Tuesday, November 28, 2006

Demographic Profile for Franklin County, Ohio

Estimated since the year 2000, a very high number of individuals have migrated to Franklin from outside the country. The immigration into Franklin makes up 31.1 percent of immigration into the State of Ohio. This amount of international migration is very high when compared to international migration per 2005 population.

Franklin County, Ohio has a population base that is comprised of 71.4 percent White, 19.6 percent African American, 3.6 percent Asian, and 3.3 percent Hispanic. The area can be described as having a high level of diversity in terms of race and ethnicity, with 26.5 percent minorities. This is greater than the State of Ohio percent of 15.5. Since 2000, Franklin has increased in diversity when 23.5 percent of the total population were minorities.

Franklin County, Ohio had a population of 1,090,771 for the year 2005. The total population has increased, from the population in the year 2000 of 1,071,571. This growth signifies an increase of 1.8 percent. Franklin ranks 3 of 88 counties in terms of population growth in Ohio and the county ranks 178 of 3,141 counties by growth in county population in the United States.

When measuring the total land area, Franklin covers a total land area of 540 total square miles. The area has a very high average area density of 2,020 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Harris, TX (2,136 per sq. mile ), Bristol, RI (2,137 per sq. mile ), Westchester, NY (2,174 per sq. mile ), -- less densely populated -- Hennepin, MN (2,011 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 Franklin County, Ohio to be 34.1 years old. The median in Franklin is less than the median in Ohio of 37.6. Since the year 2000, the area has seen an increase in the median age, at that time the median was 32.5 years of age. With 25.3 percent of the population in 2005 being comprised of children and youth younger than 18, Franklin can be described as having a medium-high percent of people under 18. The 18 to 64 years old population group has a medium-high presence of the 2005 population base, with 64.9 percent of the population makes up this age category. The retirement (65 and over) age group comprises 9.8 percent of the population in the area. When compared to other counties throughout the United States, this represents a relatively low percent of the population.

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

Friday, November 10, 2006

Housing Report for Franklin County, Ohio

In Franklin County, the U.S. Census Bureau, Population Division accounted for a total of 512,706 housing structures in 2005. The area has seen growth in housing units, adding a sum of 31,479 residential structures since 2001, a change of 6.5 percent.

The owner-occupied dwellings in Franklin County, Ohio have seen large increases from the housing values in 2000. The residential values have increased by $32,200, or 27.7 percent, since their values in that year of $116,200.

When compared to other counties in Ohio, Franklin County is positioned 9 of 88 by percentage growth in residential real estate. The county is positioned 587 of 3,141, in terms of residential real estate percentage change change in the United States.

Franklin County had an owner-occupied dwelling median in 2005 of $148,400, reported by the American Community Survey. This home value is greater than the overall Ohio 2005 home median value of $129,600 and less than median home value of $167,500 across the United States during the same year.

There is a fair amount of housing that is affordable in Franklin County, Ohio. In 2005, 36.7 percent of owner-occupied dwellings were valued under $125k.

Franklin County can be understood as having a medium percentage of high-priced residential real estate. In 2005, the American Community Survey accounted that 2.5 percent owner-occupied dwelling are valued over a half a million dollars.

Data Source: U.S. Census Bureau

 

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