased during
that period.
EMPLOYMENT
In 2005, there were 14,118 people over the age of 16 in
Frankfort. Of that total, 95.30% were employed, 4.30%
were unemployed, 35.87% were not in the labor force and
0.25% were in the armed forces. In 2000, unemployment
was reported to be 5.20%, as compared to 3.40% in 1990.
In 2005, there were 30,678 employees (daytime
population) and 1,519 business establishments. In 2000,
white collar workers comprised 64.83% of the employed
workforce, while those employed in blue collar occupations
comprised the remaining 32.55%. In 2000, manufacturing
jobs accounted for 7.15% of the employed workforce and,
service industry jobs accounted for 30.11% of the
workforce.
In 2000, the average time traveled to work was 14 minutes,
as compared to 9 minutes in 1990. During that period
average travel time to work changed by 58.3%. In
comparison, the average travel time reported in the US
base area was 21 minutes in 2000.
EDUCATIONAL ATTAINMENT
In 2005, 84.19% of the population over the age of 25 had
earned a high school diploma in Frankfort, while 15.81%
did not earn a high school diploma. In comparison, 85.31%
of the population over the age of 25 in the US index base
earned a high school diploma. In 1990, the population
attaining a high school diploma was 77.56%, as compared
to 79.36% in 2000. These figures indicate high school
graduation rates within Frankfort have been increasing
since 2000.
In 2005, a total of 21.71% of the population over 25 in
Frankfort attended some college courses, while 4.56%
earned an Associates Degree. Another 17.30% earned a
Bachelor's degree, and 10.22% earned a Graduate
degree. In comparison, the index base of US reported
19.78% of the population attended some college courses,
while 7.37% earned an Associates degree. Within the US
base, another 17.64% earned a Bachelor's degree, and
10.09% earned a Graduate degree.
Appraisal Regional Analysis
FRANKLIN COUNTY KENTUCKY
POPULATION
In 2005, the population in Franklin County was 48,010.
The census revealed a population of 47,687 in 2000,
and a population of 43,781 in 1990. The total change in
population between 1990 and 2000 was 8.92%
indicating an annual average growth rate of 0.89%. By
2010, the population is projected to be 48,174,
representing a change of 0.34% from 2005. The
projected annual average population growth rate
between 2005 and 2010 is 0.07%. The annual average
growth rate based on future projections appears to be
decreasing as compared to historical growth rate figures.
Males comprise 48.52% of the current population, while
females comprise the remaining 51.48%. Of the total
population, 22.27% are under the age of 18 years.
Another 67.55% are between the ages of 18 and 64, an
indication of the potential workforce in the area. The
remaining 12.77% of the people are aged 65 or older. In
2005, the median age of the population in the identified
market was 38.6 years, as compared to the 36.3 year
median age reported for the US base geography. The
population density was 226.4 people per square mile.
HOUSEHOLDS IN FRANKLIN COUNTY KENTUCKY
In 2005, there were 19,926 households in Franklin
County. The Census revealed household counts of
17,385 in 1990 and 19,907 in 2000. The total change
in households was 14.51% over that 10 year period.
The indicated average annual growth rate in
households was 1.45%. By 2010, the number of
households is projected to be 19,980 indicating a
change of 0.27% from 2005. Between 2005 and 2010,
the indicated average annual household growth rate is
expected to be 0.05%. The annual average growth
rate based on future projections appears to be
decreasing as compared to historical growth rate figures.
In 2005, the average household size was 2.32 persons.
In 1990, the average household size was 2.44, as
compared to 2.30 in 2000 indicating that average
household size is decreasing during that period.
In 2005, the median number of years in residence was
3.8 as compared to 3.3 years in the US Index Base. The
average number of vehicles per household was 1.8. The
number of households without a vehicle was 1,238.
INCOME
In 2005, the median household income in Franklin
County was $43,584. The US index base had a reported
median household income of $46,350. In 2000, the
median household income was $27,443 as compared to
$40,018 in 1990. The total change in median
household income between 1990 and 2000 was
45.82%. The indicated average annual growth rate was
4.58%. By 2010, the median household income is
projected to be $48,494, indicating a projected total
growth rate of 11.27% from 2005. The projected
annual average growth equates to 2.25%. The annual
average growth rate based on future projections
appears to be decreasing as compared to historical
growth rate figures.
