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Resolution No. 4834 Exhibit
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2005 No. 4820-4855
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Resolution No. 4834 Exhibit
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6/10/2010 4:49:47 PM
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5/19/2005 7:43:14 PM
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City Recorder
CMO_Document_Type
Resolutions
Document_Date
5/11/2005
Document_Number
4834
CMO_Effective_Date
5/11/2005
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conditions. Out of the total reported renter-occupied housing units in the sample data, <br />3.8% reported two conditions, 47.9% reported one selected condition, and 48.1% <br />reported no conditions. <br />Within Springfield owner-occupied units, 1.3% reported two conditions, 25.5% reported <br />one condition, and 73.2% reported no conditions. The rental housing in Springfield did <br />report that 4.5% reported two conditions, 44.8% of housing units had one selected <br />condition, and 50.4 said they had no selected conditions. This data verifies what was <br />stated in the Eugene-Springfield Consolidated Plan 2000, that more rental households <br />have less than standard conditions compared to owner-occupied households. <br /> <br />Housing Types and Costs Related to Income <br />Low-income households are predominantly renters. According to the Census 2000 data, <br />40.2% of all renter households were Iow-income, but 68.0% of all households earning <br />less than $35,000 were renters. Choice or lack of choice in housing types is related to <br />income. As the cost of housing continues to rise faster than household incomes, more <br />families are going to be faced with fewer housing options. Census 2000 data indicates <br />that 52.0% of all rental households in the metropolitan area pay more that 30.0% of their <br />household income for rent each month, and 28.0% are paying in excess of 50.0% of <br />their income for rent. A higher proportion of Eugene renters pay more than 30.0% of <br />their income to rent than do renters in Springfield, an indication that rents are generally <br />lower in Springfield than in Eugene. This does not necessarily mean that incomes of <br />Springfield renters are higher than those in Eugene. <br /> <br />Housing Tenure <br />Between 1990 and 1998, the proportion of multiple family units to single family units built <br />was 51.0% to 49.0% respectively. The proportion of owners to renters in general in <br />Eugene and Springfield has hovered at about 50/50 for the past few decades. Current <br />building trends look to maintaining this relationship. <br /> <br />Vacancy Rates <br />2004 vacancy rates for all housing in the Eugene-Springfield area is 5.5%, with 4,775 <br />unoccupied units. ESRI projects that this rate will increase slightly to 5.7% in 2009. A <br />"healthy" rental vacancy rate is about 5.0%. Detailed vacancy data is only available for <br />2000, but this data shows that vacancy rates are significantly lower in housing structures <br />with less than five units. The lowest vacancy rate of 3.6% corresponds to single <br />detached units and also to structures with three to four units. The highest vacancy rate <br />(11.1%) is for structures containing 50 or more units. <br /> <br />1 detached 3.6% 5 - 9 units 8.7% <br />1 attached 4.1% 10 - 19 units 10.1% <br />2 units 5.3% 20 - 49 units 9.0% <br />3 - 4 units 3.6% 50 or more units 11.1% <br /> <br />Average Rents <br />The 2000 Census reports that the median rent amount for Eugene was $566/month and <br />for Springfield median rent was $518/month. This is a significant difference and is <br />reflected by the greater percentage of renters in Eugene than in Springfield who pay <br />more than 30.0% of their household income to rent (53.0% vs. 48.0%). For renters who <br />pay more than 50.0% of their income to rent, the difference between the cities is even <br /> <br />32 <br /> <br /> <br />
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