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ANOKA COUNTY HOUSING STUDY <br />CONCLUSIONS <br />ST. FRANCIS SUBMARKET SUMMARY <br />St. Francis <br />Anoka County <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 />4,910 - 7,555 - 9,635 298,189 - 344,250 - 387,445 <br />1,638 - 2,650 - 3,540 106,476 - 125,470 - 144,140 <br />890 18,670 <br />8.8% <br />$65,582 <br />9.9% <br />100.0% <br />$74,497 <br />12.7% 15.0% 19.6% <br />84.4% <br />24.6% <br />For -Sale Housing <br />Median single-family home resale price (2010) $145,000 <br />Median townhome resale price (2010) <br />$89,500 <br />$167,000 <br />$126,000 <br />Average number of new construction units closed annually 34 1,095 <br />Existing vacant developed lots (3rd Quarter 2010) 257 3,504 <br />Ratio closings to vacant developed lots (2006 / 2008 / 2010) 0.24 - 0.09 - 0.10 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 />0 - -- 7,251 - 4.7% <br />54 - 4.3% 632 - 4.5% <br />42 - 0.0% 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 />345 <br />Single -Family <br />625 <br />Move -up <br />250 <br />21 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.0% 1,172 - 0.8% <br />1,049 - 5.6% <br />240 - 3.0% <br />490 - 2.2% <br />555 - 0.9% <br />164 - 0.0% <br />St. Francis Submarket General Occupancy Housing Demand <br />2010 to 2020 <br />I For -Sale Demand I <br />735 <br />Executive <br />30 <br />II <br />e- • <br />Demand <br />865 <br />Multifamily <br />110 <br />Modest I I Move -up <br />90 20 <br />Deep Subs. <br />60 <br />Rental Demand <br />130 <br />Shallow <br />20 <br />Market Rate <br />50 <br />Note: Because households are mobile and are willing to seek out various housing products in adjacent <br />communities, these demand figures may experience fluctuations. <br />MAXFIELD RESEARCH INC. 137 <br />