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Table 3-20 Households Unable to Afford Median Priced Housing 1990 & 2000
ACRPC
Total
Households
2-Bdrm Apt.
MHU
MHL
R1
R2
#
%
#
%
#
%
#
%
#
%
Addison 1990 350 102 29.10% 39 11.10% 102 29.10% 185 52.90% 249 71.10%
2000 494                    
Bridport 1990 394 99 25.10% 26 6.60% 99 25.10% 255 64.70% 333 84.50%
2000 456                    
Bristol 1990 1,376 416 30.20% 168 12.20% 416 30.20% 866 62.90% 1,082 78.60%
2000 1,460                    
Cornwall 1990 387 104 26.90% 44 11.40% 104 26.90% 178 46.00% 220 56.80%
2000 427                    
Ferrisburgh 1990 815 205 25.20% 77 9.40% 205 25.20% 423 51.90% 530 65.00%
2000 1,014                    
Goshen 1990 79 24 30.40% 9 11.40% 24 30.40% 36 45.60% 47 59.50%
2000 84                    
Leicester 1990 320 93 29.10% 38 11.90% 93 29.10% 190 59.40% 236 73.80%
2000 391                    
Lincoln 1990 367 114 31.10% 42 11.40% 114 31.10% 214 58.30% 247 67.30%
2000 462                    
Middlebury 1990 2,491 803 32.20% 366 14.70% 803 32.20% 1,418 56.90% 1,768 71.00%
2000 2,657                    
Monkton 1990 503 114 22.70% 46 9.10% 114 22.70% 239 47.50% 329 65.40%
2000 642                    
New
Haven		 1990 500 141 28.20% 42 8.40% 141 28.20% 279 55.80% 368 73.60%
2000 613                    
Orwell 1990 381 122 32.00% 36 9.40% 122 32.00% 250 65.60% 311 81.60%
2000 441                    
Panton 1990 219 74 33.80% 36 16.40% 74 33.80% 125 57.10% 168 76.70%
2000 248                    
Ripton 1990 173 48 27.70% 18 10.40% 48 27.70% 113 65.30% 128 74.00%
2000 210                    
Salisbury 1990 356 88 24.70% 29 8.10% 88 24.70% 194 54.50% 274 77.00%
2000 423                    
Shoreham 1990 388 129 33.20% 42 10.80% 129 33.20% 242 62.40% 298 76.80%
2000 453                    
Starksboro 1990 559 157 28.10% 72 12.90% 157 28.10% 336 60.10% 407 72.80%
2000 668                    
Vergennes 1990 911 321 35.20% 153 16.80% 321 35.20% 623 68.40% 728 79.90%
2000 979                    
Waltham 1990 166 28 16.90% 8 4.80% 28 16.90% 83 500.00% 111 66.90%
2000 178                    
Weybridge 1990 281 63 22.40% 25 8.90% 63 22.40% 118 42.00% 163 58.00%
2000 322                    
Whiting 1990 145 53 36.60% 25 17.20% 53 36.60% 96 66.20% 108 74.50%
2000 155                    
Addison
Region		 1990 11,161 3,298 29.50% 1,341 12.00% 3,298 29.50% 6,463 57.90% 8,105 72.60%
2000 12,777                    

Source: U.S. Census Bureau, U.S. Department of Housing and Urban Development and
VT Property Transfer Records [23]

[23] For 1990 the Fair Market Rent for a 2-bedroom apartment was $486/month, using the 30% formula a household would have needed to earn around $10,000 to afford that apartment. The R1, R2, MHU and MHL the median sale prices are listed in Table 3-13. The 30% formula was calculated assuming a 30-year fixed-rate mortgage at 9%, 10% down payment, 2% of the property’s value in property taxes and ˝% in insurance annually.

 

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