Update on Housing in Cumberland and Perry Counties
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Update on Housing in Cumberland and Perry Counties Prepared for the Cumberland County Housing and Redevelopment Authorities by The Reinvestment Fund December, 2009 Profile of TRF The Reinvestment Fund builds wealth and opportunity for low-wealth communities and low and moderate income individuals through the promotion of socially and environmentally responsible development. We achieve our mission through: Capital – Grants, loans and equity investments Knowledge – Information and policy analysis; Policy Solutions & PolicyMap Innovation – Products, markets and strategic partnerships Table of Contents I. Map of Cumberland County II. Map of Perry County III. Data Sources IV. Characteristics of the Population V. Characteristics of the Housing Stock VI. Home Prices & Rent Levels VII. Income & Economic Characteristics VIII. Employment & Industry IX. Home Financing Cumberland County Perry County Data Sources US Department of Commerce, Bureau of the Census; – Summary File 3, 2000 – American Community Survey, 2005-2007 (3-year estimate) – American Community Survey, 2006-2008 (3-year estimate) – Population Division – Public Use Microdata Sample US Department of Agriculture, National Agricultural Statistics Service Federal Housing Finance Agency Boxwood-Means (through PolicyMap) US Bureau of Labor Statistics Data Sources (continued) Pennsylvania Department of Labor & Industry, Center for Workforce Information and Analysis Pennsylvania Department of Public Welfare, Office of Income Maintenance Pennsylvania State Tax Equalization Board Pennsylvania Department of Revenue National Establishment Times Series US Department of Housing and Urban Development (Mid-Atlantic Homeownership Center) Home Mortgage Disclosure Act Data Sources (continued) Lender Processing Services (acquired McDash Analytics, LLC) Pennsylvania Housing Finance Agency (Act 91 Notices and HEMAP Applications) Population in Cumberland County; 2000-2008 Percent Change 2000-2008 = 7.2%; PA = 1.3% Population in Perry County; 2000-2008 Percent Change 2000-2008 = 3.6%; PA = 1.3% Total Population; 2007 Components of Population Change; 2000-2008 Population Density; 2008 Absolute Population Change; 2000-2007 Percent Change in Population; 2000-2007 Distribution of Population Cumberland: 18 of 33 munis are rural Perry: 29 of 30 munis are rural n=33 n=30 Age of Population; 2000 Age of Population; 2007 (3-yr estimate) Spanish Ethnicity of Household Heads; 2000-2007 (3-yr estimate) Racial Composition of Household Heads; 2000-2007 (3-yr estimate) Housing Units in Cumberland County; 2000-2008 Percent Change 2000-2008 = 9.6%; PA = 4.5% Housing Units in Perry County; 2000-2008 Percent Change 2000-2008 = 4.3%; PA = 4.5% Ratio of Population to Housing Units; 2000-2008 Homeownership Rate 2006-2008: 72.2% 2006-2008: 80.8% 2006-2008: 71.4% Vacancy Rate 2006-2008: 4.3% 2006-2008: 12.3% 2006-2008: 10.9% Composition of Vacant Stock Building Permits Issued in Cumberland County Building Permits Issued in Perry County Median Gross Rent Pct Chg = 28.1% Pct Chg = 34.7% Pct Chg = 24.7% Median Gross Rent as a Percent of Income Gross Rent as a Percentage