Tuesday, November 28, 2006

Demographic Profile for Olmsted County, Minnesota

When calculating the total land area, Olmsted encompasses a total area of 653 square miles. The county has a medium-high average population density of 207 persons per square mile, in 2005. Other US counties with similar densities include: -- more densely populated -- Wayne, NC (207 per sq. mile ), Buchanan, MO (207 per sq. mile ), Columbiana, OH (208 per sq. mile ), -- less densely populated -- Blount, TN (207 per sq. mile ), Litchfield, CT (207 per sq. mile ), Hancock, IN (206 per sq. mile ).

The U.S. Census Bureau, in the year 2005, estimated a median age in Olmsted County, Minnesota to be 36.2 years old. The median in Olmsted is less than the median age in the State of Minnesota of 36.7. Since the year 2000, the area has seen an increase in this median, when at that time it was 35.1 years of age. With 25 percent of the 2005 population being comprised of individuals under the age of 18, Olmsted can be understood as being made up of a medium-high proportion of youths. The working age population group (18-64) has a medium-high representation within the population, making up 63.5 percent of the population makes up this age category. The retirement (65 and over) age group comprises 11.5 percent of the population in the area. When compared to other counties throughout the United States, this represents a medium-low proportion of the area population base.

Olmsted County, Minnesota has a population that is made of 87.3 percent White, 3.5 percent African American, 5.1 percent Asian, and 2.8 percent Hispanic. This area can be considered to have a modest level of racial and ethnic diversity, with 11.4 percent minorities. This is greater than the State of Minnesota percent of 11.2. Since 2000, Olmsted has increased in diversity when 9.7 percent of the people were minorities.

Since the year 2000, a very high amount of people migrated to Olmsted internationally. The international migration into Olmsted accounts for 4.8 percent of the total international migration into the State of Minnesota. This percent of international migration is very high when analyzed against the base population in the year 2005 and compared to other counties across the US.

Olmsted County, Minnesota had a total estimated population of 135,189 for the year 2005. The total population has increased sharply, since the 2000 total population of 124,842. This growth shows an increase of 8.3 percent. Olmsted ranks 8 of 87 counties when calculating total change in population for Minnesota and the county ranks 315 of 3,141 counties in terms of population growth in the United States.

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

Saturday, November 11, 2006

Housing Report for Olmsted County, Minnesota

In Olmsted County, the census reported 57,307 housing units in the year 2005. This represents a growth in housing units, adding a sum of 5,954 homes since 2001, or 11.6 percent.

The residential real estate values in Olmsted County, Minnesota have seen large increases since the Census values accounted for in the year 2000. The values have increased by $47,100, or 40.3 percent, from their 2000 value of $117,000.

Olmsted County recorded median owner-occupied home value in the year 2005 of $164,100, published by the American Community Survey. This value is less than the Minnesota 2005 home value of $198,800 and less than home value of $167,500 for the United States in the same year.

There seems to be a fair amount affordable residential real estate in Olmsted County, Minnesota. In 2005, 23.1 percent of residential real estate was valued under $125,000.

Throughout the State of Minnesota, Olmsted County is positioned 10 of 87 by percent in growth of new residential structures. The county places 221 of 3,141, in terms of residential real estate percentage change change in the United States.

Olmsted County has a medium proportion of residential real estate that is high priced. In 2005, the American Community Survey reports that 3.3 percent of the homes were valued over $500,000.

Data Source: U.S. Census Bureau

 

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