1. RUTLAND HOUSING
MARKET STUDY AND Final project
presentation
NEEDS ASSESSMENT

2. AGENDA
 6:00 Welcome and overview of the study
 6:15 Presentation
 Recap of findings
 Discussion of recommendations
 7:00 Questions and comments

3. PROJECT TASKS FOR THE HOUSING
STUDY
 Met with City staff and toured Rutland
neighborhoods
 Interviewed local housing market
stakeholders (Realtors®, affordable housing
providers, landlords)
 Compiled, analyzed and mapped data about
the Rutland housing market
 Meeting One: public feedback and input
 Developed strategic recommendations

4. KEY TOPIC AREAS FOR TODAY
 Revitalizing neighborhoods (and addressing vacant/blighted
properties)
 Promoting homeownership
 Af fordable housing needs

5. REVITALIZING
NEIGHBORHOODS

6. REVITALIZATION IN RUTLAND: KEY
FINDINGS
 The City of Rutland is losing population not just because of a
regional economic decline, but also because it is not
competing well against other towns when households decide
where to live
 Poverty and unemployment is concentrated in particular
neighborhoods in Rutland
 The housing ―product‖ being of fered in parts of Rutland –
especially older, small -multiunit stock – is not desired by the
marketplace
 Key areas of concern are located west of Route 7 and close to
downtown
 Locally Undesirable Land Uses (LULUs) may be contributing to
some issues with vacant buildings

7. COMPETITION FOR HOUSEHOLDS
 The region is not competing
strongly for households Population
 County locations are
70,000 63,400
62,142 61,642
58,347
60,000
outcompeting city locations for 50,000
household choices about where 40,000 Rutland City
to live 30,000
18,436 18,230
Rutland County
17,292 16,495
20,000
 From 2000 to 2010, Rutland 10,000
City households declined by 0
1%; Rutland County increased
1980 1990 2000 2010
Year
by 1%.
Source: Vermont Housing Data (www.housingdata.org); US Census
 Areas west of Route 7 have Households 2000 2010 % change
declined the fastest
Tract 9630 1,955 1,970 1%
Tract 9631 1,713 1,644 -4%
Tract 9632 1,400 1,356 -3%
Tract 9633 2,384 2,434 2%
Source: US Census Bureau

8. CONCENTRATIONS OF POVERT Y
Area Percent below
poverty in 2010
Tract 9630 13%
Tract 9631 25%
Tract 9632 19%
Tract 9633 11%
Rutland City 16%
Rutland County 12%
Vermont 11%
Area Unemployment rate, 2010
Rutland City 8.8%
Rutland County 7.3%
Vermont 6.2%
Source: American Community Survey 2010 5-year estimates

9. A HOUSING PRODUCT IN NEED OF
IMPROVEMENT
 Median sale price of 2 -4 unit
properties during 2010 -2012
was $75,000 (40% less than
single-family)
 Current value does not support
home improvements or financing