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(nearly 60 percent of all apartments in the city are one-bedroom) and nearly 40 percent of the apartments are two-bedroom units; the remaining slivers are efficiencies and a handful of 3-bedroom (31 units) and 4-bedroom (1 unit) apartments. � � Tenure/Moving Trends: 6 Length of time at current address indicates fairly rapid turnover of units; over 60 percent � of the apartments have changed hands in less than four years. There are signs of stability, � however; nearly a quarter of the apartment households have lived in their units between 5 4 and 9 years. IQ I] �� 93 I� !� 16 I� 9B 19 �� �I �� �3 �� �� �� �� 3l 33 35 37 �� �l �� �S �� �� �l �J �� �� �� �� When people move into a Roseville apartment, they are usually moving from another apartment setting. Sometimes they are moving %m other apartments in Roseville, though more likely they are moving from elsewhere in the 11-county metro. When residents move out of apartments in Roseville, about half of them then move into another rental apartment while the other half buys single-family dwellings, the two most common options for households transitioning out of their apartments. Building Values: The average taY value of multifamily housing of all types (meaning value of building per the number of units in the complex including condos, townhomes and apartments) is $66,000, but the average tax value for the apartment buildings is approximately $56,000. The average value for apartments County wide is $50,000. However, 13 percent (559 units) of Roseville's complexes have a value under $50,000 with an average value per unit of $42,600. Income: Household incomes in the � apartments are � Rosev�e M�ucIN-Femily Study correspondingly less than the �i�.�, . incomes of residents of other types of multifamily housing, s�.� particularly incomes in � yea.�ea � ownership units. Incomes E _ average just around $30,000 � � '� per household in the apartments, while the average � across all of the multifamily units is over $37,000. The �0 median household income in �,,,�, ��B„BUd,,,,, 1999 was $51,056 with an estimated median income in 2002 of $56,000 �m.rvk� � ��• Aparhnents S�nlpr Condom{rtlums Townhomes Sirple Famlly ,�•�� Fn�cl�e ��e Fanwl� �� �� Diversity: � Regarding race in the city, apartments are more diverse in their demographic makeup fr L than other multifamily housing, though the apartments are still just under 80 percent 6� white non-Hispanic, compared to 82.5 percent white, non-Hispanic residents in the 6� overall multifamily housing spectrum. Asians comprise the largest segment of nonwhite MULTIFANIILYHOUSING REPORT FOR ROSEVILLE • DRAFT 8� 16/04 I�� 13