Executive Summary
Housing Market Analysis MA-05 Overview
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- MA-10 Number of Housing Units – 91.210(a)(b)(2)
Housing Market AnalysisMA-05 OverviewHousing Market Analysis Overview: Anniston’s housing market consists of 13,236 residential housing units. Three-fourths of the market is made up of single-family housing, with 71% being standalone detached units and 4% being attached. Multi-family housing (2+ units) comprises 25% of the market (See Table 28). A much larger percentage of housing is vacant in Anniston (20%) than in Calhoun County (13%). Based on 2005-2009 ACS data, the median home value is $91,900 and the median rent is $380, an increase of 37% and 36% respectively since 2000 (See Table 30). Approximately 75% of those who rent pay less than $500 per month, with the remaining quarter paying $500 to $100. Less than one-half of one percent of the population pays $2,000 or more per month (See Table 31). For very low-income renter households, only 14% of affordable units were available, while nearly a third were available to low-income households and over half were available to moderate income renters. For very low income owner households, 22% of affordable units were available, while nearly a third were available to moderate income households (See Table 32). Fair market rent (FMR) ranged from a low of $463 for an efficiency to $885 for a four bedroom unit. The FMR for the average sized 2 bedroom unit was $636 (See Table 33). Anniston has an aging housing market with 75% of owner and renter occupied housing being built before 1980, which is also an indicator of a high likelihood of the presence of lead-based paint hazards. Approximately, 5% of units on the housing market have been built since 2000 (See Table 35). This trend documents the need for increased housing development activity, especially with regard to affordable housing. In terms of the condition of housing, renters report at least one housing condition at a rate that is almost twice that of owners (43% vs. 23), which is an indicator than renters have a higher need not only for housing that is affordable, but also decent. MA-10 Number of Housing Units – 91.210(a)&(b)(2)Introduction The following IDIS-generated tables reflect the housing market within Anniston. All residential properties by number of units
Table – Residential Properties by Unit Number
Unit Size by Tenure
Table – Unit Size by Tenure
Describe the number and targeting (income level/type of family served) of units assisted with federal, state, and local programs. ACS data shows that Anniston has 13,236 residential units of which 75% is single-family housing (See Table 28). Among owners, 80% of units are comprised of 3 or more bedrooms, while just less than half of rental units (42) have two bedrooms and one-third of units have three or more bedrooms. CDBG funds will be used to conduct rehabilitation activities on both single and multi-family housing units citywide. Provide an assessment of units expected to be lost from the affordable housing inventory for any reason, such as expiration of Section 8 contracts. Based on input from the City of Anniston’s code enforcement staff, a small amount of CDBG funding ($62,696) has been allocated for slums and blight removal through the demolition of condemned housing that has been determined to be a public nuisance. It is estimated that approximately six housing units will be demolished in Year 1. Does the availability of housing units meet the needs of the population? There is a documented need for affordable housing in Anniston and in the communities that comprise that HOME Consortium, especially for low income renters. There is also a need for transitional and permanent housing for homeless persons. Describe the need for specific types of housing: Based on the housing and housing market analysis, the need for the following types of housing has been identified:
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