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ESRI 2009/2014 Demographic Trends

ESRI's 2009/2014 Updated Demographics reveal a number of changes and trends for the United States in 2009.

Housing Changes

• Housing market downturn now affected by economic downturn
• Foreclosures up 81 percent in 2008, with sharp increases since January 2009
• 2009 median home value at $162,000, down 11.3 percent from 2008
• 2008-2009 median home value declined in more than two-thirds of U.S. counties
• Vacant units up by more than 8 percent; vacancy rate now 11.2 percent
• At 66.2 percent, 2009 rate of homeownership now slightly less than in 2000

Economic Trends

• Recession since December 2007
• Unemployment rate up to 10.6 percent (not seasonally adjusted)
• Job loss at -5.6 million in past year
• Economy slowed by job loss, housing slump, credit crunch

Income

• No growth in median household income (U.S. median: $54,700)
• Median household income declined in 37 percent of U.S. counties
• Median net worth declined by 7.6 percent to less than $98,000

Population Change

• Pervasive slowing of growth and change in most markets due to decreased migration flows (both in- and out-migration)
• Fastest-growing areas 2000-2009:
  • Flagler County, Florida
  • Kendall County, Illinois (Chicago metro area)
  • Rockwall County, Texas (Dallas-Fort Worth metro area)
  • Pinal County, Arizona (Phoenix metro area)
• Fastest-growing ZIP Codes 2000-2009:
  • 89084—North Las Vegas, Nevada
  • 89086—North Las Vegas, Nevada
  • 89138—Las Vegas, Nevada
  • 80238—Denver, Colorado
• U.S. median age in 2009: 36.9 years (+1.5 years since 2000)

Diversity and Population Change

• Most diverse states: California, New Mexico, Texas
• 2009 Hispanic population: 48.7 million, 15.7 percent of U.S. population
• 2000-2009 Hispanic population growth: more than 3.5 percent annually
• 2009 Asian population: 13.9 million, 4.5 percent of U.S. population
• 2000-2009 Asian population growth: 3.4 percent annually
• 2009 multiracial population: 9.1 million, almost 3 percent of U.S. population
• 2000-2009 multiracial population growth: 3.2 percent annually