Final Report - VHB.com
Final Report - VHB.com
Final Report - VHB.com
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2.4.1.2 Household Size and In<strong>com</strong>e<br />
The Town of Brunswick had 8,212 households in 2009 with an average size of 2.4<br />
persons per household. Topsham had 3,825 households in 2009 with an average<br />
household size of 2.46 persons. The region had 28,647 households in 2009 with an<br />
average household size of 2.34 persons per household.<br />
The increase in households since 2000 was nominal (i.e., 0.8 percent) in the Town of<br />
Brunswick, <strong>com</strong>pared to an 11.7 percent increase in Topsham and a 6 percent<br />
increase in the Midcoast Region. However, the average household size in Brunswick<br />
increased by 2.6 percent, whereas a 2.9 percent decline was evident in the region and<br />
a 6.1 percent decline in Topsham. The ACS estimates indicate a smaller average<br />
household size (i.e., 2.19 persons) for Brunswick and a higher number of households<br />
than Demographic NOW’s 2009 estimates; however, the population in households<br />
from both sources is almost identical. 6 Households in the Town of Brunswick<br />
accounted for 28.7 percent of the Brunswick LMA base in 2009, and households in<br />
Topsham accounted for 13.4 percent of the regional base in 2009.<br />
The median household in<strong>com</strong>e in the Town of Brunswick was $50,799 in 2009, an<br />
increase of 26 percent since 2000. In the Midcoast Region, the median household<br />
in<strong>com</strong>e was $51,250 in 2009, approximately 2.7 percent higher than indicated for the<br />
Town of Brunswick. The ACS estimate for 2006–2008 was approximately $3,500 less<br />
than the 2009 median household in<strong>com</strong>e for the Town of Brunswick; the ACS<br />
estimate for the Brunswick LMA was slightly higher. In Topsham, the median<br />
household in<strong>com</strong>e in 2009 was $58,756, reflecting a 22.9 percent increase since 2000.<br />
The distribution of households in 2009 by in<strong>com</strong>e levels in the Town of Brunswick<br />
was fairly similar to that in the Midcoast Region in all in<strong>com</strong>e groups. However,<br />
Brunswick experienced a higher percentage loss in those households in the three<br />
groups earning less than $50,000 and a lower percentage increase in those<br />
households in the two in<strong>com</strong>e groups earning $75,000 or more.<br />
2.4.1.3 Real Estate Market Characteristics<br />
This subsection reviews trends and pricing indicators of residential and <strong>com</strong>mercial<br />
properties (i.e., land and buildings) in the Towns of Brunswick and Topsham. The<br />
analysis is based on available sales data from each town assessors’ office, as well as<br />
available listings of residential and <strong>com</strong>mercial properties for sale and lease.<br />
Annual sales activity of land in the Town of Brunswick ranged between 33 sales in<br />
2008 and 104 sales in 2004. Annual sales activity of land in the Town of Topsham<br />
<br />
6 Increasing the ACS population in households by the margin-of-error figure (i.e., 20,523) and decreasing the<br />
household count by its margin of error (i.e., 8,660 households) results in a larger average household size of 2.7, and<br />
the difference between the two estimates would not be as great. Therefore, the Demographics Now estimates for<br />
2009 appear reasonable.<br />
Existing Conditions 59