BLAINE COUNTY HOUSING AUTHORITY: FY 2017 ANNUAL REPORT For the Stakeholders, Contributors, and the People of, Idaho. A presentation of the current state of housing, the population, and the workforce of.
Contents I. Introduction... 2 II. Demographics... 4 Population Distribution... 4 Age of Population... 5 Race and Enthicity of Population... 5 Sex and Age of Population... 6 III. Workforce... 7 Income and Household Size Estimates... 7 Distribution of Workforce and Commuting Habits... 8 Occupations and Industries of the Workforce... 9 IV. Rental Market... 11 The Impact of Vacancies on the Supply of Housing...11 Advertisements...12 Estimated Gross Rents...13 BCHA Database and Affordability...14 V. Ownership Market... 16 Cost Burden of Owner-Occupied Housing...16 Affordability Gap...17 VI. Housing Authority... 19 BCHA Services...19 BCHA Internal Activities...20 VII. Conclusion... 22 Page 1 Housing Authority Annual Report (FY 2017)
I. Introduction The Housing Authority s mission is to advocate, promote, plan, and preserve the longterm supply of desirable and affordable housing choices in to maintain an economically diverse, vibrant, and sustainable community. This annual report of the Housing Authority ( BCHA ) will explore and analyze, the demographics, workforce, rental market, and ownership market of using data from the U.S. Census American Community Survey, the Bureau of Labor Statistics, the U.S. Department of Housing and Urban Development, the Sun Valley Board of Realtors, The Idaho Mountain Express, and internal BCHA-developed data. Each set of numbers used will identify its source and there is a collection of tables found in the Appendices, grouped by subject matter. This report will provide evidence for what many may know anecdotally to be true that a shortage of affordable housing options continues to be one of the single biggest challenges facing the people of. This report will give policy makers, developers, potential home buyers and renters, and the public at large access to an analysis of the supply of and demand for affordable housing in. Additionally, the report will discuss BCHA activities in light of the current political and economic environment. It will hopefully spur discussions of how to address the shortage of affordable housing for those who currently reside within the. As numbers from the sources cited throughout this report would indicate, the limited supply of available housing and the presence of excess capital from outside the area sets the price of ownership beyond the reach of many fulltime residents. The high number of vacant (second-home) units coupled with the advent of short-term rentals, erodes the stock of available rental housing options, forcing prices upward. Geographically, is a large county covering 2,661 square miles (the 7 th largest by land area in Idaho). Despite this large geographic area, the availability of land for residential housing and/or development is limited by factors including Federal and State ownership, use and zoning laws designed to preserve the rural character of the county, a fidelity to the status quo, and others. The BCHA offers no comment on expanding development into presently undeveloped areas within the (which lie outside of areas of impact zones). Rather, it advocates for the application of policies designed to alleviate upward pressures on the cost of housing while minimizing environmental impacts and respecting community desire to both retain the rural character of and provide affordable housing options for current and future residents. Despite its large geographic footprint, the bulk of s population resides in and near what is colloquially referred to as the Wood River Valley encompassing the North Valley communities of Ketchum and Sun Valley and the South Valley communities of Hailey and Bellevue. Carey, which lies some 22 miles from Bellevue, has been historically separated from the rest of the population. However, this report includes statistics and data for Carey and the unincorporated county when available, to develop the most complete profile of the population and to provide a basis for BCHA s role in addressing housing issues on a countywide basis, tailored to each community or region as necessary. Page 2 Housing Authority Annual Report (FY 2017)
Data in this report are presented in tables and through narrative. Further expansion of the data tables included in the narrative can be found in the appendices at the end of this report to further illustrate the context or to show trends identified in the research and are arranged by subject matter with citations for reference. It is important to emphasize that the issues identified in this report are complex and not easily cured by one magic formula or policy, but rather require an all of the above approach to housing. In the coming months and years, opportunities will present themselves and will be created in response to the issues raised in this report. In accordance with state and county statutes, BCHA will play a key role in those discussions and offer insight about the needs of those current full-time residents who are actively seeking affordable housing. BCHA will continue advocate for fair and decent affordable housing options for those who presently live and work in. Page 3 Housing Authority Annual Report (FY 2017)
II. Demographics has experienced only incremental growth since the last decennial census in 2010. According to the American Community Survey numbers taken each July from 2010 through 2016, has seen an overall increase in total population of 2.3%. As the table below indicates, the most robust growth occurred in Hailey (3.6%), while Bellevue has experienced a net loss of population, albeit a slight loss (-0.1%) 1. Totals Population Estimate (as of July 1) - 2010 Population Estimate (as of July 1) - 2011 Population Estimate (as of July 1) - 2012 Population Estimate (as of July 1) - 2013 Population Estimate (as of July 1) - 2014 Population Estimate (as of July 1) - 2015 Population Estimate (as of July 1) - 2016 Bellevue Hailey Ketchum Sun Valley Carey Unincorp. 21,303 2,318 7,932 2,710 1,406 602 6,335 21,085 2,287 7,866 2,680 1,393 593 6,266 21,107 2,277 7,902 2,676 1,394 592 6,266 21,278 2,287 7,984 2,697 1,405 597 6,308 21,410 2,292 8,046 2,711 1,410 601 6,350 21,548 2,295 8,114 2,723 1,422 600 6,394 21,791 2,315 8,218 2,753 1,436 603 6,466 Population Distribution Upon closer examination of the ACS estimates (See Appendices), a higher growth trend is occurring in the South Valley (the cities of Hailey and Bellevue) than in the North Valley (cities of Ketchum and Sun Valley). the South Valley population increased 2.8%, while the North Valley population increased by 1.8%. Thus, it can be inferred that people are choosing the South Valley over the North Valley due to a myriad of factors, including employment, more affordable housing options, and other quality of life considerations. Issues of Housing Affordability are further explored in Sections IV and V. Despite the differences in growth within the, the distribution of population has remained relatively static. More than half of the population lives within the corporate limits of Hailey and in the unincorporated parts of the. Annexations and potential new developments that include housing components will likely alter those distribution ratios as new housing is added to the cities. As of July 2016, a plurality of the population lives in the South Valley communities (48.3%). The next largest share of population lives in the unincorporated portion of (29.7%), and the North Valley communities account for an estimated 19.2% of the population 2. 1 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates, Note: Supporting documentation on code lists, subject definitions, data accuracy, and statistical testing can be found on the American Community Survey website in the Data and Documentation section. Sample size and data quality measures (including coverage rates, allocation rates, and response rates) can be found on the American Community Survey website in the Methodology section. 2 Id. Page 4 Housing Authority Annual Report (FY 2017)
Age of Population According to Census estimates, in 2016 the median age in is 42.9 years old. The South Valley communities tend to have a younger median age than North Valley communities, ranging from a low median age of 34.4 years in Bellevue to a high of 59.8 years in Sun Valley 3. It is estimated countywide that 76.7% of the population is over 18 years old. While a larger amount of adults age 18 and older live in the As of July 2016, a plurality of the population lives in the South Valley communities (48.3%). The next largest share of population lives in the unincorporated portion of (29.7%), and the North Valley communities account for an estimated 19.2% of the population South Valley communities, the North Valley communities have a significantly higher ratio of adults age 18 and older within their populations (a median of 92.3%) than the South Valley (a median of 71.4%). 4 Since the 2010 Census, the s median age has increased by 2.5 years, while Bellevue s median age decreased by 0.6 years and Sun Valley s median age increased by 5.9 years 5. Factors for this variance could be related to the overall affordability of each community and an assumption that younger individuals and families have fewer financial resources to live in the North Valley. Race and Ethnicity of Population The Racial and Ethnic makeup of is predominately white, with an estimated 92% of the population identifying as such. A significant Hispanic population resides within the county, estimated at nearly 21%. However, the Census classifies Hispanic as an ethnicity and White as a race, so the two are not mutually exclusive. The distribution of the Hispanic population is higher in the South Valley both in terms of absolute numbers and population proportions: the median in South Valley is 29.6% 6 while the North Valley communities the Hispanic population has a median share of 6.2% (see table below). While overall costs of living may partially explain these distributions, it may also be likely that this population is desirous of living near those with a shared cultural and ethnic identity or is the result of options not being available to Hispanics in other areas of the county due to past practices, policies, and other factors. Year 2016 2010 Percentages Percent- Total population - Hispanic or Latino (of any race) Percent- Total population - Hispanic or Latino (of any race) Bellevue Hailey Ketchum Sun Valley Carey Unincorp. 20.7% 30.0% 29.2% 6.7% 5.7% 20.1% 15.9% 20.0% 28.8% 28.1% 9.1% 4.6% 12.1% 15.4% 3 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates 4 Id. 5 Id. 6 Id. Page 5 Housing Authority Annual Report (FY 2017)
Between the 2010 decennial Census and the 2016 American Community Survey estimates, the overall share of Hispanics within the county has increased slightly, with every municipality experiencing an increase, with the exception of Ketchum. Sex and Age of Population The male to female ratio in is almost evenly divided and these ratios have remained consistent since 2010. There are significant variations within the municipalities of, however (See table, below). Year 2016 2010 2016 2010 Percentages Percent; SEX AND AGE - Female population Percent; SEX AND AGE - Female population Percent; SEX AND AGE - Male population Percent; SEX AND AGE - Male population Bellevue Hailey Ketchum Sun Valley Carey Unincorp. 49.5% 53.8% 48.6% 54.1% 37.3% 48.1% 49.9% 49.1% 49.6% 50.0% 48.0% 49.2% 50.8% 48.0% 50.5% 46.2% 51.4% 45.9% 62.7% 51.9% 50.1% 50.9% 50.4% 50.0% 52.0% 50.8% 49.2% 52.0% While Carey, Hailey, and Sun Valley saw a decrease in the female population, Bellevue, Ketchum, and the Unincorporated had an increase. These changes have ranged from dramatic (Sun Valley) to incremental (Hailey). The ratio of male to female is important to note as it helps to better identify the likelihood of whether a household will be male- or female-headed, and by extension what economic and housing opportunities may be available to those households depending on the location. Page 6 Housing Authority Annual Report (FY 2017)
