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  2. Board Of Aldermen - Minutes - 10/27/2020 - P28

Board Of Aldermen - Minutes - 10/27/2020 - P28

By dnadmin on Sun, 11/06/2022 - 22:56
Document Date
Tue, 10/27/2020 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 10/27/2020 - 00:00
Page Number
28
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__102720…

Accommodating Future Growth

ASSOCIATES INC

2030 Projections if 2018 Household 2030 Projections if Trends Continued
Composition Held Constant Based on Changes from 2013-2018
Source: EMSI, ACS 2013, 2018, RKG Associates Source: EMSI, ACS 2013, 2018, RKG Associates
HH Size HHs % of Total HH Size HHs % of Total
1-person 1,446 30.3% 1-person 1,710 35.9%
2-person 1,648 34.6% 2-person 3,148 66.0%
3-person 723 19.2% 3-person -329 -6.9%
4-person 604 12.7% 4-person 199 4.2%
9-or-more person 348 7.3% 5-or-more person 42 0.9%
Total 4,769 100% Total 4,769 100%

If current breakdown of owner and renter households continues, City will need a mix of
ownership and rental housing

If recent trends continue, City will need to focus more on the creation of rental housing and
smaller units

Given low vacancy rates in both owner and renter markets, there is room for growth in both
segments

City must also consider a percentage of new employees will want to live in Nashua as well

Page Image
Board Of Aldermen - Minutes - 10/27/2020 - P28

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