BISMARCK, ND – Elderly households and those in their prime childbearing years are the populations projected to drive housing needs in North Dakota in coming years, according to a Statewide Housing Needs Assessment released today by researchers at North Dakota State University.
The assessment was sponsored by North Dakota Housing Finance Agency and other housing stakeholders in the state.
“In-migration prompted by energy development and economic growth reversed decades of population decline, making our state younger and positioning North Dakota for more growth in coming years,” said NDSU Center for Social Research Director Dr. Nancy Hodur. “As the Baby Boom generation continues to age, we will see an increase in our senior population as well.”
From 2010 to 2015, North Dakota’s population growth outpaced all 50 states increasing 13 percent, from 672,591 to 756,927, and reversed decades of decline in rural communities.
North Dakota’s future growth in the state is projected to be more balanced with the state’s population increasing another 21 percent to 891,268 by 2029. The number of individuals age 65 and over is projected to grow 52 percent. Individuals in their prime childbearing years, age 25 to 44, are projected to increase 30 percent.
While housing needs are projected to increase fairly evenly across all income categories, the greatest needs will come from lower income households for which the proportion of the state’s current housing stock that is affordable is very limited. Extremely low- and very-low income households are projected to increase by 24 and 25 percent, respectively, compared to 19 and 20 percent increases for moderate and higher income households.
“The North Dakota Housing Finance Agency’s priority is to assist communities in addressing housing challenges and we remain focused on meeting the affordable housing needs of all North Dakotans,” said Jolene Kline, NDHFA executive director. “The assessment’s findings show a vibrant state and NDHFA looks forward to the role housing can play in keeping North Dakota growing into the future.”
The assessment, conducted by the Center for Social Research and the Department of Agribusiness and Applied Economics at North Dakota State University, is available online at www.ndhfa.org. It consists of several components – a statewide population and housing forecast, regional profiles and detailed tables broken down by various levels of geography including the state as a whole, the eight planning regions, 53 counties, 12 major cities and four Native American Indian Reservations. An additional study component that examines several special topics such as recent trends in housing costs and special population will be released in September.
NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. The North Dakota Industrial Commission, consisting of Governor Jack Dalrymple as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees the agency.
NDSU’s Center for Social Research is an applied social science research unit dedicated to providing a venue through which a wide variety of research activities are facilitated. Hodur is the Center’s director and has over 25 years of professional experience in applied research, public policy and outreach education.