Exhibit E - Housing Study 2020

Description

Exhibit E - Housing Study 2020 RFP 2026-0009-GM/TJ 2020 Santa Fe County Housing Data Prepared for Santa Fe County Suzan Reagan, Senior Program Manager UNM Data Bank JULY 2021 2020 Santa Fe County Housing Data | 1 Acknowledgments We would like to express our appreciation to Santa Fe County for providing the financial support and direction necessary to complete this report. Special thanks to Joseph R. Montoya, and to his staff for guidance and support throughout this endeavor. The apartment survey analyses included in this report could not have been completed without the cooperation of property managers and owners. Their time and attention are especially appreciated, given this year's disruptions from COVID-19. As a group, we find that apartment property owners and managers are very engaged in their local community, which is vital to the continued growth of New Mexico. We hope that this report will provide quantitative insight into their community and businesses. Thank you to UNM Geospatial Population Studies, Robert Rhatigan, and Jaqueline Miller for the population projections. At UNM BBER, Suzan Reagan was the project manager on this report. She was assisted by Sarun Luitel, Viktoria Gonsior, Sofia Ximenez-Byrne, Omar Solis, and RaeAnn McKernan. BBER's Acting Director, Michael O’Donnell, provided oversight and support. 2020 Santa Fe County Housing Data | 2 TABLE OF CONTENTS Acknowledgments 1 Introduction 11 Summary 11 Current Population and Housing Trends 13 Population Trends 13 Population Growth 13 Population Age and Sex 16 Migration 18 Race and Ethnicity 19 Economic Characteristics 21 Employment 21 Employment by Industry 24 Travel to Work 32 Income and Earnings 33 Poverty 37 Social Security, Retirement Income and Social Assistance 40 Housing Characteristics 43 Housing Stock 43 Renters in Santa Fe County 44 Vacant Housing Units 45 Number of Bedrooms in Housing 46 Occupants per Room - Crowding 47 Age of Housing 49 Utilities and Computers 52 Housing Value 55 Mortgage Status 57 Affordability – Mortgage Cost & Renting Cost 57 2020 Santa Fe County Housing Data | 3 Foreclosures 69 Evictions 71 Housing Sales 72 Absorption of New Apartments 75 Mortgage Access by Race and Ethnicity 75 Production 79 Cost of Construction 80 Future Projections and Trends 83 Santa Fe County Population Projections 83 Santa Fe County Need for Housing Units 85 Apartment Survey Findings 88 Properties and