III. Workforce The primary sources consulted in this section will be the latest available American Community Survey ( ACS ) 2012-2016 estimates, and the available Bureau of Labor Statistics ( BLS ) Economic Census numbers for the last four quarters covering the 3 rd Quarter of 2016 through the 2 nd Quarter of 2017. While the ACS statistics cover the overall county and jurisdictions within, BLS statistics only cover the overall county, though with greater specificity. According the BLS numbers, the median employment for has been 12,642 7 over the past four quarters. The median projected wage over that same period is $49,043, which represents a decline of $7,436 from the 3 rd Quarter 2016 through the 2 nd Quarter of 2017. Of note, the numbers extrapolated from BLS data are per job, rather than per household. The distribution of employment among the North American Industry Classification System s ( NAICS ) sectors 8 reflects the economy of, with Leisure and Hospitality comprising the largest share of the workforce with a Leisure and Hospitality represents both the largest employment sector and the lowest paid, at a median projected annual wage of $20,176 per job. This industry employs nearly one-third of the workforce in median of 3,443 or 27.2% of the workforce 9, which is nearly double the share of the second largest industry (Trade, transportation, and utilities 15.2%) 10. Leisure and Hospitality represents both the largest employment sector and the lowest paid, at a median projected annual wage of $20,176 per job. This industry employs nearly one-third of the workforce in 11. Income and Household Size Estimates According to ACS estimates, the median household income (regardless of size or familial relation) is $58,086 (see table below), and the average household size is 2.4 persons 12, which seems to corroborate the BLS statistics and may prove to be a better price point for housing for the workforce. The U.S. Department of Housing and Urban Development s most recent publication of the median income in is $77,800 for a family of four, 13 which is substantially higher than the published median family income for the state of Idaho, $59,900. 14 Given that the average household size in is fewer than four (2.4) 15, a common misconception is that the $77,800 figure is a median for all households in the, which may have the effect of encouraging development and price points for household sizes and income levels which, theoretically, may not exist. Nevertheless, BCHA is required to 7 Bureau of Labor Statistics, Quarterly Economic Census, 3 rd quarter 2016 through 2 nd quarter 2017. 8 The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. 9 BLS Data 3 rd Quarter 2016 through 2 nd Quarter 2017. 10 Id. 11 Id. 12 Id. 13 U.S. Department of Housing and Urban Development (HUD), FY 2017 Median Family Income Calculations, https://www.huduser.gov/portal/datasets/il/il2017/2017medcalc.odn 14 U.S. Department of Housing and Urban Development (HUD), FY 2017 Median Family Income Calculations, https://www.huduser.gov/portal/datasets/il/il17/state-incomelimits-report-fy17.pdf 15 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates Page 7 Housing Authority Annual Report (FY 2017)
use those numbers in determining its Income Level Criteria for affordable housing. Going forward, BCHA will look to all available income data to best determine the actual market for housing in. Categories Estimate; Median household income (2016 dollars, all households) Bellevue Hailey Ketchum Sun Valley Carey $58,086 $45,370 $56,522 $51,119 $61,125 $61,429 The Median Household income distributions by municipality yields some surprises: the cities of Bellevue and Ketchum show median incomes that are the lowest within the county, while Carey and Sun Valley have the highest. These data should be understood and analyzed in the context of prevailing industries, wages, population, and household size, among other factors, which will be further explored in the sections that follow. Distribution of Workforce and Commuting Habits According the ACS numbers, there are an estimated 17,020 people aged 16 years and older in, of which 12,246 are in the labor force and 11,795 are employed, as of the 2016 estimates 16. The geographic distribution of the age 16 + workforce is similar to the distribution of the overall population 17, in that the majority of the workforce lives in the South Valley communities. Further, the ACS numbers suggest that many of those living in the South Valley communities commute to employment in the North Valley communities (see table below) 18. Categories Estimate; Total Civilian employed population 16 years and over Bellevue Hailey Ketchum Sun Valley Carey Unincorp. 11,795 1,216 4,429 1,859 768 282 3,241 Estimate; Total Commuting to Work Civilian employed 11,501 1,216 4,299 1,824 739 282 3,141 population 16 years and over Percent of workforce commuting 97.5% 100.0% 97.1% 98.1% 96.2% 100.0% 96.9% Percent of workforce commuting alone 74.0% 87.2% 77.8% 71.4% 43.4% 77.0% 72.5% Percent of workforce carpooling 7.1% 3.7% 10.0% 4.9% 5.6% 11.0% 5.8% Percent of workforce using public transit 1.6% 1.6% 2.6% 0.0% 6.8% 0.4% 0.1% Percent of workforce walked to work 4.1% 0.7% 0.8% 5.5% 30.3% 3.5% 3.0% Percent of workforce worked from home 8.2% 6.7% 4.0% 8.6% 9.0% 7.4% 14.2% Estimate; COMMUTING TO WORK - Mean travel time to work (minutes) 18.2 21.0 22.5 8.9 10.0 37.0 (X) 16 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates 17 Id. 18 Id. Page 8 Housing Authority Annual Report (FY 2017)
The mean travel time to work indicates a longer commute for South Valley communities and corresponds with the typical travel time from South Valley communities to North Valley communities, allowing for inference that while North Valley communities have more employment opportunities, South Valley communities have more housing opportunities. This is also reflected in the estimated proportion of workers within North Valley communities who walk to work 19. Occupations and Industries of the Workforce Within the, ACS Estimates show that a plurality of all jobs are occupations within the management, business, science, and arts industry at 31.3%. This is followed by the service industry at 27.7% 20. North Valley communities and the Unincorporated tend show a higher share of occupations in Management, business, science, and arts than the as a whole, while Hailey trends higher than the in Service occupations and Bellevue is above ratios for Labor occupations (see table below). Categories Occupations of Civilian employed population 16 years and over Percent; OCCUPATION - Management, business, science, and arts occupations Percent; OCCUPATION - Service occupations Percent; OCCUPATION - Sales and office occupations Percent; OCCUPATION - Natural resources, construction, and maintenance occupations Percent; OCCUPATION - Production, transportation, and material moving occupations Bellevue Hailey Ketchum Sun Valley Carey Unincorp. 11,795 1,216 4,429 1,859 768 282 3,241 32.3% 28.9% 23.3% 46.3% 34.9% 29.4% 37.3% 27.7% 24.8% 32.8% 17.8% 45.2% 28.4% 23.4% 21.1% 15.5% 23.4% 22.9% 11.8% 11.7% 22.1% 12.9% 16.8% 14.3% 10.1% 5.9% 19.1% 12.1% 6.1% 14.1% 6.2% 3.0% 2.2% 11.3% 5.1% The distribution of industries appears to correspond with the fact that the North Valley communities contain much of the leisure activities that drive the rest of the as a resort destination Arts, entertainment, recreation, accommodation, and food services are the largest combined industry in the (see table, next page). South Valley communities are driven more by management and professional and educational industries, due to Hailey having the seat of Government, the school district offices, as well as a community college campus. 19 Id., extrapolation by Housing Authority. 20 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates Page 9 Housing Authority Annual Report (FY 2017)
Categories Industries of Civilian employed population 16 years and over Bellevue Hailey Ketchum Sun Valley Carey Unincorp. 11,795 1,216 4,429 1,859 768 282 3,241 Percent; INDUSTRY - Arts, entertainment, and recreation, and accommodation and food services 18.8% 17.7% 15.6% 23.5% 55.2% 3.2% 13.7% Percent; INDUSTRY - Professional, scientific, and management, and administrative and waste 17.3% 14.4% 21.6% 19.8% 7.7% 5.3% 14.3% management services Percent; INDUSTRY - Educational services, and health care and social 15.4% 18.1% 13.8% 10.8% 11.6% 24.5% 19.4% assistance Percent; INDUSTRY - Retail trade 10.0% 12.3% 10.4% 13.2% 0.3% 7.8% 9.3% Percent; INDUSTRY - Construction 9.9% 10.7% 11.2% 9.7% 6.9% 13.1% 8.5% Percent; INDUSTRY - Finance and insurance, and real estate and rental and leasing 7.2% 3.4% 5.3% 8.8% 6.9% 6.7% 10.6% By using BLS data on wages combined with the distribution of occupations as given by the ACS, a more complete picture begins to emerge as to what the demands on the housing supply are within each microeconomy. The supply of housing and the housing needs of the residents of the county (calculated by the ability to acquire housing through rental or purchase) will be explored in greater detail in the next sections. Page 10 Housing Authority Annual Report (FY 2017)
IV. Rental Market While the availability of affordable or workforce housing is an issue routinely advanced by local political campaigns, BCHA often gets anecdotal reporting from the people on its rental housing waiting list that such housing is difficult to find. Determining what is affordable in the rental market is based on several factors including: household size, income, location, length of availability, and landlorddetermined qualification criteria. BCHA s rental analysis attempts to capture the rental amount, size, and location of advertised units. To get a fully developed analysis, BCHA monitors formal advertisements in the local newspaper as well as informal advertisements on sites such as Facebook and Craigslist. It appears many rental transactions in the also occur through personal communication or word-ofmouth and thus may not be reflected in the available formal data. This section will discuss the formal data from classified advertisements and ACS estimates. Most of the advertised units are in Ketchum, Sun Valley, Hailey, and Bellevue. The primary time period used for this section will be limited to the past fiscal year (October 1, 2016 through September 30, 2017, unless otherwise noted). ACS estimates that there are more total housing units in the North Valley communities (6,386) than in the South Valley communities (4,161) despite the North Valley communities having a lower share of the population. Over the past year, 67.5% of all advertised units were two- and three-bedroom rentals 21. The rental prices for these units peaked in July and August (a median of $1,700 for two-bedrooms and $3,150 for three-bedrooms) which was likely due to a cascading effect of the anticipated increased demand for temporary housing during the solar eclipse (See Appendices). The Impact of Vacancies on the Supply of Housing According to ACS data estimates, there are 15,134 housing units in 22. Of that number, it is estimated that 8,708 housing units are occupied on a full-time basis (57.5%), either by an owner or renter 23. Higher full-time occupancy is more prevalent in the South Valley communities, with the cities of Hailey and Bellevue having a median full-time occupancy ratio of 90.6% of all housing units. the North Valley communities are significantly different with Ketchum and Sun Valley having a median full-time occupancy of 30.9% 24. This disparity is likely due to the prevalence of part-time residents who own second homes in the North Valley communities 25. The analysis of this section will focus on the units that are occupied full-time by renters. Analysis of owner-occupied housing units will be discussed in the next section. 21 Source: Idaho Mountain Express Classifieds Section, as compiled by Housing Authority 22 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates 23 Id. 24 Id. 25 Id. Page 11 Housing Authority Annual Report (FY 2017)
