Sunday, November 26, 2006

Demographic Profile for Faulkner County, Arkansas

When calculating the total land area, Faulkner spans a total area of 647 square miles. This area has a medium-low average area density of 150 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Dukes, MA (150 per sq. mile ), Williamson, IL (150 per sq. mile ), Dubuque, IA (151 per sq. mile ), -- less densely populated -- Troup, GA (150 per sq. mile ), Stanly, NC (149 per sq. mile ), Greenwood, SC (149 per sq. mile ).

Estimated since the year 2000, a medium-high amount of people migrated to Faulkner internationally. The migration from outside the US into Faulkner totals 2.3 percent of immigration into the State of Arkansas. This amount of international migration is medium-high when compared to international migration per 2005 population.

Faulkner County, Arkansas has a population base that is comprised of 86 percent White, 9.2 percent African American, 0.8 percent Asian, and 2.5 percent Hispanic. The area can be described as having a modest level of diversity, with 12.5 percent of the population made up of minorities. This is less than the State of Arkansas percent of 21.2. Since 2000, Faulkner has increased in diversity when 11.0 percent of the total population were minorities.

Faulkner County, Arkansas had a total estimated population of 97,147 in the year 2005. The population has increased sharply, from the population in the year 2000 of 86,401. This growth shows an increase of 12.4 percent. Faulkner ranks 3 of 75 counties by growth in total population in Arkansas and the county ranks 303 of 3,141 counties when analyzing total county population change across the nation.

In the year 2005, the population division of U.S. Census Bureau estimates the median age in Faulkner County, Arkansas to be 31.7 years of age. The median in Faulkner is less than the median age in Arkansas of 37.0. Since 2000, the area has experienced an increase in the median age, when it was 31.0 years old. A total of 23.8 percent of the 2005 population being made up of children and youth younger than 18, Faulkner can be understood as having a medium-high proportion of youths. The working age population group (18-64) has a relatively high representation within the population, making up 66.5 percent of the population falling in this age category. The retirement (65 and over) group makes up 9.7 percent of the population in the area. When compared to other counties throughout the United States, this represents a relatively low proportion of the area population base.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Thursday, November 09, 2006

Housing Report for Faulkner County, Arkansas

In Faulkner County, the real estate market was made up of 39,174 housing structures in 2005. The area has seen growth in housing units, adding all together 3,728 residential structures since 2001, a change of 10.5 percent.

The residential home values in Faulkner County, Arkansas have moderate increases since their reported values in 2000. The values have increased by $16,500, or 17.8 percent, from when in 2000 they were valued at $92,900.

According to the data, there is a large amount affordable residential real estate in Faulkner County, Arkansas. In 2005, 61.8 percent of owner-occupied dwellings were valued under $125k.

The State of Arkansas, Faulkner County is positioned 5 of 75 by percentage growth in residential real estate. The county is positioned 268 of 3,141, in terms of residential real estate percentage change change in the United States.

Faulkner County may be be described as having a medium proportion of high-valued homes. In 2005, the American Community Survey reports that 2.4 percent of the houses are valued over a half a million dollars.

Faulkner County had a median home value in the year 2005 of $109,400, accounted by the American Community Survey. This median is greater than the overall Arkansas 2005 median home value of $87,400 and less than median home value of $167,500 for the rest of the nation in that year.

Data Source: U.S. Census Bureau

 

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