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----~ -- --= -----------=------- - Accessory Dwelling Units (ADU) are popular options for individuals and families post retirement. By law, this population is eligible to live in legally "age-restricted" communities. Other persons living in group quarters include individuals with developmental disabilities. As these individuals age, it is likely that some will require assisted living or nursing care facilities 3. 3 .2.3 Value and Cost of Housing Sale prices of homes are a common indicator of the value of homes available within a community. The average sale price for homes in the Lower Kittitas County area was $250,573 in 2006. By the second quarter of 2017 the average listing price of single-family homes available for sale was $257,573, with the average climbing to $355,354 in Upper Kittitas County. The median home value within Kittitas County was listed at $280,231 4 • Housing Affordability This increase in home purchase prices has made home ownership beyond the affordability of many potential homebuyers. According to the 2017 Kittitas County Homeless and Affordable Housing Plan, the median household income in Kittitas County was $45,406 compared to $60,294 in Washington State. The per capita income for Kittitas County is listed at $24,014 compared to $31,233 for Washington State. The latest 5-year estimate from the American Community Survey places median monthly ownership costs (with a mortgage) at $1,476. Although Washington State and Kittitas County are fairly similar in mortgage costs (as a percentage of income), Kittitas County has a higher proportion of households with a mortgage over 35% of income. As the Department for Housing and Urban Development (HUD) classifies families who pay more than 30 percent of their income for housing as "cost burdened", this inequity typically translates to increased challenges in affording other necessities such as food, clothing, transportation, home improvements, and medical care. In Kittitas County, the current mortgage limit for a FHA single-family loan is $275,665. Rental Properties Data from the 2006 U.S. Census indicated a median rent of $497 for Kittitas County. 2016 contracted apartment rent was $808, (lower quartile is $569, upper quartile is $1,097) representing a 63% increase from 2006 median rent estimates. At the time of this census, there were 7,186 renter households in Kittitas County. When considering the per capita income of Kittitas County in conjunction with the HUD recommended percentage of income to be spent on rental costs, an individual should spend approximately $600 on a single bedroom housing unit. 3 Kittitas County Mental Health/Developmental Disability Board 4 Figures based on information provided by local real estate broker database listing services Page 32