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Exhibit 11: Change in Household Tenure, Louisville and Comparison Geographies, 2011-2021 <br />Source: ACS 5-Year Data Tables, 2007-2011, 2017-2021 <br />100% <br />75% <br />50% <br />25% <br />0% <br />Boulder Superior Boulder Longmont Louisville Lafayette Erie <br />County <br />Exhibit 12 shows the change in <br />homeownership rates by age group in <br />Louisville. From 2011 to 2021, the <br />share of households aged 15 to 34 that <br />own a home decreased by 4%, the <br />share of homeowners aged 35 to 64 <br />decreased 7%, and the share of <br />homeowners aged 65 and older <br />increased 6%. This could indicate that <br />those who purchased their homes <br />many years ago are aging in place, <br />and there are fewer new <br />homeownership opportunities in the <br />City. <br />Average Household Siz_u <br />■ 2011 2021 <br />Exhibit 12: Change in Homeownership Rate by Age, <br />Louisville, 2011-2021 <br />Source: ACS 5-Year Data Tables, 2007-2011, 2017-2021 <br />750 <br />500 <br />250 <br />0 <br />-250 � <br />500 (-263 households) <br />15 to 34 <br />-7%, <br />(-155 households) <br />35 to 64 <br />6%, <br />(+597 households) <br />65 and older <br />Household size is an important indicator for the types of housing needed in a region. Smaller <br />households, such as those of younger or older adults, may prefer living in middle or <br />multifamily housing given their small size and relative affordability, indicating a need for <br />middle and multifamily housing, while larger households with children or extended families <br />cohabitating may be more comfortable in larger single-family dwellings. <br />Exhibit 13 shows the average household size for Louisville and comparison geographies as of <br />2021. Louisville has an average household size of 2.5 members, a similar average household size <br />as Longmont, and a slightly higher than that of the County. <br />ECONorthwest <br />15 <br />22 <br />