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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />ANOKA SUBMARKET SUMMARY <br />Anoka <br />Demographics <br />Population (2000 / 2010 / 2020) <br />Households (2000 / 2010 / 2020) <br />Household Growth (2010 to 2020) <br />Median Household Income (2010) <br />Pct. Population Age 55+ (2000 / 2015 / 2020) <br />Homeownership Rate (2010) <br />18,076 - 18,015 - 18,470 298,189 - 344,250 - 387,445 <br />7,262 - 7,485 - 7,905 106,476 - 125,470 - 144,140 <br />420 18,670 <br />$53,940 $74,497 <br />19.5% - 23.7% 29.0% 15.0% 19.6% <br />74.4% 84.4% <br />24.6% <br />For -Sale Housing <br />Median single-family home resale price (2010) $134,500 <br />Median townhome resale price (2010) <br />$98,500 <br />$167,000 <br />$126,000 <br />Average number of new construction units closed annually 18 1,095 <br />Existing vacant developed lots (3rd Quarter 2010) 0 3,504 <br />Ratio closings to vacant developed lots (2006 / 2008 / 2010) 0.90 - 0.00 - 0.00 0.53 - 0.23 - 0.21 <br />General Occupancy Housing <br />Distribution and vacancy rate of rental units by type <br />Market rate <br />Shallow subsidy <br />Deep subsidy <br />Average rent for market rate unit <br />Average square footage for market rate unit <br />Average rent per square foot <br />1,098 - 5.2% 7,251 - 4.7% <br />122 - 5.6% 632 - 4.5% <br />52 - 0.0% 418 - 0.0% <br />$953 $926 <br />842 836 <br />$1.13 $1.11 <br />Senior Housing <br />Distribution and vacancy rate** of senior housing units by type <br />Affordable active adult 211 0.0% 1,172 - 0.8% <br />Market rate active adult - rental 57 3.5% 1,049 - 5.6% <br />Market rate active adult - ownership 40 n/a 240 - 3.0% <br />Congregate 168 3.6% 490 - 2.2% <br />Assisted living 14 0.0% 555 - 0.9% <br />Memory care 0 -- 164 - 0.0% <br />Modest <br />10 <br />Anoka Submarket General Occupancy Housing Demand <br />2010 to 2020 <br />IFor -Sale Demand I <br />200 <br />Single -Family I Multifamily <br />20 180 <br />I <br />I Move -up I I Executive I I Modest I I Move -up I <br />5 5 100 80 <br />Deep Subs. <br />120 <br />Rental Demand <br />300 <br />Shallow <br />60 <br />Market Rate <br />120 <br />MAXFIELD RESEARCH INC. <br />114 <br />