of Income FHFA Housing Price Index Median Home Value Pct Chg = 42.3% Pct Chg = 43.1% Pct Chg = 60.2% Median Sale Price; 2008 Change in Median Sale Price; 2007-2008 Mortgage Status of Owner Occupied Homes Owner Cost Burdens for Owners With Mortgages Owner Cost Burdens for Owners Without Mortgages HUD Public Housing; circa, 2000 Cumberland County Public Housing Name Total Units % Occupied Carlisle Family Apts 74 100.0% Carlisle Family Apts 25 92.0% Cumberland Co Hsng Auth 49 100.0% Cumberland Co Hsng Auth 50 100.0% Mt Holly Springs Elderly 9 100.0% HUD-Assisted Multi-Family Stock; circa, 2007 Cumberland County HUD Multi‐Family Earliest Contract Contract 1 Program Contract 1 Property Name Owner Organization Name Owner Company Type City Total Units Expiration Date Type Status CUMBERLAND ELDERLY MALLARD RUN HOUSING ASSOCIATES Profit Motivated CAMP HILL 100 4/20/2011 Other S8 New Active BETHANY DEVELOPMENT Bethany Towers CORP. Non‐Profit MECHANICSBURG 150 12/28/2008 Sec. 202 Active SUSQUEHANNA VIEW SUSQUEHANNA VIEW L. P. Profit Motivated CAMP HILL 200 2/14/2019 S8 State Agency Active ORCHARD APARTMENTS ORCHARD APTS ASSOCIATES CAMP HILL 80 5/31/2013 S8 State Agency Active Shippen House Home for Shippensburg, Inc. Non‐Profit SHIPPENSBURG 24 8/31/2007 PRAC 202/811 Active CARLISLE SENIOR HOUSING ONE WEST PENN ASSOCIATION Non‐Profit CARLISLE 131 12/12/2009 Sec. 202 Active EPISCOPAL EPISCOPAL SQUARE APARTMENTS TOWERS/SHIPPENSBURG, PA Non‐Profit SHIPPENSBURG 95 12/30/2009 Sec. 202 Active Perry County HUD Multi‐Family Earliest Contract Contract 1 Program Contract 1 Property Name Owner Organization Name Owner Company Type City Total Units Expiration Date Type Status PERRY MANOR Perry Manor, LLC Profit Motivated NEWPORT 50 8/18/2010 S8 State Agency Active USDA Rural Housing Development Sites; circa, 2007 Cumberland County USDA Rural Housing Rental Assistance Section 8 Project Name Location City State Zip Complex Type Total Units Units Included Units Units 0 studio apts; 12 1‐BR apts; 30 2‐BR apts; 6 3‐BR apts; BOILING SPRINGS APTS. 297 PLAZA DRIVE BOILING SPRINGS PA 17007 FAMILY 48 0 4‐BR apts; 0 5‐BR apts; 0 6‐or more‐BR apts 0 48 1051 ALLENDALE 0 studio apts; 148 1‐BR apts; 0 2‐BR apts; 0 3‐BR apts; MEADOWOOD APTS C/O INTERSTATE REAL ROAD MECHANICSBURG PA 17055 ELDERLY 148 0 4‐BR apts; 0 5‐BR apts; 0 6‐or more‐BR apts 121 0 91 DOUBLING 0 studio apts; 20 1‐BR apts; 0 2‐BR apts; 0 3‐BR apts; 0 MOUNTAIN VIEW APTS GAP ROAD NEWVILLE PA 17241 ELDERLY 20 4 ‐BR apts; 0 5‐BR apts; 0 6‐or more‐BR apts 20 0 MOUNT HOLLY 0 studio apts; 12 1‐BR apts; 24 2‐BR apts; 0 3‐BR apts; PINE RIDGE ESTATES 601‐7 PINE ROAD SPRI PA 17065 FAMILY 36 0 4‐BR apts; 0 5‐BR apts; 0 6‐or more‐BR apts 13 0 Perry County USDA Rural Housing Rental Assistance Section 8 Project Name Location City State Zip Complex Type Total Units Units Included Units Units 0 studio apts; 30 1‐BR apts; 0 2‐BR apts; 0 3‐BR apts; 0 EPISCOPAL COMMONS 502 S 4TH ST NEWPORT PA 17074 ELDERLY 30 4‐BR apts; 0 5‐BR apts; 0 6‐or more‐BR apts 30 0 200 LEONARD 0 studio apts; 32 1 ‐BR apts; 0 2‐BR apts; 0 3‐BR apts; 0 LOCUST VILLAGE STREET MARYSVILLE PA 17057 ELDERLY 32 4‐BR apts; 0 5‐BR apts; 0 6‐or more‐BR apts 32 0 302 NORTH PINE 0 studio apts; 20 1‐BR