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Housing Tenure and Vacancy <br />From 2000-2010, the overall number of people who own homes in <br />Hugo has risen, primarily due to the increase in population. However, <br />the total percentage homeowners in Hugo dropped steadily, while <br />the percentage of the population that rents homes has increased. <br />This is likely due to the increased number of rental unit availability <br />in the City. The median contract rent in 2015 for Hugo was $1,120, <br />which is the second highest median rent among the communities in <br />Washington County (Maxfield Research & Consulting, 2017). While <br />this data suggests that more opportunities to develop rental housing <br />may be possible, the City will need to evaluate how to support the <br />development of rental units that are considered affordable. <br />Housing Tenancy, 1990-2015 <br />100% <br />90% <br />F 80% <br />F <br />70% <br />= 60% <br />0 50% <br />40% <br />2 30% <br />a 20% <br />10% <br />0% <br />--*--Owner Occupied <br />—*--Renter Occupied <br />--*--Vacant <br />Figure 2-7 <br />,'e <br />H,Fti f <br />CS 2040 COMPREHENSIVE PLAN UPDATE <br />-.. <br />Residential Building Permits <br />After the rapid growth of the community prior to 2008, the number of <br />residential building permits issued for new home construction declined <br />from 2007 to 2011. In 2012, the community saw some growth and <br />growth has remained steady since that time. <br />300 <br />250 <br />79 <br />200 <br />a <br />0 150 <br />E 100 <br />z <br />50 <br />0 — <br />2007 <br />■Single family 52 <br />■Multi -family 196 <br />Figure 2-8 <br />Residential Building Permits <br />A <br />2015 <br />1990 <br />2000 <br />2010 <br />93% <br />93% <br />87% <br />83% <br />6% <br />5% <br />9% <br />13% <br />2% <br />2% <br />4% <br />4% <br />Source: <br />,'e <br />H,Fti f <br />CS 2040 COMPREHENSIVE PLAN UPDATE <br />-.. <br />Residential Building Permits <br />After the rapid growth of the community prior to 2008, the number of <br />residential building permits issued for new home construction declined <br />from 2007 to 2011. In 2012, the community saw some growth and <br />growth has remained steady since that time. <br />300 <br />250 <br />79 <br />200 <br />a <br />0 150 <br />E 100 <br />z <br />50 <br />0 — <br />2007 <br />■Single family 52 <br />■Multi -family 196 <br />Figure 2-8 <br />Residential Building Permits <br />DRAFT Dec 14-17 <br />for review only <br />COMMUNITY BACKGROUND 21 <br />A <br />2008 2009 2010 2011 <br />2012 2013 2014 <br />2015 <br />2016 <br />64 50 50 40 <br />90 52 48 <br />59 <br />90 <br />124 97 34 10 <br />0 0 100 <br />8 <br />9 <br />Source: <br />City <br />of Hugo <br />DRAFT Dec 14-17 <br />for review only <br />COMMUNITY BACKGROUND 21 <br />