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HAYFIELD VILLAGE ACTUAL PROJECTED <br />HOUSING UNITS 1970 1980 1990 1995 2000 2010 <br />Occupied: <br />Owner <br />855 <br />990 <br />1,100 <br />1,220 <br />1,325 <br />1,390 <br />Renter 240 305 280 290 300 310 <br />Vacant 25 30 35 40 40 45 <br />Totals 1,120 1,325 1,415 1,550 1,665 1,745 <br />Type: <br />One Family <br />~ 865 <br />1,030 <br />1,105 <br />1,210 <br />1,315 <br />1,360 <br />Apartments 220 245 245 245 245 245 <br />Other 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 2.5~ 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 in the Greater Cleveland Market Area with over 500 <br />such units; and its median rent of $685 per renter occupied unit <br />ranked second behind only Beachwood ($750) among all 47 <br />communities with over 100 renter units. <br />Residency has increased significantly in Mayfield Village <br />since 1970. Of all Village households, 33.8 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 />