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I <br />HOUSING JUNE, 1980 <br />HOUSING CONDITION <br />GOOD 2,206 90% <br />FAIR 173 7% <br />DETERIORATED 41 2% <br />DILAPIDATED 10 .4% <br />TOTAL NUMBER OF DWELLINGS 2,430 <br />In order to determine the condition of Orono's existing housing stock, <br />a windshield survey was undertaken in October, 1978, To accomplish this <br />task, recognized guidelines were used to rate each unit surveyed by <br />exterior structural condition, with the housing units being rated as <br />Good, Fair, Deteriorated or Dilapidated. <br />The results of this windshield survey indicates that a very high pro­ <br />portion of the housing stock in the City is in good condition by exterior <br />appearance. Most of the deteriorated or dilapidated structures are <br />located in the older areas of Navarre or in some of the rural housing <br />clusters as identified in the CSPP. Others are isolated houses which <br />have not been maintained or occupied in many years. It was alos noted <br />during the windshield survey that several of the deteriorated housing <br />units are either in the process of or have already undergone certain <br />amounts of rehabilitation. <br />COST AND RENTAL PRICE RANGES OF HOUSING IW ORONO. <br />A majority of metropolitan communities have experienced a rapid increase <br />in existing housing value and new housing costs. For example, in 1970, <br />approximately 67% of owner occupied housing units in the metropolitan area <br />were valued at less than $3£‘,Q00. In contrast, only 31% of the housing <br />units were valued less than $35,000 in 1977. Furthermore, nearly 50% <br />of the 1977 owner-occupied homes were valued at $50,000 or over. <br />An analysis was undertaken in Orono as part of this planning program to <br />attempt to determine the cost and value of housing in Orono. To accomplish <br />this task. Certificates of Real Estate value from 1977 to 1978 were examined <br />to gauge existing housing value. The Certificates of Real Estate Value <br />required by the Minnesota Department of Revenue indicates the total <br />purchase price of buildings and property transactions. It was found that <br />approximately 31% of existing residences (buildings and land) were <br />purchased in 1978 for under $50,000. However, it was also found that <br />approximately the same amount of residences (25%) were valued in excess <br />of $100,000. Approximately 37.5% of the total number of housing purchased <br />in 1978 were valued between $50,000 and $80,000. <br />i <br />I <br />I <br />I <br />\ <br />[ <br />I <br />I <br />I <br />1 <br />CMP 5-8