CENSUS TRACT
Census Tract 704.01
Kentucky · Franklin County · 2,980 residents · 4.516 sq mi
Notable rankings
#270highest WFH in KY14.3%#304highest per-capita income in KY$40,700#318lowest young in KY35.9 yrs#343highest household income in KY$75,093TRACT SHAPE · Franklin County, KY
The short version
Census Tract 704.01 has roughly average household income, with a median household income of $75,093. Population has held roughly steady since 2020. Median home value is $175,000.
At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 35.9
US median: 38.9
Less educated
24% 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
2,980
+6%since 2020
from 2,805 in 2020
2020 – 2024
Population density
660 / sq mi
+6%since 2020
from 621 / sq mi in 2020
US average: 281
Median age
35.9
+2%since 2020
from 35.2 in 2020
US average: 38.9
Population, 2020 – 2024
20243K
Section 02
Income & economy
Median household income
$75,093
+8%inflation adjusted, since 2020
from $57,132 in 2020
US average: $82,259
2020 – 2024
Per capita income
$40,700
+20%since 2020
from $33,888 in 2020
US average: $44,673
Households earning $100K+
50.1%
+11.5 ptssince 2020
from 38.6% in 2020
US average: 53.3%
Poverty rate
9.5%
−3.1 ptssince 2020
from 12.7% in 2020
US average: 12.5%
Income inequality (Gini)
0.432
−11%since 2020
from 0.488 in 2020
US average: 0.476
Workforce by industry, 2024
Information18.4%
Retail trade8.1%
Other services5.3%
Wholesale trade2.9%
Public administration2.8%
Finance & insurance2.2%
Professional, scientific, technical2.2%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Transportation & warehousing0%
Education & health services0%
Arts, entertainment, food0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$175,000
+2%inflation adjusted, since 2020
from $141,200 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,070
−3%inflation adjusted, since 2020
from $908 in 2020
US average: $1,442
Owner-occupied
61.8%
+5.0 ptssince 2020
from 56.8% in 2020
38.2% rent
Vacancy rate
4.5%
+1.3 ptssince 2020
from 3.2% in 2020
US average: 10.0%
Owner cost-burdened
19.4%
−3.6 ptssince 2020
from 23.0% in 2020
US average: 22.9%
Renter cost-burdened
34.0%
−12.5 ptssince 2020
from 46.5% in 2020
US average: 47.4%
Afford Score
2.3
−6%since 2020
from 2.5 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 704.01 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic72.4%(2,032)
Black12.4%(348)
Hispanic / Latino6%(167)
Asian6.8%(190)
Other2.4%(68)
Diversity Score56.4%(1,582)
2024
White, non-Hispanic88.9%(2,649)
Black2%(60)
Hispanic / Latino5.6%(167)
Asian0.4%(11)
Other3.1%(93)
Diversity Score25.7%(765)
Diversity Score
26
−54%since 2020
from 56 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
23.9%
+4.4 ptssince 2020
from 19.5% in 2020
US average: 35.6%
High school or higher
87.9%
−0.5 ptssince 2020
from 88.4% in 2020
US average: 89.6%
Graduate degree
11.8%
+3.2 ptssince 2020
from 8.7% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
21.6 min
+29%since 2020
from 16.7 min in 2020
US average: 26.5
Drive alone to work
77.7%
−9.4 ptssince 2020
from 87.1% in 2020
US average: 68.9%
Carpooled to work
5.6%
−0.9 ptssince 2020
from 6.6% in 2020
US average: 8.5%
Public transit
0.0%
−0.1 ptssince 2020
from 0.1% in 2020
US average: 3.2%
Worked from home
14.3%
+8.1 ptssince 2020
from 6.2% in 2020
US average: 15.0%
Walked to work
1.7%
+1.7 ptssince 2020
from 0.0% 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
2.0%
−7.0 ptssince 2020
from 9.0% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
10.8%
+3.0 ptssince 2020
from 7.9% in 2020
US average: 5.2%
Labor force participation
71.5%
+12.4 ptssince 2020
from 59.2% in 2020
US average: 63.5%
Self-employed
19.7%
−2.0 ptssince 2020
from 21.7% in 2020
US average: 13.1%
Management & professional
37.0%
+5.6 ptssince 2020
from 31.4% in 2020
US average: 42.5%
Section 08
People & community
Male
51.6%
+3.8 ptssince 2020
from 47.7% in 2020
Female
48.4%
−3.8 ptssince 2020
from 52.3% in 2020
Foreign born
3.2%
−11.9 ptssince 2020
from 15.1% in 2020
US average: 14.1%
Veterans
6.2%
−1.9 ptssince 2020
from 8.1% in 2020
US average: 6.2%
With a disability
15.8%
+0.2 ptssince 2020
from 15.6% in 2020
US average: 13.3%
Uninsured
10.8%
−2.1 ptssince 2020
from 12.9% in 2020
US average: 8.4%
Broadband at home
91.8%
+12.1 ptssince 2020
from 79.7% in 2020
US average: 91.0%
English only at home
92.5%
+9.9 ptssince 2020
from 82.6% in 2020
US average: 77.7%
Spanish at home
5.8%
−0.4 ptssince 2020
from 6.3% in 2020
US average: 13.6%
Drill deeper
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Compare Census Tract 704.01 to nearby tracts
CENSUS TRACT 704.01 VS
Census Tract 704.03
Income$59,375−21%
Home value$219,800+26%
Population1,664−44%
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CENSUS TRACT 704.01 VS
Census Tract 705
Income$49,417−34%
Home value$176,000+1%
Population2,224−25%
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CENSUS TRACT 704.01 VS
Census Tract 712
Income$43,485−42%
Home value$107,000−39%
Population3,184+7%
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CENSUS TRACT 704.01 VS
Census Tract 704.05
Income$63,508−15%
Home value$340,000+94%
Population2,023−32%
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Frequently asked
How many people live in this census tract?
this census tract has about 2,980 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 $75,093 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 $175,000, and the typical rent is about $1,070 a month.
How educated are people in this census tract?
About 23.9% 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 9.5% of people in this census tract live below the federal poverty line.
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Explore from here
Containing area
Franklin CountyOther census tracts in Franklin County
Census Tract 710.01Census Tract 701.02Census Tract 711.02Census Tract 712Census Tract 701.01Census 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