Appraisal Regional Analysis
In 2005, the population in Lexington-Fayette was 271,124. The census revealed a population of 260,512 in
2000, and a population of 225,364 in 1990. The total change in population between 1990 and 2000 was 15.60%
indicating an annual average growth rate of 1.56%. By 2010, the population is projected to be 281,331,
representing a change of 3.76% from 2005. The projected annual average population growth rate between 2005
and 2010 is 0.75%. The annual average growth rate based on future projections appears to be decreasing as
compared to historical growth rate figures.
Males comprise 49.54% of the current population, while females comprise the remaining 50.46%. Of the total
population, 22.20% are under the age of 18 years. Another 69.79% are between the ages of 18 and 64, an
indication of the potential workforce in the area. The remaining 10.41% of the people are aged 65 or older. In
2005, the median age of the population in the identified market was 34.9 years, as compared to the 36.3 year
median age reported for the US base geography. The population density was 949.6 people per square mile.
In 2005, there were 119,704 households in Lexington-Fayette. The Census revealed household counts of
89,527 in 1990 and 108,288 in 2000. The total change in households was 20.96% over that 10 year period.
The indicated average annual growth rate in households was 2.10%. By 2010, the number of households is
projected to be 130,589 indicating a change of 9.09% from 2005. Between 2005 and 2010, the indicated
average annual household growth rate is expected to be 1.82%. 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 2.16 persons. In 1990, the average household size was 2.38, as
compared to 2.29 in 2000 indicating that average household size is decreasing during that period.
In 2005, the median number of years in residence was 3.0 as compared to 3.3 years in the US Index Base. The
average number of vehicles per household was 1.9. The number of households without a vehicle was 7,666.
In 2005, the median household income in Lexington-Fayette was $43,553. The US index base had a reported
median household income of $46,350. In 2000, the median household income was $28,074 as compared to
$39,837 in 1990. The total change in median household income between 1990 and 2000 was 41.90%. The
indicated average annual growth rate was 4.19%. By 2010, the median household income is projected to be
$48,656, indicating a projected total growth rate of 11.72% from 2005. The projected annual average growth
equates to 2.34%. 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 $25,705, as compared to the US base which reported a per capita income of
$23,594. In 2005, the average household income was $56,351, as compared to the US base which reported an
average household income of $61,553. In 2005, 29.10% of all households reported an average household
income of less than $24,999. In addition, 45.16% of households reported an average income of between
$25,000 and $74,999, and 17.11% averaged between $75,000 and $124,999. The remaining 5.67% of all
households reported an average household income exceeding $125,000.
In 2000, the median housing value in Lexington-Fayette was $107,770 representing a change of 46.08% from
the reported median housing value of $73,774 in 1990. This comparison indicates annual average growth rates
in housing values of 4.61%. 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 119,704, or 94.86%. Of that total, there were
68,281 reported owner occupied housing units and 51,423 renter occupied units. Owner occupied units
represent 54.11% of all occupied housing units as compared to the 40.75% occupied by renters. Between 1990
and 2000, the reported occupancy level in all housing units ranged from 89,527 (92%) to 108,288 (93%). The
annual average occupancy level in all housing units appears to be increasing.
In 1990, the Census revealed the average rent in the neighborhood was $338, as compared to $489 in 2000.
These figures indicate rental rates have increased during that period.
In 2005, there were 151,828 people over the age of 16 in Lexington-Fayette. Of that total, 96.67% were
employed, 3.21% were unemployed, 30.16% were not in the labor force and 0.09% were in the armed forces. In
2000, unemployment was reported to be 3.74%, as compared to 3.20% in 1990.
In 2005, there were 160,794 employees (daytime population) and 12,448 business establishments. In 2000,
white collar workers comprised 66.51% of the employed workforce, while those employed in blue collar
occupations comprised the remaining 33.73%. In 2000, manufacturing jobs accounted for 7.89% of the
employed workforce and, service industry jobs accounted for 24.83% of the workforce.
In 2000, the average time traveled to work was 18 minutes, as compared to 11 minutes in 1990. During that
period average travel time to work changed by 65.8%. In comparison, the average travel time reported in the US
base area was 21 minutes in 2000.
In 2005, 93.00% of the population over the age of 25 had earned a high school diploma in Lexington-Fayette,
while 7.00% 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
80.24%, as compared to 85.81% in 2000. These figures indicate high school graduation rates within
Lexington-Fayette have been increasing since 2000.
In 2005, a total of 18.35% of the population over 25 in Lexington-Fayette attended some college courses, while
9.81% earned an Associates Degree. Another 25.37% earned a Bachelor's degree, and 18.90% 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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