Agenda - Planning Commission - 09/01/2016

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RENTAL HOUSING MARKET CONDITIONS TABLE 20 SELECTED NEWER RENTAL COMMUNITIES RAMSEY MARKET AREA January 2006 Date No.of Monthly Rent/Fees Community/Location Opened Units Vacant Unit Mix Unit Size Rent/Fees per Sq.Ft. Cutters Grove 1988 238 12 4 -Studio 675 $695 $1.03 2901 Cutters Grove Dr. 99 - 1BR 810 -945 $740 -$885 $0.91 -$0.94 Anoka 129 -2BR 1,050 - 1,225 $855 -$1,045 $0.81 -$0.85 6 -3BR 1,260 $1,280 -$1,380 $1.02 -S1.10 Dellwood Estates II 1993 90 n/a 45 - IBR 940 $699 -$729 $0.74 -$0.78 749 E.River Rd. 45 -2BR 1,100 $799 -$889 $0.73 -$0.81 Anoka Northpointe 1989 161 9 42 - IBR 776 $750 -$780 $0.97 -$1.01 3845 119th Ave. 113 -2BR 1,026 - 1,030 $825 -$975 $0.80 -$0.95 Coon Rapids 6 -3BR 1,210 - 1,226 $1,195 $0.99 -$0.97 Summit Oaks 1988 110 0 53 - IBR 885 - 1,110 $780 $0.88 -$0.70 11750 Tulip 57 -2BR 1,094 - 1,232 $1,000 -$1,150 $0.91 -$0.93 Coon Rapids Wedgewood Park 1992 104 1 1 -Studio 600 $670 $1.12 3393 Northdale 34 - IBR 774 $810 -$830 $1.05 -$1.07 Coon Rapids 43 -2BR 932 -980 $900 -$975 $0.97 -$0.99 8 -3BR 1,155 $1,175 -$1,275 $1.02 -$1.10 Carriage Oaks 1990 336 3 105 - IBR 717 $649 -$734 $0.91 -$1.02 12373 Oak Park 160 -2BR 964 - 1,008 $789 -$938 $0.82 -$0.93 Blaine 32 -3BR 1,330 $1,024 -$1,083 $0.77 -$0.81 Westminster Apts. 1992 72 4 3 - IBR 810 $629 -$700 $0.78 -$0.86 12851 Central Ave. 51 -2BR 935 - 1,200 $659 -$850 $0.70 -$0.71 Blaine 18 -3BR 1,300 $899 -$1,030 $0.69 -$0.79 Champlin Drive 1992 72 11 12 - IBR 550 $599 -$630 $1.09 -$1.15 11817 Champlin Dr. 42 -2BR 950 $650 -$750 $0.68 -$0.79 Champlin 18 -3BR 1,150 $875 -$925 $0.76 -$0.80 Elm Creek 1990 72 5 IF 14 - IBR 720 $665 -$685 $0.92 -$0.95 11715 Champlin Dr. 48 -2BR 920 $795 -$825 $0.86 -$0.90 Champlin 10 -3BR 1,200 $995 -$1,025 $0.83 -$0.85 Souce:Maxfield Research Inc. MAXFIELD RESEARCH INC. 41