Regional Housing Submarkets

As part of the Regional Housing Initiative (RHI), the team conducted a submarket analysis. This analysis identifies 2020 census tracts with similar housing characteristics (density, price, market conditions) and groups them accordingly. This submarket analysis uses a Latent Profile Analysis (LPA) via the mclust package in R to group the region's 1,407 eligible census tracts (tracts with no households or population were removed) into one of eight submarkets. The team reviewed the existing conditions of these submarkets to identify their housing challenges and appropriate policies and strategies for each submarket.Census tables used to gather data from the 2016-2020 American Community Survey 5-Year Estimates.Data DictionaryFieldNameSourcesubmarketHousing submarketDVRPChhinc_medMedian household incomeU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020rent_medMedian gross rentU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020ten_rentPercent of households that are renter-occupiedU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020ten_ownPercent of households that are owner-occupiedU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020vcyResidential vacancy rate U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020hhi_150pPercent of households with incomes of $150,000 or higherU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020yb_59ePercent of housing units built in 1959 or earlierU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020yb_6099Percent of housing units built between 1960 and 1999U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020yb_00pPercent of housing units built since 2000U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020unit_1Percent of housing units that are 1 unit in structureU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020unit_2to4Percent of housing units that are 2 to 4 units in structureU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020unit_5pPercent of housing units that are 5 or more units in structureU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020pct_subsidizedPercent of housing units that are federally subsidized (Public housing, Section 8, LIHTC)U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020, National Housing Preservation Database (NHPD)med21Median single family home sale price, 2021 The Warren Group, 2021pct_diffMedian percent change in median single family home sale price, 2016-2021The Warren Group, 2016 & 2021hhs_1Percent of households that are 1-person householdsU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020hhs_2to4Percent of households that are 2- to 4-person householdsU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020hhs_5pPercent of households that are 5 or more person householdsU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020hu_acreHousing units per acreU.S. Census Bureau, ACS 5-Year Estimates, 2016-2020Please contact Brian Carney, bcarney@dvrpc.org, for more information.

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Data & Resources