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HAYFIELD VILLAGE <br />HOUSING UNITS <br />Occupied: <br />Owner <br />Renter <br />Vacant <br />Totals <br />Type: <br />One Family <br />Apartments <br />Other <br /> ACTUAL PROJECTED <br />1970 1980 1990 1995 2000 2010 <br /> <br />855 990 1,100 1,220 1,325 1,390 <br />240 305 280 290 300 310 <br />25 30 35 40 40 45 <br />1,120 1,325 1,415 1,550 1,665 1,745 <br />865 1,030 1,105 1,210 1,315 1,360 <br />220 245 245 245 245 245 <br />35 50 65 95 105 140 <br />Sources: Op.cit. <br />Between 1970-90, Mayfield Village's total housing units <br />increased from 1,120 to 1,415, or by 26.3. Overall vacancy <br />rose slightly from 2.2~ in 1970 to 2.6$ in 1990. In addition to <br />vacant units, 245 owner units including 55 condominiums in 1990, <br />and 40 renter units were added. <br />Since 1980, average occupancy of owner and renter housing <br />units in the Village has remained stable at 2.7 and 1.7 persons <br />per unit, respectively. The mean size of owner occupied units <br />rose from 7.1 to 7.6 rooms per unit, while the mean size of <br />renter occupied units remained unchanged at 5.0 rooms per unit. <br />In 1990, owner and renter vacancy rates in Mayfield Village <br />were 1.0~ and 6.1$, respectively. These rates in relation to <br />the median value and rent of the units available imply a very <br />strong upper value/rent market. The. Village's median value of <br />$138,900 per owner occupied unit ranked ninth among all 49 <br />communities with over 500 such units; and its median rent of <br />$685 per renter occupied unit ranked second behind only <br />Beachwood ($750) among all 47 communities with over 100 renter <br />units. <br />Residency has increased significantly in Mayfield Village <br />since 1970. Of all Village households, 33.88 had lived in the <br />same home for at least ten years in 1970, compared to 53.1 in <br />1990. This trend reflects the age composition of the Village's <br />population. Obviously, the goal of every community is to <br />encourage long-term residency. The key to achieving this goal <br />is directly linked to the type of housing units provided. <br />Virtually all housing units built in Mayfield Village since <br />1970 have been relatively large, detached one family units; and <br />all 28 new units reported by the Village Building Department <br />since the 1990 U.S. Census (April 1, 1990) through September <br />1992 were of this type. Chapter III shows that there is a <br />limited amount of land left in the Village for homebuilding, and <br />none for additional apartments. In fact, based on the preceding <br />7 <br />