Employment, Population, and Income, collectively known as demand generators, are all fundamental forces of demand and key measures of the economic health of a region. Changes in these three categories affect the demand for various types of real estate within the market. For some time I’ve wanted to create a map to visualize which areas of Kentucky are the most economically stable based on these three factors. Having accumulated sufficient data, I have created a heat map based on growth in employment, population, and income trends. The numbers you see on the map for the counties in Kentucky are the average of changes for each category. If you have any questions regarding my methodology, please give me a call or send me an email. More economically stable areas are red, less economically stable areas appear in blue. If you are considering a real estate investment in Kentucky, I’d advise you to stay away from the blue areas and look closely at the red areas. With that said, here’s the heat map.
[…] you saw in the map from a previous post, the strength of the local economy can be ranked and quantified to provide a snapshot of the […]