Totals Bellevue Hailey Ketchum Sun Valley Carey Unincorp. Estimate - Total housing units 15,134 954 3,207 3,777 2,609 223 4,364 Estimate - Occupied housing units 57.5% 92.7% 88.5% 40.2% 21.7% 82.5% 62.2% Percent of all housing units - Owneroccupied Percent of all housing units - Renteroccupied 38.7% 61.2% 53.8% 24.8% 19.3% 58.7% 45.3% 18.8% 31.4% 34.7% 15.4% 2.4% 23.8% 17.0% As indicated by the table above, the ACS estimates that there are more total housing units in the North Valley communities (6,386) than in the South Valley communities (4,161) despite the North Valley communities having a lower share of the population. Of the housing units in the, both Ketchum and Sun Valley have the bottom two lowest shares of renter-occupied housing in, whereas Hailey and Bellevue trend higher. Advertisements The ACS estimates of the lower share of rental properties runs contrary to the number of advertisements placed for long-term (minimum 6-month lease) rentals placed in local media. Over the past fiscal year, the share of advertisements placed in the Idaho Mountain Express shows the distribution of advertised rentals tilts more toward North Valley communities, with 45.7% of ads placed for rentals identified as being in Ketchum 26. Ads Placed FY 2017 by Area and Unit Size Unit Size Total Ads Bellevue Hailey Ketchum Sun Valley Studio 41 4 9 16 12 1BD 84 5 20 45 14 2BD 159 5 39 89 26 3BD 169 10 89 56 14 4+BD 33 0 17 16 0 All Units 486 24 174 222 66 All Units Percentages 100.0% 4.9% 35.8% 45.7% 13.6% As the table above shows, two-bedroom units were the largest single category of advertised units in the North Valley communities, while in the South Valley communities three-bedrooms were the largest single category. This distribution of housing unit size is compatible with data estimates from the ACS 26 Source: Idaho Mountain Express, Classifieds, compiled by Housing Authority, October 1, 2016 through September 30, 2017 Page 12 Housing Authority Annual Report (FY 2017)
which show a smaller household size in the North Valley communities than the South Valley communities (see table below) 27. Totals Estimate - Average household size of renter-occupied unit Bellevue Hailey Ketchum Sun Valley Carey 2.4 2.2 2.9 1.9 2.0 3.2 Median Advertised Rents also show that prices for rental units in North Valley communities tended to be higher than the prices advertised for South Valley communities 28. Median Advertised Rents by Area and Unit Size Unit Size Bellevue Hailey Ketchum Sun Valley Studio $600 $688 $844 $875 1BD $913 $750 $1,050 $1,138 2BD $888 $1,025 $1,450 $1,325 3BD $1,425 $1,650 $2,500 $1,950 4+BD - $2,049 $3,000 - Estimated Gross Rents ACS data show a similar distribution of price points within the, using the median Gross Rent 29 across all unit sizes in each jurisdiction. These data confirm the advertising statistics that North Valley communities tend to have a higher rent than the South Valley communities. Estimating Gross Rent As a Percentage of Income ( GRAPI ), ACS shows a high number of renters who are cost-burdened 30, as shown in the next table 31. Unlike the advertised rents, GRAPI numbers include other housing costs used by HUD to determine a household s cost burden, such as utilities, association fees, and other costs. HUD has produced a table of statewide averages for utilities based upon housing type, size, and source of utility 32. Average utility costs range from $92 for a studio unit to $257 for a 5-bedroom housing unit 33 and should be considered as additional housing costs when analyzing at rental prices. Given that each jurisdiction has a variant of available rental housing supply, income and wage median, and household size, tailoring an affordable price point for rental will require more than a cursory glance at HUD-based wide statistics. 27 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates 28 Source: Idaho Mountain Express, Classifieds, compiled by Housing Authority, October 1, 2016 through September 30, 2017 29 Gross rent is the contract rent plus the estimated average monthly cost of utilities (electricity, gas, and water and sewer) and fuels (oil, coal, kerosene, wood, etc.) if these are paid by the renter (or paid for the renter by someone else), See American Community Survey 2016 Subject Definitions. 30 U.S. Department of Housing and Urban Development defines Cost burden as monthly housing costs (including utilities) exceeding 30% of monthly income, https://www.huduser.gov/portal/datasets/cp/chas/bg_chas.html 31 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates 32 Source: https://www.huduser.gov/portal/datasets/husm/uam.html 33 Average utility costs calculated by BCHA using the average costs for space heating, cooking, other electric, water heating, and water for unit sizes across each of the five types of housing listed by HUD: Single Family Detached, Single Family Attached, Small Multifamily Dwelling, Larger Multifamily Dwelling, and Manufactured Homes, see https://www.huduser.gov/portal/datasets/husm/uam.html. Page 13 Housing Authority Annual Report (FY 2017)
Totals Estimate; Occupied units paying rent Estimate; GROSS RENT - Occupied units paying rent - Median (dollars) Estimate; Occupied units paying rent - Cost Burdened Percent; Occupied units paying rent - Cost Burdened Bellevue Hailey Ketchum Sun Valley Carey Unincorp. 2,531 300 1,045 538 63 43 542 $964 $905 $897 $970 $1,190 $650 (X) 1,222 181 606 139 43 9 244 48.3% 60.3% 58.0% 25.8% 68.3% 20.9% 45.0% BCHA Database and Affordability While data from ACS and local media can be informative of the existing rental market, assumptions on income categories do traditionally come from HUD. The most recent numbers show a median income of $77,800 for a family of four. Based upon this publication by HUD, Housing Authority organizes its income categories accordingly, and applies them countywide (see table below) 34. HH Size 1 2 3 4 5 6 Income Category 0 (< 30% AMI) $16,350 $18,700 $21,050 $24,600 $28,780 $32,960 Category 1 (50% AMI) $27,250 $31,050 $35,050 $38,900 $42,050 $45,150 Category 2 (60% AMI) $32,700 $37,400 $42,050 $46,700 $50,450 $54,200 Category 3 (80% AMI) $43,600 $49,800 $56,050 $62,250 $67,250 $72,250 Category 4 (100% AMI) $54,500 $62,250 $70,050 $77,800 $84,050 $90,250 Using the 30% of monthly income rule to determine affordability (Gross Rent housing-related costs in addition to rent and/or mortgage), the targeted price points for each income category is as follows: HH Size 1 2 3 4 5 6 Category 0 (< 30% AMI) $409 $468 $526 $615 $720 $824 Category 1 (50% AMI) $681 $776 $876 $973 $1,051 $1,129 Category 2 (60% AMI) $818 $935 $1,051 $1,168 $1,261 $1,355 Category 3 (80% AMI) $1,090 $1,245 $1,401 $1,556 $1,681 $1,806 Category 4 (100% AMI) $1,363 $1,556 $1,751 $1,945 $2,101 $2,256 Under HUD Guidelines, a family of four at the median income in should pay no more than $1,945 in total housing costs or Gross Rent (rent, utilities, HOA fees, etc.). Assuming a family of four would need a three-bedroom housing unit, based on advertised data, the median rent of North Valley 34 Source: HUD, Aggregation by Housing Authority Page 14 Housing Authority Annual Report (FY 2017)
communities is beyond the reach of the median household according to HUD s statistics and housing costs for South Valley communities may also become burdensome once utilities and other costs are factored. BCHA maintains a waiting list of households for affordable units in the county. As of October 2017, there were 104 households on the list, which includes 205 individuals (adults and minor children), yielding an average household size of 1.97 people per household 35. Of those households, a majority (52.9%) are single person households and a plurality (31.7%) are Category 1 (less than 50% AMI), the next largest share (26.9%) is Category 3 (60% to 80% of AMI) 36. A plurality (47.1%) of the people on the BCHA waiting list are seeking affordable rental housing, primarily in Ketchum and Hailey 37, where housing options affordable to households in the Category 1 range are scarce. Given the smaller household sizes represented within the database, it would be prudent to advocate for smaller sized entry point rentals that are better suited to one- and two-person households and which can be produced at a lower cost, provided regulatory hurdles can be addressed. 35 Housing Authority, active waiting list through October 31, 2016 36 Id. 37 Id. Page 15 Housing Authority Annual Report (FY 2017)
V. Ownership Market Of the estimated 8,708 occupied housing units in, 67. 3% are owner occupied. ) 38. Sun Valley is at the higher end higher with 88.9% owner-occupied and Hailey at the lowest end with 60.8% owner-occupied 39. The ACS estimates a median home value of $384,800 40, with higher values found in the North Valley communities compared to the South Valley communities (see table below). Totals (Owner-occupied units) Estimate; VALUE - Median (dollars) Percent; VALUE - Less than $99,999 Percent; VALUE - $100,000 to $299,999 Percent; VALUE - $300,000 to $499,999 Percent; VALUE - $500,000 to $999,999 Percent; VALUE - $1,000,000 or more Bellevue Hailey Ketchum Sun Valley Carey $384,800 $227,600 $266,500 $584,900 $840,000 $141,800 (X) Unincorp. 6.0% 13.4% 3.2% 1.3% 0.0% 28.3% 8.8% 30.1% 54.5% 55.1% 18.0% 13.2% 54.2% 9.6% 24.5% 30.1% 30.5% 23.9% 22.8% 17.6% 18.8% 22.7% 0.9% 11.2% 28.4% 20.4% 0.0% 38.6% 16.6% 1.0% 0.0% 28.5% 43.7% 0.0% 24.2% The table above includes data from units estimated as occupied (i.e. full-time residents) and not vacant (i.e. second home owners). As the data indicate, a plurality share of owner-occupied housing units is valued at less than $300,000 41 within the. The South Valley Within the BCHA database, the average household income is $37,122, which calculates an average $928 in monthly affordable housing costs. housing above the $500,000 value 42. communities have a majority share of owner-occupied units below that price point. The North Valley communities and Unincorporated have a majority share of owner-occupied Cost Burden of Owner-Occupied Housing The ACS estimates that 42.3% of owner-occupied houses within the with a mortgage are costburdened, meaning more than 30% of the household s monthly income is going towards housing-related 38 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates 39 Id. 40 Id. 41 Id. 42 Id. Page 16 Housing Authority Annual Report (FY 2017)
expenses with higher ratios in the North Valley communities and the Unincorporated 43. These ratios correspond with the higher median value of properties in those areas. According to data from the Sun Valley Board of Realtors, $513,092,001 was transacted in real estate purchases and sales for housing units (single family homes and condominiums) 44. While the ACS data are based on value and can be separated into owner-occupied units and unoccupied owner units, the totals calculated using data sourced from Sun Valley Board of Realtors, include all housing and condominium sales. Both datasets confirm the higher cost of housing in the North Valley communities. In terms of the purchase price in, the average price is $940,361 45 for detached, singlefamily homes and $559,417 for condos, based on total volume sales divided by total sales as provided by the Sun Valley Board of Realtors (see Appendices). At these price points and assuming a 10% down payment and 4.5% interest rate over a 30-year mortgage, the average monthly mortgage would be $4,288 for a home and $2,551 for a condo, which would require average minimum annual incomes of $171,528 to purchase a home and $102,042 to purchase a condo in order to maintain a mortgage at 30% of a household s monthly income 46. Supply Monthly Costs at 30% and Annual Income Needed to Maintain Affordability Average Advertised Monthly Rental Price (All) Estimated Average Monthly Mortgage Payment (Home) Estimated Average Monthly Mortgage Payment (Condo Townhouse) Average Sales Price N/A $940,361 $559,417 Monthly Cost (at 30%) $1,628 $4,288 $2,551 Annual Income Needed to Afford Average Net Monthly Costs $65,120 $171,528 $102,042 Affordability Gap By different measures, the household income in can be calculated as $58,086 (ACS: median, all households), $68,626 (ACS: mean earnings, households with earnings), $77,800 (HUD: median income, household of four), and $79,875 (ACS: mean income, all households) each of which is below the amount needed for the average house or condo in at a 30% cost-burdened threshold. Within the BCHA database, the average household income is $37,122, which calculates an average $928 in monthly affordable housing costs. In order to afford the mean advertised price of a rental unit, it would require an extra annual income of $27,998, an extra $134,406 to purchase a home, and an extra $64,920 to purchase a condo (see table below). 43 Id. 44 Sun Valley Board of Realtors, MLS 2017 Statistics citation. MLS data deemed reliable but not guaranteed. 45 Id. 46 Mortgage Payments are based upon a down payment of 10%, 30-year mortgage, 4.5% interest rate, Calculations made via BankRate.com and are based on the Volume Sales divided by units sold wide as provided by the Sun Valley Board of Realtors, (https://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx) Page 17 Housing Authority Annual Report (FY 2017)
