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City of Ramsey 2030 Comprehensive Plan Update <br /> Chapter 7:Housing Plan <br /> C. Housing Demand <br /> Age <br /> The age structure of the population of Ramsey and surrounding areas will have an important impact on <br /> housing type, style, and price points that current and future residents will demand. It is important to examine <br /> the age distribution of current Ramsey residents because they will also affect demand for certain types of <br /> housing as their age and family composition changes. Figure 6 below shows the age of Ramsey residents, <br /> aggregated to examine "life cycle" categories. This chart shows that all age groups have gained population <br /> from 1990 to 2000. The categories of Children, Middle Adults, and Older Adults have shown the largest <br /> increases. The Senior and Young Adult categories increased only incrementally. The chart indicates that the <br /> largest categories had the highest percentage gains. The Older Adult category more than doubled in <br /> population from 1990 to 2000. This trend will continue as the Baby Boomers move into the 45 to 64 age <br /> category over the next 20 years. <br /> Figure 6: Ramsey Residents within Life Cycles (Number) <br /> Ramsey Residents by Age <br /> 7,000 <br /> 6,000 <br /> 5,000 <br /> 4,000 <br /> 01990 <br /> ■2000 <br /> 3,000 <br /> 2,000 <br /> 1,000 <br /> 0 <br /> Children Young Adults Middle Adults Older Adults Seniors <br /> 0 to 17 18 to 24 25 to 44 45-64 65+ <br /> Source:2000 US Census Data(aggregated) <br /> This trend is typical of the metropolitan area, and will have a significant impact on the type of housing that <br /> will be in Ramsey in the future. Empty-nesters and pre-retirees often seek to downsize their living space and <br /> seek lower maintenance housing options. The demand for association-maintained and one-level living will <br /> only increase over the next twenty years in Ramsey as these age groups desire different housing styles. <br /> However, it is also important to remember that some empty-nesters and seniors will desire to stay in their <br /> existing home, and over time may require assistance to do so. Ramsey will need to continue diversifying its <br /> City of Ramsey 2030 Comprehensive Plan Page 7-10 <br />