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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />LINO LAKES & CENTERVILLE SUBMARKET SUMMARY <br />Lino Lakes & Centerville <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 />19,993 - 24,925 - 29,225 298,189 - 344,250 - 387,445 <br />5,934 - 7,615 - 9,450 106,476 - 125,470 - 144,140 <br />1,835 18,670 <br />7.8% <br />$94,442 <br />11.9% - 16.7% <br />98.3% <br />15.0% <br />$74,497 <br />19.6% <br />84.4% <br />24.6% <br />For -Sale Housing <br />Median single-family home resale price (2010) $226,500 <br />Median townhome resale price (2010) <br />$130,750 <br />$167,000 <br />$126,000 <br />Average number of new construction units closed annually 87 1,095 <br />Existing vacant developed lots (3rd Quarter 2010) 225 3,504 <br />Ratio closings to vacant developed lots (2006 / 2008 / 2010) 0.49 - 0.39 - 0.20 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 />O -- 7,251 - 4.7% <br />60 0.0% 632 - 4.5% <br />O -- 418 - 0.0% <br />$926 <br />836 <br />$1.11 <br />Senior Housing <br />Distribution and vacancy rate** of senior housing units by type <br />Affordable active adult <br />Market rate active adult - rental <br />Market rate active adult - ownership <br />Congregate <br />Assisted living <br />Memory care <br />Modest <br />210 <br />47 - 0.0% 1,172 - 0.8% <br />47 - 6.4% 1,049 - 5.6% <br />O -- 240 - 3.0% <br />O -- 490 - 2.2% <br />42 n/a 555 - 0.9% <br />28 na 164 - 0.0% <br />Lino Lakes & Centerville Submarket General Occupancy Housing Demand <br />2010 to 2020 <br />I Single -Family <br />1,050 <br />1 <br />Move -up <br />630 <br />For -Sale Demand <br />1,505 <br />Executive Modest <br />210 295 <br />Demand <br />1,775 <br />Multifamily <br />455 <br />Move -up I <br />160 <br />Deep Subs. <br />95 <br />Rental Demand <br />270 I <br />Shallow <br />40 <br />Market Rate <br />135 <br />MAXFIELD RESEARCH INC. <br />126 <br />