Annual Data and Assumptions Report July 2019
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Annual Data and Assumptions Report July 2019 COMMUNITY & STRATEGIC PLANNING DIVISION DEVELOPMENT SERVICES DEPARTMENT 410 E 5TH STREET • LOVELAND, CO • PH. 970-962-2745 • www.CityofLoveland.org/DC Top: Rialto Theater Left: A City with HeART Middle: Downtown Loveland Right: Northern Colorado Regional Airport ANNUAL DATA AND ASSUMPTIONS REPORT 2019 Welcome This report provides general organizations, and businesses outside from City departments should quote information regarding the City’s the City to assist in preparing reports, population numbers or estimates as people, housing, and economy. This feasibility studies, market studies, etc. presented in this report. The report will information is intended to serve as the It is intended that access to this central be updated annually. basis for projections and assumptions source of information will ensure better in operational and financial plans consistency in the assumptions and generated by City departments and information included in such reports. divisions. We also hope this report For example, all documents, plans, web will provide information for citizens, pages, and information disseminated REGIONAL CONTEXT 1 ECONOMY 15 Commercial Vacancy Rates.................................15 LOCAL SNAPSHOT 2 Commuting Mode (mode split) ..........................16 Land Area and Annexations ..................................3 Household Income .............................................17 Median Family Income .......................................18 PEOPLE 4 Educational Attainment ......................................18 Population and Housing Estimates and Consumer Price Index.........................................19 Projections ............................................................4 Labor Force & Unemployment Rate ..................19 Population Age Distribution .................................6 Employees by Industry Type ...............................20 Race, Ethnicity and Sex .........................................7 Loveland’s Largest Employers .............................20 Households by Type..............................................7 Sales and Use Tax ................................................21 Residence One Year Ago .......................................8 Property Tax ........................................................21 Disability Status ....................................................8 Sales Tax Rate .....................................................22 Personal Income Tax ..........................................22 HOUSING 9 Centerra Fee District ...........................................22 Housing Tenure .....................................................9 Corporate Income Tax ........................................22 Residential Building Permits ...............................10 Food and Home Consumption Tax Rate .............22 Dwelling Units by Type .......................................11 Average Home Sale Price ....................................12 Residential Inventory ..........................................13 Apartment Vacancy Rate ....................................14 Median Rent .......................................................14 Image: Lake Loveland & Scuplture ANNUAL DATA AND ASSUMPTIONS REPORT 2019 HOW DOES THIS DATA WORK? Loveland is a home rule municipality Since the Census only happens every Certain, more localized data sets, such who has a strong collaborative 10 years, most of the information is as vacancy rates or building permits relationship with the North Front based on the ACS estimates because it can be aggregated on an annual basis. Range Metropolitan Organization is an ongoing survey that provides vital Therefore, these data sets are able to and the State Demographer’s Office. information on a yearly basis. have 2018 year end numbers. These Understanding the numbers in more granular numbers, in turn, are this report is crucial as it provides The challenge with this information used in helping Loveland project how it foundational information regarding being collected, is it must be sorted will budget and where it will see change the City’s demographics. and analyzed prior to distribution, and over the coming years. thus, the actual numbers are based on The majority of the information the most recent ACS 5-year estimates For any additional questions, please contained in this document comes which are from 2013 to 2017. All of the contact: from the U.S. Census Bureau and other short-term forecasts, i.e. 2019 Community & Strategic Planning the American Community Survey and 2020, are calculated on proposed P: 970.962.2745 (ACS) 5 Year Estimates (ACS is projects and other economic factors. E: [email protected] a part of the Census Bureau). REGIONAL CONTEXT Loveland is located in the emerging and dynamic Northern Colorado region. With a population of 77,231 at the end of 2018 within a 35 square mile area, Loveland has enjoyed a steady population growth of approximately two percent annually over many years. The community is located 46 miles north of downtown Denver on the I-25 Corridor. Nestled in a valley at the entrance to the Big Thompson Canyon with a short ride to the Rocky Mountain National Park, Loveland is known as the Gateway to the Rockies. 