CENSUS TRACT
Census Tract 703.16
Kentucky · Boone County · 6,229 residents · 1.909 sq mi
Notable rankings
#27highest rent in KY$1,743#70highest population in KY6,229#88highest household income in KY$109,788#93highest per-capita income in KY$56,784TRACT SHAPE · Boone County, KY
The short version
Census Tract 703.16 is significantly wealthier than the US average, with a median household income of $109,788. Population has held roughly steady since 2020. Median home value is $292,400. With a median age of 48.3, the population is older than the US median of 38.9. Poverty is rare here, at 4.3% of residents.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 48.3
US median: 38.9
More educated
42% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
6,229
+5%since 2020
from 5,960 in 2020
2020 – 2024
Population density
3,263 / sq mi
+5%since 2020
from 3,122 / sq mi in 2020
US average: 281
Median age
48.3
+6%since 2020
from 45.7 in 2020
US average: 38.9
Population, 2020 – 2024
20246K
Section 02
Income & economy
Median household income
$109,788
−6%inflation adjusted, since 2020
from $96,762 in 2020
US average: $82,259
2020 – 2024
Per capita income
$56,784
+32%since 2020
from $42,869 in 2020
US average: $44,673
Households earning $100K+
67.2%
+2.1 ptssince 2020
from 65.1% in 2020
US average: 53.3%
Poverty rate
4.3%
+4.3 ptssince 2020
from 0.0% in 2020
US average: 12.5%
Income inequality (Gini)
0.414
+33%since 2020
from 0.311 in 2020
US average: 0.476
Workforce by industry, 2024
Information16%
Finance & insurance8.2%
Professional, scientific, technical8.2%
Retail trade8%
Wholesale trade7.2%
Other services6.3%
Public administration6.3%
Transportation & warehousing4.7%
Agriculture, forestry, fishing1.6%
Arts, entertainment, food1.3%
Construction1%
Manufacturing0.6%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$292,400
+11%inflation adjusted, since 2020
from $217,300 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,743
+2%inflation adjusted, since 2020
from $1,414 in 2020
US average: $1,442
Owner-occupied
78.7%
−1.4 ptssince 2020
from 80.1% in 2020
21.3% rent
Vacancy rate
5.2%
+4.3 ptssince 2020
from 1.0% in 2020
US average: 10.0%
Owner cost-burdened
9.9%
+1.8 ptssince 2020
from 8.1% in 2020
US average: 22.9%
Renter cost-burdened
47.3%
+28.1 ptssince 2020
from 19.2% in 2020
US average: 47.4%
Afford Score
2.7
+19%since 2020
from 2.2 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 703.16 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic83.2%(4,956)
Black3.7%(221)
Hispanic / Latino1.1%(64)
Asian4.3%(257)
Other7.8%(462)
Diversity Score37.4%(2,229)
2024
White, non-Hispanic81.7%(5,087)
Black1.3%(80)
Hispanic / Latino8.6%(536)
Asian1.9%(118)
Other6.6%(408)
Diversity Score40.1%(2,498)
Diversity Score
40
+7%since 2020
from 37 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
42.0%
+11.3 ptssince 2020
from 30.7% in 2020
US average: 35.6%
High school or higher
93.5%
−6.3 ptssince 2020
from 99.7% in 2020
US average: 89.6%
Graduate degree
18.7%
+5.5 ptssince 2020
from 13.2% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
30.7 min
+22%since 2020
from 25.2 min in 2020
US average: 26.5
Drive alone to work
72.0%
+3.9 ptssince 2020
from 68.1% in 2020
US average: 68.9%
Carpooled to work
3.1%
−8.4 ptssince 2020
from 11.5% in 2020
US average: 8.5%
Public transit
0.0%
−3.0 ptssince 2020
from 3.0% in 2020
US average: 3.2%
Worked from home
19.1%
+5.9 ptssince 2020
from 13.2% in 2020
US average: 15.0%
Walked to work
0.0%
−3.3 ptssince 2020
from 3.3% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
5.6%
+3.6 ptssince 2020
from 1.9% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
2.1%
−0.9 ptssince 2020
from 3.0% in 2020
US average: 5.2%
Labor force participation
65.6%
+1.6 ptssince 2020
from 64.0% in 2020
US average: 63.5%
Self-employed
13.5%
+10.1 ptssince 2020
from 3.4% in 2020
US average: 13.1%
Management & professional
47.6%
+5.3 ptssince 2020
from 42.3% in 2020
US average: 42.5%
Section 08
People & community
Male
47.3%
−3.2 ptssince 2020
from 50.6% in 2020
Female
52.7%
+3.2 ptssince 2020
from 49.4% in 2020
Foreign born
7.9%
+0.1 ptssince 2020
from 7.8% in 2020
US average: 14.1%
Veterans
7.9%
−3.2 ptssince 2020
from 11.1% in 2020
US average: 6.2%
With a disability
15.0%
+3.0 ptssince 2020
from 12.0% in 2020
US average: 13.3%
Uninsured
2.5%
−1.4 ptssince 2020
from 3.9% in 2020
US average: 8.4%
Broadband at home
91.3%
−5.2 ptssince 2020
from 96.5% in 2020
US average: 91.0%
English only at home
88.9%
+0.6 ptssince 2020
from 88.3% in 2020
US average: 77.7%
Spanish at home
7.0%
+6.4 ptssince 2020
from 0.6% in 2020
US average: 13.6%
Drill deeper
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Places similar to Census Tract 703.16Head to head
Compare Census Tract 703.16 to nearby tracts
CENSUS TRACT 703.16 VS
Census Tract 703.09
Income$137,415+25%
Home value$352,400+21%
Population6,707+8%
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CENSUS TRACT 703.16 VS
Census Tract 703.15
Income$85,053−23%
Home value$256,700−12%
Population5,793−7%
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CENSUS TRACT 703.16 VS
Census Tract 703.13
Income$86,635−21%
Home value$246,800−16%
Population4,403−29%
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CENSUS TRACT 703.16 VS
Census Tract 703.18
Income$114,893+5%
Home value$345,400+18%
Population9,649+55%
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Frequently asked
How many people live in this census tract?
this census tract has about 6,229 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $109,788 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $292,400, and the typical rent is about $1,743 a month.
How educated are people in this census tract?
About 42.0% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 4.3% of people in this census tract live below the federal poverty line.
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Explore from here
Containing area
Boone CountyOther census tracts in Boone County
Census Tract 703.18Census Tract 706.05Census Tract 703.05Census Tract 703.09Census Tract 704.03Census Tract 705.03Census Tract 703.15Census Tract 706.06Census Tract 703.01Census Tract 703.14Census Tract 703.17Census Tract 705.06Census Tract 703.13Census Tract 706.07Census Tract 701.01Census Tract 704.04DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024