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Ramsey Senior Housing Market Study
<br />
<br />January 1998
<br />
<br />Households
<br />
<br />Household growth trends are more important indicators of housing demand than population trends because
<br />households represent actual occupied housing units. In addition, demand for senior housing is related to
<br />overall household growth, as younger households affect demand for senior's existing homes.
<br />
<br />From 1980 to 1995, the Primary and Secondary Study Areas experienced significant household growth
<br />with both Study Areas experiencing substantial increases in number of households. The Market Study
<br />Areas increased by 6,741 households or 61.4 percent, from 10,986 households in 1980 to 17,727
<br />households in 1995. Ramsey increased it's household base from 2660 households in 1980 to 4788
<br />households in 1995, an increase of 2128 households or 80 percent.
<br />
<br />A comparison of Table I and 2 shows that the rate of household and population growth was similar in the
<br />Market Study Areas. Typically, household growth rates that are greater than population growth rates can
<br />be explained by social and demographic factors, notably the aging of the baby boom population, persons
<br />bom between 1946 and 1964. As this generation aged, they moved out of their parents homes to form
<br />households of their own. Thus, the parents' households became smaller and the new households consisted
<br />of one or two persons in most cases. In addition, increasing numbers of divorces, seniors living longer, and
<br />couples decisions to have fewer children or no children, resulted in declining household size and thus,
<br />households increased without corresponding population increases. However, the study area's similar
<br />growth rates indicates many families with children are moving into the study area.
<br />
<br />The household growth in the Market Study Areas is forecast to increase significantly from 1995 to 2000.
<br />The Market Study Areas are forecast to see a household increase of 2,673 households, or 15 percent during
<br />the next five years to a total of 20,400 households by 2000. Ramsey is expected to add 812 households, a
<br />growth of 17 percent, for a total of 5,600 households by the year 2000.
<br />
<br /> U.S. Census Claritas, Inc. Change
<br /> Metropolitan Council
<br />
<br /> 1980 1990 1995 2000 2010 1980-1995 1995-2000
<br />
<br /> NO. PCT. NO. PCT.
<br />Primary Study Area 3,551 5,134 6,302 7,750 10,150 2,751 77.5 1,448 23.0
<br />Ramsey, St. Francis,
<br />Bums Twp.
<br />Secondary Study Area 7,435 10,112 11,425 12,650 14,167 3,990 53.7 1,225 10.7
<br />Anoka, Elk River
<br />Study Area Totals 10,986 15,246 17,727 20,400 24,317 6,741 61.4 2,673 15
<br />City of Ramsey 2,660 3,620 4,788 5,600 7,500 2,128 80.0 812 17.0
<br />
<br />Source: [J.S. Census Population and Housing, 1980 and 1990: Metropolitan Council Community Partners Research, Inc.;
<br /> Minnesota State Demographer; Claritas, Inc.;
<br />
<br />Community Partners Research, Inc. 14
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