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ANOKA COUNTY HOUSING STUDY <br />CONCLUSIONS <br />TABLE E-1 (continued) <br />DEMAND FOR GENERAL OCCUPANCY HOUSING <br />ANOKA COUNTY SUBMARKETS <br />2010 to 2020 <br />Ramsey <br />Household growth, 2010 to 2020 3,715 <br />(Minus) Senior housing demand (225) <br />(equals) Demand for general occupancy housing from growth 3,490 <br />Housing units built before 1960 <br />(Times) Estimated replacement rate annually <br />(Times) Number of years, 2010 to 2020 <br />(equals) Demand from replacement needs <br />Total demand for general occupancy housing <br />593 <br />0.5% <br />10 <br />30 <br />3,520 <br />Southern Leg <br />735 <br />(355) <br />380 <br />14,616 <br />0.5% <br />10 <br />731 <br />St. Francis <br />890 <br />(35) <br />855 <br />200 <br />0.5% <br />10 <br />10 <br />865 <br />Anoka <br />County Total <br />18,670 <br />(2,275) <br />16,395 <br />35,400 <br />0.5% <br />10 <br />1,770 <br />18,165 <br />RENTAL HOUSING <br />Estimated renter rate <br />Demand for new general -occupancy rental housing <br />15% 35% 15% 18.5% <br />528 - 389 130 _ 3,360 <br />Percent demand by type: <br />Market rate <br />Shallow subsidy (50-80% AMI) <br />Deep Subsidy (<50% AMI) <br />Numerical demand by type: <br />Market rate <br />Shallow subsidy (50-80% AMI) <br />Deep Subsidy (<50% AMI) <br />50% 30% 40% 46.6% <br />20% 25% 15% 21.7% <br />30% 45% 45% 31.7% <br />264 <br />106 <br />158 <br />117 <br />97 <br />175 <br />52 <br />19 <br />58 <br />1,565 <br />730 <br />1,065 <br />Estimated homeownership rate <br />Demand for new for -sale housing <br />FOR -SALE HOUSING <br />85% 65% <br />2,992 722 <br />Estimated percent demand for SF units <br />Demand for new SF units <br />Percent demand by type: <br />Modest (<$250K) <br />Move -up ($250K-$450K) <br />Executive (>$450K) <br />Numerical demand by type: <br />Modest (<$250K) <br />Move -up ($250K-$450K) <br />Executive (>$450K) <br />60% 15% 85% 68.0% <br />1,795 108 <br />20% 30% 55% 23.1% <br />65% 65% 40% 56.0% <br />15% 5% 5% 20.9% <br />359 <br />1,167 <br />269 <br />Estimated percent demand for MF units 40% <br />Demand for new MF units <br />Percent demand by type: <br />Modest (<$225K) <br />Move -up (>$225K) <br />Numerical demand by type: <br />Modest (<$225K) <br />Move -up (>$225K) <br />3 of 3 <br />Source: Maxfield Research Inc. <br />70% <br />32 <br />70 <br />5 <br />85% <br />80% <br />344 <br />250 <br />31 <br />15% <br />80% <br />2,330 <br />5,630 <br />2,100 <br />32.0% <br />62.3% <br />30% 20% 20% 37.7% <br />838 491 88 2,950 <br />359 123 22 1,785 <br />MAXFIELD RESEARCH INC. 142 <br />