In 2005, the per capita income was $24,051, as
compared to the US base which reported a per capita
income of $23,594. In 2005, the average household
income was $56,706, as compared to the US base which
reported an average household income of $61,553. In
2005, 27.98% of all households reported an average
household income of less than $24,999. In addition,
47.38% of households reported an average income of
between $25,000 and $74,999, and 18.60% averaged
between $75,000 and $124,999. The remaining 3.38%
of all households reported an average household
income exceeding $125,000.
HOUSING
In 2000, the median housing value in Franklin County
was $91,440 representing a change of 51.89% from the
reported median housing value of $60,201 in 1990.
This comparison indicates annual average growth rates
in housing values of 5.19%. During that same period
the US median housing value ranged from $78,382 in
1990 to $115,194 in 2000.
In 2005, the total reported occupancy level in all
housing units was 19,926, or 90.22%. Of that total,
there were 12,723 reported owner occupied housing
units and 7,203 renter occupied units. Owner occupied
units represent 57.61% of all occupied housing units as
compared to the 32.61% occupied by renters. Between
1990 and 2000, the reported occupancy level in all
housing units ranged from 17,385 (94%) to 19,907
(93%). The annual average occupancy level in all
housing units appears to be decreasing.
In 1990, the Census revealed the average rent in the
neighborhood was $286, as compared to $406 in 2000.
These figures indicate rental rates have increased
during that period.
EMPLOYMENT
In 2005, there were 25,517 people over the age of 16 in
Franklin County. Of that total, 96.44% were employed,
3.23% were unemployed, 33.74% were not in the labor
force and 0.22% were in the armed forces. In 2000,
unemployment was reported to be 4.08%, as compared
to 3.01% in 1990.
In 2005, there were 43,171 employees (daytime
population) and 2,278 business establishments. In
2000, white collar workers comprised 63.22% of the
employed workforce, while those employed in blue collar
occupations comprised the remaining 37.00%. In 2000,
manufacturing jobs accounted for 8.19% of the
employed workforce and, service industry jobs
accounted for 29.95% of the workforce.
In 2000, the average time traveled to work was 16
minutes, as compared to 11 minutes in 1990. During
that period average travel time to work changed by
50.9%. In comparison, the average travel time reported
in the US base area was 21 minutes in 2000.
EDUCATIONAL ATTAINMENT
In 2005, 83.77% of the population over the age of 25
had earned a high school diploma in Franklin County,
while 16.23% did not earn a high school diploma. In
comparison, 85.31% of the population over the age of
25 in the US index base earned a high school diploma.
In 1990, the population attaining a high school diploma
was 75.90%, as compared to 78.79% in 2000. These
figures indicate high school graduation rates within
Franklin County have been increasing since 2000.
In 2005, a total of 20.87% of the population over 25 in
Franklin County attended some college courses, while
4.46% earned an Associates Degree. Another 16.13%
earned a Bachelor's degree, and 9.51% earned a
Graduate degree. In comparison, the index base of US
reported 19.78% of the population attended some
college courses, while 7.37% earned an Associates
degree. Within the US base, another 17.64% earned a
Bachelor's degree, and 10.09% earned a Graduate
degree.
FRANKLIN COUNTY KENTUCKY
POPULATION
In 2005, the population in Franklin County was 48,010.
The census revealed a population of 47,687 in 2000,
and a population of 43,781 in 1990. The total change in
population between 1990 and 2000 was 8.92%
indicating an annual average growth rate of 0.89%. By
2010, the population is projected to be 48,174,
representing a change of 0.34% from 2005. The
projected annual average population growth rate
between 2005 and 2010 is 0.07%. The annual average
growth rate based on future projections appears to be
decreasing as compared to historical growth rate figures.
Males comprise 48.52% of the current population, while
females comprise the remaining 51.48%. Of the total
population, 22.27% are under the age of 18 years.
Another 67.55% are between the ages of 18 and 64, an
indication of the potential workforce in the area. The
remaining 12.77% of the people are aged 65 or older. In
2005, the median age of the population in the identified
market was 38.6 years, as compared to the 36.3 year
median age reported for the US base geography. The
population density was 226.4 people per square mile.
HOUSEHOLDS IN FRANKLIN COUNTY KENTUCKY
In 2005, there were 19,926 households in Franklin
County. The Census revealed household counts of
17,385 in 1990 and 19,907 in 2000. The total change
in households was 14.51% over that 10 year period.
