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Gonditiort <br />s Assessment Existing demographic and economic <br />report provides detailed infonnatiotr on existing The intent of this analysis <br />This section of the xep P °rtmrities. <br />t cc market strengths, challenges and opp <br />trends, land uses, real estate market conditions, and the local <br />economy. <br />is to facilitate identification of Potential <br />Demographic and Economic Trends private data vendor, the North <br />The demographic and economic data reported below were <br />,eclatitasea from number of both primary <br />and <br />and secondary data sources including <br />Carolina Employment Security Commission; and the North Carolina Office of State Budget <br />Management* <br />population and Household Trends <br />population Growth Trends h as represented by the two -mile radius area, <br />As shown in Table 1, the population of Hillsborough, <br />093 beriveen 2000 and 2009 —a I Percent decrease. This is in contrast o <br />declined from 6,156 to 6, ercent, in the five -mile radius, and an increase of <br />a total population increase of 987 residents, or 6 p <br />over 9,000 residents, or 13 percent, in the ten -mile radius. <br />axed to the five- and ten - <br />Household Growth Trends hl the same between <br />Household growth is also starkly different ill the two-11 radius comp <br />grew by around 7 <br />mile areas. The number of households i❑ the rivo -mile radius stayed we b about 13 <br />rowte increases even more significantly in the ten -mile radius, y <br />life and 2009. The number of households in the five -mile radius, however, <br />percent. The rate of g' <br />percent. <br />Household Size period between the years 2000 and 2009 stayed <br />Household size in the two larger ring areas in the p household dining the <br />persons per household. The riv ° -tn pet. analysis revealed that <br />about the same at 2.5 P from 2.5 to 2.4 persons <br />Hillsborough household size declined slightly <br />same period. <br />area remained roughly the same <br />Household Type used of 35 percent family <br />Similarly, the proportion of family households within each ring ercent, <br />year period. In 2009 the rivo -mile radius was comp' percent and 36 p <br />during the nine y P <br />households• The five- and ten mile radii show similar figures with 3 <br />respectively. <br />0 <br />