Housing

C o m m u n i t y I n d i c a t o r s f o r t h e T w i n P o r t s R e g i o n

Housing ...

The housing indicators focus on housing cost (median home sales price, average rent), affordability (percent of income spent on housing), and availability (homeownership rates, rental housing vacancy rates, and number of persons on waiting lists for subsidized housing).

Why are these housing indicators important?

  Homeownership rate measures the level of homeownership within the community, and
  indicates the demand for housing units. Median Home Sales Price measures the cost at
  which half the houses sold cost more than this amount and half cost less. Median Home
  Sales Price provides information as to the affordability of owner occupied homes in the
  community. Section 8 waiting lists are an indicator of people seeking affordable rental
  housing within the community. If the number continues to grow, it would indicate that
  fewer units are available.

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