The size of the gap that exists between supply and demand shows that the market for home ownership is not limited to county home purchasers. Unlike rentals, which tend to draw from the workforce either already present in the county or employed in the county (thereby creating a smaller gap in affordability), home purchasers are a much larger market that extends into the wealthier areas of the country, where many individuals seek second homes in a resort area. The presence of extra capital drives up the price points beyond the reach of those who live in county full-time. Demand Annual Income and Monthly Costs Affordability Threshold (30%), with additional income needed to afford housing (if needed) Average Max Housing Cost (BCHA Database) ACS Median household income (2016 dollars, all households) ACS Mean household income (2016 dollars, all households) ACS Mean earnings (2016 dollars, households with earnings) HUD Median Income (HH=4) Annual Income $37,122 $58,086 $79,875 $68,626 $77,800 Calculated Maximum Monthly Costs (30%) Additional Annual Income Needed for Rental Housing Additional Annual Income Needed for Home Purchase Additional Annual Income Needed for Condo Purchase $928 $1,452 $1,997 $1,716 $1,945 $27,998 $7,034 N/A N/A N/A $134,406 $113,442 $91,653 $102,902 $93,728 $64,920 $43,956 $22,167 $33,416 $24,242 The large gaps identified in the table above show the large disparity between the different markets for rental and ownership opportunities particularly for households within the BCHA database. The additional income needed to fully participate in the housing market is staggering and requires a thoughtful use of an all of the above approach. Increasing the supply of housing will eventually lead to downward pressure on the price of that supply. Defining the market for housing by focusing on current full-time residents will also move prices downward to meet the demand. Either approach will take time as market forces also take time to correct to new realities. In addition to market-based approaches, the development of scattered-site affordable housing options through either subsidy or deed covenant will also be a valuable tool, provided such options are tailored to the needs of those in the market for affordable housing (i.e. income level and household size) and promote a churning of the market as households move up the economic ladder freeing up the current stock of entry-point, local, and affordable housing options as new households enter the market. No single solution will solve the affordable housing shortage, but each course of action should be complimentary to others, so that each solution can be implemented unfettered. Page 18 Housing Authority Annual Report (FY 2017)
VI. Housing Authority BCHA exists to preserve the supply of safe, decent, attractive, and affordable housing for the full-time residents of. This is achieved through property management of rental housing, collaboration with local and regional development organizations, working with federal, state, and local jurisdictions, as necessary, and through the sale and purchase of cost-controlled (through deed covenant) housing for affordable home ownership. Additionally, BCHA gathers and analyzes data from local, state, and federal sources to create a more complete picture of housing countywide, as disseminated in the previous sections of this report. Findings are then used to inform internal policies and are made available to interested builders, policymakers, organizations, and citizens. BCHA Services BCHA s direct services include maintenance of the community housing database, stewardship of community housing, housing counseling services, operations of the Lift Tower Lodge, and management of affordable rentals. At the conclusion of FY 2017, BCHA maintained a Community Housing applicant database of 104 individual households, had 106 homes under its stewardship, conducted 110 housing counseling sessions, provided accommodations to 149 individuals at the Lift Tower Lodge, and managed 24 affordable rental units. The Community Housing database of 104 households represented 205 individual people at the end of FY 2017. A majority (52.9%) of those households were single-person households, with two-person households making up the second-largest segment (21.2%). Among Income Categories, 51.9% of those in the database were at a Category 2 (less than 60% of AMI) and below, with Category 3 (60% to 80% of AMI) being the next largest block at 26.9%. Income Category 4 (80% to 100% of AMI) and above represented 21.1% of the applicant pool. According to HUD, Area Median Income is broken down into 4 categories. 51.9% iof those on th datbase had income less than 60% of the area median income (Category 2) BCHA maintained an applicant database of 104 individual households, had 106 homes under its stewardship, conducted 110 housing counseling sessions, provided accommodations to 149 individuals at the Lift Tower Lodge, and managed 24 affordable rental units. BCHA s stewardship of 106 community homes include annual recertification and counseling sessions with Community Homeowners and has worked to preserve deed-covenanted affordable housing, through direct purchase and prevention of loss through foreclosure. During FY 2017, one ownership unit was purchased and resold by the BCHA board in order to preserve its affordability status to a new household at an Income Category 3. At the end of the 2017 and early 2018 fiscal year, the BCHA board again exercised its option to purchase a community home which was then converted into an affordable rental at an Income Category 4. Of the community homes stewarded by BCHA, 41 homeowners are at an Income Category 4 and 25 are at an Income Category 3, providing homeownership for an income class of people who otherwise would not be able to purchase within the. Page 19 Housing Authority Annual Report (FY 2017)
During the past fiscal year, BCHA conducted 110 housing counseling sessions. These sessions provide prospective homeowners with the tools and information they need to become better positioned for homeownership. BCHA s Program Director has continued her trainings in order to continue to meet HUD requirements as a certified housing counselor. This is a key service to the as it allows residents applying for federally-backed loans to meet the obligations locally as they pursue qualification for those loans while also providing local services for clients of local housing developers who receive federal funding. In the coming year, BCHA will be making efforts to continue as a fully HUD-certified housing counseling organization so that these services can remain local. The Lift Tower Lodge continues to provide temporary housing solutions for the workforce in by permitting short-term stays for displaced people between housing opportunities as well as short-term housing for those working in on a temporary basis. Through partnerships with construction companies, recreational/lodging companies, and non-profits, the Lift Tower Lodge provided accommodations for 149 individuals in FY 2017. While successful in its current form, BCHA will continue to explore opportunities for the Lift Tower Lodge and how those opportunities and/or changes might fit into the overall mission of BCHA. BCHA manages 23 affordable rental units, the majority of which are owned by other parties. The largest Income Category of these rentals is Income Category 3. The median rent for all BCHA s managed units is $975. Rental rates charged at BCHA-managed rentals are subject to the federal and state programs supporting such units but also the ownership of those units. BCHA directly owns 3 rental units and charges rents from $750 to $1560. It is anticipated that new rental management opportunities are on the horizon with the completion of four new affordable rental units in Hailey, in addition to other opportunities brought about through new development and annexation by municipalities within the. BCHA will remain vigilant in positioning itself to seek new funding opportunities to assist those in the rental market in identifying and pursuing affordable rent within the, including Housing Choice Vouchers and collaborating with cities interested in securing Low Income Housing Tax Credits ( LIHTC ). BCHA Internal Activities BCHA ended FY 2017 with $283,177.25 in assets and $203,083.48 in cash. BCHA renewed its contracts with the and participating municipalities for the coming fiscal year and at the same rate as the prior year. BCHA continued to collect management fees and transaction fees for the transfer of Community Housing. BCHA staff has worked to steward its financial resources in a way that inspires confidence in the organization and furtherance of its mission. A transition to new leadership toward the end FY 2017 within the organization and the adoption of new internal policies related to records retention, public release of records, frequency of board meetings, and day to day operations, such as rent collection and tenant policies are the laying down of infrastructure to expand and enhance BCHA s role in the community as it relates to affordable housing opportunities. Among BCHA s goals for the coming year are creating consistent policies on community housing, collaborating on updates to local and state laws concerning housing, updating management contracts, updating memoranda of understanding, and continuing to be a voice for those presently in the Page 20 Housing Authority Annual Report (FY 2017)
community who are in need of housing. BCHA will be supportive of what is called Middle Income Housing (housing at or around 100% of AMI) where appropriate but will not neglect the majority of its database, which is predominately at or below 60% of AMI, and likely better suited for affordable longterm rentals. The database is the list of customers to which BCHA will and must focus its efforts in the coming year and beyond. Page 21 Housing Authority Annual Report (FY 2017)
VII. Conclusion Housing affordability has been a concern for for many years and reflects the challenges that are common among resort communities as local leaders must balance the need for affordable housing for their full-time residents with the influx of capital from outside of the area which distorts the price points for housing. With recent elections once again emphasizing housing issues, there are opportunities to re-evaluate housing efforts and policies of the past so that those policies and practices which work can be strengthened and supported, while those which are BCHA will continue to seek out partnerships in the public and private sectors and be a trusted resource for housingrelated information in while directing its focus those who presently live and work in. ineffective may be replaced by new ideas. In economics, price is a product of supply and demand. As numbers from the sources cited throughout this report would indicate, the limited supply of available housing and the presence of excess capital from outside the area sets the price of ownership beyond the reach of many full-time residents. The high number of vacant (second-home) units coupled with the advent of shortterm rentals, erodes the stock of available rental housing options, forcing prices upward. NIMBY attitudes and a lack of consensus as to what Community Housing should look like, as well as where it could or should be built further exacerbates the problem. Additionally, federal and state funds for affordable housing are becoming less reliable as a financial resource because of budget cuts and reprioritization of government spending which is decided at a level beyond the reach of the local jurisdictions of. Within the state of Idaho, is an outlier with regard to affordability and cost of living. Because this, not much urgency exists at the state level to either fund affordable housing developments or to allow localities to best determine the housing policies that will suit their communities. Despite barriers, BCHA is committed to advocate at all levels of government for policy change to encourage the development and preservation of affordable housing. BCHA will continue to seek out partnerships in the public and private sectors and be a trusted resource for housing-related information in while directing its focus those who presently live and work in. Page 22 Housing Authority Annual Report (FY 2017)
APPENDIX 1: DEMOGRAPHICS FY 2017 Annual Report An expanded look at the make-up of the population of.
