Fancy Farm, KY Profile: Facts & Data

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Fancy Farm, Kentucky - Basic Facts

The Fancy Farm Census Designated Place had a population of 446 as of July 1, 2019. 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. Graves County is in the Central time zone (GMT -6). The elevation is 440 feet.

The Fancy Farm Census Designated Place (GNIS ID: 2629613) 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.


Jump to... (On This Page!)
  1. Fancy Farm 2019 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 - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Fancy Farm, KY Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Fancy Farm, KY Housing Affordability Index is 249
State of Kentucky Housing Affordability Index is 161
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.

WEALTH INDEX

Fancy Farm, KY Wealth Index is 68
State of Kentucky Wealth Index is 73
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Kentucky COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 446 (100%)
Population in Households 445 (99.8%)
Population in Families 389 (87.2%)
Population in Group Quarters1 1 ( 0.2%)
Population Density 509
Diversity Index2 5
 

INCOME

Median Household Income $54,839
Average Household Income $69,430
Per Capita Income $26,321
Wealth Index4 68

HOUSING

Total Housing Units 210 (100%)
Owner Occupied HU 146 (69.5%)
Renter Occupied HU 46 (21.9%)
Vacant Housing Units 18 ( 8.6%)
Median Home Value $119,828
Housing Affordability Index3 249
 

HOUSEHOLDS

Total Households 192
Average Household Size 2.32
Family Households 141
Average Family Size 3
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 race 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 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.29% -0.23%
Households -0.28% -0.21%
Families 1.31% -0.43%
Median Household Income   2.71%
Per Capita Income   2.48%

Fancy Farm, KY - Peer Comparisons by Rank and Percentile

The table below compares Fancy Farm to the other 540 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2019 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 # 362 33rd
Population Density # 383 29th
Diversity Index # 503 7th
Median Household Income # 171 69th
Per Capita Income # 190 65th

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

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