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 Dictionary

Field | Name | Source --- | --- | --- submarket | Housing submarket | DVRPC hhinc_med | Median household income | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 rent_med | Median gross rent | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 ten_rent | Percent of households that are renter-occupied | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 ten_own | Percent of households that are owner-occupied | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 vcy | Residential vacancy rate | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 hhi_150p | Percent of households with incomes of $150,000 or higher | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 yb_59e | Percent of housing units built in 1959 or earlier | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 yb_6099 | Percent of housing units built between 1960 and 1999 | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 yb_00p | Percent of housing units built since 2000 | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 unit_1 | Percent of housing units that are 1 unit in structure | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 unit_2to4 | Percent of housing units that are 2 to 4 units in structure | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 unit_5p | Percent of housing units that are 5 or more units in structure | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 pct_subsidized | Percent 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) med21 | Median single family home sale price, 2021 | The Warren Group, 2021 pct_diff | Median percent change in median single family home sale price, 2016-2021 | The Warren Group, 2016 & 2021 hhs_1 | Percent of households that are 1-person households | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 hhs_2to4 | Percent of households that are 2- to 4-person households | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 hhs_5p | Percent of households that are 5 or more person households | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020 hu_acre | Housing units per acre | U.S. Census Bureau, ACS 5-Year Estimates, 2016-2020

Please contact Brian Carney, bcarney@dvrpc.org, for more information.