DOCSLIB.ORG

St. Andrews/Columbia, South Carolina St

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
St. Andrews/Columbia, South Carolina St A RENTAL HOUSING MARKET STUDY FOR St. Andrews/Columbia, South Carolina St. Andrews Pointe Apartments April 2, 2009 Prepared for: South Carolina State Housing Finance and Development Authority 300-C Outlet Pointe Boulevard Columbia, SC 29210 Prepared by: Community Research Services, LLC 2380 Science Parkway Suite 107 Okemos, MI 48864 (517) 827-6411 Copyright © 2009, Community Research Services, LLC A Rental Housing Market Study for St. Andrews/Columbia, South Carolina Table of Contents SECTION 1: INTRODUCTION ................................................................................................. 1 SECTION 2: EXECUTIVE SUMMARY ................................................................................... 2 SECTION 3: PROJECT DESCRIPTION.................................................................................. 4 SECTION 4: MARKET PROFILE ............................................................................................ 6 SITE EVALUATION/CHARACTERISTICS ..................................................................................................6 Map: Local Features/Amenities............................................................................................................................8 Site Photos.............................................................................................................................................................9 CRIME STATISTICS.................................................................................................................................13 Table 4.1: Crime Data.........................................................................................................................................14 PRIMARY AND SECONDARY MARKET AREA DELINEATION................................................................15 Map: State of South Carolina .............................................................................................................................17 Map: Primary Market Area – By Census Tracts ................................................................................................18 ECONOMIC CHARACTERISTICS.............................................................................................................19 Table 4.2: Employment by Industry (2000) ........................................................................................................19 Table 4.3: Employment by Occupation (2000) ...................................................................................................20 Figure 1: Area Employment Growth ..................................................................................................................22 Figure 2: Unemployment Rate Comparison.......................................................................................................22 Table 4.4: Employment Trends...........................................................................................................................23 Table 4.5: Major Employers................................................................................................................................24 Map: Area Employers.........................................................................................................................................25 COMMUTING PATTERNS........................................................................................................................26 Map: Commuting Patterns (2000).......................................................................................................................27 WAGES BY OCCUPATION .......................................................................................................................28 Table 4.6: Wages by Occupation – 2001 to 2006...............................................................................................29 Figure 3: Employment by Industry – 2001 to 2006 ............................................................................................29 SECTION 5: COMMUNITY DEMOGRAPHIC DATA ........................................................ 30 POPULATION TRENDS ............................................................................................................................30 Table 5.1: Population Trends (2000 to 2011) ....................................................................................................30 AGE DISTRIBUTION................................................................................................................................31 Table 5.2: Age Distribution (2000 to 2011)........................................................................................................32 Table 5.3: Average Household Size (2000 to 2011) ...........................................................................................33 HOUSEHOLD TRENDS.............................................................................................................................34 Table 5.4: Household Trends (2000 to 2011).....................................................................................................34 Table 5.5: Renter Household Trends (1990 to 2000) .........................................................................................35 MEDIAN GROSS RENT AND UNIT SIZE..................................................................................................36 Table 5.6: Median Gross Rent (1990 to 2000) ...................................................................................................36 Table 5.7: Rental Unit Size Distribution (2000).................................................................................................36 GROUP QUARTERS .................................................................................................................................37 Table 5.8: Group Quarters (1990 to 2000) ........................................................................................................37 SECTION 6: HOUSEHOLD INCOME TRENDS .................................................................. 38 INCOME TRENDS ....................................................................................................................................38 Table 6.1: Median Household Incomes (1999 to 2011)......................................................................................38 A Rental Housing Market Study for St. Andrews/Columbia, South Carolina INCOME-QUALIFIED POPULATION .......................................................................................................39 Table 6.2: Household Income by Tenure – PMA (2008) ....................................................................................39 Table 6.3: Household Income by Tenure – St. Andrews CDP (2008) ................................................................40 Table 6.4: Household Income by Tenure – Richland County (2008)..................................................................41 Table 6.5: Future Household Income Distribution (2011) - PMA......................................................................42 SECTION 7: DEMAND ANALYSIS........................................................................................ 43 DEMAND FOR TAX CREDIT RENTAL UNITS .........................................................................................43 Table 7.1: Demand Calculation by Income Targeting (2011)............................................................................45 CAPTURE AND ABSORPTION RATES......................................................................................................46 SECTION 8: SUPPLY ANALYSIS .......................................................................................... 47 HOUSING STOCK COMPOSITION ...........................................................................................................47 Table 8.1: Housing Stock Composition (2000)...................................................................................................47 SUBSTANDARD HOUSING .......................................................................................................................48 Table 8.2: Substandard Housing (2000).............................................................................................................48 LOCAL RENTAL MARKET CHARACTERISTICS.....................................................................................49 Table 8.3: Rental Housing Survey ......................................................................................................................52 Table 8.4: Rent Range for 3 Bedrooms...............................................................................................................53 Table 8.5: Amenities ...........................................................................................................................................54 COMPARABLE RENTAL PROJECTS........................................................................................................55 Map: Comparable Rental Developments............................................................................................................56 PROGRAMMATIC RENTS........................................................................................................................59 Table 8.6: Programmatic Rent Comparisons ......................................................................................................59 SECTION 9: INTERVIEWS ....................................................................................................
Load more

