Housing

housingOWNER VS RENTER OCCUPIED

IN 2015, OVER 80% OF THE HOUSING UNITS IN BOONE COUNTY WERE OWNER OCCUPIED. IN CONTRAST, ONLY 66% OF HOUSING UNITS IN THE STATE WERE OWNER OCCUPIED.

HOUSING UNITS

THERE WERE A TOTAL OF 19,968 HOUSING UNITS IN BOONE COUNTY IN 2015, WHICH IS AN INCREASE
OF NEARLY 5,000 UNITS SINCE 2000 (15,414 HOUSING UNITS).

YEAR STRUCTURE WAS BUILT

OVERALL, BOONE COUNTY’S HOUSING STOCK IS RELATIVELY YOUNG, WITH 45% OF HOMES BEING
BUILT AFTER 1990. IT IS ALSO APPARENT THAT THE FIRST HALF OF THE CURRENT DECADE (2010-2015)
IS NOT ON THE SAME PACE OF GROWTH AS THE PREVIOUS TWO DECADES.

HOUSING UNIT TYPES

83% OF ALL HOUSING UNITS IN THE COUNTY ARE SINGLE-FAMILY, WHICH IS NEARLY IDENTICAL TO
THE PERCENTAGE OF OWNER OCCUPIED UNITS (81%) IN THE COUNTY. THE SAME TREND EXISTS
WITHIN THE STATE, 66% OF ALL HOUSING UNITS ARE SINGLE-FAMILY AND 66% OF ALL UNITS ARE
OWNER OCCUPIED.

COST BURDENED HOUSEHOLDS

A COST BURDENED HOUSEHOLD IS ONE THAT SPENDS OVER 30% OF ITS TOTAL INCOME ON HOUSING
COSTS. THE TOTAL HOUSING COST IS DEFINED AS THE TOTAL AMOUNT PAID FOR MORTGAGE, TAXES,
INSURANCE, ASSESSMENTS, AND UTILITIES FOR HOMEOWNERS. IN THE CASE OF RENTERS, THIS IS
ONLY THE COMBINATION OF RENT AND UTILITIES. OVER 1/3 OF ALL HOMEOWNERS AND RENTERS IN
BOONE COUNTY WERE COST BURDENED IN 2015.

MEDIAN MONTHLY RENTER COSTS

THE MEDIAN RENTER COSTS FOR RESIDENTS OF BOONE COUNTY IS $722 PER MONTH,
WHICH IS MUCH LOWER THAN THE STATE MEDIAN OF $907 PER MONTH.

MEDIAN MONTHLY HOMEOWNER COSTS

THE MEDIAN HOMEOWNER COSTS FOR RESIDENTS OF BOONE COUNTY IS $1,423 PER MONTH,
WHICH IS MUCH LOWER THAN THE STATE MEDIAN OF $1,636.