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A. Dl?A,F/ . OR D,<:/", COp holders who owned their housing in 1990 including neartr41@gf~e~lders age 75 and over. This represents a very large base of seniors who hav~~~iil income potential to support alternative senior housing. In Roseville, there w~I.V.,452 senior households, including 771 seniors age 75 and over, who owned their housing in 1990. More than one-third of all senior homeowners in the study area were living in Rose- ville in 1990. The next largest senior homeowner base was Shoreview, with 804 sen- ior households who owned their housing in 1990. TABLE 10 STUDY AREA HOUSEHOLD TENURE 1990 Age 6S and Over Age 75 and Over-- -Own- -Rent- -Own-':" --Rent- Total No. Pet No. Pet. Total No. Pet No. Pet Roseville 3,396 2,452 72.2 944 27.8 1,336 771 57.7 565 42.3 Arden Hills 415 367 88.4 48 11.6 134 107 79.9 27 20.1 Falcon Heights 490 431 88.0 59 12.0 223 194 87.0 29 13.0 Lauderdale 133 120 90.2 13 9.8 58 49 84.5 9 15.5 Little Canada 629 476 75.7 153 24.3 251 163 64.9 88 35.1 Mounds View 490 400 81.6 90 18.4 131 92 70.2 39 29.8 New Brighton 1,115 771 69.1 344 30.9 414 203 49.0 211 51.0 St. Anthony 1,152 774 67.2 378 32.8 472 251 53.2 221 46.8 Shoreview 867 804 92.7 63 73 ' 197 170 86.3 27 13.7 Vadnais Heights 309 281 90.9 ~ 9.1 ~ ~ 87.2 -1! 12.8 Study Area Total 8,996 6,876 76.4 2,120 23.6 c 3,302 2,075 62.8 1,227 37.2 Metro Area 144,507 102,375 70.8 43,132 29.8 63,806 38,427 60.2 25,379 39.8 Sources: Bureau of the Census, 1990 U.S. Census of Population and Housing. Maxfield Research Group, Ine. Study Area Housing Values Table 11 shows housing value data for resale single family homes in the study area. The data was compiled the Regional Multiple Listing Service (MLS) which includes more than 90 percent of the resale homes in the metropolitan area. The table pre- sents data on number of sales, median and average selling price and average market time for the four MI.S districts that cover the study area as well as for Region L consisting of Ramsey and Anoka Counties. This data is important because it indicates the strength of the real, estate market in the area and illustrates the potential added income that seniors would receive from investing the proceeds of the sale of their home. For example, if a senior were to sell their home for' $90,000, resulting in net proceeds of $83,700 (the sale price less 7 percent marketing fee), the monthly income from an investment yielding just 5 percent. would be roughly $350. This income could be used dollar for dollar to support alternative senior housing. p