middle housing in the station area context · hb2001 estimated net new units within 112 mile of max...

Middle Housing in the Station Area Context

Tyler BumpProject Director, ECONorthwest

What does middle housing look like?

One-Bedroom Rents

Source: ECONorthwest

$64.46

$41.88

$(0.75)

$(10.00)

$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

Inner Portland Middle Portland Outer Portland

Per S

quar

e Fo

ot R

esid

ual L

and

Valu

e

Fourplex Residual Land Value

Development Feasibility Analysis

Source: ECONorthwest

Development Feasibility Analysis

¼ Mile Distance

Source: ECONorthwest

Development Feasibility Analysis

½ Mile Distance

Source: ECONorthwest

Source: ECONorthwest

Source: ECONorthwest

Source: ECONorthwest

Station Area Housing Forecast

2,410

506

0

500

1,000

1,500

2,000

2,500

3,000

Multifmaily Middle Housing

20 Y

ear F

orec

ast U

nits

Rosa Parks Station Area Forecast Units

Middle housing policy increases market feasible capacity by 20% in the station area.

Source: ECONorthwest

Middle Housing as a Middle Income Housing Strategy

179%

104%

157%

91%

0%

20%

40%

60%

80%

100%

120%

140%

160%

180%

200%

Inner Single Family Inner Fourplex Middle Single Family Middle Fourplex

Med

ian

Fam

ily In

com

e

Source: ECONorthwest

Development Markets Across the Region Vary

Regional Development Feasibility

Source: ECONorthwest

Regional LRT Station Area Feasibility

Source: ECONorthwest