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9 <br />I� <br />II <br />I� <br />�3 <br />]� <br />15 <br />16 <br />IJ <br />L #� <br />L4 <br />x� <br />�L <br />�� <br />2� <br />�4 <br />�� <br />�� <br />2� <br />�$ <br />�� <br />�� <br />3l <br />�� <br />�3 <br />34 <br />�� <br />�� <br />�� <br />�� <br />�� <br />�� <br />41 <br />�� <br />�3 <br />�4 <br />�5 <br />� <br />�� <br />Value Summary: <br />The average per-unit value of condominium units is about $110,000; average townhome <br />unit values are higher at approximately $155,000 per unit. Senior ownership apartments <br />are slightly below condo values, at about $106,000 per apartment. The highest value units <br />are condos in Planning District 12 (at over $306,000 per unit), adjacent to the highest <br />value single-family housing in the city. The lowest value units are the condos with the <br />preponderance of children in Planning District 6, where per-unit value is under $50,000. <br />The townhomes are more evenly distributed in value between $100,000 and $200,000 per <br />unit throughoutthe community. The values are based upon Ramsey County Tax <br />Assessment Date, 2003. <br />l�V�F�7= �TrIA�T � �r-�ri� �hu� ��ip +.tni� #� � a� ��� � <br />Income: <br />The average income per household varies quite substantially across the differenttypes of <br />ownership units. Condo owners earn an average of about $40,000 per household, while <br />senior apartment owners earn an average of under $27,000. Townhome owners, <br />meanwhile, earn an average of over $92,000 per household— more than double the condo <br />owners' incomes. <br />Diversity: <br />Senior apartments (ownership) have the least racial diversity of the various ownership <br />types. They have nearly 97 percent white residents, just over 1 percent Asian American <br />residents, and just under 1 percent African Americans. The senior complexes have no <br />minority representation above 5 percent across all racial minority categories. <br />Condo units are the most diverse of the ownership types, with about 13 percent of the <br />residents being people of color. African Americans comprise nearly 8 percent of condo <br />owners, and Asian Americans represent nearly 3 percent. Townhomes in Roseville are <br />owned by nearly 90 percent white residents. Minority townhome owners are more likely <br />to be Asian American (over 5 percent), than African American (under 2 percent). <br />2. <br />2. a. <br />Rental Unit Summary: <br />Units Designated for Seniors: <br />There are over 700 senior residents living in four rental apartment complexes that are <br />designated for seniors. Most of them live alone; the average number of persons per <br />household in these units is 1.1 L The residents are predominantly over the age of 85, <br />though many are between ages 75 and 84. <br />Tenure and Moving Trends: <br />About a quarter of the seniors who moved into senior rental units in the past few years <br />(between 1999 and 2002) moved from other residences in Roseville. About 16 percent of <br />the seniors moved from elsewhere in the 11-county area, and just a handful moved from <br />other addresses in the I-35W Corridor cities. The majority of the senior renters moved <br />MULTIFAMILY HOUSING REPORT FOR ROSEVILLE - DRAFT 8/16/04 Page 10 <br />