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Household Income by Tenure <br />Across Boulder County, renter household incomes are significantly lower than ownership <br />household incomes. In Louisville, the median homeowner income is roughly $159,000 annually, <br />nearly twice the renter median income of about $80,000. With the exception of Boulder (which is <br />likely impacted by the high share of university students), Louisville has the largest income gap <br />between renter households and ownership households. <br />Exhibit 10: Median Household Incomes by Tenure, Louisville and Comparison Geographies, 2021 <br />Source: ACS 5-Year Data Tables, 2017-2021 <br />$200,000 <br />$159,267 <br />$150,000 <br />$100,000 <br />$80,21 <br />$50, 000 <br />$121,307 <br />$54,7 <br />$130,314 <br />$151,078 $161,366 <br />$107,743 $104,166$100,922 <br />$80,4 <br />$43,834 01 $68,532 $54,911 <br />Louisville Boulder Boulder Erie Lafayette Longmont Superior <br />County <br />Renter Owner <br />High homeowner incomes can contribute to rising home sale prices in a city, further increasing the <br />homeownership attainability gap for renters who might be interested in purchasing a home but <br />do not have the funds to do so. In addition, high homeowner incomes can contribute an <br />increasingly competitive housing market. Even if renter households have the ability to qualify for a <br />mortgage, they may risk being outbid by wealthier homebuyers who can pay in cash or offer over <br />the asking price. <br />Existing Housing Stock and Development Trends <br />Total Housing Units <br />As of 2021, Louisville had 8,665 housing units, representing just over 6% of total housing units in the <br />County. Of comparison cities, Boulder has the highest number of housing units, representing <br />roughly 33% of housing units in the County. <br />Louisville Housing Plan Part 2: Housing Needs and Market Assessment 16 <br />