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Kentucky Population Growth Does It Matter to Real Estate? Michael Price Kentucky State Data Center

Kentucky Population Growth Does It Matter to Real Estate? Michael Price Kentucky State Data Center University of Louisville 2013 Real Estate Economic Forecast The Olmsted Louisville, Kentucky February 7, 2013. Household Size. Occupancy-Vacancy. Population (in households). Households.

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Kentucky Population Growth Does It Matter to Real Estate? Michael Price Kentucky State Data Center

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  1. Kentucky Population Growth Does It Matter to Real Estate? Michael Price Kentucky State Data Center University of Louisville 2013 Real Estate Economic Forecast The Olmsted Louisville, Kentucky February 7, 2013

  2. Household Size Occupancy-Vacancy Population (in households) Households Housing Units Kentucky State Data Center

  3. Kentucky State Data Center

  4. Kentucky Trends 1960-2010 Housing Units Households Kentucky State Data Center

  5. Kentucky Trends 1960-2010 Percent Change

  6. Kentucky Decennial Growth Rates 1960’s 1970’s 1980’s 1990’s 2000’s Kentucky State Data Center

  7. Kentucky Vacancy Rates (Percent of total housing units not occupied) Kentucky State Data Center

  8. America’s New Regions New Sunbelt Melting Pot Heartland States Source: William H. Frey

  9. America’s New Demographic Regions Migration growth states The New Sunbelt Diversity states Melting Pot America Slow growth states The Heartland

  10. New Sunbelt New Sunbelt: Examples Colorado Georgia Immigration Domestic Migration Natural Increase Source: William Frey.

  11. Melting Pot Melting Pot: Examples New York California Immigration Domestic Migration Natural Increase Source: William Frey.

  12. Immigration Domestic Migration Natural Increase Heartland Heartland: Examples Kentucky Pennsylvania Source: William Frey & Michael Price

  13. Population Growth Rates 2000-2010 Percent Change

  14. Population Growth 2000-2010

  15. Jefferson (47,492) Kentucky County Population Growth 2000-2010 Boone (32,820) Fayette (35,291) Oldham (14,138) Warren (21,270) Kentucky State Data Center

  16. Core Based Statistical Areas (CBSA) CBSA’s are defined by counties. Metropolitan Statistical Areas are based on Urbanized Areas of 50,000 or more and are comprised of the host county plus neighboring counties linked by commuting. Micropolitan Statistical Areas are based on Urban Clusters of 10,000-49,999. They are made up of the host county and neighboring counties linked by commuting Combined Statistical Areas are comprised of two or more contiguous Metropolitan Statistical Areas and/or Micropolitan Statistical Areas. Kentucky State Data Center

  17. Kentucky State Data Center

  18. Total Population Distribution 2010 Kentucky State Data Center

  19. Population Growth 2000-2010 Kentucky State Data Center

  20. Kentucky Population Growth 2000-2010 Kentucky State Data Center

  21. Kentucky Components of Change 2000-2010 Per 1,000 person

  22. Population Growth in Kentucky Metro Areas 2000-2010 I-65 I-75 Corridor Kentucky State Data Center

  23. Population Growth in Kentucky Metro Areas Percent Change 2000-2010 I-65 I-75 Corridor Kentucky State Data Center

  24. Population Growth in Kentucky Micro Areas 2000-2010 Kentucky State Data Center

  25. Kentucky Components of Population Growth by Race and Hispanic Origin: 2000-2010

  26. Because household size is stabilizing, population growth is critical to the demand for housing. • Kentucky’s metro and micro areas in I-65 I-75 Corridor have robust population growth, fueled by in-migration, especially by minorities.

  27. Kentucky State Data Center http://ksdc.louisville.edu/ (502) 852-7990

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