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Part 11 — Eugene Housing Needs Analysis ECONorthwest Page 101 Household Latino households in Eugene have lower than average income. income . Latino households in Eugene have lower than average income, with household income at 97% of Eugene's median ($39,640) and family income at 94% of Eugene's median ($57,526) • First generation Latino households generally have lower income, in part as a result of their relatively young age and as result of generally lower educational achievement. • Second generation Latinos generally have higher incomes and educational attainment than first generation Latinos but their incomes and educational attainment are still lower than the U.S. average. • In 2012, the national median household income for first generation Latino households was $34,600, compared to $48,400 for second generation Latino households, compared with the U.S. average of $58,200. Potential Growth in immigrants may result in increased demand for multi -family and effect on single-family housing in Eugene. housing . Affordability is likely to be a more common problem for immigrants, especially demand recent immigrants, because immigrants have lower income on average. • Immigrants associated with the University of Oregon, either as students or faculty/staff, may choose to rent a home if they are in Eugene temporarily and may choose to purchase a home if they will be in Eugene over a long period of time. • First generation Latino immigrants are likely to choose multi -family housing, in part because that is what they can afford. • Homeownership increases the longer immigrants stay in the U.S. Longer-term first generation immigrants and second -generation immigrants may become home owners, depending on their ability to afford owning a home. • Homeownership increases for second -generation immigrant households. Part 11 — Eugene Housing Needs Analysis ECONorthwest Page 101