Total Population By City/Unincoporated Annual Population Estimate Totals Bellevue Carey Hailey Ketchum Sun Valley Unicorp. April 1, 2010 - Census 21,376 2,287 604 7,960 2,689 1,406 6,430 April 1, 2010 - Estimates Base 21,378 2,329 604 7,960 2,719 1,410 6,356 Population Estimate (as of July 1) - 2010 21,303 2,318 602 7,932 2,710 1,406 6,335 Population Estimate (as of July 1) - 2011 21,085 2,287 593 7,866 2,680 1,393 6,266 Population Estimate (as of July 1) - 2012 21,107 2,277 592 7,902 2,676 1,394 6,266 Population Estimate (as of July 1) - 2013 21,278 2,287 597 7,984 2,697 1,405 6,308 Population Estimate (as of July 1) - 2014 21,410 2,292 601 8,046 2,711 1,410 6,350 Population Estimate (as of July 1) - 2015 21,548 2,295 600 8,114 2,723 1,422 6,394 Population Estimate (as of July 1) - 2016 21,791 2,315 603 8,218 2,753 1,436 6,466 Share of Population (Percentages) Bellevue Carey Hailey Ketchum Sun Valley Unicorp. April 1, 2010 - Census 100.0% 10.7% 2.8% 37.2% 12.6% 6.6% 30.1% April 1, 2010 - Estimates Base 100.0% 10.9% 2.8% 37.2% 12.7% 6.6% 29.7% Population Estimate (as of July 1) - 2010 100.0% 10.9% 2.8% 37.2% 12.7% 6.6% 29.7% Population Estimate (as of July 1) - 2011 100.0% 10.8% 2.8% 37.3% 12.7% 6.6% 29.7% Population Estimate (as of July 1) - 2012 100.0% 10.8% 2.8% 37.4% 12.7% 6.6% 29.7% Population Estimate (as of July 1) - 2013 100.0% 10.7% 2.8% 37.5% 12.7% 6.6% 29.6% Population Estimate (as of July 1) - 2014 100.0% 10.7% 2.8% 37.6% 12.7% 6.6% 29.7% Population Estimate (as of July 1) - 2015 100.0% 10.7% 2.8% 37.7% 12.6% 6.6% 29.7% Population Estimate (as of July 1) - 2016 100.0% 10.6% 2.8% 37.7% 12.6% 6.6% 29.7% Annual Growth Since 2010 Census Bellevue Carey Hailey Ketchum Sun Valley Unicorp. April 1, 2010 - Estimates Base 21,378 2,329 604 7,960 2,719 1,410 6,356 Population Estimate (as of July 1) - 2010-0.4% -0.5% -0.3% -0.4% -0.3% -0.3% -0.3% Population Estimate (as of July 1) - 2011-1.0% -1.3% -1.5% -0.8% -1.1% -0.9% -1.1% Population Estimate (as of July 1) - 2012 0.1% -0.4% -0.2% 0.5% -0.1% 0.1% 0.0% Population Estimate (as of July 1) - 2013 0.8% 0.4% 0.8% 1.0% 0.8% 0.8% 0.7% Population Estimate (as of July 1) - 2014 0.6% 0.2% 0.7% 0.8% 0.5% 0.4% 0.7% Population Estimate (as of July 1) - 2015 0.6% 0.1% -0.2% 0.8% 0.4% 0.9% 0.7% Population Estimate (as of July 1) - 2016 1.1% 0.9% 0.5% 1.3% 1.1% 1.0% 1.1% Total Growth from July, 2010 2.3% -0.1% 0.2% 3.6% 1.6% 2.1% 2.1% Total Growth from Census 1.9% 1.2% -0.2% 3.2% 2.4% 2.1% 0.6% Total Growth from Estimates Base 1.9% -0.6% -0.2% 3.2% 1.3% 1.8% 1.7% Source: Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates Supporting documentation on code lists, subject definitions, data accuracy, and statistical testing can be found on the American Community Survey website in the Data and Documentation section. Sample size and data quality measures (including coverage rates, allocation rates, and response rates) can be found on the American Community Survey website in the Methodology section.
Year 2016 2010 Percentages Percent; HISPANIC OR LATINO AND RACE - Total population - Hispanic or Latino (of any race) Percent; HISPANIC OR LATINO - Total population - Hispanic or Latino (of any race) Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 20.7% 30.0% 20.1% 29.2% 6.7% 5.7% 15.9% 20.0% 28.8% 12.1% 28.1% 9.1% 4.6% 15.4% Year Percentages Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 2016 Percent; HISPANIC OR LATINO AND RACE - Total population - Hispanic or Latino (of any race) 20.7% 30.0% 20.1% 29.2% 6.7% 5.7% 15.9% 2010 Percent; HISPANIC OR LATINO - Total population - Hispanic or Latino (of any race) 20.0% 28.8% 12.1% 28.1% 9.1% 4.6% 15.4% 2016 Percent; RACE - One race - Some other race 5.3% 13.5% 7.0% 8.1% 4.4% 0.0% 0.0% 2010 Percent; RACE - Total population - One Race - Some Other Race 11.8% 16.6% 8.1% 16.2% 6.5% 1.0% 9.7% 2016 Percent; RACE - One race - White 92.0% 82.4% 90.4% 89.6% 95.6% 91.8% 97.3% 2010 Percent; RACE - Total population - One Race - White 84.9% 80.4% 88.9% 80.2% 90.9% 96.4% 87.1% Year Percentages Unincorp. Bellevue Carey Hailey Ketchum Sun Valley 2016 Estimate; SEX AND AGE - Median age (years) 42.9 34.4 34.8 36.3 50.6 59.8 (X) 2010 Number; SEX AND AGE - Total population - Median age (years) 40.4 35.0 33.4 35.1 44.0 53.9 (X) Year Percentages Unincorp. Bellevue Carey Hailey Ketchum Sun Valley 2016 Percent; SEX AND AGE - Female population 49.5% 53.8% 48.1% 48.6% 54.1% 37.3% 49.9% 2010 Percent; SEX AND AGE - Female population 49.1% 49.6% 50.8% 50.0% 48.0% 49.2% 48.0% 2016 Percent; SEX AND AGE - Male population 50.5% 46.2% 51.9% 51.4% 45.9% 62.7% 50.1% 2010 Percent; SEX AND AGE - Male population 50.9% 50.4% 49.2% 50.0% 52.0% 50.8% 52.0%
Year 2016 2010 2016 2010 Percentages Percent; SEX AND AGE - Total population - 18 years and over Percent; SEX AND AGE - Total population - 18 years and over Percent; SEX AND AGE - Total Population - 18 years and under Percent; SEX AND AGE - Total Population - 18 years and under Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 76.7% 69.6% 72.7% 73.2% 90.1% 94.5% 74.6% 75.7% 70.9% 63.6% 71.4% 85.7% 88.5% 76.8% 23.3% 30.4% 27.3% 26.8% 9.9% 5.5% 25.4% 24.3% 29.1% 36.4% 28.6% 14.3% 11.5% 23.2% Year Totals Unincorp. Bellevue Carey Hailey Ketchum Sun Valley 2016 Estimate; SEX AND AGE - Total population 21,427 2,352 561 8,058 2,719 1,398 6,339 2016 Estimate; SEX AND AGE - 18 years and over 16,442 1,637 408 5,896 2,450 1,321 4,730 2016 Estimate; SEX AND AGE - 18 years and over - Male 8,313 801 225 2,902 1,133 849 2,403 2016 Estimate; SEX AND AGE - 18 years and over - Female 8,129 836 183 2,994 1,317 472 2,327 2010 Number; SEX AND AGE - Total population 21,376 2,287 604 7,960 2,689 1,406 6,430 2010 Number; SEX AND AGE - Total population - 18 years and over 16,173 1,621 384 5,681 2,304 1,244 4,939 2010 Number; SEX AND AGE - Male population - 18 years and over 8,232 825 193 2,806 1,210 631 2,567 2010 Number; SEX AND AGE - Female population - 18 years and over 7,941 796 191 2,875 1,094 613 2,372
Year Totals Unincorp. Bellevue Carey Hailey Ketchum Sun Valley 2016 Estimate; SEX AND AGE - Total population 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 2016 Estimate; SEX AND AGE - 18 years and over 76.7% 69.6% 72.7% 73.2% 90.1% 94.5% 74.6% 2016 Estimate; SEX AND AGE - 18 years and over - Male 38.8% 34.1% 40.1% 36.0% 41.7% 60.7% 37.9% 2016 Estimate; SEX AND AGE - 18 years and over - Female 37.9% 35.5% 32.6% 37.2% 48.4% 33.8% 36.7% 2010 Number; SEX AND AGE - Total population 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 2010 Number; SEX AND AGE - Total population - 18 years and over 75.7% 70.9% 63.6% 71.4% 85.7% 88.5% 76.8% 2010 Number; SEX AND AGE - Male population - 18 years and over 38.5% 36.1% 32.0% 35.3% 45.0% 44.9% 39.9% 2010 Number; SEX AND AGE - Female population - 18 years and over 37.1% 34.8% 31.6% 36.1% 40.7% 43.6% 36.9% Source: American Community Survey, U.S. Census Bureau, Aggregation by Housing Authority.
APPENDIX 2: THE WORKFORCE FY 2017 Annual Report An expanded look at the workforce and industries of.
