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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />Demographic Profile and Housing Demand <br />The demographic profile in Anoka County will affect housing demand and the types of housing <br />that are needed. The various household types are: <br />1. Entry-level householders <br />• Often prefer to rent basic, inexpensive apailinents <br />• Usually singles or couples in their early 20's without children <br />• Will often "double -up" with roommates in apartment setting <br />2. First-time homebuyers and move -up renters <br />• Often prefer to purchase modestly -priced single-family homes and <br />townhomes or rent more upscale apartments <br />• Usually married or cohabiting couples, some with children, in their <br />mid-20's or 30's <br />3. Move -up homebuyers <br />• Typically prefer to purchase newer, larger, and therefore more <br />expensive single-family homes <br />• Typically families with children where householders are in their late <br />30's to 40's <br />4. Empty -nesters (persons whose children have grown and left home) and never - <br />nesters (persons who never have children) <br />• Prefer owning and some will move to alternative lower -maintenance <br />housing products <br />• Generally couples in their 50's or 60's <br />5. Younger independent seniors <br />• Prefer owning but will consider renting their housing <br />• Some will move to alternative lower -maintenance housing products <br />• Will often move (at least part of the year) to retirement havens in the <br />Sunbelt and desire to reduce their responsibilities for upkeep and <br />maintenance <br />• Generally in their late 60's or 70's <br />6. Older seniors <br />• May need to move out of their single-family home due to physical <br />and/or health constraints or a desire to reduce their responsibilities for <br />upkeep and maintenance <br />• Generally single females (widows) in their mid-70's or older <br />Demand for housing can come from several sources including: household growth, changes in <br />housing preferences, and replacement need. Household growth necessitates building new <br />housing unless there is enough desirable vacant housing available to absorb the increase in <br />MAXFIELD RESEARCH INC. 106 <br />