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Community Economy Report vol1:2

Housing Data

Though many communities lack affordable housing, the specific dynamics of each region and market are unique. So, we’ve pulled together a set of data points to help compare one mountain town to another.

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Though many communities lack affordable housing, the specific dynamics of each region and market are unique. So, we’ve pulled together a set of data points to help compare one mountain town to another. Median income is for a family of four and is extracted from the Department of Housing and Urban Development at a county level. Statistics describing the number of affordable units constructed, estimated need, and target housing levels are taken from town and county reports produced by each community. And the median home price data are extracted from Zillow’s recent sales data.

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Aspen


Workforce housing units built/incentivized: 2,956

Most recent Assessed Need gap: 657 in 2012

Percent local occuancy: 47% of Pitkin County workers were living in Pitkin County in 2012

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Jackson


Workforce housing units built/incentivized: 1,468

Most recent Assessed Need gap: 280 units/year

Percent local target: 65%

Percent local occuancy: 58% county-wide – or 67%

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Telluride


Workforce housing units built/incentivized: 1,148 San Miguel County

Most recent Assessed Need gap: 38-239 units in Telluride by 2015

Percent local target: 60-70%

Percent local occuancy: 53% local in 2011

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Truckee


Workforce housing units built/incentivized: 474 – Jan. 2016

Most recent Assessed Need gap: 12,160

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Mammoth


Workforce housing units built/incentivized: 202

Most recent Assessed Need gap: 330 now, +595 by 2022 – end of 2017

Percent local occuancy: 34% in 2015

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Vail


Most recent Assessed Need gap: 4,466 in 2015, 11,960 by 2025

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Sun Valley


Workforce housing units built/incentivized: 369 in 2011

Most recent Assessed Need gap: 480 in 2011

Percent local occuancy: 38% in 2011

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Boulder


Workforce housing units built/incentivized: 3,237 in 2015

Most recent Assessed Need gap: 1,263

Percent local target: 10% affordable (4,500 units)

Percent local occuancy: 7.2% in 2015

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Crested Butte


Workforce housing units built/incentivized: 443 in the Gunnison Valley

Most recent Assessed Need gap: 960 by 2020

Percent local target: 25% housed in CB by 2025

Percent local occuancy: 67.8% in 2016 in CB; 26.5% in Mt. CB

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Median Income by County

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Income Vs Home Price

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By Alec Jacobson

Alec Jacobson is the Executive Director of the Mountain Independent. He is also a National Geographic Young Explorer, and has worked around the world as a photographer and writer focusing on slow moving stories.