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<br />Table 3.12 <br />Age Distribution <br /> <br />Age Number of People <br />Under 5 years 491 <br />5 to 9 years 515 <br />10 to 14 years 419 <br />15 to 19 years 493 <br />20 to 24 years 638 <br />25 to 34 years 2,107 <br />35 to 44 years 2,007 <br />45 to 54 years 1,920 <br />55 to 59 years 893 <br />60 to 64 years 901 <br />65 to 74 years 1,996 <br />75 to 84 years 1,918 <br />185 years and older 1,017 <br /> <br />Source: US Census 2000 <br />1Florida Housing Data was also researched and the numbers were exactly the same <br />except for those 85 years and older. Florida Housing Data reported there were 2,935 <br />people 85 years and older in 2000. <br /> <br />Although the City is expected to have an adequate supply of existing and newly <br />constructed residential units to meet future demand, some of the households will be <br />faced with a cost burden. The following table, using the Shimberg Center's data, <br />indicates the estimated affordable housing needs from 2005 - 2015, The 2000 US <br />Census reported that median value for owner-occupied units was $248,400 and $871 <br />for renter-occupied units, Also, the 2000 US Census reported that 160 owner-occupied <br />households and 1,578 renter-occupied households were spending more than 30% of <br />their income on housing costs, When a household spends over 30% of their income on <br />housing costs, they are considered burdened and their housing is no longer affordable. <br /> <br />Table 3.13 <br />Estimated Affordable Housing Needs 2005-2015 <br /> <br />Year Projected Demand Projected Households with a <br /> Construction Need Cost Burden <br />2005 9,180 256 3,102 <br />2010 9,704 780 3,266 <br />2015 10,357 1,433 3,476 <br /> <br />Source: Shimberg Center for Affordable Housing, 2003 <br /> <br />The Projected Demand indicates the number of housing units needed in the City to <br />accommodate the projected population. The Projected Construction Need is the <br />estimated number of affordable residential units needed to be produced to meet the <br />needs of the population not being met by existing housing. Therefore, approximately <br />1,433 affordable housing units will be needed by 2015, <br /> <br />City of Sunny Isles Beach - <br />2005 Evaluation and Appraisal Report <br /> <br />Rev. 9/15/2005 <br />Page 60 <br />