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I though more likely they are moving from elsewhere in the 11-county metra When � residents move out of apartments in Roseville, about half of them then move into another � rental apartmentwhile the other half buys single-familydwellings, the two most common � options for households transitioning out of their apartments. 4 �a Building Values: 7 The a�erage taY value of multifamilyhousing of all types (meaning value of buildingper � the number of units in the complex including condos, townhomes and apartments) is {� $66,000, but the a�erage tax value for the apartmentbuildings is appro�nately $56,000. �� The a�erage value for apartments County wide is $50,000. However,l3 percent (559 ] 1 units) of Roseville's complexes ha�e a value under $50,000 with an a�erage value per ] � unit of $42,600. !� I� I� 1� 17 I� I� �� �1 2� �� �4 ��c �� �? �� �� �� 3l Income: Household incomes in the apartments are correspondingly less than the incomes of residents of other types of multifamilyhousing, particularly incomes in ownership units. Incomes a�erage just around $30,000 per household in the apartments, while the a�erage across all of the multifamilyunits is over $37,000. The medianhousehold income in 1999 was $51,056 with an estirnated median income in 2002 of $56,000. Diversity: Regarding race in the city, apartments are more diverse in their demographic makeup than other multifamilyhousing, though the apartments are still just under 80 percent white non-Hispanic, compared to 82.5 percent white, non-Hispanic residents in the overall multifamilyhousing spectrum. Asians comprise the largest segment of nonwhite residents at nearly 8 percent of the apartmentpopulation; the next largest community of color dwelling in the apartments is African Americans at 5.8 percent. These figures correspond fairly closely with diversity in the overall multifamilyhousing market in Roseville. MULTIFAMILY HOUSING REPORT FOR ROSEVILLE - DRAFT 8/16/04 P� 12