Demographic Trends

Esri's Updated Demographics 2010/2015 data reveals significant changes and trends in the U.S.

Housing

• Short sales still impacting housing market.
• Foreclosures 16 percent higher than in first quarter of 2009.
• Vacant units rose more than 7.4 percent; vacancy rate now 11.95 percent.
• Home ownership rate is 65.8 percent.

Economy

• Dire budget shortfalls due to declining tax receipts threaten many cities and states
• No immediate signs of inflation
• FDIC notes record number of banks risk failing
• Commercial credit hard to obtain

Income

• U.S. median household income fell 0.45 percent from $54,719 in 2009 to $54,442.
• Average household income declined by 1.8 percent, from $71,437 down to $70,135.
• Median household income declined in 98 percent of U.S. counties.

Population

Pervasive slowing of growth and change in most markets due to decreased migration flows and fewer births.

• 54 percent of U.S. counties lost population from 2009–2010
• 10 states, including Florida and Michigan, lost population in 2009–2010
• Growth slowed in fastest-growing counties 2000–2010:
  • Kendall County, Illinois (Chicago metro area)
  • Rockwall County, Texas (Dallas-Fort Worth metro area)
  • Pinal County, Arizona (Phoenix metro area)

Diversity

• Most diverse states: California, Hawaii, New Mexico, Texas, Nevada
• 2010 Hispanic population: 50.5 million, 16.2 percent of U.S. population
• 2010 Asian population growth: 14.1 million; growth of 3.2 percent annually
• 2010 multiracial population: 9.3 million, almost 3 percent of U.S. population
• 2000–2010 multiracial population growth rate: 3.1 percent annually