School Districts of Randolph County, IN Demographic Study

Transcription

1 School Districts of Randolph County, IN Demographic Study November 15, 2017 McKibben Demographic Research Jerome McKibben, Ph.D. Rock Hill, SC

2 Assumptions a. There will be no short term economic recovery in the next 18 months and the national, state or regional economy does not go into deep recession at any time during the 10 years of the forecasts; (Deep recession is defined as four consecutive quarters where the GDP contracts greater than 1% per quarter) b. Interest rates have reached a historic low and will not fluctuate more than one percentage point in the short term; the interest rate for a 30 year fixed home mortgage stays below 5.0%; c. The rate of mortgage approval stays at levels and lenders do not return to sub-prime mortgage practices; d. There are no additional restrictions placed on home mortgage lenders or additional bankruptcies of major credit providers; e. The rate of housing foreclosures does not exceed 125% of the average of Randolph County for any year in the forecasts; f. All currently planned, platted, and approved housing developments are built out and completed by All housing units constructed are occupied by 2027; 2

3 Assumptions g. The unemployment rates for the Randolph County and the Muncie Metropolitan Area will remain below 7.0% for the 10 years of the forecasts; h. The rate of students transferring into and out of each of the School Districts of Randolph County will remain at the level for the next 10 years; i. The inflation rate for gasoline will stay below 5% per year for the 10 years of the forecasts; j. There will be no building moratorium within any of the five districts over the next 10 years; k. There are no changes in the state guidelines regarding school vouchers and/or inter district transfers; l. Businesses within the district and the School Districts of Randolph County area will remain viable; m. The number of existing home sales in the district that are a result of distress sales (homes worth less than the current mortgage value) will not exceed 20% of total homes sales in the district for any given year; 3

4 Assumptions n. Housing turnover rates (sale of existing homes in the district) will remain at their current levels. The majority of existing home sales are made by home owners over the age of 60; o. Private school and home school attendance rates will remain constant; p. The rate of foreclosures for commercial property remains at the average for Randolph County; 4

5 Monroe Central School Corporation Total Population 2010 Census Males Females

6 Randolph Central School Corporation Total Population 2010 Census Males Females

7 Randolph Eastern School Corporation Total Population 2010 Census Males Females

8 Randolph Southern School Corporation Total Population 2010 Census Males Females

9 Union School Corporation Total Population 2010 Census Males Females

10 Table 2: Household Characteristics by Elementary Area, 2010 Census HH w/ Pop % HH w/ Pop Total Household Persons Per Under 18 Under 18 Households Population Household Monroe Central School Corp % 2,207 5, Randolph Central School Corp. 1, % 3,991 9, Randolph Eastern School Corp % 2,129 5, Randolph Southern School Corp % 1,278 3, Union School Corporation % 1,168 2,

11 Table 3: Householder Characteristics by Elementary Area, 2010 Census Percentage of Householders aged Percentage of Householders aged 65+ Percentage of Householders Who Own Homes Monroe Central School Corp. 39.8% 25.7% 78.7% Randolph Central School Corp. 36.1% 28.0% 70.7% Randolph Eastern School Corp. 34.4% 30.2% 67.0% Randolph Southern School Corp. 39.7% 28.4% 76.6% Union School Corporation 35.0% 29.2% 83.5% 11

12 Table 4: Percentage of Households that are Single Person Households and Single Person Households that are over age 65 by Elementary Area, 2010 Census Percentage of Single Person Households Percentage of Single Person Households and are 65+ Monroe Central School Corp. 22.3% 9.7% Randolph Central School Corp. 28.8% 14.5% Randolph Eastern School Corp. 22.3% 11.7% Randolph Southern School Corp. 24.5% 10.7% Union School Corporation 23.6% 10.9% 12

13 Table 6: Age Under One to Age Ten Population Counts, by Year of Age, by Elementary Area: 2010 Census Under 1 year 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years Monroe Central School Corp Randolph Central School Corp Randolph Eastern School Corp Randolph Southern School Corp Union School Corporation

14 Internal Revenue Service Migration Households 2015 In-Migration 2015 Out-Migration Persons per Persons Household Mean Household Income Households Persons Persons per Household Mean Household Income Randolph County Total Migration-US and Foreign $32, $31,857 Randolph County Total Migration-US $32, $31,857 Randolph County Total Migration-Same State $31, $34,207 Randolph County Total Migration-Different State $34, $26,604 Randolph County Total Migration-Foreign Randolph County Non-migrants 9,525 20, $47,084 9,525 20, $47,084 Delaware County $30, $30,795 Wayne County $31, $33,478 Darke County $30, $27,959 Jay County $24, $29,024 Henry County $35, $43,550 14

15 Randolph County, IN: IRS Migration In-Migration Out-Migration Net Migration

16 Randolph County, IN: Total Building Permits Total Units

17 Monroe Central School Corporation 17 Total Total 5,658 5,590 5,520 5,400 Median Age to 2015 to 2020 to Births Deaths Natural Increase Net Migration Change Differences between period Totals may not equal Change due to rounding.

