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Senior Household Trends in Maryland: Analysing Ownership and Tenure

Explore Maryland's household demographic data focusing on ownership, tenure, and income levels for seniors. Gain insights into the housing landscape in Maryland over 2006-2010 from the U.S. Census Bureau's American Community Survey. Discover the distribution of owner and renter households, with a focus on seniors aged over 65. Delve into income profiles and the distribution across different income levels for senior households in Maryland. Uncover trends and patterns in Maryland's housing market for senior citizens.

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Senior Household Trends in Maryland: Analysing Ownership and Tenure

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  1. Senior Concentration in Maryland Office of Policy, Planning and ResearchBernice E. Ahiaku, Senior AnalystAugust 2012

  2. Data Source U.S. Census Bureau, American Community Survey 2006-2010 (Tables: B19037 & B25007) 2

  3. Tenure By Age of Households Household Tenure Profile • Total Households in Maryland 2.1 million • Total Owner Households 1.5 million (69.0%) • Owners <65 Years 1.1 million (77.9%) • Owners >65 Years 323,980 (22.1%) • Total Renter Households 656,885 (31.0%) • Renters <65 Years 564,473 (85.9%) • Renters >65 Years 92,412 (14.1%) 3

  4. Households in Maryland • Total HHs – 2,121,057 • Owners – 1,464,162 • Renters – 656,885 4

  5. Owner Households in Maryland • Total Owners HHs – 1.5 Mil • Owners HHs <65Yrs - 1.1 Mil • Owners HHs >65Yrs – 323,980 5

  6. Senior Owner Households in Maryland =>10,000 >10,000 but less 20,000 >20,000 but less than 50,000 >50,000 6

  7. Income Levels in Maryland Income Profile Total HHs in MarylandSeniors • <$35 K/Year (486,149) 172,656 (35.5%) • $35-$49/Year (249,521) 57,853 (23.2%) • $50-$74/Year (386,304) 68,730 (17.8%) • $75-$99/Year (299,813) 42,063 (14.0%) • $100+/Year (699,000) 75,090 (10.7%) 7

  8. Income Levels in Maryland 2 8

  9. Income Levels in Maryland 2 9

  10. Income Levels in Maryland QUESTIONS???

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