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.
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