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Market Analysis for Downtown Redevelopment <br />LOC' Y <br />C Q N 5 U LT I N G City of Centerville Economic Development Authority <br />April 3, 2023 <br />Condominium and Townhome Demand for Downtown Centerville, 2022-2027 <br />Market -Rate For -Sale Units <br />Households with incomes of $100,000 or higher <br />Estimated Base Price <br />$350,000 - $450,000 <br />Estimated Demand (Units) <br />45 - 90 <br />Source: LOCI Consulting LLC <br />Rental Housing Demand for Downtown Centerville, <br />2022-2027 <br />Estimated Rents <br />Estimated Demand (Units) <br />Affordable Rental Housing Units <br />Up to 50%AMI <br />$0 - $1,320 <br />40 - 50 <br />50% to 60% AMI <br />$1,320 - $1,584 <br />75 - 90 <br />Market -Rate Rental Units <br />Greater than $1,584 <br />75 - 100 <br />AMI is Area Median Income. Incomes shown in demand figures. <br />Source: LOCI Consulting LLC <br />Senior Housing Demand for Downtown Centerville, 2022-2027 <br />Market -Rate Active Adult <br />For -Sale Senior Housing <br />Rental Senior Housing <br />Market -Rate Independent Living/Congregate <br />Market -Rate Assisted Living <br />Assisted Living <br />Memory Care <br />Source: LOCI Consulting LLC <br />Estimated Demand (Units) <br />40 - 50 <br />10-20 <br />25 - 35 <br />0-0 <br />10-20 <br />Page 4 <br />