Drake, CO demographics:
population, income, and more

Total population
934
18.8% year-over-year change
Median household income
$66,615/yr
-16.6% year-over-year change
Housing units
616
1.5% year-over-year change

Drake population

How many people live in Drake

Drake is home to 934 residents, according to the most recent Census data. Gender-wise, 62.2% of Drake locals are male, and 37.8% are female.

Total population
934
18.8% year-over-year change
Gender ratio
Male
62.2%
581
Female
37.8%
353
Value Percent YoY change
Male 581 62.2% 44.2%
Female 353 37.8% -7.8%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Drake is 54, with the population distributed as follows: about 4.2% are children under 15, then 11.1% are in the 15 to 24 age group. Adults between 25 and 44 make up 22.9% of the population, while another 30.4% fall into the 45 to 64 bracket. Finally, around 31.4% are 65 or older.

Median age
53.9
Age breakdown
Under 15
4.2%
15 to 24
11.1%
25 to 44
22.9%
45 to 64
30.4%
Over 65
31.4%
Value Percent YoY change
Under 15 39 4.2% N/A
15 to 24 104 11.1% -0.9%
25 to 44 214 22.9% 79.8%
45 to 64 284 30.4% -19.8%
Over 65 293 31.4% 40.9%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

There’s also a share of 10.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 934 100% 18.8%
Racial breakdown
White
89.2%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
10.8%
Other
0%
Value Percent
White 833 89.2%
Two or more races 101 10.8%

Households in Drake

A peek inside Drake households

Drake has 382 households, with an average of 2 members in each. Of these, 73.8% are families, while the remaining 26.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
382
19.4% year-over-year change
Average people per household
2
Non-family households
100
Family households
282
Value Percent YoY change
Non-family households 100 26.2% 88.7%
Family households 282 73.8% 5.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Drake

The housing landscape of Drake

Drake's housing consists of 616 units, with 86.5% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 13.5% of the housing landscape.

Housing units
616
1.5% year-over-year change
Housing types
Value Percent
1 unit, detached 533 86.5%
Mobile home 83 13.5%
Homes built since 2020
% year-over-year change

The age of buildings in Drake

In Drake, the median construction year is 1983. About 14% of homes were built before the 1940s, with another 4.9% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 86 14% 13.2%
Built between 1940 and 1949 30 4.9% 57.9%
Built between 1950 and 1959 34 5.5% -2.9%
Built between 1960 and 1969 5 0.8% -87.2%
Built between 1970 and 1979 104 16.9% 33.3%
Built between 1980 and 1989 142 23% 42.0%
Built between 1990 and 1999 153 24.8% 43.0%
Built between 2000 and 2009 62 10.1% -35.4%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Drake occupancy rates

Out of the 382 occupied housing units in Drake, 92.9% are owner-occupied, while 7.1% are lived in by tenants. Meanwhile, 38% of all homes on the local market sit vacant.

Occupied housing units
382
19.4% year-over-year change
Occupancy breakdown
Renter occupied
27
Owner occupied
355
Value Percent YoY
change
Renter occupied 27 7.1% 12.5%
Owner occupied 355 92.9% 19.9%
Unoccupied housing units
38.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Drake housing costs

Median housing costs per month
$1,813/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.

Education in Drake

Drake education at a glance

About 29.3% of the population in Drake went to high school, while 18.6% pursued college studies. Another 12.2% earned an associate degree and 30.1% hold a bachelor’s. Meanwhile, 9.9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 262 29.3% 42.4%
College diploma 166 18.6% -7.3%
Associate degree 109 12.2% 2.8%
Bachelor's degree 269 30.1% 59.2%
Graduate degree 89 9.9% -39.9%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Drake

How much people earn in Drake

The average annual household income in Drake was $154,999 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +61.8% change from the previous year. At the same time, the median income stood at $66,615, reflecting a -16.6% shift over the same period.

Average household income in Drake
$154,999/year
61.9% year-over-year change
Median household income in Drake
$66,615/year
-16.6% year-over-year change

Drake income by age

Overall, 90.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Over 65 $47,460 -25.2%
Above poverty level
842
Below poverty level
92
Value Percent YoY
change
Above poverty level 842 90.2% 17.3%
Below poverty level 92 9.8% 35.3%

Employment in Drake

Workforce and job types in Drake

85.1% of the working population are employed in professional or administrative positions, while 14.9% are in hands-on or service-based jobs. Also, 8.5% run their own businesses, 73.1% are employed by private companies, and 16.5% work in the public sector.

Workforce demographics

White collar
320
Blue collar
56
Value Percent YoY change
White collar 320 85.1% -6.7%
Blue collar 56 14.9% 0.0%
Employer type
Self employees
8.5%
Private companies
73.1%
Governmental workers
16.5%
Not for profit companies
1.9%
Value Percent YoY change
Self employees 32 8.5% 6.7%
Private companies 275 73.1% -8.9%
Governmental workers 62 16.5% 3.3%
Not for profit companies 7 1.9% 0.0%

Transportation in Drake

How people get around in Drake

In Drake, the average commute time is 49 minutes.

Commute time
49 min
4.3% year-over-year change
Means of transportation
Value Percent YoY change
Car 318 100% -7.8%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Drake by zipcode?

Zipcode Population Number of households Median income Average income
80515 934 382 $66,615 $154,999

Explore more communities

FAQs about Drake demographics 

What is the total population of Drake?

Drake has a total population of 934 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +18.8% compared to a year ago.

What is the gender ratio in Drake?

The gender ratio in Drake is as follows:
  • 62.2% males (581 residents)
  • 37.8% females (353 residents)

What is the median age in Drake?

The median age in Drake is 53.9.

What is the age distribution of the population in Drake?

The age distribution in Drake is as follows:
  • Under 15: 4.2% (39 residents)
  • Ages 15-24: 11.1% (104 residents)
  • Ages 25-44: 22.9% (214 residents)
  • Ages 45-64: 30.4% (284 residents)
  • Over 65: 31.4% (293 residents)

What is the racial and ethnic makeup of Drake?

The racial and ethnic makeup of Drake is as follows:
  • White: 89.2% (833 residents)
  • Black or African American: 0% ( residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 0% ( residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 10.8% (101 residents)
  • Other: 0% ( residents)

What percentage of the population in Drake are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Drake.

How many housing units are there in Drake?

There are 616 housing units in Drake, reflecting a +1.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Drake and what is the average household size?

Drake has a total of 382 households, with an average of 2 people in each.

What is the median household income in Drake?

Drake has a median household income of $66,615, representing a -16.6% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Drake?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 85.1% (320 residents)
  • Blue-collar workers: 14.9% (56 residents)

Places of employment:
  • Self-employed: 8.5% (32 residents)
  • Private companies: 73.1% (275 residents)
  • Governmental workers: 16.5% (62 residents)
  • Not-for-profit companies: 1.9% (7 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025