Housing Study and Market Analysis Services

The vendor required to provide housing study and market analysis services for include:
- Existing conditions and background research
1. Demographic analysis
•    Population – trends, geographic differences in growth vs. loss, projections (5 to 10 years)
•    Age cohorts and changes
•    Household composition
o    Single parent households
o    People living alone
o    18+ living with parents
•    Race and ethnicity distribution and changes
•    Migration, immigration and mobility
2. Economic analysis
•    Major employers, locations, employment hubs or concentrations
•    Employment – occupation and sector projections
•    Income by sector
•    Household incomes
•    Education levels
3. Land use analysis
•    Density
•    SALDO and building permit activity
•    Vacant or undeveloped land
•    Existing zoning
o    Identifying areas with mixed-use, TOD overlays, or ADU ordinances
•    Commuting patterns
4. Existing housing supply
•    Owner- and renter- occupied housing rates and distribution
•    Housing types (single family, twin, townhouse, apartments, etc.) and units in structure
•    Year built (housing age)
•    Vacancies
5. Housing affordability and vulnerability analysis
•    Cost burden analysis
•    Housing condition
•    Foreclosures
•    Physical accessibility
•    Affordable unit location and availability and housing choice voucher use (as well as use of other existing programs)
6. County comparison
•    Population and projections
•    Employment
•    Housing types, tenure, age, and building activity
- Housing market analysis
1. Owner-occupied housing market
•    Single-family and multi-family home sales (single-family detached, townhome, condominium, age restricted, etc.)
•    Number of sales per year and submarket location
•    Median sale price and sale price per square foot
•    Average length on market based on multiple listing service listing
•    Absorption rates, length of development for recently completed projects
•    Market locations that are under- or over-built
2. Rental housing market analysis
•    Analysis of market performance of key rental home segments (asking rent, price per square foot,
•    Vacancy, features and amenities offered)
•    Identification and analysis of the stock of market-rate affordable rental properties within the county.
3. Future housing demand and gap analysis
•    Determine the county’s demand for housing over the next ten years based on long-term projected growth for the county as well as county and state trends related to housing
•    Demonstrate ranges for scenarios based on high- to low-growth projections and high- to low demand markets
•    Forecast of the quantity of units required, as well as recommendations by housing type, target age group, tenure, size, and location
•    Site-specific case studies and development scenarios
•    ADU study (find out if there is a demand)
o    Find out where it’s been successful and zoning needs
4. Affordable housing needs
•    Fair share analysis by submarket (shows room to grow multi-family housing) *mini-zoning analysis
•    New construction needs by AMI
•    Workforce housing analysis and salary levels and kinds of affordable housing
•    Comprehensive overview of income restricted housing county-wide
o    Examining future for affordable housing and expiration.
- Budget: $200,000

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: November 20, 2025