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Presenter flags housing occupancy, cost burdens and limited multifamily growth in Epicenter plan
Summary
Consultant presented housing data for the Epicenter area: roughly 96% occupancy, an owner/renter split near 60/40, a housing mix of about 75% single-family detached, average detached sale price just under $400,000, and noted affordability concerns for some homeowners.
The consultant summarized housing findings for the Epicenter area, reporting an approximate 96% housing occupancy rate and a housing mix composed of roughly three-quarters single-family detached units and about 25% multifamily. The presenter said owner-occupied versus renter-occupied units are about a 60/40 split and that average detached sale prices since 2023 are "a hair under 400,000."
The presentation also flagged household cost burden: "that accounts for about 12% of homeowners with a mortgage and 3% of homeowners, without a mortgage, largely driven by insurance and taxes," the presenter said, and recommended expanding housing options so appropriate density can occur as the area grows. The consultant cautioned that multifamily demand in the plan period was modeled as less than 1,000 units annually and that the future land-use map largely maintains current patterns rather than proposing large-scale multifamily conversions.
