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HOUSING CHARACTERISTICS <br />• Approximately 12% of housing units in the City of Ramsey were renter occupied in the 2017, <br />compared to a moderately higher percentage in Anoka County (19%) and the Metro Area <br />(30%). <br />• About 3.2% of Ramsey's housing stock was vacant in 2010 and decreased to 2.5% in 2017. <br />It is important to note, however, that the Census's definition of vacant housing units in- <br />cludes: units that have been rented or sold, but not yet occupied, seasonal housing (vaca- <br />tion or second homes), housing for migrant workers, and even boarded -up housing. Thus, <br />the U.S. Census vacancy figures are not always a true indicator of adequate housing availa- <br />ble for new households wishing to move into the area. <br />TABLE HC-6 <br />HOUSING UNITS BY OCCUPANCY STATUS & TENURE <br />RAMSEY ANALYSIS AREA <br />2010 & 2017 <br />City of Ramsey <br />Occupancy 1 No. <br />Anoka County <br />Pct. 1 1 No. <br />Metro Area <br />Pct. 1 1 No. <br />Pct. <br />2010 <br />Owner Occupied 7,349 88.5 99,258 78.3 782,475 65.9 <br />Renter Occupied 684 8.2 21,969 17.3 335,274 28.2 <br />Vacant 269 3.2 5,461 4.3 69,237 5.8 <br />Total 8,302 100.01 126,688 100.01 1,186,986 100.0 <br />2017 <br />Owner Occupied 7,580 85.1 100,959 77.5 797,434 65.3 <br />Renter Occupied 1,105 12.4 25,113 19.3 370,234 30.3 <br />Vacant 226 2.5 4,178 3.2 53,811 4.4 <br />Total 8,911 100.01 130,250 100.01 1,221,479 100.0 <br />Sources: U.S. Census Bureau; American Community Survey; Maxfield Research & Consulting, LLC <br />Renter -Occupied Units by Contract Rent <br />Table HC-7 presents information on the monthly housing costs for renters called contract rent <br />(also known as asking rent). Contract rent is the monthly rent agreed to regardless of any utili- <br />ties, furnishings, fees, or services that may be included. <br />• The median contract rent in Ramsey was $1,219 and $936 in Anoka County. Based on a <br />30% allocation of income to housing, a household in Ramsey would need an income of <br />about $48,760 to afford an average monthly rent of $1,219. <br />• Approximately 75% of Ramsey renters have monthly rents over $1,000, 19% of renters pay- <br />ing between $750 and $999, 4% of renters pay less than $749. <br />MAXFIELD RESEARCH AND CONSULTING 42 <br />