Recommended publications
  • Parkside at Columbiana Apartments
    Market Feasibility Analysis Parkside at Columbiana Apartments Irmo, Richland County, South Carolina Prepared for: Parkside at Columbia, LP Site Inspection: January 24, 2019 Effective Date: January 24, 2019 Parkside at Columbiana | Table of Contents TABLE OF CONTENTS TABLE OF CONTENTS .............................................................................................................. I TABLES, FIGURES AND MAPS ................................................................................................ III EXECUTIVE SUMMARY........................................................................................................... 1 1. INTRODUCTION .............................................................................................................. 6 Overview of Subject .....................................................................................................................................6 Purpose of Report ........................................................................................................................................6 Format of Report..........................................................................................................................................6 Client, Intended User, and Intended Use.....................................................................................................6 Applicable Requirements .............................................................................................................................6 Scope of Work..............................................................................................................................................6
    [Show full text]
  • Freight Plan Update
    2020 SOUTH CAROLINA STATEWIDE FREIGHT PLAN UPDATE SOUTH CAROLINA DEPARTMENT OF TRANSPORTATION i CONTENTS 1 Introduction............................................................................................................................................... 1 1.1 FAST Act and the South Carolina Statewide Freight Plan ................................................................. 1 1.2 Freight Transportation Goals and Objectives for South Carolina ..................................................... 3 1.3 Stakeholder Input ............................................................................................................................. 5 Survey Audience .................................................................................................................. 6 Survey Structure .................................................................................................................. 7 Respondent Demographics.................................................................................................. 7 Survey Highlights ................................................................................................................. 7 1.3.4.1 Freight Infrastructure ................................................................................. 7 1.3.4.2 Truck Parking .............................................................................................. 9 1.3.4.3 Freight Survey Interactive Map ................................................................ 10 1.4 Freight Advisory Committee
    [Show full text]
  • WELCOME GAMECOCKS! the Out-Of- State Guide to Gamecock Country
    WELCOME GAMECOCKS! The Out-of- State Guide to Gamecock Country Student Success Center University of South Carolina Dear Out-of-State Student, Welcome to South Carolina! We are so pleased to have you share your undergraduate experience here with us. Your time here will not only be a great experience, but you will find yourself being exposed to so many new and exciting things. Columbia, South Carolina and the University of South Carolina is a great place filled with limitless opportunities for you to explore our great university, but also our city and state! If you are from the northern, western or midwestern states, the southern experience is one you are sure to enjoy. The great weather, great food and the southern hospitality makes you feel right at home. It’s important to get involved! Take advantage of all the activities and opportunities available to you here. We have exciting programs and services available just for out-of-state students like you! The University of South Carolina is your new home away from home, so make your time here exciting and worthwhile. The purpose of this guide is to get you started on your journey and adjustment as well as provide you with the basic essentials you need to make a successful transition into USC. We wish you all the best and congratulate you on your decision to attend the University of South Carolina. Have a great semester. Go Gamecocks! Sincerely, Paul S. Millard Coordinator of Transfer & Special Student Population Services Student Success Center Thomas Cooper Library Twitter: 803-777-4163 @UofSCOutofState
    [Show full text]
  • Statewide Interstate Corridor Plan Fiscal Years 2008-2030
    Statewide Interstate Corridor Plan Fiscal Years 2008-2030 Summary of Needs The SCDOT currently maintains 829 centerline miles of interstate. This includes all mainline resurfacing, drainage, signing, pavement markings, guardrail replacement, lighting, and Intelligent Transportation Systems (ITS). In addition to these maintenance activities, SCDOT is also responsible to address the interstate capacity needs in our state. This includes both the reconstruction of existing interstate interchanges, as well as providing additional travel lanes or alternative transportation options where the existing level of service has reached capacity. Currently, the interstate system in South Carolina has 45 centerline miles of capacity needs. By 2030, to maintain an acceptable of level of service, that number will grow to 445 miles. In addition, close to 50 interstate interchanges across the state are in need of reconstruction to allow for today’s traffic flow. The challenge we face is the cost to provide for the construction of these additional capacity and reconstruction projects. In 2008, providing an additional lane in each direction on an interstate mainline is estimated to cost almost $20 million per mile for design, right of way acquisition, and construction. The cost to design, purchase right of way, and reconstruct an urban interchange averages over $40 million. A rural interstate interchange would cost slightly lower, averaging close to $35 million to construct. Our current interstate funding levels projected to 2030 total 2.86 Billion. Based on the construction needs listed above, South Carolina’s unconstrained interstate funding needs to 2030 would need to be more than $11 Billion in today’s dollars. Inflation over the period will make this number grow dramatically.
    [Show full text]
  • Newberry – Columbia Alternatives Analysis Final Report
    Newberry – Columbia Alternatives Analysis Final Report Newberry – Columbia Alternatives Analysis Final Report March 2014 Prepared by In association with Community Design Group Connetics Transportation Group Hatch Mott MacDonald Planners for Environmental Quality SR Concepts Newberry – Columbia Alternatives Analysis Final Report TABLE OF CONTENTS Executive Summary……………………………………………………………………………………………………..ES 1.0 Introduction ........................................................................................................................ 1 1.1 Corridor Description ............................................................................................... 2 1.2 Transportation Network Facilities .......................................................................... 3 2.0 Planning Context ................................................................................................................ 5 2.1 Roadways ................................................................................................................ 5 2.1.1 Physical Roadway Conditions ..................................................................... 5 2.1.2 Traffic Volumes and Patterns...................................................................... 6 2.1.3 Congestion .................................................................................................. 8 2.2 Transit Services ..................................................................................................... 12 2.2.1 SmartRide .................................................................................................
    [Show full text]