The indicated average annual growth rate in
households was 1.45%. By 2010, the number of
households is projected to be 19,980 indicating a
change of 0.27% from 2005. Between 2005 and 2010,
the indicated average annual household growth rate is
expected to be 0.05%. The annual average growth
rate based on future projections appears to be
decreasing as compared to historical growth rate figures.
In 2005, the average household size was 2.32 persons.
In 1990, the average household size was 2.44, as
compared to 2.30 in 2000 indicating that average
household size is decreasing during that period.
In 2005, the median number of years in residence was
3.8 as compared to 3.3 years in the US Index Base. The
average number of vehicles per household was 1.8. The
number of households without a vehicle was 1,238.
INCOME
In 2005, the median household income in Franklin
County was $43,584. The US index base had a reported
median household income of $46,350. In 2000, the
median household income was $27,443 as compared to
$40,018 in 1990. The total change in median
household income between 1990 and 2000 was
45.82%. The indicated average annual growth rate was
4.58%. By 2010, the median household income is
projected to be $48,494, indicating a projected total
growth rate of 11.27% from 2005. The projected
annual average growth equates to 2.25%. The annual
average growth rate based on future projections
appears to be decreasing as compared to historical
growth rate figures.
In 2005, the per capita income was $24,051, as
compared to the US base which reported a per capita
income of $23,594. In 2005, the average household
income was $56,706, as compared to the US base which
reported an average household income of $61,553. In
2005, 27.98% of all households reported an average
household income of less than $24,999. In addition,
47.38% of households reported an average income of
between $25,000 and $74,999, and 18.60% averaged
between $75,000 and $124,999. The remaining 3.38%
of all households reported an average household
income exceeding $125,000.
HOUSING
In 2000, the median housing value in Franklin County
was $91,440 representing a change of 51.89% from the
reported median housing value of $60,201 in 1990.
This comparison indicates annual average growth rates
in housing values of 5.19%. During that same period
the US median housing value ranged from $78,382 in
1990 to $115,194 in 2000.
In 2005, the total reported occupancy level in all
housing units was 19,926, or 90.22%. Of that total,
there were 12,723 reported owner occupied housing
units and 7,203 renter occupied units. Owner occupied
units represent 57.61% of all occupied housing units as
compared to the 32.61% occupied by renters. Between
1990 and 2000, the reported occupancy level in all
housing units ranged from 17,385 (94%) to 19,907
(93%). The annual average occupancy level in all
housing units appears to be decreasing.
In 1990, the Census revealed the average rent in the
neighborhood was $286, as compared to $406 in 2000.
These figures indicate rental rates have increased
during that period.
EMPLOYMENT
In 2005, there were 25,517 people over the age of 16 in
Franklin County. Of that total, 96.44% were employed,
3.23% were unemployed, 33.74% were not in the labor
force and 0.22% were in the armed forces. In 2000,
unemployment was reported to be 4.08%, as compared
to 3.01% in 1990.
In 2005, there were 43,171 employees (daytime
population) and 2,278 business establishments. In
2000, white collar workers comprised 63.22% of the
employed workforce, while those employed in blue collar
occupations comprised the remaining 37.00%. In 2000,
manufacturing jobs accounted for 8.19% of the
employed workforce and, service industry jobs
accounted for 29.95% of the workforce.
In 2000, the average time traveled to work was 16
minutes, as compared to 11 minutes in 1990. During
that period average travel time to work changed by
50.9%. In comparison, the average travel time reported
in the US base area was 21 minutes in 2000.
EDUCATIONAL ATTAINMENT
In 2005, 83.77% of the population over the age of 25
had earned a high school diploma in Franklin County,
while 16.23% did not earn a high school diploma. In
comparison, 85.31% of the population over the age of
25 in the US index base earned a high school diploma.
In 1990, the population attaining a high school diploma
was 75.90%, as compared to 78.79% in 2000. These
figures indicate high school graduation rates within
Franklin County have been increasing since 2000.
In 2005, a total of 20.87% of the population over 25 in
Franklin County attended some college courses, while
4.46% earned an Associates Degree. Another 16.13%
earned a Bachelor's degree, and 9.51% earned a
Graduate degree. In comparison, the index base of US
reported 19.78% of the population attended some
college courses, while 7.37% earned an Associates
degree. Within the US base, another 17.64% earned a
Bachelor's degree, and 10.09% earned a Graduate
degree.
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