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HOUSING CHARACTERISTICS <br />• Approximately 81% of Ramsey homeowners have a mortgage. About 18% of homeowners <br />with mortgages in Ramsey also have a second mortgage and/or home equity loan. These <br />numbers are slightly higher compared to Anoka County and the Metro Area where approxi- <br />mately 14% of homeowners in Anoka County and in the Metro Area have a mortgage. <br />• The median value for homes with a mortgage for the City of Ramsey homeowners is approx- <br />imately $221,100, while the median value for homes without a mortgage are $1,800 higher <br />at $222,900. Housing units with a mortgage are 5% higher than those in Anoka County but <br />12% lower when compared to the Metro Area. Housing units with without mortgage are <br />16% higher than those in Anoka County but 5% lower when compared to the Metro Area. <br />TABLE HC-5 <br />OWNER -OCCUPIED HOUSING UNITS BY MORTGAGE STATUS <br />RAMSEY ANALYSIS AREA <br />2017 <br />Mortgage Status <br />Housing units without a mortgage <br />Housing units with a mortgage/debt <br />Second mortgage only <br />Home equity loan only <br />Both second mortgage and equity loan <br />No second mortgage or equity loan <br />Total <br />Median Value by Mortgage Status <br />Housing units with a mortgage <br />Housing units without a mortgage <br />City of Ramsey <br />No. <br />Pct. <br />Anoka County <br />No. <br />Pct. <br />Metro Area <br />No. <br />Pct. <br />1,450 19.1 26,273 26.0 220,774 27.7 <br />6,130 80.9 74,686 74.0 576,660 72.3 <br />354 4.7 4146 4.1 28655 3.6 <br />932 12.3 9,662 9.6 83,238 10.4 <br />50 0.7 579 0.6 4077 0.5 <br />4,794 63.2 60,299 59.7 460,690 57.8 <br />7,580 100.0 100,959 100.0 797,434 100.0 <br />$221,100 <br />$222,900 <br />$210,200 <br />$190,100 <br />$249,300 <br />$234,900 <br />Sources: U.S. Census Bureau; American Community Survey; Maxfield Research & Consuilting, LLC <br />Housing Units by Occupancy Status & Tenure <br />Tenure is a key variable that analyzes the propensity for householders to rent or own their <br />housing unit. Tenure is an integral statistic used by numerous governmental agencies and pri- <br />vate sector industries to assess neighborhood stability. The Follow are key points from Table <br />HC-6: <br />• The City of Ramsey had a larger portion (85%) of the City's housing stock devoted to owner <br />occupied units in 2017 than Anoka County (77%) and the Metro Area (65%). <br />MAXFIELD RESEARCH AND CONSULTING 55 <br />