CENSUS TRACT
Census Tract 701.02
Kentucky · Franklin County · 3,601 residents · 2.956 sq mi
Notable rankings
#132lowest short commute in KY17.2 min#276highest home value in KY$259,400#317highest foreign-born in KY5.5%#334highest education in KY32.5%TRACT SHAPE · Franklin County, KY
The short version
Census Tract 701.02 has lower-than-average household income, with a median household income of $63,994. Population has grown 25% since 2020. Median home value is $259,400.
At a glance
Lower income
below the US median
US median: $82,259
Mid-age
median age 39.5
US median: 38.9
Average education
32% 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
3,601
+25%since 2020
from 2,874 in 2020
2020 – 2024
Population density
1,218 / sq mi
+25%since 2020
from 972 / sq mi in 2020
US average: 281
Median age
39.5
−11%since 2020
from 44.6 in 2020
US average: 38.9
Population, 2020 – 2024
20244K
Section 02
Income & economy
Median household income
$63,994
−19%inflation adjusted, since 2020
from $65,373 in 2020
US average: $82,259
2020 – 2024
Per capita income
$37,571
+16%since 2020
from $32,292 in 2020
US average: $44,673
Households earning $100K+
45.0%
+2.4 ptssince 2020
from 42.6% in 2020
US average: 53.3%
Poverty rate
17.8%
+3.9 ptssince 2020
from 14.0% in 2020
US average: 12.5%
Income inequality (Gini)
0.455
+23%since 2020
from 0.370 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade15.9%
Information8.8%
Wholesale trade6.5%
Other services2.7%
Public administration2.1%
Finance & insurance1.6%
Professional, scientific, technical1.6%
Arts, entertainment, food0.9%
Transportation & warehousing0.4%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$259,400
+23%inflation adjusted, since 2020
from $174,600 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$911
+6%inflation adjusted, since 2020
from $712 in 2020
US average: $1,442
Owner-occupied
54.8%
+8.2 ptssince 2020
from 46.6% in 2020
45.2% rent
Vacancy rate
1.9%
−8.9 ptssince 2020
from 10.8% in 2020
US average: 10.0%
Owner cost-burdened
4.8%
+2.6 ptssince 2020
from 2.3% in 2020
US average: 22.9%
Renter cost-burdened
38.2%
−0.8 ptssince 2020
from 39.0% in 2020
US average: 47.4%
Afford Score
4.1
+52%since 2020
from 2.7 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 701.02 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic66.9%(1,924)
Black17.6%(506)
Hispanic / Latino9.8%(281)
Asian2.2%(63)
Other3.5%(100)
Diversity Score63.7%(1,831)
2024
White, non-Hispanic69.2%(2,493)
Black18.2%(655)
Hispanic / Latino5.5%(199)
Asian3.3%(118)
Other3.8%(136)
Diversity Score60.3%(2,170)
Diversity Score
60
−5%since 2020
from 64 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
32.5%
+1.9 ptssince 2020
from 30.6% in 2020
US average: 35.6%
High school or higher
94.9%
+4.3 ptssince 2020
from 90.7% in 2020
US average: 89.6%
Graduate degree
14.1%
+3.2 ptssince 2020
from 10.9% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
17.2 min
+3%since 2020
from 16.8 min in 2020
US average: 26.5
Drive alone to work
83.6%
+10.2 ptssince 2020
from 73.4% in 2020
US average: 68.9%
Carpooled to work
7.6%
−9.7 ptssince 2020
from 17.2% in 2020
US average: 8.5%
Public transit
0.0%
−3.4 ptssince 2020
from 3.4% in 2020
US average: 3.2%
Worked from home
8.9%
+5.2 ptssince 2020
from 3.6% in 2020
US average: 15.0%
Walked to work
0.0%
−2.4 ptssince 2020
from 2.4% 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
2.3%
−3.0 ptssince 2020
from 5.3% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
7.4%
+2.6 ptssince 2020
from 4.8% in 2020
US average: 5.2%
Labor force participation
75.2%
−4.5 ptssince 2020
from 79.7% in 2020
US average: 63.5%
Self-employed
19.1%
+4.8 ptssince 2020
from 14.3% in 2020
US average: 13.1%
Management & professional
36.8%
+12.9 ptssince 2020
from 23.9% in 2020
US average: 42.5%
Section 08
People & community
Male
46.6%
−8.2 ptssince 2020
from 54.8% in 2020
Female
53.4%
+8.2 ptssince 2020
from 45.2% in 2020
Foreign born
5.5%
−5.4 ptssince 2020
from 11.0% in 2020
US average: 14.1%
Veterans
2.8%
−3.0 ptssince 2020
from 5.8% in 2020
US average: 6.2%
With a disability
11.2%
−0.4 ptssince 2020
from 11.6% in 2020
US average: 13.3%
Uninsured
5.6%
−0.3 ptssince 2020
from 5.9% in 2020
US average: 8.4%
Broadband at home
92.7%
+2.7 ptssince 2020
from 90.0% in 2020
US average: 91.0%
English only at home
94.1%
+6.0 ptssince 2020
from 88.1% in 2020
US average: 77.7%
Spanish at home
2.4%
−7.6 ptssince 2020
from 10.0% in 2020
US average: 13.6%
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Compare Census Tract 701.02 to nearby tracts
CENSUS TRACT 701.02 VS
Census Tract 701.01
Income$38,618−40%
Home value$170,100−34%
Population3,094−14%
SEE FULL COMPARISON →
CENSUS TRACT 701.02 VS
Census Tract 707.06
Income$82,102+28%
Home value$230,200−11%
Population2,768−23%
SEE FULL COMPARISON →
CENSUS TRACT 701.02 VS
Census Tract 706.02
Income$58,627−8%
Home value$151,400−42%
Population2,066−43%
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CENSUS TRACT 701.02 VS
Census Tract 712
Income$43,485−32%
Home value$107,000−59%
Population3,184−12%
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Frequently asked
How many people live in this census tract?
this census tract has about 3,601 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 $63,994 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 $259,400, and the typical rent is about $911 a month.
How educated are people in this census tract?
About 32.5% 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 17.8% of people in this census tract live below the federal poverty line.
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Containing area
Franklin CountyOther census tracts in Franklin County
Census Tract 710.01Census Tract 711.02Census Tract 712Census Tract 701.01Census Tract 704.01Census Tract 708.01Census Tract 707.06Census Tract 707.05Census Tract 707.03Census Tract 704.04Census Tract 710.02Census Tract 711.01Census Tract 705Census Tract 706.02Census Tract 706.01Census Tract 704.05DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024