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Approximately 5% of the mu4ti- family population is children, while 28% {2,539} are senior over the age of 55. • The number of multi- family complexes where children represent more than 10% of the population is limited to 15 of 98 total complexes. The number of multi- family Complexes where seniors represent more than 10% of the population is 42 of 98 total complexes, explaining the different service needs of some of these complexes. 1F In terms of the number of residents, the top ten range from 447 to 262 and average 310 residents per complex -each comparable to a small neighborhood. However, the majority of the complexes have smaller populations; less than 100 residents per complex. • Approximately 56 % of the multi-family residents have lived in their home for more than five years. When renters move, 66% move to another rental property and 30% move to a single family home. Between 22 -25% of all moves by multi - family residents are within the City of Roseville. • Although the vacancy rate for rental property has decreased from 10% in 1990 to approximately 2% in 2000 and increased in 2002 by 6 %, the turn -aver rate remains as nigh as 30% per year particularly as young adults move in and out. Owners of multi - family housing (condos, townhomes, cooperatives) represent 25% of the total Units. When condo owners move, nearly 55% go to a rental housing unit. • Working adults represent 72% of the multi - family population. • The City's multi-family housing: • consists of 26% of the population (81810): • covers 5% (453 acres) of the land area; • has a market value of $549 million (15% of total); and generates property taxes in excess of $5,6 million (10% of total). Housing Plan — 2004 Page 6 Roseville HRA