Tuesday, November 28, 2006

Demographic Profile for Hennepin County, Minnesota

Hennepin County, Minnesota had a total estimated population of 1,119,364 in the year 2005. The population has increased, since the population in 2000 of 1,117,645. This growth signifies an increase of 0.2 percent. Hennepin ranks 27 of 87 counties when analyzing total population change in Minnesota and the county ranks 894 of 3,141 counties by growth in county population in the United States.

Since 2000, a very high amount of people have migrated to Hennepin internationally. The migration from outside the US into Hennepin makes up 50.4 percent of all immigration into Minnesota. This percent of immigration can be considered very high when comparing levels of immigration per population in 2005.

Hennepin County, Minnesota has a population base that is comprised of 76.1 percent White, 10.1 percent African American, 5.4 percent Asian, and 5.5 percent Hispanic. This area can be considered to have a high amount of racial and ethnic diversity, with 21.0 percent of minorities in the 2005 population base. This is greater than the State of Minnesota percent of 11.2. Since 2000, Hennepin has increased the level of diversity when 18.2 percent of the people were minorities.

When measuring the total land area, Hennepin covers a total land area of 557 total square miles. The area has a very high density of 2,011 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Franklin, OH (2,020 per sq. mile ), Harris, TX (2,136 per sq. mile ), Bristol, RI (2,137 per sq. mile ), -- less densely populated -- Hamilton, OH (1,980 per sq. mile ), St. Louis, MO (1,978 per sq. mile ), Alameda, CA (1,964 per sq. mile ).

In 2005, the Census Bureau estimated the median age in Hennepin County, Minnesota to be 36.8 years of age. The median in Hennepin is greater than the median in Minnesota of 36.7. Since 2000, the area has experienced an increase in the median age, when it was 34.9 years old. With a total of 23.4 percent of the 2005 population being made up of children and youth younger than 18, Hennepin can be understood as having a medium-high percent of individuals under 18. The working age population group (18-64) has a relatively high representation within the population, making up 65.7 percent of the population within the age group. People 65 and older make up 11 percent of the population. When compared to other counties in the United States, this represents a medium-low proportion of the area population base.

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

Saturday, November 11, 2006

Housing Report for Hennepin County, Minnesota

The residential home values in Hennepin County, Minnesota have seen large increases from the housing values in 2000. The residential values have increased by $102,100, or 71.2 percent, from their 2000 value of $143,400.

When compared to other counties in Minnesota, Hennepin County ranks 48 of 87 by percentage growth in residential real estate. The county is positioned 1,103 of 3,141, comparing the percentage change in residential in other US counties.

Hennepin County recorded median owner-occupied home value in the year 2005 of $245,500, reported by the American Community Survey. This home value is greater than the State of Minnesota 2005 home median value of $198,800 and greater than median owner-occupied dwelling value of $167,500 across the United States during the same year.

Hennepin County may be be described as having a relatively high proportion of residential real estate that is high priced. In 2005, the American Community Survey reports that 11.7 percent residential property is valued over $500k.

It can be understood that there is a limited amount of affordable housing in Hennepin County, Minnesota. In 2005, 5.4 percent of housing was valued under $125k.

In Hennepin County, there were a total of 492,083 housing units in the year 2005. This represents a growth in housing units, adding a sum of 18,285 housing units since the year 2001, or 3.9 percent.

Data Source: U.S. Census Bureau

 

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