Bureau of Labor Statistics ("BLS"), High-Level Industries Quarterly Census of EmPrivateloyment and Wages 2016 2016 3rd Quarter 2016 4th Quarter July August September October November December Sector High-Level Industry Employment Employment Employment Employment Employment Employment ALL PRIVATE & PUBLIC 13,690 13,274 12,585 12,184 11,942 12,746 Fed. Gov. 10 Total, all industries 120 115 111 112 106 93 Fed. Gov. 102 Service-providing 120 115 111 112 106 93 Fed. Gov. 1021 Trade, transportation, and utilities 33 31 33 31 31 33 Fed. Gov. 1028 Public administration 87 84 78 81 75 60 Loc. Gov. 10 Total, all industries 1,278 1,225 1,212 1,292 1,275 1,256 Loc. Gov. 102 Service-providing 1,278 1,225 1,212 1,292 1,275 1,256 Loc. Gov. 1025 Education and health services 667 619 655 743 740 727 Loc. Gov. 1027 Other services 7 7 6 Loc. Gov. 1028 Public administration 566 561 516 505 492 476 Private 10 Total, all industries 12,253 11,895 11,222 10,739 10,520 11,357 Private 102 Service-providing 10,036 9,648 9,004 8,597 8,415 9,340 Private 101 Goods-producing 2,217 2,247 2,218 2,142 2,105 2,017 Private 1026 Leisure and hospitality 3,658 3,588 3,103 2,827 2,716 3,589 Private 1021 Trade, transportation, and utilities 2,054 2,020 1,970 1,938 1,917 1,992 Private 1024 Professional and business services 1,781 1,763 1,661 1,629 1,559 1,467 Private 1012 Construction 1,648 1,628 1,605 1,588 1,553 1,491 Private 1025 Education and health services 1,051 1,053 1,059 1,043 1,084 1,116 Private 1023 Financial activities 827 559 591 566 558 581 Private 1027 Other services 502 508 464 Private 1013 Manufacturing 436 437 412 417 413 401 Private 1022 Information 163 157 156 Private 1011 Natural resources and mining 133 182 201 137 139 125 State Gov. 10 Total, all industries 39 39 40 41 41 40 State Gov. 102 Service-providing 39 39 40 41 41 40 State Gov. 1028 Public administration 31 31 32 33 33 32
2017 2017 1st Quarter 2017 2nd Quarter January February March April May June Sector High-Level Industry Employment Employment Employment Employment Employment Employment ALL PRIVATE & PUBLIC 12,776 12,658 12,626 12,288 12,265 13,450 Fed. Gov. 10 Total, all industries 90 85 87 89 94 114 Fed. Gov. 102 Service-providing 90 85 87 89 94 114 Fed. Gov. 1021 Trade, transportation, and utilities 32 30 29 31 28 30 Fed. Gov. 1028 Public administration 58 55 58 58 66 84 Loc. Gov. 10 Total, all industries 1,253 1,255 1,270 1,292 1,288 1,332 Loc. Gov. 102 Service-providing 1,253 1,255 1,270 1,292 1,288 1,332 Loc. Gov. 1025 Education and health services 728 719 719 747 735 722 Loc. Gov. 1027 Other services 6 7 8 Loc. Gov. 1028 Public administration 474 484 499 495 511 564 Private 10 Total, all industries 11,393 11,279 11,230 10,866 10,840 11,964 Private 102 Service-providing 1,951 1,957 2,027 8,724 8,595 9,574 Private 101 Goods-producing 94 95 114 2,142 2,245 2,390 Private 1026 Leisure and hospitality 3,775 3,665 3,580 2,980 2,688 3,306 Private 1021 Trade, transportation, and utilities 1,887 1,872 1,875 1,895 1,848 1,980 Private 1024 Professional and business services 1,461 1,473 1,444 1,516 1,681 1,782 Private 1012 Construction 406 402 407 1,585 1,702 1,825 Private 1025 Education and health services 1,166 1,171 1,165 1,149 1,157 1,176 Private 1023 Financial activities 564 557 552 587 586 610 Private 1027 Other services 433 429 433 444 455 511 Private 1013 Manufacturing 9,442 9,322 9,203 406 391 415 Private 1022 Information 156 155 154 153 180 209 Private 1011 Natural resources and mining 1,451 1,460 1,506 151 152 150 State Gov. 10 Total, all industries 40 39 39 41 43 40 State Gov. 102 Service-providing 40 39 39 41 43 40 State Gov. 1028 Public administration 32 31 31 32 34 31
Last 4 Quarters Median Percent of Sector High-Level Industry Employment Workforce ALL PRIVATE & PUBLIC 12,666 100.0% Fed. Gov. 10 Total, all industries 112 0.9% Fed. Gov. 102 Service-providing 112 0.9% Fed. Gov. 1021 Trade, transportation, and utilities 32 0.3% Fed. Gov. 1028 Public administration 80 0.6% Loc. Gov. 10 Total, all industries 1,266 10.0% Loc. Gov. 102 Service-providing 1,266 10.0% Loc. Gov. 1025 Education and health services 697 5.5% Loc. Gov. 1027 Other services 7 0.1% Loc. Gov. 1028 Public administration 511 4.0% Private 10 Total, all industries 11,290 89.1% Private 102 Service-providing 9,172 72.4% Private 101 Goods-producing 2,180 17.2% Private 1026 Leisure and hospitality 3,346 26.4% Private 1021 Trade, transportation, and utilities 1,981 15.6% Private 1024 Professional and business services 1,645 13.0% Private 1012 Construction 1,597 12.6% Private 1025 Education and health services 1,056 8.3% Private 1023 Financial activities 574 4.5% Private 1027 Other services 502 4.0% Private 1013 Manufacturing 415 3.3% Private 1022 Information 157 1.2% Private 1011 Natural resources and mining 138 1.1% State Gov. 10 Total, all industries 40 0.3% State Gov. 102 Service-providing 40 0.3% State Gov. 1028 Public administration 32 0.3% Source: Bureau of Labor Statistics, Quarterly Census of EmPrivateloyment and Wages, High-Level Industries, Idaho, httprivates://data.bls.gov
Totals Estimate; CLASS OF WORKER - Civilian employed population 16 years and over Percent; CLASS OF WORKER - Civilian employed population 16 years and over Estimate; CLASS OF WORKER - Civilian employed population 16 years and over - Private wage and salary workers Percent; CLASS OF WORKER - Civilian employed population 16 years and over - Private wage and salary workers Estimate; CLASS OF WORKER - Civilian employed population 16 years and over - Government workers American Community Survey ("ACS"), Idaho, 5-Year Estimates (2012-2016) Workforce/Employment Characteristics Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 11,795 1,216 282 4,429 1,859 768 3,241 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 8,556 877 160 3,312 1,344 670 2,193 72.5% 72.1% 56.7% 74.8% 72.3% 87.2% 67.7% 1,474 217 83 694 119 50 311 Percent; CLASS OF WORKER - Civilian employed population 16 years and over - Government workers Estimate; CLASS OF WORKER - Civilian employed population 16 years and over - Self-employed in own not incorporated business workers Percent; CLASS OF WORKER - Civilian employed population 16 years and over - Self-employed in own not incorporated business workers Estimate; CLASS OF WORKER - Civilian employed population 16 years and over - Unpaid family workers Percent; CLASS OF WORKER - Civilian employed population 16 years and over - Unpaid family workers 12.5% 17.8% 29.4% 15.7% 6.4% 6.5% 9.6% 1,729 122 39 411 396 48 713 14.7% 10.0% 13.8% 9.3% 21.3% 6.3% 22.0% 36 - - 12 - - 24 0.3% 0.0% 0.0% 0.3% 0.0% 0.0% 0.7%
Totals Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 8,708 884 184 2,838 1,520 567 2,715 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - Less than $10,000 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - Less than $10,000 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $10,000 to $14,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $10,000 to $14,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $15,000 to $24,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $15,000 to $24,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $25,000 to $34,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $25,000 to $34,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $35,000 to $49,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $35,000 to $49,999 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 335 21 9 63 56 25 161 3.8% 2.4% 4.9% 2.2% 3.7% 4.4% 5.9% 343 44-181 12 9 97 3.9% 5.0% 0.0% 6.4% 0.8% 1.6% 3.6% 1,182 93 14 440 165 86 384 13.6% 10.5% 7.6% 15.5% 10.9% 15.2% 14.1% 769 134 21 213 193 72 136 8.8% 15.2% 11.4% 7.5% 12.7% 12.7% 5.0% 1,270 211 18 415 287 55 284 14.6% 23.9% 9.8% 14.6% 18.9% 9.7% 10.5%
Totals Unincorp. Bellevue Carey Hailey Ketchum Sun Valley Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 1,585 84 69 558 290 82 502 $50,000 to $74,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 18.2% 9.5% 37.5% 19.7% 19.1% 14.5% 18.5% $50,000 to $74,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 1,152 102 17 447 196 66 324 $75,000 to $99,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 13.2% 11.5% 9.2% 15.8% 12.9% 11.6% 11.9% $75,000 to $99,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 1,137 128 34 344 180 83 368 $100,000 to $149,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 13.1% 14.5% 18.5% 12.1% 11.8% 14.6% 13.6% $100,000 to $149,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 347 58 1 69 42 43 134 $150,000 to $199,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 4.0% 6.6% 0.5% 2.4% 2.8% 7.6% 4.9% $150,000 to $199,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - 588 9 1 108 99 46 325 $200,000 or more Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - $200,000 or more 6.8% 1.0% 0.5% 3.8% 6.5% 8.1% 12.0% Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - Median household income (dollars) $ 58,086 $ 45,370 $ 61,429 $ 56,522 $ 51,119 $ 61,125 (X) Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - (X) (X) (X) (X) (X) (X) (X) Median household income (dollars)
Totals Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - Mean household income (dollars) Bellevue Carey Hailey Ketchum Sun Valley $ 79,875 $ 65,048 $ 65,339 $ 68,552 $ 76,833 $ 83,814 (X) Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Total households - (X) (X) (X) (X) (X) (X) (X) Mean household income (dollars) Unincorp. Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With earnings Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With earnings Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With earnings - Mean earnings (dollars) Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With earnings - Mean earnings (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With Social Security Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With Social Security Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With Social Security - Mean Social Security income (dollars) Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With Social Security - Mean Social Security income (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With retirement income 7,243 832 159 2,477 1,300 329 2,146 83.2% 94.1% 86.4% 87.3% 85.5% 58.0% 79.0% $ 68,626 $ 61,303 $ 59,153 $ 67,156 $ 68,674 $ 65,732 (X) (X) (X) (X) (X) (X) (X) (X) 2,474 171 54 716 401 353 779 28.4% 19.3% 29.3% 25.2% 26.4% 62.3% 28.7% $ 17,626 $ 14,310 $ 22,065 $ 14,284 $ 14,935 $ 22,082 (X) (X) (X) (X) (X) (X) (X) (X) 1,039 56 38 228 164 132 421
Totals Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With retirement income Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With retirement income - Mean retirement income (dollars) Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 11.9% 6.3% 20.7% 8.0% 10.8% 23.3% 15.5% $ 36,977 $ 20,146 $ 25,229 $ 33,929 $ 42,457 $ 47,176 (X) Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With retirement income - Mean retirement income (dollars) (X) (X) (X) (X) (X) (X) (X) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With 132 38 3 53-11 27 Supplemental Security Income Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With 1.5% 4.3% 1.6% 1.9% 0.0% 1.9% 1.0% Supplemental Security Income Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With $ Supplemental Security Income - Mean Supplemental 9,432 $ 12,971 N $ 5,904 N N (X) Security Income (dollars) Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With (X) Supplemental Security Income - Mean Supplemental (X) (X) (X) (X) (X) (X) Security Income (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With cash public 129 10-80 12 3 24 assistance income Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With cash public 1.5% 1.1% 0.0% 2.8% 0.8% 0.5% 0.9% assistance income Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With cash public assistance income - Mean cash public assistance income (dollars) $ 3,141 N - $ 3,203 N N (X)
Totals Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With cash public assistance income - Mean cash public assistance income (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With Food Stamp/SNAP benefits in the past 12 months Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - With Food Stamp/SNAP benefits in the past 12 months Bellevue Carey Hailey Ketchum Sun Valley (X) (X) (X) (X) (X) (X) (X) Unincorp. 518 59 15 352 12 3 77 5.9% 6.7% 8.2% 12.4% 0.8% (X) 2.8% Totals Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - Less than $10,000 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - Less than $10,000 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $10,000 to $14,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $10,000 to $14,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $15,000 to $24,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $15,000 to $24,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $25,000 to $34,999 Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 5,474 665 134 1,973 571 319 1,812 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 165 18 3 - - 19 125 3.0% 2.7% 2.2% 0.0% 0.0% 6.0% 6.9% 188 36-84 - - 68 3.4% 5.4% 0.0% 4.3% 0.0% 0.0% 3.8% 485 27 5 224 45 29 155 8.9% 4.1% 3.7% 11.4% 7.9% 9.1% 8.6% 415 122 17 124 48 42 62
