Study reveals decline in number of family-sized units for county residents
The completed Rental Housing Study, presented to the Montgomery County Council in July 2017, reveals a need for large, family-sized units with 3 or more bedrooms. The study found that a large number of these family-sized units were built in the county over many years — currently, almost 40 percent of all rental units have 3+ bedrooms. These units comprise both multi-family rental apartments and owned units, condos or single-family units, known as conversion units.
However, when these units are disaggregated into multi-family rental apartments, the number of family-sized units become smaller with these units concentrated in older structures. The study also found that only around 12 percent … Continue reading
The Planning Department’s Research and Special Projects Division undertakes cutting-edge studies to influence important decisions about the county
Our plans rely on accurate data about demographics, housing, commercial real estate and the economy to inform recommendations and decisions about land use. This information is carefully gathered by a dedicated group within the Planning Department – the eight staff members of our Research and Special Projects Division – who help us get ahead of the planning curve with their ongoing investigations.
We like to call this division “the think tank for the county” because it provides a wealth of intelligence for the County Council and various government agencies. Currently, the research staff is hard at work on several important studies … Continue reading
Initial findings show that Montgomery County’s housing market is unbalanced, particularly for low-income residents
Low income residents in Montgomery County face a shortage of rental units matching their ability to pay, according to an ongoing study of rental housing. So far, the study has found that the existing rental housing market in the county is unbalanced at both the lowest and highest ends of the market. The market is short 20,000 units priced appropriately for households earning less than 30 percent of area median income (AMI) or $28,900. In addition, it is short 13,000 units priced to target households earning more than 120 percent of the area median income or $115,560.
Figure 1.) Supply/Demand Equilibrium for All … Continue reading