My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
01-22-08 1B Market Study
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2000-2009
>
2008
>
01-22-08-WS
>
01-22-08 1B Market Study
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/18/2008 11:19:37 AM
Creation date
1/18/2008 11:17:07 AM
Metadata
Fields
Template:
General
Document
Market Study by Maxfield Research
General - Type
Agenda Item
Date
1/22/2008
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
99
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />DEMOGRAPHIC ANALYSIS <br /> <br />amount of square feet but have upgraded finishes their current single-family homes do <br />not. The number of households ages 55 to 64 is projected to grow by approximately <br />4,600 households during the next five years and will continue to grow through 2012 as <br />the bulk of the baby boom generation ages into their 50s and 60s. <br /> <br /> <br />The median income in 2007 is an estimated over $57,000 for younger seniors (ages 65 to 74) in <br />Arden Hills and $47,000-plus for older seniors (ages 75+). In the total market area, those in- <br />comes come in at $45,000 (65-74) and nearly $29,000 for those 75+. While the incomes of those <br />75+ incomes are lower (since most are retired), they generally have full equity in an existing <br />home that they can allocate toward the purchase of a new multifamily unit. <br /> <br />Tenure by Age of Householder <br /> <br />Table 6 shows the number of owner and renter households in the Arden Hills Market Area by <br />age group in 1990 and 2000. This data is useful in determining demand for certain types of <br />housing since housing preferences change throughout an individual's life cycle. Key points de- <br />rived from the table are: <br /> <br />~ <br /> <br />In 2000, nearly 78% of the households in the Market Area owned their housing, with <br />91 % of those 55-64 owning their own homes. <br /> <br />21 <br /> <br />MAXFIELD RESEARCH INC. <br />
The URL can be used to link to this page
Your browser does not support the video tag.