Totals Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $25,000 to $34,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $35,000 to $49,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $35,000 to $49,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $50,000 to $74,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $50,000 to $74,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $75,000 to $99,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $75,000 to $99,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $100,000 to $149,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $100,000 to $149,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $150,000 to $199,999 Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $150,000 to $199,999 Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $200,000 or more Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 7.6% 18.3% 12.7% 6.3% 8.4% 13.2% 3.4% 699 130 12 269 83 26 179 12.8% 19.5% 9.0% 13.6% 14.5% 8.2% 9.9% 1,011 62 50 401 158 42 298 18.5% 9.3% 37.3% 20.3% 27.7% 13.2% 16.4% 837 93 13 406 49 49 227 15.3% 14.0% 9.7% 20.6% 8.6% 15.4% 12.5% 896 116 32 302 76 38 332 16.4% 17.4% 23.9% 15.3% 13.3% 11.9% 18.3% 279 58 1 69 42 28 81 5.1% 8.7% 0.7% 3.5% 7.4% 8.8% 4.5% 499 3 1 94 70 46 285
Totals Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - $200,000 or more Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - Median Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 9.1% 0.5% 0.7% 4.8% 12.3% 14.4% 15.7% $ 71,627 $ 49,917 $ 63,125 $ 70,558 $ 73,163 $ 75,268 (X) family income (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Families - Mean $ 93,864 $ 70,954 $ 71,449 $ 78,806 $ 104,916 $ 103,249 (X) family income (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Per capita income $ 34,330 $ 25,449 $ 23,667 $ 25,953 $ 44,143 $ 40,837 (X) (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Nonfamily 3,234 219 50 865 949 248 903 households Percent; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Nonfamily households 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Nonfamily households - Median nonfamily income (dollars) $ 37,460 $ 31,797 $ 53,750 $ 28,934 $ 41,675 $ 40,417 (X) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Nonfamily households - Mean nonfamily income (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Median earnings for workers (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Median earnings for male full-time, year-round workers (dollars) Estimate; INCOME AND BENEFITS (IN 2016 INFLATION-ADJUSTED DOLLARS) - Median earnings for female full-time, year-round workers (dollars) $ 54,266 $ 39,983 $ 48,966 $ 44,504 $ 59,656 $ 57,598 (X) $ 30,651 $ 33,942 $ 25,313 $ 30,081 $ 32,372 $ 22,013 (X) $ 41,139 $ 46,161 $ 40,909 $ 40,211 $ 40,095 $ 27,184 (X) $ 35,285 $ 36,555 $ 32,500 $ 37,571 $ 33,611 $ 35,882 (X)
Totals Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - With health insurance coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - With health insurance coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - With health insurance coverage - With private health insurance Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - With health insurance coverage - With private health insurance Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - With health insurance coverage - With public coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - With health insurance coverage - With public coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - No health insurance coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population - No health insurance coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population under 18 years Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 21,401 2,352 561 8,032 2,719 1,398 6,339 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 17,864 1,653 464 6,548 2,392 1,204 5,603 83.5% 70.3% 82.7% 81.5% 88.0% 86.1% 88.4% 14,047 1,306 371 4,848 2,001 875 4,646 65.6% 55.5% 66.1% 60.4% 73.6% 62.6% 73.3% 5,549 493 159 2,107 590 605 1,595 25.9% 21.0% 28.3% 26.2% 21.7% 43.3% 25.2% 3,537 699 97 1,484 327 194 736 16.5% 29.7% 17.3% 18.5% 12.0% 13.9% 11.6% 4,985 715 153 2,162 269 77 1,609
Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population under 18 years Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population under 18 years - No health insurance coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population under 18 years - No health insurance coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - With health insurance coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - With health insurance coverage 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 589 171 20 146 - - 252 11.8% 23.9% 13.1% 6.8% 0.0% 0.0% 15.7% 13,009 1,442 311 5,178 1,867 719 3,492 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 10,825 1,202 273 4,257 1,683 645 2,765 100.0% 100.0% 100.0% 100.0% 100.0% 645.0% 79.2% 10,499 1,144 262 4,093 1,644 614 2,742 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 8,220 780 211 3,006 1,369 439 2,415 78.3% 68.2% 80.5% 73.4% 83.3% 71.5% 88.1%
Totals Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - With health insurance coverage - With private health insurance Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - With health insurance coverage - With private health insurance Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - With health insurance coverage - With public coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - With health insurance coverage - With public coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - No health insurance coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Employed: - No health insurance coverage Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 8,121 772 211 2,994 1,337 439 2,368 77.4% 67.5% 80.5% 73.1% 81.3% 71.5% 86.4% 253 29 8 98 40-78 2.4% 2.5% 3.1% 2.4% 2.4% 0.0% 2.8% 2,279 364 51 1,087 275 175 327 21.7% 31.8% 19.5% 26.6% 16.7% 28.5% 11.9%
Totals Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - With health insurance coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - With health insurance coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - With health insurance coverage - With private health insurance Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - With health insurance coverage - With private health insurance Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - With health insurance coverage - With public coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - With health insurance coverage - With public coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - No health insurance coverage Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 326 58 11 164 39 31 23 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 126 29 3 71-12 11 38.7% 50.0% 27.3% 43.3% 0.0% 38.7% 47.8% 97 9-71 - 6 11 29.8% 15.5% 0.0% 43.3% 0.0% 19.4% 47.8% 29 20 3 - - 6-8.9% 34.5% 27.3% 0.0% 0.0% 19.4% 0.0% 200 29 8 93 39 19 12
Totals Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - In labor force: - Unemployed: - No health insurance coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - With health insurance coverage Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 61.3% 50.0% 72.7% 56.7% 100.0% 61.3% 52.2% 2,184 240 38 921 184 74 727 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 1,728 105 20 763 184 74 582 Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - With health insurance coverage Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - With health insurance coverage - With private health insurance Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - With health insurance coverage - With private health insurance Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - With health insurance coverage - With public coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - With health insurance coverage - With public coverage 79.1% 43.8% 52.6% 82.8% 100.0% 100.0% 80.1% 1,389 91 15 532 173 74 504 63.6% 37.9% 39.5% 57.8% 94.0% 100.0% 69.3% 434 34 6 296 11-87 19.9% 14.2% 15.8% 32.1% 6.0% 0.0% 12.0%
Totals Estimate; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - No health insurance coverage Percent; HEALTH INSURANCE COVERAGE - Civilian noninstitutionalized population 18 to 64 years - Not in labor force: - No health insurance coverage Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 456 135 18 158 - - 145 20.9% 56.3% 47.4% 17.2% 0.0% 0.0% 19.9% Percentages Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All families Bellevue Carey Hailey Ketchum Sun Valley 10.4% 8.1% 6.0% 10.8% 0.0% 6.0% (X) Unincorp. Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All families - With related children of the householder under 18 years Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All families - With related children of the householder under 18 years - With related children of the householder under 5 years only Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people - 18 years and over 19.0% 11.1% 11.1% 17.1% 0.0% 0.0% (X) 17.2% 0.0% 0.0% 34.1% 0.0% 0.0% (X) 12.7% 8.7% 9.8% 12.7% 5.4% 10.9% (X) 8.7% 8.0% 5.6% 9.1% 6.0% 10.9% (X)
Totals Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people - 18 years and over - 18 to 64 years Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people - 18 years and over - 65 years and over Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people - Under 18 years Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people - Under 18 years - Related children of the householder under 18 years Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people - Under 18 years - Related children of the householder under 18 years - Related children of the householder 5 to 17 years Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - All people - Under 18 years - Related children of the householder under 18 years - Related children of the householder under 5 years Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - Families with female householder, no husband present Bellevue Carey Hailey Ketchum Sun Valley 9.3% 8.0% 5.5% 8.4% 5.4% 16.7% (X) 6.5% 7.7% 6.2% 14.7% 7.7% 4.0% (X) 25.6% 10.2% 20.9% 22.3% 0.0% 10.4% (X) 25.4% 10.2% 20.4% 22.3% 0.0% 0.0% (X) 25.0% 10.1% 19.2% 20.6% 0.0% 0.0% (X) 26.8% 10.4% 22.9% 27.4% 0.0% 0.0% (X) 33.9% 19.6% 7.1% 39.1% 0.0% 0.0% (X) Unincorp.
Totals Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - Families with female householder, no husband present - With related children of the householder under 18 years Bellevue Carey Hailey Ketchum Sun Valley 38.2% 22.8% 20.0% 41.6% 0.0% 0.0% (X) Unincorp. Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - Families with female householder, no husband present - With related children of the householder under 18 years - With related children of the householder under 5 years only Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - Married couple families Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - Married couple families - With related children of the householder under 18 years Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - Married couple families - With related children of the householder under 18 years - With related children of the householder under 5 years only Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - People in families Percent; PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL - Unrelated individuals 15 years and over 45.8% 0.0% (X) 77.8% 0.0% #VALUE! (X) 4.4% 5.0% 5.9% 5.1% 0.0% 6.4% (X) 8.5% 7.2% 10.4% 8.2% 0.0% 0.0% (X) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% (X) 12.5% 8.3% 9.7% 11.8% 0.0% 4.9% (X) 13.4% 10.9% 10.4% 18.4% 11.0% 17.4% (X)
Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates, Note: Supporting documentation on code lists, subject definitions, data accuracy, and statistical testing can be found on the American Community Survey website in the Data and Documentation section. Sample size and data quality measures (including coverage rates, allocation rates, and response rates) can be found on the American Community Survey website in the Methodology section.
