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Ramsey Senior Housing Market Study <br /> <br />January1998 <br /> <br />Senior Population Growth Trends <br /> <br />Table 4 identifies the population for persons age 55 and over in 1990, the estimated 1997 population and <br />the projected population in 2002 for the Market Study Areas and Ramsey. <br /> <br />The Study Area's senior population increased by 2755 persons or 50.6 percent from 1990 to 1997 with <br />5,448 persons in 1990 and 8,203 persons in 1997. Ramsey's population increased by 1,207 persons or 193 <br />percent from 626 in 1990 to 1,833 in 1997. <br /> <br />The Study Area's senior population is projected to increase by 2,869 persons or 35 percent from 1997 to <br />2002 with 8,203 persons in 1997 and a projection of 11,072 in 2002. Ramsey's senior population is <br />projected to increase from 1,833 persons in 1997 to 3,115 persons in 2002 which is an increase of 1,282 <br />person or 70 percent. <br /> <br /> U.S. Census Change <br /> 1990 1997 2002 1990-1997 1997-2002 <br /> <br /> NO. PCT. NO. PCT <br />Primary Study Area Ramsey, 1,033 2,646 4,326 1,613 156.1 1,680 63.5 <br />St. Francis, Bums Twp. <br />Secondary Study Area Anoka, Elk 4,415 5,557 6,746 1,142 25.7 1,189 21.4 <br />River <br />Study Area Totals 5,448 8,203 11,072 2,755 50.6 2,869 35 <br />City of Ramse¥ 626 17833 37115 1~207 193.0 1~282 70.0 <br /> <br />Source: Claritas, Inc.; Community Research Partners, Inc. <br /> <br />Senior Household Growth Trends <br /> <br />As with household trends overall, senior household trends are a better indicator of senior housing demand <br />than senior population trends because households represent actual occupied housing units. Table 5 <br />indicates the number of households age 55 and older for the Study Areas and for Ramsey as well as the <br />estimated 1997 households and projected households for the year 2002. <br /> <br />The Market Study Areas senior household base (55 and Over) has increased by 1,299 households or 39.3 <br />percent over the past seven years from 3,305 in 1990 to 4,604 in 1997. Ramsey's senior households have <br />increased by 630 persons or 170 percent from 372 in 1990 to 1,002 in 1997. This is a very substantial <br />increase. <br /> <br />The Study Areas senior households are projected to continue to grow from 1997 to 2002 with a projected <br />increase of 1,508 households or 32.8 percent from 4,604 in 1997 to 6,112 in 2002. Ramsey's senior <br />households are projected to increase from 1,002 in 1997 to 1,677 in 2002 which is an increase of 675 <br />households or 67.4 percent. <br /> <br />Community Partners Research, Inc. 16 <br /> <br /> <br />