|
<br />SENIOR HOUSING ANALYSIS
<br /> TABLE 26
<br /> SENIOR POPULATION & HOUSEHOLD AGE DISTRIBUTION
<br /> ARDEN HILLS SENIOR MARKET AREA
<br /> I990-2lH2
<br /> ~~~~ ~~
<br /> .
<br />55 to 59 4,830 5,990 7,875 8,770 t,160 24.0% 2,780 46.4%
<br />60 to 64 4,390 4,549 5,990 7,500 159 3.6% 2,951 64.9%
<br />65 to 69 3,821 3,887 4,585 5,710 66 1.7% 1,823 46.9%
<br />70 to 74 2,718 3,599 3,785 4,260 881 32.4% 661 18.4%
<br />75 to 79 1,834 3,111 3,325 3,345 1,277 69.6% 234 7.5%
<br />80 to 84 1,230 2,099 2,565 2,640 869 70.7% 541 25.8%
<br />85 + 1,228 1,928 2,795 3,230 700 57.0% 1,302 67.5%
<br />65+ 10,831 14,624 17,055 19,185 3,793 35.0% 4,561 31.2%
<br />Percent 10.6% 14.0% 15.9% 17.1%
<br />75+ 4.292 7,138 8,685 9,215 2,846 66.3% 2,077 29.1%
<br />Percent 4.2% 6.8% 8.1% 8.2%
<br />Tota] Pop. 102,019 104,210 107,200 ]12,000 2,191 2.1% 7,790 7.5%
<br />
<br />
<br />
<br /> HOUSEHOLDS
<br />55 to 64 5.430 6,086 7,980 9,350 656 12.1% 3,264 53.6%
<br />65 to 74 4.071 4,859 5,120 6,085 788 19.4% 1,226 25.2%
<br />75+ 2,212 4,280 5,185 5,465 2,068 93.5% 1,185 27.7%
<br />65+ 6,283 9,139 ]0,305 11,550 2,856 45.5% 2,411 26.4%
<br />Percent 16.2% 21.9% 23.8% 25.4%
<br />75+ 2,212 4,280 5,185 5,465 2,068 93.5% 1,185 27.7%
<br />Percent 5.7% 10.3% 12.0% 12.0%
<br />Tota] HH. 38.682 41,713 43,300 45,500 3,031 7.8% 3,787 9.1%
<br />Sources: US. Census; Claritas, Inc.; Maxfield Research Inc.
<br />
<br />~ Typically, older seniors (75+) have the highest propensity to move into age-restricted hous-
<br />ing. However, active adult projects are attracting some in their early 60s, especially in
<br />projects with an ownership structure, such as townhomes, condos and cooperatives. In addi-
<br />tion, growth among older seniors, the primary market for senior housing with services, will
<br />also continue. These substantial increases will continue to fuel demand for additional senior
<br />housing in the Market Area into the foreseeable future.
<br />
<br />MAXFIELD RESEARCH INC.
<br />
<br />64
<br />
|