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Centerville 2040 Comprehensive Plan <br /> <br /> <br />T ABLE 29 shows that 27 percent of all households in Centerville that own their home spent more <br />than 30% of their income on housing costs. A similar pattern occurs in rental housing. T ABLE <br />30 shows that 51 percent of households that rent their home spent more than 30% of their <br />income on rent. <br />Almost three-fourths of all households in the City spend less than 30% of their income on <br />housing. As a result, the City has a population that largely is secure in its housing need. <br />However, there is a segment of the population as shown in Table 30 which is currently cost <br />burdened by housing. In addition, the rental opportunities within the City present a challenge <br />for residents as 37% of those that identified as renters spend 35% or more of their income on <br />rent. The City has a demonstrated need for more workforce housing in the form of rental <br />properties as well as a pent-up demand for higher end housing based on 48% of the population <br />spending less than 20% of their income on housing. Development of higher end housing could <br />result in more affordable starter homes again becoming available within the community so long <br />as those naturally occurring affordable homes are maintained. <br />Table 29 - Percent of Owner Income <br />Spent on Housing Costs <br /> # Units Percent <br />< 20 percent 587 48% <br />20-24 percent 194 16% <br />25-29 percent 84 7% <br />30-34 percent 72 6% <br />35% or more 242 21% <br />Not computed 6 0% <br />Total 1,179 100% <br />S OURCE: ACS 2012-2016 E STIMATES <br /> <br />Table 30 - Percent of Income Spent on Rent <br /> <br /> # Units Percent <br />< 20 percent 7 6% <br /> <br />20-24 percent 16 14% <br />25-29 percent 31 28% <br /> <br />30-34 percent 16 14% <br /> <br />35% or more 41 37% <br />Not computed 0 0% <br /> <br />Total 111 100% <br /> Source: ACS 2012-2016 Estimates <br /> Page 53 <br /> <br /> <br />