Randy Weaver, a North Coast Labor Market Consultant, did a Humboldt
Housing Affordability presentation to the Redwood Region Economic Development
Commission (RREDC) this week and some of the quick observations were pretty
interesting. There has been very little growth in Eureka over the last umpteenth
years.
The
median price for a home in Eureka is $250,000. $317,000 in McKinleyville and
….$459,000 in Redway!
Rental Vacancy rates in Eureka are at 3.4%. Fortuna has 9%
available.
Renters represent 61% of Eureka Housing.
64%
of all houses in Eureka were built before 1959! 32% of them were built before
1939!
Only
2% of the houses were built between 2000-2009. From 2010 to present there has
been less than 1%.
Only
23% of residents can afford to buy a house. In 2007 it was only
11%!
When
businesses are looking to relocate the most important criteria for such moves
are:
1. Low Crime
Rate: Not good that Eureka has a crime index rate of 1. Only 1% of all cities
are as unsafe as Eureka.
2. Healthcare
Facilities: Cost of Living index rate for healthcare is 119 compared to 100 for
the US. Not good.
3. Education:
Only 82% residents of graduated High School. Average student test scores are 24%
less than national average. Student to teacher ratio in Eureka is 19:1 compared
to 16:1 for the nation.
Just
about every living index is greatly higher than the national average. And we
have one of the highest Homeless per capita rate in the nation also. These are
what businesses take into account when they decide to grow into a community.
What
is the solution? Just the messenger here.
Confirms what we all kind of knew. Thanks, Richard.
ReplyDeleteConfirms what we all kind of knew. Thanks, Richard.
ReplyDeleteSPOT ON!!! THE TRUTH!!!
ReplyDelete
ReplyDeleteSPOT ON!!!! THIS IS THE TRUTH ABOUT EUREKA!!!
Wait a second...suggests only one percent between 1959 and 2000... Or is it half of pre 1959 are pre 1939? Which would leave About 33 percent between 1959 and 2000 unmentioned?
ReplyDeleteNo competition between ownership/rental interests.......ya either got da money or don't.......and the rental market is extremely high cost, low quality living.....exactly why HOJ is anti Danco-esque crap subsidized housing.......future slums inhabited by present day subsidy programs that never elevate a person to independent self sufficiency........add to THE FACTS: THE DRUG EPIDEMIC VIA THE DHHS CULTURE, PROPERTY OWNERS WHO ALLOW "TRASHINESS AND LOW QUALITY MAINTENANCES", NEAR ZERO MIDDLE CLASS JOBS....
ReplyDeleteHOJ caused a stir over lead in Eureka's drinking water in January when comparing the Flint, MI scandal in a discussion about the crappy homes/neighborhoods, as well as impacts on renters and how renters are getting ripped off living in homes/rentals that offer up a toxic brew of lead tea (with 3 lumps of rust)....then out came the science in the local media outlets......ye who speaks creates results that spark debate and crack knuts, sugar plum fairies and all.
👇
Renters represent 61% of Eureka Housing.
64% of all houses in Eureka were built before 1959!
32% of them were built before 1939!
Only 2% of the houses were built between 2000-2009.
From 2010 to present there has been less than 1%.
Only 23% of residents can afford to buy a house. In 2007 it was only 11%!