1 Annual Data and Assumptions Report 2019 LOCAL SNAPSHOT • Incorporated: 1881 • Recreation: • Government Type: Home Rule Municipality 492 acres of park land 28 natual areas/open spaces • County: Larimer 35 city parks and 1 sports complex • Population: 77,231 4,600 acres of preserved open lands 22 miles of recreational trails • Land Area: 35.63 Square Miles New outdoor fitness park • Housing Units: 32,587 3 golf courses and a mini course • Education and Schools: Lake Loveland Swim Beach Thompson R2J School District Senior center Aims Community College Outdoor swimming pool Colorado Christian University • Transportation: Nearby colleges include: Northern Colorado Regional Airport Colorado State University (Fort Denver International Airport, DIA (70 Collins), University of North Colorado miles) (Greeley), University of Colorado at City of Loveland Transit (COLT) Boulder FLEX Bus Route • Median Home Sale Price: $398,664 I-25, Hwy 34, Hwy 287 • Median Family Income: $75,398 • Shopping Centers: Downtown Loveland *All data from City of Loveland or ACS 2013-2017 5 Year Summaries Promenade Shops at Centerra City Limits Map Updated: uly 2019 NELSON RESERVOIR CINDY LN RUNS DR COUNTY ROA 30 LOUDEN DITCH COUNTY ROA 30 71ST ST W 71ST ST DONATH LAKE COUNTY ROA 30 AM ER N FRANKLIN AE ICA N O AK S ST APLAN CT W 69TH ST W 69TH CT N COUNTY ROAD 17 LOVELAND LN OALAWN W 67TH CT TRAVERS STAKES ST W 67TH ST TRADEWIND CT L ACHORAGE CT O U SCHOONERS CT D W 66TH ST LAGUNA CT EN SASIDE DR D I TC CITY LIMITS BURLINGTON NORTHERN RR W 65TH ST H W 65TH ST SA GULL CIR EDEN GARDEN DR WISTRIA DR Northern Colorado N COUNTY ROAD 19 ROCKWELL AVE KIELAR LN Regional Airport (FML) AIATION CIR ROCKWELL CT N COUNTY ROAD 13 SA GULL CT OZARK ANGROV DR BYRD DR AVE W 64TH ST OSCEOLADR UINTA BOYD LAK AVE AVE TAHOE ROUTT DR CT CATAMARA CT MENDOCINO ANISTEE DR CLEARWATER DR TAHOE DR CIBOLA TONGASSAVE AVE CT NICOLET HIGHLADMADOWS PWY DR N COUNTY ROAD 11C MOSSCUP CT SEN RD LARCH PL N SANT LOUIS AVE PPER DR N BRRY DR N APPLE DR WRIGHT DR LAGLEY AVE MEADOW CREE LN LOCKHEED AVE PUMA DR Windsor ASPEN VIEW CT BOEING DR ANGROV CT S BERRY DR S APPLE DR 57TH ST W 57TH ST ROO KNOLLS WAY LAZEAR ST FLORISSAT ST ARHART RD ARHART RD PTTS DR COLUMBIN DR DUFFIELD AVE CHIVINGTON ST LAR DR AVE CHESTNUT DR N GRAT AVE ANNA DR OLATHE AHERAVE PTARMIGAN CIR MEYERS DR GABRIEL DR R AROYA ST DRAULT HOEHNE ST GOLDCO DR GUFFEYAVE D CH GRUMMAN ST N TAFT AVE T AISER LN LINDBERGH DR ARENA CIR O TAFT I BOYD LAKE D R D PTARMIGAN RUN STAGGRWING DR N D FARMS N U E PL E CLARWATR DR G L D VONA DR E L L O U S A LARIAT DR S RACH ACRES DR CSSNA DR A L WETLAND CORAL BURST DR AHERAVE CORAL BURST CIR R BEECHCRAFT ST BYRD DR E ST AIATOR AVE D APRICOT CT ORCHARD DR M CRAAPPLE CT B S E CORAL BERYL LN A R IM S P NORTHROP ST R A A TIMBERLAND I URST L C N W 52ND ST O R A ST D T CT GRANITE ST A D D D NORWOOD AE Y V FARMLAND R R GULFSTREAM CT E D W W 51ST ST GNAR ST ST O L FALL G I N DRLAND E D STEARAN ST AVON AVE AVON 50TH ST NATURITA ST ST R AE CRAAPPLE DR W 50TH ST HOMELAD RAGELAND EDGEWOOD DR ALADAR DR W 50TH ST W 50TH ST ST DUFFIELD AVE CIRRUS ST 48TH ST AK DR ASSADONA PL W 50TH ST ASSWOOD DR RAIANT DR HORSESHOE LAKE O WINTER PAR ST Y ALABAMA ST AON AVE LE DGAS DR L CT 4 A SUNDANCE DR WYETH CT CT SURAT 1. 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CRIVELLI CT GEORGTOWN E ROLLINSILLE AVE RODIN DR PARK AE AUTUMN P R E E WOODLAND T SLVER SORE IC R R S R D O CT AS O W 48TH ST PURPLE DR T S SOWMASS AVE I E NORWA LAKE D G E SUNALLEY DR O RIDG PARK WAY STEABOAT SPRINGS ST S TENNES E DATE CT LUCERNE AVE ASSACHUSETTS ST N H I MAPLE DR AVE N E A S RAPHAL ST NW JERSE AVE M ENGLISH F SENNA N GRAT AVE D C HOLLY R F AVE D O RECKENRIDGE PL Y A D MISSISSIPPI ST PATMORE CT SORE R N WILSN AVE DR I OAK CT VI C I N AUTUMN O CT OKEEFFAVE RACH ACRES DR SUNV U ATONIO CT N O SERIDAN AVE ASH DR N HARRISON AVE ENGLEMAN PL C SUNWOOD DR N N MIMOSA ST RENOIR VAN GOGHVAN PURPLE CASSATT A IW DR T U N ROOSEVLT AVE R WALDEN CT V CT W 48TH ST CT NW HAMPSHIRE ST LONGSPUR ST D A S E AVE LAPORTE AVE T CASSATT ST DONATELLO