18 Monroe Central School Corporation K Total: K Total: Total: K ,005 1,027 1,042 1,059 1,074 1,069 1,057 1,040 1,035 1,011 1, Total: K ,005 1,027 1,042 1,059 1,074 1,069 1,057 1,040 1,035 1,011 1, Change % Change 0.0% 2.2% 2.2% 1.5% 1.6% 1.4% -0.5% -1.1% -1.6% -0.5% -2.3% 0.4% -1.6% -1.7% -0.3% Total: K Change % Change -4.1% -1.8% 1.9% 0.2% 7.5% 2.4% 2.0% 1.1% 1.4% -0.5% -0.4% -3.2% -3.1% -2.4% -2.1% 18 Total: Change % Change 4.5% 6.4% 2.5% 2.6% -3.7% 0.4% -3.0% -3.5% -5.1% -0.4% -4.7% 4.9% 0.2% -0.9% 1.7% Forecasts developed October 2017 Green Cells ( and earlier) are historical data Blue Cells ( and later) are forecasted years

19 Randolph Central School Corporation 19 Total Total 9,887 9,840 9,840 9,730 Median Age to 2015 to 2020 to Births Deaths Natural Increase Net Migration Change Differences between period Totals may not equal Change due to rounding.

20 Randolph Central School Corporation K Total: K Total: Total: Total: Total: K-12 1,556 1,545 1,529 1,514 1,499 1,474 1,488 1,478 1,470 1,464 1,465 1,472 1,460 1,450 1,422 1,403 Total: K-12 1,556 1,545 1,529 1,514 1,499 1,474 1,488 1,478 1,470 1,464 1,465 1,472 1,460 1,450 1,422 1,403 Change % Change -0.7% -1.0% -1.0% -1.0% -1.7% 0.9% -0.7% -0.5% -0.4% 0.1% 0.5% -0.8% -0.7% -1.9% -1.3% Total: K Change % Change -3.6% 2.7% -6.5% -2.5% -4.6% 3.0% 5.3% -1.4% -1.1% -1.4% -1.2% -1.5% -2.1% -1.8% -0.9% Total: Change % Change 5.2% -5.5% 11.7% 3.0% 3.5% 1.3% -9.9% -1.7% -2.9% 6.2% -1.1% -1.4% -2.0% -1.7% -2.1% Total: Change % Change -4.0% -0.3% -9.7% 0.0% 0.0% -0.9% 9.6% 0.6% 5.0% -9.9% -1.5% -2.7% 6.5% -1.2% -1.5% 20 Total: Change % Change 0.2% -1.3% 1.5% -3.6% -4.9% 0.5% -4.7% 0.2% -2.4% 5.5% 4.7% 1.6% -3.8% -2.8% -1.0% Forecasts developed October 2017 Green Cells ( and earlier) are historical data Blue Cells ( and later) are forecasted years

21 Randolph Eastern School Corporation 21 Total Total 5,230 5,240 5,280 5,250 Median Age to 2015 to 2020 to Births Deaths Natural Increase Net Migration Change Differences between period Totals may not equal Change due to rounding.

22 Randolph Eastern School Corporation K Total: K Total: Total: K Total: K Change % Change -1.0% 2.0% -3.4% -3.1% 2.4% -1.8% -1.2% -1.5% 0.2% -0.2% -1.0% 0.6% 1.4% -2.7% -0.1% Total: K Change % Change -0.6% 3.4% -3.7% -8.1% 8.1% -0.2% 4.3% -4.7% 0.0% 2.2% 0.2% -2.7% -2.0% -1.8% -1.1% 22 Total: Change % Change -1.4% 0.5% -3.1% 2.7% -3.6% -3.7% -7.7% 2.8% 0.5% -3.2% -2.5% 5.2% 5.7% -3.9% 1.1% Forecasts developed October 2017 Green Cells ( and earlier) are historical data Blue Cells ( and later) are forecasted years

23 Randolph Southern School Corporation 23 Total Total 3,254 3,270 3,250 3,170 Median Age to 2015 to 2020 to Births Deaths Natural Increase Net Migration Change Differences between period Totals may not equal Change due to rounding.

