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<br />Draft Summary Report: Eugene Housing Tools & Strategies 3
<br />FIGURE 3: EUGENE AND SELECT CITIES: POPULATION AND HOUSING UNIT GROWTH, 2000-2016
<br /> Eugene Bend Salem Springfield
<br />Population, 2000 Census 137,893 52,029 136,924 52,864
<br />Population, 2012-2016 ACS 161,649 84,416 161,975 60,611
<br />Population Added 2000 - 2016 23,756 32,387 25,051 7,747
<br />% Population Change, 2000-2016 17% 62% 18% 15%
<br />Housing Units, 2000 Census 61,444 22,507 53,817 21,500
<br />Housing Units, 2012-2016 ACS 70,649 37,406 61,987 25,368
<br />Housing Units Added, 2000 - 2016 9,205 14,899 8,170 3,868
<br />% Housing Unit Change, 2000-2016 15% 66% 15% 18%
<br />Sources: U.S. Census, 2010; ACS, 5-year estimates, 2012-2016; Strategic Economics, 2018.
<br />Home Values, Rents, and Construction Permits
<br />This section summarizes recent trends in market rate rents and sales prices, and construction permits
<br />for Eugene.
<br /> The median sales price for an existing house in Eugene is about $315,000. However, the
<br />median sales price for a newer home, built since 2014, is significantly higher at $449,000. 4
<br /> From 2013 to 2018, rents for multifamily units increased 22 percent, or on average $190 per
<br />unit, after adjusting for inflation. Nearly half of the units built since 2013 are in zip code
<br />97401, which covers downtown Eugene and north to the Beltline. In this zip code, rents grew
<br />at a slower rate of 17 percent over the last five years.5
<br /> Over half of dwelling units permitted between 2008 and 2017 are in multifamily buildings.
<br />Almost 57 percent of new dwelling units permitted in Eugene from 2008 through 2017 were
<br />in 5-or-more-unit apartment buildings. An additional 32 percent were single-family dwellings.
<br />In contrast, accessory dwelling units, townhouses, and 2-4 unit buildings made up just eight
<br />percent of total units permitted during that period. Permits for manufactured homes make up
<br />the remaining dwelling units permitted at under three percent of the total. 6
<br /> Townhomes and condominium units represented just 7.5 percent of total home sales in the
<br />past year. These types of units are typically smaller and less expensive than single-family
<br />detached units. However, very few of the townhomes and condominiums that sold in the last
<br />year were built in the last decade; the handful of newer units that sold did so at relatively high
<br />per square foot prices. The three most recently built townhomes that sold in the last year, (two
<br />completed in 2015, and one completed in 2013) sold for $399,000 to $425,000, or $256 to
<br />$289 per square foot. In contrast, the median price per square foot for the 165 single-family
<br />detached homes that sold in Eugene built since 2014 was $199 per square foot. There were
<br />no condominiums that sold in the past year built after 2008. 7
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<br />4 Redfin, Eugene Home Sales, October 16, 2017 through October 15, 2018.
<br />5 Costar, Eugene Multifamily History Report, 2013 and 2018. Accessed October 15, 2018.
<br />6 City of Eugene, Housing Mix Permit Details, 2001-2017.
<br />7 Redfin, Eugene Home Sales, October 16, 2017 through October 15, 2018.
<br />December 12, 2018, Work Session - Item 2
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