Peak Plan 2030: the Apex Comprehensive Plan Overview
Apex Today Prepared for: Town of Apex 73 Hunter Street Apex, NC 27502 www.apexnc.org Prepared by: LandDesign, Inc. Kimley-Horn and Associates, Inc. February 7, 2013 TABLE OF CONTENTS INTRODUCTION PAGE 1 COMMUNITY PARTICIPATION PAGE 4 CONTEXT PAGE 4 ECONOMIC & DEMOGRAPHIC CONDITIONS PAGE 5 LAND USE PAGE 13 COMMUNITY CHARACTER PAGE 20 COMMUNITY FACILITIES PAGE 23 HISTORIC & CULTURAL RESOURCES PAGE 32 ENVIRONMENT & NATURAL RESOURCES PAGE 34 INTRODUCTION Since completion of the current Apex Comprehensive Plan in 2004, the nation suffered one of the worst economic and fiscal crises in recent history. In many communities economic stagnation resulted in declining home values, widespread foreclosures, limited consumption and high unemployment. High growth areas were especially hard hit. And while Apex can definitely be considered a high growth community with an average compounded annual growth rate of approximately 5% over the last ten years, the Town weathered the difficult economic downturn with encouraging resiliency. In fact, in a recently published study comparing the 2012 average assessed value to sales price ratio of homes in the Triangle, Apex’s homes retained their value better than all neighboring jurisdictions1. In addition, since 2004 the average single-family home price has risen from $178,800 to $249,274 today. Approximately 3,725 housing units have been built in Apex’s jurisdiction since 2004, with nearly 20% of those homes being built between 2008 and 2010. Not only have property values increased significantly, but the Town has continually added facilities and services to ensure a high quality of life for residents. Approximately 9,000 linear feet of new greenways have opened, four miles of sidewalk have been constructed, three parks, including Apex’s first dog park, have opened and nearly 60 miles of roadway have been improved including significant sections of the Apex Peakway.
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