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Ordinance 3454-15 with Exhibits A- C
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Ordinance 3454-15 with Exhibits A- C
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Ordinance Number
Ordinance 3454-15 with Exhibits A- C
Date
10/21/2015
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EVERETT COMPREHENSIVE PLAN <br />29. 23% of Everett's housing stock was built prior to 1950, while for all of Snohomish <br />County only 9% of housing stock was built prior to 1950. <br />Figure 5: Age Distribution of Housing Stock, City of Everett & Snohomish County <br />50% <br />40% <br />30% <br />20% <br />103`0 <br />03<0 , <br />Before 1950-1969 1970-1989 1990 or <br />1949 Later <br />■ Everett ■ Snohomish County <br />Source: US Census Bureau; ACS 2012 5 Year Estimates <br />30. Between 2008 and 2012, 58% of single family homes sold in Everett were three <br />bedrooms in size. 22% of homes sold were four bedrooms in size. In total, three and four <br />bedroom homes represented 80% of sales. 14% were two bedrooms and 3% were five bedrooms. <br />(Alliance for Affordable Housing "Draft Housing Profile City of Everett", Snohomish County Assessor) <br />Table 12: Bedrooms by Housing Type <br />Source: Snohomish County Assessor 2014 <br />31. Approximately 18% of the mortgaged housing units were affordable for low income <br />households, 4% for very low income households, and only I% was affordable for households <br />with extremely low income. (US Census, ACS 2011 5 Year Estimates) <br />32. In 2012, the median sale price for a single family home in Everett was $219,950. Using <br />average rates of interest, property taxes, utilities and insurance as determined by the Federal <br />Housing Funding Board, and presuming a 20% down payment, the monthly cost of this home <br />would be $1,313. To afford this, a household would require an annual income of at least <br />HOUSING ELEMENT 17 <br />. <br />. <br />t <br />r <br />d <br />236 <br />39 <br />8 <br />892 <br />94 <br />91 <br />402 <br />2 <br />68 <br />r <br />, <br />88 <br />1 <br />6 <br />�._� . .. <br />Source: Snohomish County Assessor 2014 <br />31. Approximately 18% of the mortgaged housing units were affordable for low income <br />households, 4% for very low income households, and only I% was affordable for households <br />with extremely low income. (US Census, ACS 2011 5 Year Estimates) <br />32. In 2012, the median sale price for a single family home in Everett was $219,950. Using <br />average rates of interest, property taxes, utilities and insurance as determined by the Federal <br />Housing Funding Board, and presuming a 20% down payment, the monthly cost of this home <br />would be $1,313. To afford this, a household would require an annual income of at least <br />HOUSING ELEMENT 17 <br />
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