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communities that have seen rapid regional population growth but have seen underproduction <br />of housing at needed income levels. <br />School Enrollment <br />Exhibit 9 shows the number of students enrolled in Louisville schools for the 2011-2012 and <br />2022-2023 school years. Enrollment dropped for all schools except for Monarch High School, <br />which also suggests that younger families with elementary aged children are less prevalent in <br />the City. This trend may be attributed to several factors, including a decline in young families <br />settling in Louisville, or a lower number of households choosing to have children.5 However, <br />when looking across the demographic and affordability trends throughout the HNA, it's more <br />than likely related to fewer younger families who are able to locate in Louisville and Boulder <br />County overall. <br />Exhibit 9: School Enrollment for Louisville Schools, 2011-2022 <br />Source: Colorado Department of Education <br />1,750 <br />1,500 <br />1,250 <br />1,000 <br />750 <br />500 <br />250 <br />0 <br />840 <br />715 <br />468 330 479 435 548 451 1 <br />W <br />623 595 <br />9 <br />1,522 1,523 <br />q I <br />Coal Creek Fireside Louisville Monarch K-8 Louisville Monarch High <br />Elementary Elementary Elementary School Middle School School <br />School <br />2011 2022 <br />Household Characteristics <br />Household characteristics such as whether a household owns their home, average household <br />size, and household living arrangement trends can highlight a city's changing housing needs. <br />Key findings include: <br />■ Homeownership rates have fallen across Boulder County, indicating limited new <br />homeownership opportunities, particularly for young families. <br />■ Household size has increased in Louisville, particularly for renter households. This <br />relative increase in renter household size is likely a reflection of the increased cost of <br />renting as a single person household, alongside increasing barriers to homeownership. <br />5 According to the Colorado Fertility: Recent Trends and Expectations of Change (DOLA, 2017) Colorado also has one <br />of the strongest declines in fertility rates in the nation post-2007. A Colorado Department of Local Affairs (DOLA) <br />report attributes the decline to a major investment into family planning services, high unemployment during the 2008 <br />recession, and women delaying childbirth to pursue education. <br />ECONorthwest <br />13 <br />20 <br />