Tuesday, November 28, 2006

Demographic Profile for Wright County, Minnesota

The population division of the Census Bureau estimates in 2005 a median age in Wright County, Minnesota to be 32.9 years old. The median in Wright is less than the median in Minnesota of 36.7. Since the year 2000, the area has witnessed a decline in the median age, at that time the median was 33.2 years of age. With 27.4 percent of the 2005 population being made up of children and youth younger than 18, Wright can be described as having a relatively high percent of individuals under 18. The working age population group (18-64) has a medium-high presence of the 2005 population base, with 64.1 percent of the population makes up this age category. The retirement (65 and over) age group comprises 8.4 percent of the total population in the area. Compared to other counties in the US, this represents a relatively low percent of the population.

Estimated since the year 2000, a low amount of people have migrated to Wright from another country. The international migration into Wright totals 0.3 percent of the total migration into the State of Minnesota. This percent of immigration can be considered low when analyzed against the base population in the year 2005 and compared to other counties across the US.

Wright County, Minnesota has a population that is comprised of 95.2 percent White, 0.6 percent African American, 1 percent Asian, and 1.8 percent Hispanic. The population mix can be considered to have a very modest level of racial and ethnic diversity, with 3.4 percent minorities. This is less than the State of Minnesota percent of 11.2. Since 2000, Wright has increased in diversity when 1.8 percent of the population was made up of minorities.

When calculating the total land area, Wright encompasses a total area of 661 square miles. The county has a medium-low population density of 168 persons per square mile. Similar counties in the US, in terms of density, include: -- more densely populated -- Livingston, LA (169 per sq. mile ), Pasquotank, NC (169 per sq. mile ), Nash, NC (169 per sq. mile ), -- less densely populated -- Caldwell, NC (168 per sq. mile ), Frederick, VA (167 per sq. mile ), Warren, VA (166 per sq. mile ).

Wright County, Minnesota had a population of 110,730 for the year 2005. The total population has increased very sharply, since the population in 2000 of 90,786. This growth signifies an increase of 22 percent. Wright ranks 4 of 87 counties when analyzing total population change in Minnesota and the county ranks 168 of 3,141 counties by growth in county population in the United States.

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

Saturday, November 11, 2006

Housing Report for Wright County, Minnesota

Wright County had an owner-occupied dwelling median in 2005 of $220,500, according to the American Community Survey. This home value is greater than the Minnesota 2005 home value of $198,800 and greater than median owner-occupied dwelling value of $167,500 across the United States during the same year.

The owner-occupied dwellings in Wright County, Minnesota have seen large increases since the Census values accounted for in the year 2000. The values have increased by $85,200, or 63 percent, from their 2000 value of $135,300.

It can be understood that there is a limited amount affordable residential real estate in Wright County, Minnesota. In 2005, 10.9 percent of owner-occupied dwellings were valued under $125k.

In Wright County, the census reported 44,673 homes in 2005. The county has experienced a growth in housing units, adding all together 8,238 residential units since 2001, or 22.6 percent.

Wright County may be be described as having a relatively high percentage of high-priced residential real estate. In 2005, the American Community Survey reported that 6.1 percent residential property is valued over $500k.

Throughout the State of Minnesota, Wright County places 2 of 87 in terms of percentage growth in new housing structures. The county ranks 27 of 3,141, comparing the percentage change in residential in other US counties.

Data Source: U.S. Census Bureau

 

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