24 Randolph Southern School Corporation K Total: K Total: Total: K Total: K Change % Change -6.2% -4.0% 5.4% 3.2% 3.6% 1.1% -0.4% -0.2% 0.6% 1.1% -0.9% 0.7% -1.8% -0.7% 0.0% Total: K Change % Change -8.7% -0.8% 9.6% 0.8% 6.8% 2.1% -1.4% 1.4% 0.7% 1.7% -0.3% -3.4% -2.8% -2.2% -1.5% 24 Total: Change % Change -3.7% -6.9% 1.2% 5.7% 0.4% 0.0% 0.8% -1.9% 0.4% 0.4% -1.6% 5.5% -0.7% 0.8% 1.5% Forecasts developed October 2017 Green Cells ( and earlier) are historical data Blue Cells ( and later) are forecasted years

25 Union School Corporation 25 Total Total 2,959 2,890 2,840 2,730 Median Age to 2015 to 2020 to Births Deaths Natural Increase Net Migration Change Differences between period Totals may not equal Change due to rounding.

26 Union School Corporation K Total: K Total: Total: K Total: K Change % Change -4.4% -7.2% -37.2% -8.0% -6.5% -5.2% -9.8% -3.4% 2.8% -3.4% -3.5% -6.6% -9.4% -0.9% -2.6% Total: K Change % Change -0.6% -3.8% -33.3% -2.9% -8.1% -3.3% -13.6% 3.9% -2.5% -6.5% -1.4% -1.4% -4.3% -1.5% 1.5% 26 Total: Change % Change -7.5% -10.2% -40.7% -13.1% -4.7% -7.3% -5.3% -11.1% 9.4% 0.0% -5.7% -12.1% -15.5% 0.0% -8.2% Forecasts developed October 2017 Green Cells ( and earlier) are historical data Blue Cells ( and later) are forecasted years

27 Table 1: Forecasted District Population Change, 2010 to Change Change Change Monroe Central School Corp. 5,658 5, % 5, % -2.4% Randolph Central School Corp. 9,887 9, % 9, % -0.5% Randolph Eastern School Corp. 5,230 5, % 5, % 1.0% Randolph Southern School Corp. 3,254 3, % 3, % -0.1% Union School Corporation 2,959 2, % 2, % -4.0% 27

28 Table 5: Elementary Enrollment, 2017, 2022, Change Change Change Monroe Central School Corp % % -4.9% Randolph Central School Corp % % -8.2% Randolph Eastern School Corp % % -6.0% Randolph Southern School Corp % % -5.7% Union School Corporation % % -26.4% 28

29 Executive Summary 1. The resident total fertility rate for all of the School Districts of Randolph County over the life of the forecasts is below replacement level. (Ranging from 1.81 to 1.94 vs. the replacement level of 2.1) 2. Most in-migration to all of the districts continues to primarily occur in the 0-to-9 and 25- to-39 year-old age groups. 3. A high proportion of the local 18-to-24 year-old population continues to leave all of the districts, going to college or moving to other urbanized areas. This population group accounts for the largest segment of the five districts out-migration flow. 4. The primary factors causing all five of the districts enrollment to decrease over the next 10 years are the increase in the number of empty nest households, an aging of the current population, and a low rate of in-migration of young families. 5. Changes in year-to-year enrollment over the next 10 years will primarily be due to smaller grade cohorts entering and moving through the school systems in conjunction with larger grade cohorts leaving the systems. 29

30 Executive Summary 6. The median age of the Monroe Central School Corporation s population will increase from 41.8 in 2010 to 45.0 in The median age of the Randolph Central School Corporation s population will increase from 41.4 in 2010 to 44.0 in The median age of the Randolph Eastern School Corporation s population will increase from 38.1 in 2010 to 40.6 in The median age of the Randolph Southern School Corporation s population will increase from 40.6 in 2010 to 45.3 in The median age of the Union School Corporation s population will increase from 43.1 in 2010 to 45.4 in Even if all of the districts continue to have some level of annual new home construction, the rate, magnitude and price of existing home sales will become the increasingly dominant factors affecting the amount of population and enrollment change. 30

31 Executive Summary 8. For the Monroe Central School Corporation, total district enrollment is forecasted to decrease by 24 students, or -2.3%, between and Total enrollment will decrease by 56 students, or -5.4%, from to For the Randolph Central School Corporation, total district enrollment is forecasted to decrease by 9 students, or -0.6%, between and Total enrollment will decrease by 62 students, or -4.2%, from to For the Randolph Eastern School Corporation, total district enrollment is forecasted to decrease by 39 students, or -4.5%, between and Total enrollment will decrease by 15 students, or -1.8%, from to For the Randolph Southern School Corporation, total district enrollment is forecasted to increase by 12 students, or 2.2%, between and Total enrollment will decrease by 15 students, or -2.7%, from to For the Union School Corporation, total district enrollment is forecasted to decrease by 31 students, or -17.9%, between and Total enrollment will decrease by 30 students, or -21.1%, from to