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Saint Croix County housing study: county needs 4,300—6,000 new units by 2050 as affordability worsens
Summary
An EDC presentation to the county board says population growth, an aging population and steep price increases have left vacancy rates near zero and create a need for 4,300—6,000 new housing units by 2050; the study points to construction costs and out-of-state buyers as key drivers.
Melissa Meschke, executive director of the Saint Croix Economic Development Corporation, told the County Board on Dec. 2 that a recently completed housing study estimates a net need of 4,300 to 4,600 new housing units in Saint Croix County by 2050. "So 4,300 to 4,600 new units by 2050," Meschke said, summarizing the long-term unit gap.
The study, a roughly 300-page report funded by municipalities and county partners, finds the county's population is projected to keep growing while aging: the 65-and-older group is projected to increase about 86% by 2050 and average household size is expected to decline toward roughly 2.4 persons per…
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