My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2023-05-10 CC Packet
Centerville
>
City Council
>
Agenda Packets
>
2023
>
2023-05-10 CC Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/6/2023 3:10:37 PM
Creation date
5/5/2023 3:38:24 PM
Metadata
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
235
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
LOCiMarket Analysis for Downtown Redevelopment <br />CONSULTING City of Centerville Economic Development Authority <br />April 3, 2023 <br />ADDendix <br />Demand Calculations <br />A.1 For -sale Townhome and Condominium Housing Demand in the PMA, 2022-2027 <br />(Demand from Household Growth in the PMA <br />Age/income qualified households in 2022 <br />Age/income qualified households in 2027 <br />21,439 <br />24,307 <br />Projected growth of the age/income qualified market <br />Estimated percentage that will choose new for -sale housing <br />2,868 <br />89% <br />Units needed to meet demand from household growth in the PMA <br />2,564 <br />Demand from For -Sale Housing Turnover in the PMA <br />Estimated number of households that own in the PMA in 2022 <br />Estimated percentage that will seek new for -sale housing between 2022 and 2027 <br />Estimated percentage that will choose new for -sale housing <br />25,586 <br />23% <br />5% <br />Units needed to meet demand from turnover in PMA <br />295 <br />Demand from Outside the PMA <br />Estimated demand from outside PMA <br />20% <br />Units needed to meet demand from outside the PMA <br />715 <br />Demand in the PMA <br />Total for -sale demand in PMA <br />Minus vacant and competitive planned units <br />3,574 <br />81 <br />Units needed in the PMA <br />3,493 <br />Times percent of demand for condominiums and townhomes 26% <br />Units needed in the PMA 908 <br />Estimated demand capturable in Downtown Centerville 5% - 10% <br />Units supportable at the Commercial Zone 45 - 91 <br />1. Age/income qualitied households are households underage with incomes above $lUU,UUU pus o Or households age btD <br />and overwith incomes above $100,000. 20% of households age 65 plus are assumed to prefer age -restricted housing with <br />services. <br />Source: LOCI Consulting LLC <br />Page 191 <br />
The URL can be used to link to this page
Your browser does not support the video tag.