1 CITY OF TRAVELERS REST COMPREHENSIVE PLAN ...

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CITY OF TRAVELERS REST COMPREHENSIVE PLAN HOUSING ELEMENT Introduction The housing element of the Travelers Rest Comprehensive Plan reviews the type, age, and condition of housing units; examines owner versus renter occupancy; and discusses the affordability of housing in the City of Travelers Rest. Based upon this analysis, with the assistance of individuals and organizations involved in housing, this element identifies goals and strategies addressing future housing needs. Housing Units According to the U.S. Census Bureau, there were 1,701 housing units in Travelers Rest in 2000. Of these housing units, 1,534 were occupied, while the remaining 167 were vacant. 983 of those occupied were owneroccupied, while 580 were renter-occupied. The number of housing units has continued to increase in Travelers Rest. The 1,701 housing units in 2000 was an increase from 1,267 housing units in 1990. There were 96 building permits given for residential construction from 2003-2004, according to Census statistics. Types of Housing Travelers Rest has a variety of housing types, including single-family detached, single-family attached, manufactured housing, multifamily developments, and group quarters. Single-family detached units accounted for the majority of the housing units in Travelers Rest in 2000 at 67.6%. The second most common type of 20 unit was manufactured housing at 14.8%. Approximately 15.8% of the housing stock had 5-20+ units in the structure. Another 7.1% of the city’s population resided in structures of 2-4 units. Table 1: Housing unit types in Travelers Rest, 2000 1,400 1,200 1,000 800 600 400 200 0 1-unit, detached 1- unit , attached Source: U.S. Census Bureau Multifamily; 2 to 4 units Age and Condition of Housing Multifamily; 5 or more unit s Mobile home According to the 2000 Census, 75% of all housing units in Travelers Rest were built after 1959. Approximately 6% of the housing units were built before 1939, with the remaining 19% built between 1950-59. In 2000, the median year that housing units were built in Travelers Rest was 1977.
Table 2 215 319 Year Housing Unit Built, 2000 Travelers Rest, SC 296 96 Source: U.S. Census Bureau The U.S. Census offers statistics that give insight into housing occupancy and condition. Nine percent of all housing units in Travelers Rest were occupied by households below the poverty level; 103 of those were renter occupied units. 168 units had no vehicles available to them, 73 had no telephone units, and 48 had more than 1.01 persons per room. All units had complete kitchen and plumbing facilities. Affordability Of all the housing variables, affordability is one of the most difficult to define. Affordability is both a function of income and household size. One measure of affordability is the incidence of excess cost burden – the share of a person’s income that is needed to pay rent. Census figures show that 32.8 percent of the population spent more than 29 percent on their income on rent. Just over 40 percent of the population spent less than ten percent of their income on rent. The addition of the Brookside Apartments contributed to a recent increase in affordable housing in Travelers Rest. With other housing apartments, such as Oak Crest, 122 212 319 122 21 Table 3 Table 4 Raintree, Wittington, and Wexford, Travelers Rest will have an adequate amount affordable housing for some time. Value Rent of Renter-Occupied Housing Units Travelers Rest, SC 69 195 55 The 2000 median value of an owneroccupied housing unit in the city of Travelers Rest was $93,100. Of those specified, 60% were valued at less than $100,000. The median contract rent was $481 for renter-occupied housing units, with over 33% of the specified renter- occupied housing units had rents between $300 and 30 59 203 Less than $200 $200 to $299 $300 to $499 $500 to $749 $750 to $999 No cash rent 212 Value of Owner-Occupied Housing, 2000 Travelers Rest, SC 92 35 Less than $50,000 $50,000 to $99,999 $100,000 to $149,999 37 $150,000 t o $199,999 $200,000 to $299,999 Source: U.S. Census Bureau 470
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