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<br />5.12 <br /> <br />In addition to immediate highway access, the site is located very near the Anoka County/Blaine <br />Airport, which is classified as a minor airport, has the longest runway length within the MAC’s <br />reliever airport system. Last year it had 80,000 take-offs and landings, and could support 200,000+ <br />operations per year. The airport has 20 acres of undeveloped open space within the Key Air <br />leasehold, which could accommodate 130,000 sq. ft. of additional future vertical infrastructure. <br />5.3 DEMOGRAPHIC TRENDS <br />Long range demographic trends have been affecting real estate demand over the past 40 <br />years because many of these trends will likely continue into the future. Figures 11 through 15 <br />illustrate 40-year trends related to population age, household size, household type, <br />homeownership, and income. The following are key findings from the figures. <br />5.3.1 Median Age <br />Since 1970, the median age of <br />the population has increased <br />significantly at the local, <br />regional, and national levels. <br />Within Mounds View, however, <br />the rate of aging has been <br />greater than the county, the <br />metro, and the US. The age <br />profile of the population has <br />important ramifications on the <br />market for housing and retail. <br />Younger persons have <br />significantly different demands than older persons when it comes to housing types and shopping <br />habits. <br />5.3.2 Household Size <br />Household size declined sharply <br />between 1970 and 1980, <br />especially in Mounds View, as <br />the youngest baby boomers <br />moved out of their parents’ <br />homes and started new <br />households. Since 1980, <br />household size has continued to <br />drop, though not at as sharp as <br />during the 1970s. Changes in <br />household size can impact <br />housing and retail markets in a variety of ways. For example, fewer individuals in a household <br />decrease the need for overall space and furnishings, both inside and outside the unit. <br />28 <br />26 26 <br />21 <br />37 36 <br />35 <br />38 <br />15 <br />20 <br />25 <br />30 <br />35 <br />40 <br />45 <br />US Metro Ramsey County Mounds ViewAge 1970 <br />1980 <br />1990 <br />2000 <br />2010 <br />Source: U.S. Census <br />Figure 11: Median Age <br />3.1 3.2 3.1 <br />3.9 <br />2.6 2.5 2.4 2.5 <br />1.5 <br />2.0 <br />2.5 <br />3.0 <br />3.5 <br />4.0 <br />US Metro Ramsey County Mounds ViewPersons per Household1970 <br />1980 <br />1990 <br />2000 <br />2010 <br />Source: U.S. Census Figure 12: Household Size