Weatherford
Weatherford City Council (Planning & Zoning Commission Joint Work Session), May 16, 2018: 1 item; presentation regarding housing study
0 consent items, 1 regular item. Written from the minutes.
Receive presentation regarding housing study. City Manager Sharon Hayes stated that Jason Claunch with Catalyst conducted the housing study for the city. Mr. Claunch reviewed regional demographics stating that Weatherford is projected to add 1.1 persons per day for the next five years, while Parker County is projected to add 6.4 persons per day over the same period. Mr. Claunch discussed the household income distribution. He stated that the median household income is highest in the eastern and southeastern portions of Parker County and western Tarrant County. Over 63% of households in Weatherford earn less than $75,000 and 21% earn less than $25,000, which is larger than both Parker County and DFW. Home values in Weatherford are similar to the home value distribution of the DFW Metropolitan Statistical Area (MSA). The highest home values lie in southwest Tarrant County and southeast Parker County with values ranging from $250,000 and greater. Mr. Claunch discussed population distribution stating that buyers age 36 and younger are the largest share of homebuyers. As millennials age they are becoming more traditional in their buying habits. Mr. Claunch compared Texas income to home prices from 1990 to 2016. He provided the following Parker County home price distribution graph: CCPZC05162018 Page 1 of 5 Mr. Claunch also provided the following data about housing in Weatherford and [...]
Compiled from the city secretary's minutes by the Ledger's extractor, in the minutes' own wording, item by item; the Ledger adds no characterization. Read the minutes for the full record.
Sources: City of Weatherford: council minutes, May 16, 2018 (Granicus); Agenda for this meeting (Granicus); Meeting video (Granicus)