Fancy Farm, KY Profile: Facts & Data

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Fancy Farm, Kentucky - Basic Facts

The Fancy Farm CDP(1) had a population of 387 as of July 1, 2023. Fancy Farm ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Fancy Farm is located at latitude 36.7995 and longitude -88.7914 in Graves County. The formal boundaries for the Fancy Farm Census Designated Place encompass a land area of 0.88 sq. miles and a water area of 0 sq. miles.

The Fancy Farm Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Fancy Farm Census Designated Place is located within Fancy Farm Division of Graves County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Fancy Farm 2023 Demographic Data
  2. Growth Rates for Fancy Farm (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Kentucky Research Tools (Easy Tools & Current Data)
  3. Kentucky Data Comparison Tool - 2023 Demographics
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Fancy Farm, KY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 387 (100%)
Population in Households 381 (98.4%)
Population in Families 302 (78.0%)
Population in Group Quarters1 6 ( 1.6%)
Population Density 442
Diversity Index2 8
 
 

INCOME

Median Household Income $59,632
Average Household Income $96,438
% of Income for Mortgage4 21%
Per Capita Income $45,626
Wealth Index5 95
Socioeconomic Status Index6 Moderate (59.1)
 

HOUSING

Total HU (Housing Units) 195 (100%)
Owner Occupied HU 142 (72.8%)
Renter Occupied HU 41 (21.0%)
Vacant Housing Units 12 ( 6.2%)
Median Home Value $209,259
Average Home Value $233,099
Housing Affordability Index3 120
 

HOUSEHOLDS

Total Households 183
Average Household Size 2.08
Family Households 99
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.24% -0.31%
Households -0.33% -0.11%
Families   -0.41%
Median Household Income   4.69%
Per Capita Income   3.53%
Owner Occupied HU   1.50%

Fancy Farm, KY - Peer Comparisons by Rank and Percentile

The table below compares Fancy Farm to the other 555 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 384 31st
Population Density # 391 30th
Median Household Income # 222 60th
Housing Affordability Index # 196 35th
Per Capita Income # 89 84th
Diversity Index # 517 7th

Additional comparisons and rankings can be made with a VERY EASY TO USE Kentucky Census Data Comparison Tool.

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