Home Ownership

The study area has a relatively high proportion of renters, as 69% of households rent their places of residence. Across the four Census Tracts, the percentage of households renting their homes range from 42% to 77%. Three of the Census Tracts have percentages of renters around 70%, but Census Tract 27 is an outlier with only 42% of residents renting their homes. The City as a whole has approximately 28% of the population renting, making the proportion of renters in the study area considerably higher than the rest of the City.

Housing Cost

The average value of dwellings within the study area is $146,598, while the average cost of monthly rent is $772. Across the four Census Tract, the average value of shelters range from $95,674 to $195,128, and the average costs of monthly rent range from $725 to $827. The highest cost for monthly rent appears in the same Census Tract as the highest value of homes. However, the correlation does not hold for the lowest values. While Census Tract 27 has the lowest average value of shelters of $95,674, the lowest average cost of monthly rent belongs to Census Tract 31, with a value of $725. Compared to the City as a whole, where the average value of homes is $246,465 and the average monthly rent is $816, the costs of dwellings within the study area are lower.