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• coming decade. * The majority of Falcon Heights homes are small and on lots under 10,000 sq. ft. Falcon Heights housing values have been increasing at approximately 4 percent in 1990 and 19-91. They are higher than other north suburban cities outside of Arden Hills because of location and neighborhood quality. Many families are choosing to settle here. Many homeowners also consider these to be "starter" homes and move to newer houses on larger lots when financially able. * The housing market will experience a significant shift over the next decade with the baby boomers, the major housing buyers over the past two decades, settling down or buying a larger home. Metro council anticipates a drop of 22$ in the first time buyer market where historically Falcon Heights falls (although many homeowners stay here). There will be an increase of 22$ in the "move-up buyer" or people looking for larger homes probably in Shoreview, Eagan, Plymouth etc. The housing market is already experiencing a drop in the rental market since the young renter age group has fallen by 14~. This is already apparent in Falcon Heights where 27$ of the city's housing is non-University rental units. In a survey of landlords last fall, the staff found that landlords were experiencing vacant units for the first time in their memory. * The city will inevitably experience more impact from the demographic changes in the central city population due to its location on the central city's border. * To some extent the city's R-1 zone accommodates "mother-in-law" apartments and differing family arrangements, such as group homes and two women living with their children, through its definition of family, which is four unrelated adults. However, the added apartments cannot be totally separate from the rest of the household because it requires shared cooking facilities. Flexibility in the application of this might accommodate some family arrangement's better. The city's location adjacent to the University makes its households desirable for student renters. This is not necessarily to the detriment of the community 's neighborhoods. However, permanent apartment arrangements and small dwellings originally constructed for aging family members to live in for the remaining years of their life, may become rental units for the population as a whole. This need not have a negative impact. However, it may change the composition of housing units in R-1 neighborhoods. Finally, it is important to realize that change is inevitable. The city will increasingly house different family styles and demographic groups. The intent of the plan should not be to eliminate this change in the city's population, but to accommodate it without sacrificing neighborhood quality or reducing its desirability in the metropolitan housing market. 5. The proposed zoning district classifications (Attachment 3) * B-1 A to B-1 - makes sense to keep similar businesses zoned together. • The B-lA allows for multi-family residential uses with a