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2015 CCYP Housing Survey Results
- 1. PRESENTED BY: Housing Survey Findings AnneVan Vleck Executive Director, CCYP SPONSORED BY:
- 2. Slide 2 |Presentation sponsored by Cape Cod & Islands Association of REALTORS®, Inc. & MLS ©2015CapeCodYoungProfessionals.AllRightsReserved. 25 – 44 YEARS OLD (68.5% of total participants) Housing Survey Highlights TOTAL PARTICIPANTS 43% 46% 11% HOUSING SITUATION (Ages 25 – 44) Own Rent Live with relatives
- 3. Slide 3 |Presentation sponsored by Cape Cod & Islands Association of REALTORS®, Inc. & MLS ©2015CapeCodYoungProfessionals.AllRightsReserved. Ages 25 – 44 Renters: Demographics 46% 54% WOMEN MEN MARRIED OR IN A RELATIONSHIP HAVE NO CHILDREN HAVE ONE CHILD
- 4. Slide 4 |Presentation sponsored by Cape Cod & Islands Association of REALTORS®, Inc. & MLS ©2015CapeCodYoungProfessionals.AllRightsReserved. Ages 25 – 44 Renters: Financials AVERAGE ANNUAL HOUSEHOLD INCOME CARRY STUDENT LOANS PLAN TO BUY A HOME ON CAPE IN 2 YEARS
- 5. Slide 5 |Presentation sponsored by Cape Cod & Islands Association of REALTORS®, Inc. & MLS ©2015CapeCodYoungProfessionals.AllRightsReserved. 40% of these Renters are Unhappy ONLY A WINTER RENTAL must find summer housing WHY? WANT TO OWN A HOME but can’t afford to
- 6. Slide 6 |Presentation sponsored by Cape Cod & Islands Association of REALTORS®, Inc. & MLS ©2015CapeCodYoungProfessionals.AllRightsReserved. Ideal Renting & Purchase Options 57% 27% 15% IDEAL RENTING OPTIONS Single Family Home Accessory Housing Apt. in mixed use building 57% 8% 36% IDEAL PURCHASE OPTIONS Single Family Home Townhouse / Condo Condo in mixed use building WANT 3 OR MORE BEDROOMS WANT WALKING / BIKING ACCESS TO TOWN OR VILLAGE
- 7. Slide 7 |Presentation sponsored by Cape Cod & Islands Association of REALTORS®, Inc. & MLS ©2015CapeCodYoungProfessionals.AllRightsReserved. Home Buyer Programs & Lending 44% 29% 23% CONFIDENT TO ACCESS LOCAL LENDING SOURCES FOR A HOME PURCHASE? No Not sure Yes Agree Home Purchase On Cape Cod Is A Good Investment Interested In Taking First Time Homebuyer Course Familiar With First Time Homebuyer Programs
- 8. Slide 8 |Presentation sponsored by Cape Cod & Islands Association of REALTORS®, Inc. & MLS ©2015CapeCodYoungProfessionals.AllRightsReserved. New Housing Model Ideas Convert empty or under-used mansions into apartments. Condo in a large old home or in a former elementary school, church, fire station, or warehouse. Housing for young professionals that is subsidized. Walkable shared communities with access to private parking and public transit options. Larger units (3+ bedrooms) to accommodate families that can’t afford or qualify for mortgages. More affordable options/neighborhoods. Micro homes – either permanent with foundations or on wheels.
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Editor's Notes
- #3 The survey was in the field from Fri., March 20, 2015 and closed on Monday, April 6, 2016 (16 days). It was marketed through CCYP’s social media (FB, LinkedIn, Twitter accounts) and Constant Contact recipients and taken by 439 people. 68.5% of those who took the survey were between the ages of 25-44 (totaling 301).