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2023-05-17 EDA Packet
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2023-05-17 EDA Packet
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5/10/2023 5:57:18 PM
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<br />Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />Condominium and Townhome Demand for Downtown Centerville, 2022-2027 <br />Estimated Base PriceEstimated Demand (Units) <br />Market-Rate For-Sale Units <br /> Households with incomes of $100,000 or higher$350,000-$450,00045-90 <br />Source: LOCi Consulting LLC <br />Rental Housing Demand for Downtown Centerville, 2022-2027 <br />Estimated RentsEstimated Demand (Units) <br />Affordable Rental Housing Units <br /> Up to 50% AMI$0-$1,32040-50 <br /> 50% to 60% AMI$1,320-$1,58475-90 <br />Market-Rate Rental UnitsGreater than $1,58475-100 <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 />Estimated Demand (Units) <br />Market-Rate Active Adult <br /> For-Sale Senior Housing40-50 <br /> Rental Senior Housing10-20 <br />Market-Rate Independent Living/Congregate25-35 <br />Market-Rate Assisted Living <br /> Assisted Living0-0 <br /> Memory Care10-20 <br />Source: LOCi Consulting LLC <br /> <br /> <br />Page | 4 <br /> <br />
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