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TABLE OF CONTENTS <br />Page <br />PURPOSE AND SCOPE OF STUDY 1 <br />SITE EVALUATION 2 <br />Potential Housing Site Locations 2 <br />Appropriateness of Sites for Multifamily Housing 5 <br />DEMOGRAPHIC ANALYSIS 6 <br />Market Area Definitions 6 <br />Population and Household Growth Trends and Projections 7 <br />Population Age Distribution Trends 8 <br />Household Income by Age of Householder 10 <br />Homeownership Rate Trends 14 <br />Household Type 16 <br />Employment Growth Trends and Projections 18 <br />Summary 21 <br />FOR -SALE HOUSING MARKET CONDITIONS 23 <br />Introduction 23 <br />Housing Values 23 <br />Current Supply of Homes on the Market 29 <br />Actively Marketing Affordable For -Sale Communities 30 <br />Planned and Proposed Housing Communities 34 <br />RENTAL HOUSING MARKET CONDITIONS 38 <br />Introduction 38 <br />Competitive Subsidized Rental Communities 38 <br />Competitive Market Area Rental Communities 40 <br />Summary — Rental Housing Market Analysis 44 <br />INDEPENTENT SENIOR HOUSING MARKET CONDITIONS 45 <br />Introduction 45 <br />Competitive Market Area Senior Housing Communities 45 <br />Planned and Proposed Senior Housing Communities 49 <br />Summary — Competitive Senior Housing Communities 49 <br />HOUSING DEMAND ANALYSIS 51 <br />Introduction 51 <br />Workforce Housing Demand Analysis 51 <br />Adult Few Services Senior Housing Demand Analysis 53 <br />