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CENSUS TRACT

Census Tract 707.04

Kentucky · Franklin County · 1,789 residents · 1.066 sq mi
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701.01706.01706.02707.03707.06712707.04
TRACT SHAPE · Franklin County, KY
The short version

Census Tract 707.04 has lower-than-average household income, with a median household income of $62,853. Population has declined 9% since 2020. Median home value is $188,000. With a median age of 49.7, the population is older than the US median of 38.9.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 49.7
US median: 38.9
Less educated
30% 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
1,789
−9%since 2020
from 1,968 in 2020
2020 – 2024
Population density
1,678 / sq mi
−9%since 2020
from 1,846 / sq mi in 2020
US average: 281
Median age
49.7
+19%since 2020
from 41.8 in 2020
US average: 38.9
Population, 20202024
2K2K2K2K2K20202024Census Tract 707.04
20242K
20202024
Section 02

Income & economy

Median household income
$62,853
−10%inflation adjusted, since 2020
from $57,440 in 2020
US average: $82,259
2020 – 2024
Per capita income
$42,459
+35%since 2020
from $31,485 in 2020
US average: $44,673
Households earning $100K+
40.6%
+4.1 ptssince 2020
from 36.4% in 2020
US average: 53.3%
Poverty rate
7.9%
+1.3 ptssince 2020
from 6.6% in 2020
US average: 12.5%
Income inequality (Gini)
0.359
+25%since 2020
from 0.288 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade10.9%
US avg: 9.9%
Information8.9%
US avg: 10.8%
Wholesale trade6.9%
US avg: 6.9%
Finance & insurance4.8%
US avg: 5.9%
Other services3.5%
US avg: 6.7%
Education & health services3.3%
US avg: 0.9%
Agriculture, forestry, fishing1.4%
US avg: 1.6%
Construction1.4%
US avg: 1.2%
Professional, scientific, technical1.4%
US avg: 5.1%
Public administration0.7%
US avg: 4.8%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$188,000
+20%inflation adjusted, since 2020
from $129,300 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$985
+10%inflation adjusted, since 2020
from $740 in 2020
US average: $1,442
Owner-occupied
63.0%
+5.4 ptssince 2020
from 57.6% in 2020
37.0% rent
Vacancy rate
3.4%
+1.3 ptssince 2020
from 2.1% in 2020
US average: 10.0%
Owner cost-burdened
18.6%
+8.3 ptssince 2020
from 10.4% in 2020
US average: 22.9%
Renter cost-burdened
45.3%
+15.4 ptssince 2020
from 30.0% in 2020
US average: 47.4%
Afford Score
3.0
+33%since 2020
from 2.3 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 707.04 on RentDataNow
Section 04

Race & ethnicity

2020
White, non-Hispanic84.3%(1,660)
Black11.7%(230)
Hispanic / Latino1.8%(35)
Asian0.4%(8)
Other1.8%(35)
Diversity Score34.3%(675)
2024
White, non-Hispanic75.7%(1,354)
Black12.7%(227)
Hispanic / Latino9.2%(164)
Asian0%(0)
Other2.5%(44)
Diversity Score50.3%(899)
Diversity Score
50
+47%since 2020
from 34 in 2020
2020 – 2024
Section 05

Education

Bachelor's degree or higher
30.2%
+4.4 ptssince 2020
from 25.8% in 2020
US average: 35.6%
High school or higher
98.1%
+1.2 ptssince 2020
from 96.9% in 2020
US average: 89.6%
Graduate degree
15.0%
−1.8 ptssince 2020
from 16.8% in 2020
US average: 14.0%
Section 06

Commute & transportation

Average commute
15.8 min
+1%since 2020
from 15.6 min in 2020
US average: 26.5
Drive alone to work
75.0%
−12.2 ptssince 2020
from 87.2% in 2020
US average: 68.9%
Carpooled to work
8.3%
−3.1 ptssince 2020
from 11.3% in 2020
US average: 8.5%
Public transit
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 3.2%
Worked from home
11.0%
+11.0 ptssince 2020
from 0.0% in 2020
US average: 15.0%
Walked to work
4.8%
+4.8 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
2.6%
+2.6 ptssince 2020
from 0.0% in 2020
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.5%
−2.5 ptssince 2020
from 6.9% in 2020
US average: 5.2%
Labor force participation
60.3%
−2.0 ptssince 2020
from 62.3% in 2020
US average: 63.5%
Self-employed
27.6%
+9.2 ptssince 2020
from 18.4% in 2020
US average: 13.1%
Management & professional
38.4%
−2.2 ptssince 2020
from 40.6% in 2020
US average: 42.5%
Section 08

People & community

Male
45.9%
−7.5 ptssince 2020
from 53.4% in 2020
Female
54.1%
+7.5 ptssince 2020
from 46.6% in 2020
Foreign born
8.8%
+3.2 ptssince 2020
from 5.5% in 2020
US average: 14.1%
Veterans
6.2%
+1.4 ptssince 2020
from 4.8% in 2020
US average: 6.2%
With a disability
13.0%
−4.0 ptssince 2020
from 17.0% in 2020
US average: 13.3%
Uninsured
4.1%
−0.1 ptssince 2020
from 4.2% in 2020
US average: 8.4%
Broadband at home
74.5%
−8.4 ptssince 2020
from 82.9% in 2020
US average: 91.0%
English only at home
90.9%
−6.3 ptssince 2020
from 97.2% in 2020
US average: 77.7%
Spanish at home
9.1%
+7.7 ptssince 2020
from 1.5% 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 1,789 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 $62,853 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 $188,000, and the typical rent is about $985 a month.

How educated are people in this census tract?

About 30.2% 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 7.9% 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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