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CENSUS TRACT

Census Tract 705.02

Kentucky · Boone County · 4,075 residents · 54.595 sq mi
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705.02
TRACT SHAPE · Boone County, KY
The short version

Census Tract 705.02 is wealthier than most US places, with a median household income of $99,083. Population has declined 6% since 2020. Median home value is $252,900.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 43.7
US median: 38.9
Less educated
24% hold a bachelor's degree
US average: 36%
More affordable
home values down 7%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
4,075
−6%since 2020
from 4,325 in 2020
2020 – 2024
Population density
75 / sq mi
−6%since 2020
from 79 / sq mi in 2020
US average: 281
Median age
43.7
−5%since 2020
from 46.2 in 2020
US average: 38.9
Population, 20202024
4K4K4K4K4K20202024Census Tract 705.02
20244K
20202024
Section 02

Income & economy

Median household income
$99,083
+17%inflation adjusted, since 2020
from $69,960 in 2020
US average: $82,259
2020 – 2024
Per capita income
$38,210
+19%since 2020
from $32,096 in 2020
US average: $44,673
Households earning $100K+
65.5%
+15.9 ptssince 2020
from 49.6% in 2020
US average: 53.3%
Poverty rate
6.4%
−5.5 ptssince 2020
from 11.9% in 2020
US average: 12.5%
Income inequality (Gini)
0.355
−13%since 2020
from 0.407 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade12.3%
US avg: 9.9%
Finance & insurance11.7%
US avg: 5.9%
Professional, scientific, technical11.7%
US avg: 5.1%
Information10.3%
US avg: 10.8%
Wholesale trade7%
US avg: 6.9%
Transportation & warehousing6.5%
US avg: 2.2%
Other services1.6%
US avg: 6.7%
Public administration1.5%
US avg: 4.8%
Agriculture, forestry, fishing1.1%
US avg: 1.6%
Manufacturing1.1%
US avg: 0.4%
Arts, entertainment, food0.5%
US avg: 1.9%
Construction0%
US avg: 1.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$252,900
−7%inflation adjusted, since 2020
from $223,500 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,163
−1%inflation adjusted, since 2020
from $968 in 2020
US average: $1,442
Owner-occupied
92.5%
+10.4 ptssince 2020
from 82.2% in 2020
7.5% rent
Vacancy rate
8.8%
+4.1 ptssince 2020
from 4.7% in 2020
US average: 10.0%
Owner cost-burdened
7.0%
−10.4 ptssince 2020
from 17.4% in 2020
US average: 22.9%
Renter cost-burdened
44.3%
+10.5 ptssince 2020
from 33.8% in 2020
US average: 47.4%
Afford Score
2.6
−20%since 2020
from 3.2 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 705.02 on RentDataNow
Section 04

Race & ethnicity

2020
White, non-Hispanic98.6%(4,263)
Black0%(0)
Hispanic / Latino1.1%(48)
Asian0%(0)
Other0.3%(14)
Diversity Score3.5%(153)
2024
White, non-Hispanic92.6%(3,774)
Black0.3%(14)
Hispanic / Latino4.1%(166)
Asian0%(0)
Other3%(121)
Diversity Score17.5%(712)
Diversity Score
17
+393%since 2020
from 4 in 2020
2020 – 2024
Section 05

Education

Bachelor's degree or higher
24.3%
+4.0 ptssince 2020
from 20.3% in 2020
US average: 35.6%
High school or higher
93.4%
+0.2 ptssince 2020
from 93.3% in 2020
US average: 89.6%
Graduate degree
7.9%
+1.8 ptssince 2020
from 6.0% in 2020
US average: 14.0%
Section 06

Commute & transportation

Average commute
28.8 min
+2%since 2020
from 28.2 min in 2020
US average: 26.5
Drive alone to work
77.6%
−9.7 ptssince 2020
from 87.2% in 2020
US average: 68.9%
Carpooled to work
13.5%
+8.8 ptssince 2020
from 4.7% in 2020
US average: 8.5%
Public transit
0.0%
−0.8 ptssince 2020
from 0.8% in 2020
US average: 3.2%
Worked from home
7.6%
+2.7 ptssince 2020
from 4.8% in 2020
US average: 15.0%
Walked to work
1.2%
+1.1 ptssince 2020
from 0.1% 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
1.5%
+0.1 ptssince 2020
from 1.4% in 2020
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.7%
−1.2 ptssince 2020
from 2.9% in 2020
US average: 5.2%
Labor force participation
60.5%
−0.6 ptssince 2020
from 61.0% in 2020
US average: 63.5%
Self-employed
17.7%
+8.9 ptssince 2020
from 8.8% in 2020
US average: 13.1%
Management & professional
36.9%
+3.3 ptssince 2020
from 33.6% in 2020
US average: 42.5%
Section 08

People & community

Male
49.9%
−1.3 ptssince 2020
from 51.2% in 2020
Female
50.1%
+1.3 ptssince 2020
from 48.8% in 2020
Foreign born
3.1%
+2.4 ptssince 2020
from 0.7% in 2020
US average: 14.1%
Veterans
4.2%
−5.7 ptssince 2020
from 9.9% in 2020
US average: 6.2%
With a disability
14.0%
−3.2 ptssince 2020
from 17.2% in 2020
US average: 13.3%
Uninsured
6.4%
+2.8 ptssince 2020
from 3.6% in 2020
US average: 8.4%
Broadband at home
91.4%
+7.2 ptssince 2020
from 84.2% in 2020
US average: 91.0%
English only at home
94.8%
−3.4 ptssince 2020
from 98.1% in 2020
US average: 77.7%
Spanish at home
4.0%
+3.2 ptssince 2020
from 0.8% in 2020
US average: 13.6%
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Frequently asked

How many people live in this census tract?

this census tract has about 4,075 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 $99,083 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 $252,900, and the typical rent is about $1,163 a month.

How educated are people in this census tract?

About 24.3% 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 6.4% of people in this census tract live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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