1 READY BY 21 TASKFORCE Harford County Department of Community Services Local Management Board Housing Benchmark January 4, 2011.

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Presentation transcript:

1 READY BY 21 TASKFORCE Harford County Department of Community Services Local Management Board Housing Benchmark January 4, 2011

2 Source: U.S. Census Bureau, 2009 American Community Survey: 1-Year Estimates Home Ownership Rates, 2009

3 Source: U.S. Census Bureau, 2009 American Community Survey: 1-Year Estimates

4 Source: Claritas 2009, Demographic Updates, Maryland Home Ownership Rates, ,567 Housing Units

% Change 2007 to 2009 Total Sold Dollar Volume$909,651,080$666,765,941$652,507, % Avg. Sold Price$296,884287,275268, % Median Sold Price $260,000255,000236, % Total Units Sold3,0642,3212, % Avg. Days on the Market % Avg. List Price$312,035$312,055$290, % Avg. Sales Price as a % of Avg. List Price95.1%92.1%92.2% Harford County Real Estate Trends Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data

6 Harford County Real Estate Trends, 2010 Year to Date Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data

7 Percent of Rental Occupied Housing Units, ,448 Renter Occupied Housing Units Source: Claritas: 2009 Demographic Updates, Maryland

FMR 2 BR Income Needed Hourly Wage Needed to Afford 2 FMR % Change Since 2000 Full Time Jobs Minimum Wage Anne Arundel$1,203$48,120$ %3.2 Baltimore Co.$1,203$48,120$ %3.2 Carroll$1,203$48,120$ %3.2 Cecil $1,095$43,800$ %2.9 Frederick$1,474$59,760$ %4.0 Harford$1,203$48,120$ %3.2 Howard$1,203$48,120$ %3.2 Maryland$1,271$50,822$ %3.4 Rental Unit Affordability, 2010 Two Bedroom Unit at Fair Market Rate Source: National Low Income Housing Coalition: Out of Reach Report, May 2010

9 $1,203 = fair market rent for 2-bedroom apartment Without paying more than 30% of income on housing, a household must earn $4,010 monthly or $48,120 annually to afford this level of rent and utilities. At $7.25 per hour, a household must include 3.2 minimum wage earners, each working 40-hours per week. Rental Affordability Factors, 2010 Source: National Low Income Housing Coalition: Out of Reach Report, May 2010

10 Homelessness in Harford County, 2010 Number of individuals that accessed homeless services Source: Harford County Homeless Management Information System, 2010

11 Homelessness in Harford County, 2010 Source: Harford County Homeless Management Information System, 2010 Age of Individuals Accessing Services

12 DSS Child Out of Home Placements, Source: DHR Child Welfare Results Report 2009 & American Community Survey % of Population Under 21

13 Source: Harford County DSS Foster Care Placements, 2009

14 DJS Out-of-Home Placements April 2008-December Source: Harford County DJS, 2010