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Market Overview Page 8 <br />County Road 10 Redevelopment Study <br />October 24, 2006 <br /> <br /> <br /> <br />Distribution of Households by Age <br />US, Metro Area, Mounds View <br />1990 <br />0% <br />5% <br />10% <br />15% <br />20% <br />25% <br />30% <br />LT 25 Yrs 25-34 Yrs 35-44 Yrs 45-54 Yrs 55-64 Yrs 65-74 Yrs 75+ Yrs <br />Household Age RangePct. of HouseholdsMounds View <br />Metro Area <br />US <br />Home Sale Prices 2000-2005 <br /> Mounds View/New Brighton, Arden Hills/Shoreview, <br />Metro Area <br />$125,000 <br />$150,000 <br />$175,000 <br />$200,000 <br />$225,000 <br />$250,000 <br />2000 2001 2002 2003 2004 2005Median PriceMounds View/ <br />New Brighton <br />Arden Hills/ <br />Shoreview <br />13-County <br />Metro Area <br />Source: St. Paul Area Association of Realtors <br />CRITICAL GROWTH ISSUES <br /> <br />Despite its strong demographic profile, Mounds View faces significant growth issues. With little <br />developable land, Mounds View lacks the kind of housing choices that would normally keep a <br />community’s housing stock turning over and would permit the community’s resident base to be <br />continually regenerated and demographically balanced. This section looks at trends in local <br />demographics and explores the relationship between housing, demographic balance, and sustainable <br />economic health. <br /> <br />Shifts From Younger To Older Households <br /> <br />The following series of three <br />charts show changes in the <br />composition of households in <br />Mounds View compared to the <br />Twin Cities Metropolitan Area <br />and the US total. The lines and <br />bars on the charts show the <br />share of all households in each <br />of seven household age ranges, <br />first in 1990 and then in 2000. <br /> <br />Mounds View’s household base <br />has aged significantly since 1990 <br />and is outpacing the aging trend <br />in both the US and Twin Cities. <br />The City in 1990 was <br />characterized by young family <br />households ages 25 to 34 years <br />(28 percent). <br /> <br />