Middle Housing in the Station Area Context · HB2001 Estimated Net New Units within 112 Mile of Max...
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Middle Housing in the Station Area Context Tyler Bump Project Director, ECONorthwest
Transcript of Middle Housing in the Station Area Context · HB2001 Estimated Net New Units within 112 Mile of Max...
Middle Housing in the Station Area Context
Tyler BumpProject Director, ECONorthwest
What does middle housing look like?
One-Bedroom Rents
Source: ECONorthwest
$64.46
$41.88
$(0.75)
$(10.00)
$-
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
Inner Portland Middle Portland Outer Portland
Per S
quar
e Fo
ot R
esid
ual L
and
Valu
e
Fourplex Residual Land Value
Development Feasibility Analysis
Source: ECONorthwest
Development Feasibility Analysis
¼ Mile Distance
Source: ECONorthwest
Development Feasibility Analysis
½ Mile Distance
Source: ECONorthwest
Source: ECONorthwest
Source: ECONorthwest
Source: ECONorthwest
Station Area Housing Forecast
2,410
506
0
500
1,000
1,500
2,000
2,500
3,000
Multifmaily Middle Housing
20 Y
ear F
orec
ast U
nits
Rosa Parks Station Area Forecast Units
Middle housing policy increases market feasible capacity by 20% in the station area.
Source: ECONorthwest
Middle Housing as a Middle Income Housing Strategy
179%
104%
157%
91%
0%
20%
40%
60%
80%
100%
120%
140%
160%
180%
200%
Inner Single Family Inner Fourplex Middle Single Family Middle Fourplex
Med
ian
Fam
ily In
com
e
Source: ECONorthwest
Development Markets Across the Region Vary
Regional Development Feasibility
Source: ECONorthwest
Regional LRT Station Area Feasibility
Source: ECONorthwest
