05-28-08 Council Agenda - Laserfiche WebLink

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between 1940 and 1949. The City has issued building permits for a total of 231 housing units since 2000. Age of Housing Stock City of Little Canada Source: Ramsey Coin ty Assessor Year Built: No. of Units % of Total 2001 to 2006 231 Tax Area 4.9% 1990 to 2000 628 Percentage Change -.60% 13.4% 1980 to 1989 909 $222,400 19.3% 1970 to 1979 1,589 10,991 33.8% 1960 to 1969 687 Shoreview 14.6% 1950 to 1959 302 1.15% 6.4% 1940 to 1949 148 $239,700 3.2% 1939 or earlier 208 $219,500 4.4% Total 4,702 100% Source: U.S. Census Bureau and Metropolitan Council Estimated Market Value The following table illustrates the residential market value statistics for Little Canada and neighboring communities in 2006 and 2007. The median market value of residential units in the City in 2007 was $240,050. This value is significantly higher than that of Ramsey County, which was $219,600 in 2007. The median market value in Little Canada decreased at a rate of - .6 percent from 2006 to 2007. The median market value for the City in 2006 was $241,500. Median Estimated Market Value of Residential Source: Ramsey Coin ty Assessor 2006 2007 Tax Area # Parcels 2,610 Payable 2007 Median $241,500 Payable 2008 Median $240,050 Percentage Change -.60% Little Canada Maplewood 10,991 $222,400 $223,900 .67% Roseville 10,991 $237,400 $237,900 .21% Shoreview 9,361 $260,700 $263,700 1.15% Vadnais Heights 4,310 $241,000 $239,700 -.54% Ramsey County 141,456 $219,500 $219,600 .05% Tenure As of 2000, the majority of the occupied housing units within the City of Little Canada were owner- occupied units. It can be assumed, in consideration of the City's existing land use patterns, that the percentage of owner- occupied housing units has remained high through 2006. 10