apts; 0 2‐BR apts; 0 3‐BR apts; 0 PINE STREET COMMONS STREET LIVERPOOL PA 17045 ELDERLY 20 4‐BR apts; 0 5 ‐BR apts; 0 6‐or more‐BR apts 20 0 Distribution of Household Income in Cumberland and Perry Counties; 2000-2007 Distribution of Household Income for the Remainder of Pennsylvania; 1990-2007 Median Household Income; 2007 Unemployment Rate, 2000 – July 2009 September 2009 (NSA): US = 9.5 PA = 8.3 Cumberland = 6.8 Perry = 8.1 TANF – ADC Recipients; 2004 – July 2009 Total Recipients of Cash Assistance; 2004 – July 2009 Personal Income Tax; 2004 – 2007 Cumberland Perry Percent Percent 2004 2005 2006 2007 Chg; 04‐07 2004 2005 2006 2007 Chg; 04‐07 Taxable Compensation$ 4,289,561 $ 4,522,380 $ 4,631,824 $ 4,939,555 15%$ 702,128 $ 715,632 $ 751,626 $ 797,104 14% Interest$ 82,637 $ 103,720 $ 140,699 $ 178,726 116%$ 10,831 $ 11,946 $ 15,744 $ 19,581 81% Dividends$ 113,164 $ 148,836 $ 181,158 $ 244,920 116%$ 8,686 $ 10,270 $ 12,151 $ 16,320 88% Net Profits$ 471,457 $ 464,343 $ 511,467 $ 586,338 24%$ 53,891 $ 49,045 $ 52,844 $ 58,778 9% Other Taxable Income$ 320,082 $ 419,513 $ 398,929 $ 514,475 61%$ 24,460 $ 28,603 $ 35,617 $ 30,158 23% Total Taxable Income$ 5,276,901 $ 5,658,792 $ 5,864,077 $ 6,464,014 22%$ 799,996 $ 815,496 $ 867,982 $ 921,941 15% Estimated Population 220,661 222,538 225,488 227,203 3% 44,264 44,488 44,801 45,085 2% Total Tax per Person$ 23.91 $ 25.43 $ 26.01 $ 28.45 19%$ 18.07 $ 18.33 $ 19.37 $ 20.45 13% Certified Market & Assessed Values; 2000 – 2007 Cumberland Perry Assessed Value Market Value Assessed Value Market Value 2000$ 2,022,343,080 $ 10,532,730,500 $ 268,279,504 $ 1,500,058,100 2001$ 14,019,872,910 $ 10,589,162,900 $ 1,819,799,590 $ 1,519,547,300 2002$ 14,197,257,600 $ 11,508,161,700 $ 1,833,080,350 $ 1,577,714,100 2003$ 14,589,047,550 $ 11,880,629,700 $ 1,844,850,860 $ 1,586,708,600 2004$ 14,898,229,960 $ 12,917,621,900 $ 1,873,112,190 $ 1,683,993,700 2005$ 16,973,295,233 $ 13,199,734,800 $ 1,901,009,230 $ 1,712,758,800 2006$ 17,773,351,032 $ 15,251,725,200 $ 1,954,834,730 $ 1,923,127,500 2007 $ 18,360,205,160 $ 15,818,988,900 $ 1,988,685,820 $ 1,962,122,300 Percent Change; 00‐07 NA 50.2% NA 30.8% Percent Change; 05‐07 8.2% 19.8% 4.6% 14.6% Agriculture Farms Farmland‐Acres Farmland‐Pct of Land Preserved Farms (2008) 2002 2007 2002 2007 2002 2007 Farms Acres Cumberland 1,116 1,550 143,159 157,388 40.7% 44.7% 108 13,358 Perry 752 1,002 129,092 144,375 36.4% 40.8% 32 5,313 Cumberland Perry Avg Acres, 2002 128 172 Avg Acres, 2007 102 144 Under 50 Acres 52.0% 36.6% 50‐179 Acres 34.3% 40.2% 180‐499 Acres 10.2% 18.7% 500+ Acres 3.6% 4.5% Employment in Cumberland County; 2008 Employment in Perry County; 2008 Cumberland County Largest Employers, 4th Qtr 2008 Total Employment, Company City 2008 NAVY UNITED STATES DEPT OF MECHANICSBURG 3,000 DEFENSE LOGISTICS AGENCY NEW CUMBERLAND 2,200 NAVY UNITED STATES DEPT OF MECHANICSBURG 1,700 HOLY SPIRIT HOSPITAL SISTERS CAMP HILL 1,459 FRY COMMUNICATIONS INC MECHANICSBURG 1,050 INGERSOLL‐RAND COMPANY SHIPPENSBURG 1,000 CORRECTIONS PENNSYLVANIA DEPT CAMP HILL 1,000 CARLISLE H M A CIN CARLISLE 852 SHIPPENSBURG UNIVERSITY PA SHIPPENSBURG 824 NAVY UNITED STATES DEPT OF MECHANICSBURG 800 ELECTRONIC DATA SYSTEMS CORP CAMP