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City of Arden Hills – 2040 Comprehensive Plan <br /> <br /> <br />Approved:, 2018 <br />7-8 <br />larger home. Once the children leave and the family size decreases, parents <br />often move back to a smaller home with fewer maintenance needs or to one of <br />the growing number of either single-family or multi-family housing options that <br />has an association that take care of home and property maintenance. <br />Eventually, as a person ages, there is often a need for assisted living or an <br />extended care facility. <br />Housing in Arden Hills today is primarily focused on one stage of the housing life- <br />cycle, move-up housing. Ironically, a significant number of units constructed in <br />Arden Hills during the 1970s were oriented to the first-time homebuyer market. <br />As housing prices have risen over the past three to four decades, what was once <br />priced for a first-time buyer is now classified as move-up housing due to <br />escalated prices. Arden Hills does still have a limited supply of more entry level <br />housing. In 2014, there were 283 units in the Arden Manor manufactured home <br />community, serving approximately 840 residents. <br />Rental housing is another component of life-cycle housing that needs to be <br />addressed. Rental housing is an important component of the overall housing <br />supply since it provides options for both the beginning and later stages of the life- <br />cycle chain. It may also serve the needs of several segments of the population <br />including retail service employees, seniors, young adults just entering the <br />workplace and economically disadvantaged households. Based on the <br />homestead data from Ramsey County, 10 percent of the housing in Arden Hills is <br />classified as non-homesteaded, which is a rough indicator for rental housing. <br />According to the 2010 Census, slightly more than 86 percent of the occupied <br />single family homes and townhomes (not including manufactured homes or <br />condominiums) were owner occupied in 2010. <br />Arden Hills promotes housing diversity through its long-term goals, policies, and <br />strategies. The market is also expected to exert pressure on the City for more <br />housing diversity. As was noted earlier, factors such as an aging population, a <br />population that has more non-family households, and increased numbers of <br />householders living alone is expected to drive demand for more attached, multi- <br />family housing. Multi-family units expected to be in demand are likely to be <br />oriented toward both owners and renters. <br />7.4.2 Housing Affordability <br />Dr <br />a <br />f <br />t <br /> <br />11 <br />/ <br />2 <br />0 <br />/ <br />2 <br />0 <br />1 <br />7