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<br />TABLE OF CONTENTS <br />(continued) <br /> <br />Page <br />RENTAL MARKET ANALySIS..................................................................................... 50 <br /> <br />Introduction...................... ............................................................................................... 50 <br />Twin Cities Rental Market Overview............................................................................. 50 <br />Monthly Rent and Vacancy Trends................................................................................. 51 <br />Rental Housing Survey ................................................................................................... 53 <br />Pending Rental Developments ........................................................................................ 57 <br />Rental Market Interview Summary ................................................................................. 60 <br /> <br />SENIOR H OUSING ANALYSIS ..................................................................................... 6] <br /> <br />Introduction ... ...... .... ......... ...... ..... ...... .... ....... .... ...... ............... .... ....... .... ........ ..... .............. 61 <br />Senior Housing Defined. ......... .......... ..... ................... ........... ................. ...... .................... 61 <br />Arden Hills Senior Market Area Definition.................................................................... 62 <br />Older Adult Population and Household Trends .............................................................. 62 <br />Older Adult and Senior Household Incomes .................................................................. 65 <br />Senior Housing in the Arden Hills Market Area............................................................. 66 <br />Pending Senior Housing Development in the Market Area............................................ 71 <br /> <br />CONCLUSIONS AND RECOMMENDA nONS.......................,................................... 72 <br /> <br />Introduction..................................................................................................................... 72 <br />Demographic Profile and Housing Demand ................................................................... 72 <br />General Occupancy Housing Demand Analysis ............................................................. 73 <br />Independent Senior Housing Demand Analysis ............................................................. 76 <br />Assisted Living Housing Demand Analysis ............................................................ 78 <br />Memory Care Housing Demand Analysis ...................................................................... 80 <br /> <br />HOUSING RECOMMENDA TIONS............................................................................... 83 <br /> <br />Introducti on .................................................................................................................... 83 <br />Summary of Demand ...................................................................................................... 83 <br />Recommended For-Sale Products ................................................................................... 84 <br />General Occupancy Rental Housing ............................................................................... 86 <br />Recommended Senior Products ..................................................................................... 88 <br />Summary of Recommendations ...................................................................................... 91 <br />