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City of Ramsey 2030 Comprehensive Plan Update <br />Chapter 7: Housing Plan <br />C. Housing Demand <br />Age <br />The age structure of the population of Ramsey and surrounding areas will have an important impact on <br />housing type, style, and price points that current and future residents will demand. It is important to examine <br />the age distribution of current Ramsey residents because they will also affect demand for certain types of <br />housing as their age and family composition changes. Figure 6 below shows the age of Ramsey residents, <br />aggregated to examine "life cycle" categories. This chart shows that all age groups have gained population <br />from 1990 to 2000. The categories of Children, Middle Adults, and Older Adults have shown the largest <br />increases. The Senior and Young Adult categories increased only incrementally. The chart indicates that the <br />largest categories had the highest percentage gains. The Older Adult category more than doubled in <br />population from 1990 to 2000. This trend will continue as the Baby Boomers move into the 45 to 64 age <br />category over the next 20 years. <br />7,000 <br />6,000 <br />5,000 <br />4,000 <br />3,000 <br />2,000 <br />1,000 <br />0 <br />Figure 6: Ramsey Residents within Life Cycles (Number) <br />Children <br />O to 17 <br />Ramsey Residents by Age <br />Young Adults <br />18 to 24 <br />Middle Adults <br />25 to 44 <br />Source: 2000 US Census Data (aggregated) <br />Older Adults <br />45-64 <br />Seniors <br />65+ <br />®1990 <br />■ 2000 <br />This trend is typical of the metropolitan area, and will have a significant impact on the type of housing that <br />will be in Ramsey in the future. Empty -nesters and pre -retirees often seek to downsize their living space and <br />seek lower maintenance housing options. The demand for association -maintained and one -level living will <br />only increase over the next twenty years in Ramsey as these age groups desire different housing styles. <br />However, it is also important to remember that some empty -nesters and seniors will desire to stay in their <br />existing home, and over time may require assistance to do so. Ramsey will need to continue diversifying its <br />City of Ramsey 2030 Comprehensive Plan Page 7-10 <br />