Laserfiche WebLink
Senior Housing Demand Assessment: Ramsey, MN <br />Table 7 <br />Independent Senior Housing Demand Calculation <br />Primary Market Area <br />2025 and 2030 <br />2025 2030 <br />A 65 to 74 Households in the PMA 1,735 2,005 <br />B Percent income -qualified 83% 83% <br />C Potential penetration rate of independent living housing 1.0% 1.0% <br />D Income -qualified 65-74 households in the PMA (A x B x C) 14 17 <br />E 75+ Households in the PMA 1,049 1,364 <br />F Percent income -qualified 68% 69% <br />G Potential penetration rate of independent living housing 18% 18% <br />H Income -qualified 75+ households in the PMA (E x F x G) 129 168 <br />I Total demand for independent housing from the PMA (D + H) 143 185 <br />J Estimated percent of demand from outside the PMA <br />K Total demand for independent living units in the PMA (I / (1- J)) <br />L Competitive independent living supply* <br />M Unmet independent living demand in the PMA (K - L) <br />N Estimated percent of unmet demand capturable by Site <br />0 Independent living demand on the Site (M x N) <br />* Competitive units minus a 5% vacancy factor. <br />Source: Viewpoint Consulting Group, Inc. <br />Viewpoint Consulting Group, Inc. <br />30% 30% <br />204 264 <br />48 48 <br />157 216 <br />60% 60% <br />94 130 <br />Page 15 <br />November 5, 2025 <br />