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Consultant: Florence needs roughly 500 new units in next five years and a larger housing gap of about 6,000
Summary
Bowen National Research presented a housing study showing low vacancy, high housing cost burdens and an estimated five-year need of at least 500 new units; the consultant said the broader 5-year housing gap could be 'about 6,000' units and urged a coordinated local strategy.
Patrick Bowen, principal of Bowen National Research, told the Florence City Council that the city faces both immediate rental shortages and a longer-term housing shortfall. "You are gonna need at least 500 new units over the next 5 years," Bowen said during a presentation of the consultant’s market-area analysis. He also summarized the study’s larger gap estimate as "about 6,000" units (the presenter referenced "6,016" on the study slides).
The study, commissioned by the council and presented to members and staff, analyzed demographic trends, housing supply and affordability across five submarkets that include the city and immediate surrounding areas. Bowen singled out South and West Florence as the primary growth areas and flagged seniors (age 75+) as a fast-growing household type that will increase demand for age‑appropriate housing and care facilities.
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