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Mr. Eric Zweber <br />WSB & Associates, Inc. <br />Summary of Demographic Trends <br />December 19, 2017 <br />Page 23 <br />The following points summarize key demographic trends that will impact development in Na- <br />va rre. <br />• The population in Orono is forecast to grow by 499 people (+6.1%) and 173 households <br />(+5.6%) between 2017 and 2022. <br />• The population over age 65 is expected to experience a substantial increase in Orono, as a <br />result of the aging of the baby boom generation. <br />• Median incomes are rising in Orono, with a 4.0% increase forecast between 2017 and 2022 <br />as incomes rise from $136,259 to $141,731. <br />• Only 15% of residential units in Orono are renter -occupied. Out of renter -occupied units, <br />66.7% are single-family homes, the rest are in structures with 50 or more units. <br />• Between 2010 and 2015, married couple households with children decreased in Orono, <br />while married couple households without children, other family households and household- <br />ers living alone increased. <br />Orono Building Permit Data <br />Based on building permit data obtained from Metropolitan Council, Table 11 presents the num- <br />ber of housing units added in Orono since 2007. <br />• A total of 360 new housing units were delivered in Orono between 2007 and 2016. Approxi- <br />mately 83% of the permitted units were for single-family homes (298), while 17.2% were for <br />multifamily units (62 units). <br />• The number of new permits generally increased each year since 2007. The number of per- <br />mitted single-family housing units added from 2012 to 2016 (205 units) was over double of <br />those added from 2007 to 2011 (93 units). <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />