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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />COON RAPIDS SUBMARKET SUMMARY <br />Coon Rapids <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 />61,607 - 64,395 - 64,825 298,189 - 344,250 - 387,445 <br />22,578 - 24,325 - 24,495 106,476 - 125,470 - 144,140 <br />170 18,670 <br />$70,017 <br />15.5% - 20.3% <br />98.8% <br />25.6% 15.0% <br />$74,497 <br />19.6% - 24.6% <br />84.4% <br />For -Sale Housing <br />Median single-family home resale price (2010) <br />Median townhome resale price (2010) <br />$145,000 $167,000 <br />$114,450 $126,000 <br />Average number of new construction units closed annually 64 1,095 <br />Existing vacant developed lots (3rd Quarter 2010) 78 3,504 <br />Ratio closings to vacant developed lots (2006 / 2008 / 2010) 1.69 - 0.79 - 0.65 0.53 - 0.23 - 0.21 <br />General Occupancy Housing <br />Distribution and vacancy rate of rental units by type <br />Market rate 2,982 5.0% 7,251 - 4.7% <br />Shallow subsidy 191 3.1% 632 - 4.5% <br />Deep subsidy 178 0.0% 418 - 0.0% <br />Average rent for market rate unit $931 $926 <br />Average square footage for market rate unit 848 836 <br />Average rent per square foot $1.10 $1.11 <br />Senior Housing <br />Distribution and vacancy rate** of senior housing units by type <br />Affordable active adult 210 - 0.0% 1,172 - 0.8% <br />Market rate active adult - rental 64 - 12.5% 1,049 - 5.6% <br />Market rate active adult - ownership 100 - 3.0% 240 - 3.0% <br />Congregate 179 - 1.7% 490 - 2.2% <br />Assisted living 198 - 0.5% 555 - 0.9% <br />Memory care 61 - 0.0% 164 - 0.0% <br />Modest <br />10 <br />Coon Rapids Submarket General Occupancy Housing Demand <br />2010 to 2020 <br />Demand <br />195 <br />For -Sale Demand <br />125 <br />Single -Family I I Multifamily <br />55 70 <br />I , <br />Move -up I I Executive Modest Move -up <br />30 15 25 45 <br />Deep Subs. <br />20 <br />Rental Demand <br />70 <br />I <br />Shallow <br />15 <br />Market Rate <br />35 <br />MAXFIELD RESEARCH INC. <br />119 <br />