Agenda - Council - 09/13/2016 - Laserfiche WebLink

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DEMOGRAPHIC ANALYSIS Household Type Table 7 shows the changes in the types of households in the Market Area between 1990 and 2000. This data is important in that different household types tend to select different housing products. For example, married couple families with children are more likely to prefer single- family homes. Conversely, single households are more likely to select a multifamily product, ei- ther owned or rented. We discuss the changes in household types in the Market Area and the implications for the development of different housing products. Key points from Table 7 are: • During the 1990s, the Market Area saw an increase in the number of households that are married with children (1,473 households or 7%) and a greater increase in the number of households that are married without children (6,551 households or 50%). This is due to cou- ples waiting longer to have children and baby boomers aging into their empty nester years. Married couples with children still represent the largest household type in the Market Area with 38% of all households, while married couples without children is the second largest household type representing 30% of households in the Market Area. • In the PMA married couples with children increased by 2,029 households or 27%, while in the SMA, married couples with children actually decreased by 556 households or -4%. The primary reason for this is the SMA has an older population, and thus a much greater number of households becoming empty -nesters. • The Market Area saw significant increases in other family households (a gain of 3,222 households or 50%) - which includes single -parents and unmarried couples with children. Roommate households also saw an increase in the Market Area during the 1990s, with an in- crease of 1,410 households (52%). This reflects a societal trend of unmarried couples living together. Many of these households are candidates for affordable rental housing, particularly single parents. • People living alone saw the greatest rate of growth in the Market Area during the 1990s. The number of people living alone grew by 5,310 households (77%). This reflects the increased number of people choosing to remain single, some singles preferring not to have roommates, and an increase in the number of seniors. Because they rely on a single income, these house- holds living alone are strong candidates for affordable rental housing. MAXFIELD RESEARCH INC. 16