Laserfiche WebLink
Senior Housing Demand Assessment: Ramsey, MN <br />Demand Summary <br />With a growing senior population in the PMA (+31% from 2025 to 2030), additional senior <br />housing units are likely to be needed in Ramsey. The demand calculations for senior housing <br />are summarized in Table 12. Total market rate demand in the PMA for the three service levels <br />of housing is projected to be 573 units in 2030, up from 429 units in 2025 (+34%). After <br />subtracting competitive supply, unmet demand in the PMA for the three service levels <br />combined is calculated for 254 units currently, increasing to 398 units in 2030. <br />No one location or property can capture all the demand in a PMA. It is estimated that the <br />subject Site in Ramsey can capture 60% of the PMA demand. In 2030, this equates to potential <br />on the Site for 130 independent units, 62 assisted living units, and 47 memory care units, for a <br />total of 239 units. In addition to market rate units, demand is also projected on the Site for 90 <br />Elderly Waiver assisted living and memory care units in 2030. <br />Market Rate <br />Independent <br />Assisted Living <br />Memory Care <br />Total <br />Elderly Waiver <br />Assisted Living <br />Memory Care <br />Total <br />Market Rate <br />Independent <br />Assisted Living <br />Memory Care <br />Total <br />Table 12 <br />Summary of Demand Calculations <br />Primary Market Area, 2025 to 2030 <br />Total Unmet Unmet <br />PMA Competitive PMA Demand <br />Demand Supply Demand at Site <br />2025 <br />204 <br />133 <br />91 <br />429 <br />66 <br />62 <br />128 <br />48 <br />83 <br />43 <br />174 <br />15 <br />8 <br />22 <br />157 <br />50 <br />48 <br />254 <br />51 <br />54 <br />106 <br />94 <br />30 <br />29 <br />153 <br />31 <br />33 <br />63 <br />2030 <br />264 <br />187 <br />121 <br />573 <br />48 <br />83 <br />43 <br />174 <br />216 <br />104 <br />78 <br />398 <br />130 <br />62 <br />47 <br />239 <br />Elderly Waiver <br />Assisted Living 92 15 77 46 <br />Memory Care 81 8 73 44 <br />Total 173 22 151 90 <br />Source: Viewpoint Consulting Group, Inc. <br />Viewpoint Consulting Group, Inc. <br />Page 24 <br />November 5, 2025 <br />