Totals Estimate; EMPLOYMENT STATUS - Population 16 years and over Estimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force Estimate; CLASS OF WORKER - Civilian employed population 16 years and over Estimate; CLASS OF WORKER - Civilian employed population 16 years and over - Private wage and salary workers American Community Survey ("ACS"), Idaho, 5-Year Estimates (2012-2016) Workforce/Employment Characteristics Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 17,020 1,674 427 6,153 2,450 1,332 4,984 12,246 1,278 293 4,645 1,919 829 3,282 11,795 1,216 282 4,429 1,859 768 3,241 8,556 877 160 3,312 1,344 670 2,193 Estimate; CLASS OF WORKER - Civilian employed population 16 years and over - Government workers Estimate; CLASS OF WORKER - Civilian employed population 16 years and over - Self-employed in own not incorporated business workers 1,474 217 83 694 119 50 311 1,729 122 39 411 396 48 713 Percentages Percent; EMPLOYMENT STATUS - Population 16 years and over Percent; EMPLOYMENT STATUS - Population 16 years and over - In labor force Percent; CLASS OF WORKER - Civilian employed population 16 years and over Percent; CLASS OF WORKER - Civilian employed population 16 years and over - Private wage and salary workers Bellevue Carey Hailey Ketchum Sun Valley Unincorp. 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 72.0% 76.3% 68.6% 75.5% 78.3% 62.2% 65.9% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 72.5% 72.1% 56.7% 74.8% 72.3% 87.2% 67.7% Percent; CLASS OF WORKER - Civilian employed population 16 years and over - Government workers Percent; CLASS OF WORKER - Civilian employed population 16 years and over - Self-employed in own not incorporated business workers Estimate; COMMUTING TO WORK - Mean travel time to work (minutes) 12.5% 17.8% 29.4% 15.7% 6.4% 6.5% 9.6% 14.7% 10.0% 13.8% 9.3% 21.3% 6.3% 22.0% 18.2 21.0 37.0 22.5 8.9 10.0 (X) Percentages Unincorp. Bellevue Carey Hailey Ketchum Sun Valley Percent; Share of Population 16 years and over 100.0% 9.8% 2.5% 36.2% 14.4% 7.8% 29.3% Percent; Share of Workforce 16 years and over 100.0% 10.4% 2.4% 37.9% 15.7% 6.8% 26.8%
Totals Estimate; COMMUTING TO WORK - Mean travel time to work (minutes) Estimate; CLASS OF WORKER - Civilian employed population 16 years and over Estimate; COMMUTING TO WORK - Workers 16 years and over Bellevue Carey Hailey Ketchum Sun Valley 18.2 21.0 37.0 22.5 8.9 10.0 (X) Unincorp. 11,795 1,216 282 4,429 1,859 768 3,241 11,501 1,216 282 4,299 1,824 739 3,141 Estimate; COMMUTING TO WORK - Workers 16 years and over - Car, truck, or van -- drove alone Estimate; COMMUTING TO WORK - Workers 16 years and over - Car, truck, or van -- carpooled Estimate; COMMUTING TO WORK - Workers 16 years and over - Public transportation (excluding taxicab) 8,733 1,060 217 3,445 1,328 333 2,350 843 45 31 445 92 43 187 188 20 1 113-52 2 Estimate; COMMUTING TO WORK - Workers 16 years and over - Walked 486 9 10 36 102 233 96 Estimate; COMMUTING TO WORK - Workers 16 years and over - Other means 280-2 82 142 9 45 Estimate; COMMUTING TO WORK - Workers 16 years and over - Worked at home 971 82 21 178 160 69 461 Percentages Unincorp. Bellevue Carey Hailey Ketchum Sun Valley Percent of workforce commuting 97.5% 100.0% 100.0% 97.1% 98.1% 96.2% 96.9% Percent; COMMUTING TO WORK - Workers 16 years and over 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Percent; COMMUTING TO WORK - Workers 16 years and over - Car, truck, or van -- drove alone Percent; COMMUTING TO WORK - Workers 16 years and over - Car, truck, or van -- carpooled Percent; COMMUTING TO WORK - Workers 16 years and over - Public transportation (excluding taxicab) Percent; COMMUTING TO WORK - Workers 16 years and over - Walked Percent; COMMUTING TO WORK - Workers 16 years and over - Other means Percent; COMMUTING TO WORK - Workers 16 years and over - Worked at home 75.9% 87.2% 77.0% 80.1% 72.8% 45.1% 74.8% 7.3% 3.7% 11.0% 10.4% 5.0% 5.8% 6.0% 1.6% 1.6% 0.4% 2.6% 0.0% 7.0% 0.1% 4.2% 0.7% 3.5% 0.8% 5.6% 31.5% 3.1% 2.4% 0.0% 0.7% 1.9% 7.8% 1.2% 1.4% 8.4% 6.7% 7.4% 4.1% 8.8% 9.3% 14.7%
Categories Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; Total Civilian employed population 16 years and over 11,795 1,216 282 4,429 1,859 768 3,241 Estimate; Total Commuting to Work Civilian employed population 16 years and over 11,501 1,216 282 4,299 1,824 739 3,141 Percent of workforce commuting 97.5% 100.0% 100.0% 97.1% 98.1% 96.2% 96.9% Percent of workforce commuting alone 74.0% 87.2% 77.0% 77.8% 71.4% 43.4% 72.5% Percent of workforce carpooling 7.1% 3.7% 11.0% 10.0% 4.9% 5.6% 5.8% Percent of workforce using public transit 1.6% 1.6% 0.4% 2.6% 0.0% 6.8% 0.1% Percent of workforce walked to work 4.1% 0.7% 3.5% 0.8% 5.5% 30.3% 3.0% Percent of workforce worked from home 8.2% 6.7% 7.4% 4.0% 8.6% 9.0% 14.2% Estimate; COMMUTING TO WORK - Mean travel time to work (minutes) 18.2 21.0 37.0 22.5 8.9 10.0 (X) Categories Estimate; Median household income (2016 dollars, all households) Estimate; Mean household income (2016 dollars, all households) Estimate; Mean earnings (2016 dollars, households with earnings) Estimate; Mean Social Security income (2016 dollars, households with Social Security Income) Estimate; Mean retirement income (2016 dollars, households with retirement income) Estimate; Mean Supplemental Security Income (2016 dollars, households with Supplemental Security Income) Estimate; Mean cash public assistance income (2016 dollars, households with Cash Public Assistance Income) Bellevue Carey Hailey Ketchum Sun Valley $ 58,086 $ 45,370 $ 61,429 $ 56,522 $ 51,119 $ 61,125 $ 79,875 $ 65,048 $ 65,339 $ 68,552 $ 76,833 $ 83,814 $ 68,626 $ 61,303 $ 59,153 $ 67,156 $ 68,674 $ 65,732 $ 17,626 $ 14,310 $ 22,065 $ 14,284 $ 14,935 $ 22,082 $ 36,977 $ 20,146 $ 25,229 $ 33,929 $ 42,457 $ 47,176 $ 9,432 $ 12,971 N $ 5,904 N N $ 3,141 N N $ 3,203 N N
Categories Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Occupations of Civilian employed population 16 years and over 11,795 1,216 282 4,429 1,859 768 3,241 Percent; OCCUPATION - Management, business, science, and arts occupations 32.3% 28.9% 29.4% 23.3% 46.3% 34.9% 37.3% Percent; OCCUPATION - Service occupations 27.7% 24.8% 28.4% 32.8% 17.8% 45.2% 23.4% Percent; OCCUPATION - Sales and office occupations 21.1% 15.5% 11.7% 23.4% 22.9% 11.8% 22.1% Percent; OCCUPATION - Natural resources, construction, and maintenance occupations Percent; OCCUPATION - Production, transportation, and material moving occupations Industries of Civilian employed population 16 years and over Percent; INDUSTRY - Arts, entertainment, and recreation, and accommodation and food services 12.9% 16.8% 19.1% 14.3% 10.1% 5.9% 12.1% 6.1% 14.1% 11.3% 6.2% 3.0% 2.2% 5.1% 11,795 1,216 282 4,429 1,859 768 3,241 18.8% 17.7% 3.2% 15.6% 23.5% 55.2% 13.7% Percent; INDUSTRY - Professional, scientific, and management, and administrative and waste 17.3% 14.4% 5.3% 21.6% 19.8% 7.7% 14.3% management services Percent; INDUSTRY - Educational services, and health care and social assistance 15.4% 18.1% 24.5% 13.8% 10.8% 11.6% 19.4% Percent; INDUSTRY - Retail trade 10.0% 12.3% 7.8% 10.4% 13.2% 0.3% 9.3% Percent; INDUSTRY - Construction 9.9% 10.7% 13.1% 11.2% 9.7% 6.9% 8.5% Percent; INDUSTRY - Finance and insurance, and real estate and rental and leasing 7.2% 3.4% 6.7% 5.3% 8.8% 6.9% 10.6% Percent; INDUSTRY - Public administration 5.3% 4.9% 10.6% 8.0% 4.6% 1.4% 2.7% Percent; INDUSTRY - Other services, except public administration 3.4% 7.4% 7.8% 1.7% 2.5% 3.5% 4.4% Percent; INDUSTRY - Transportation and warehousing, and utilities 3.3% 3.9% 4.6% 5.2% 2.4% 0.5% 1.7% Percent; INDUSTRY - Manufacturing 3.2% 1.7% 6.0% 2.6% 2.4% 2.3% 5.0% Percent; INDUSTRY - Agriculture, forestry, fishing and hunting, and mining 3.0% 1.2% 8.2% 1.9% 0.0% 0.4% 7.1% Percent; INDUSTRY - Information 2.4% 1.6% 1.8% 2.0% 1.7% 3.3% 3.4% Percent; INDUSTRY - Wholesale trade 0.7% 2.9% 0.4% 0.7% 0.6% 0.0% 0.0% Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates, Note: Supporting documentation on code lists, subject definitions, data accuracy, and statistical testing can be found on the American Community Survey website in the Data and Documentation section. Sample size and data quality measures (including coverage rates, allocation rates, and response rates) can be found on the American Community Survey website in the Methodology section.
APPENDIX 3: THE RENTAL MARKET FY 2017 Annual Report An expanded look at the Rental Market in.
Median Advertised Rents by Area and Unit Size Bellevue Hailey Ketchum Sun Valley Studio $ 600 $ 688 $ 844 $ 875 1BD $ 913 $ 750 $ 1,050 $ 1,138 2BD $ 888 $ 1,025 $ 1,450 $ 1,325 3BD $ 1,425 $ 1,650 $ 2,500 $ 1,950 4+BD - $ 2,049 $ 3,000 - All Units $ 900 $ 1,025 $ 1,450 $ 1,231 Ads Placed FY 2017 by Area and Unit Size Total Ads Bellevue Hailey Ketchum Sun Valley Studio 41 4 9 16 12 1BD 84 5 20 45 14 2BD 159 5 39 89 26 3BD 169 10 89 56 14 4+BD 33 0 17 16 0 All Units 486 24 174 222 66 All Units Percentages 100.0% 4.9% 35.8% 45.7% 13.6% Source: Data Collected from Classified Advertisements Placed in the Idaho Mountain Express, Fy 2017 (October 2016 through September 2017), aggregated by Housing Authority
Median Advertised Rental Price Total Ads YTD Median YTD Average Average Utility Median Gross Average Gross Allowance Rent Rent Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 $775 $775 $92 $867 $867 $ 800 $ 550 $ 875 $ 750 $ 750 $ 1,038 $ 688 $ 850 $ 675 $ 850 $ 875 $ 863 1BD 84 $1,000 $1,072 $106 $1,106 $1,178 $ 950 $ 1,200 $ 1,300 $ 1,063 $ 900 $ 1,000 $ 923 $ 800 $ 1,050 $ 1,063 $ 1,100 2BD 159 $1,400 $1,500 $141 $1,541 $1,640 $ 1,375 $ 1,048 $ 1,325 $ 1,288 $ 1,300 $ 1,250 $ 1,500 $ 1,350 $ 1,350 $ 1,525 $ 1,700 $ 1,525 3BD 169 $1,800 $2,028 $183 $1,983 $2,211 $ 1,800 $ 2,000 $ 1,525 $ 1,500 $ 1,325 $ 1,500 $ 1,750 $ 1,750 $ 1,950 $ 3,150 $ 2,200 $ 2,200 4+BD 33 $2,500 $2,670 $218 $2,718 $2,888 $ 2,375 $ 3,000 $ 1,800 $ 2,395 $ 2,900 $ 3,000 $ 2,100 $ 3,235 $ 2,150 $ 2,500 Average Advertised Rent (All Sizes) $ 1,628 Total Ads YTD Median YTD Average Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 $775 $775 Studio 2 3 1 3 4 2 4 1 4 2 3 12 1BD 84 $1,000 $1,072 1BD 2 3 4 8 5 8 8 8 14 0 5 19 2BD 159 $1,400 $1,500 2BD 6 6 3 12 13 11 8 16 26 10 10 38 3BD 169 $1,800 $2,028 3BD 23 5 2 18 18 7 12 16 17 4 11 36 4+BD 33 $2,500 $2,670 4+BD 0 2 1 5 3 2 3 2 4 2 0 9 Total (All Sizes): 486 Total (All Sizes): 33 19 11 46 43 30 35 43 65 18 29 114 Number of Advertised Rental Units Total Ads YTD Ketchum % of Total Ads Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 16 39.0% Studio 0 0 0 0 2 1 3 1 1 1 2 5 1BD 84 45 53.6% 1BD 1 3 1 3 3 5 5 4 6 0 3 11 2BD 159 89 56.0% 2BD 3 4 0 4 6 6 4 9 16 6 6 25 3BD 169 56 33.1% 3BD 9 3 0 3 3 4 4 5 5 2 2 16 4+BD 33 16 48.5% 4+BD 0 1 1 2 1 1 2 2 3 0 0 3 Total (All Sizes): 486 222 45.7% Total (All Sizes): 13 11 2 12 15 17 18 21 31 9 13 60 Total Ads YTD Median Expanded View of Rental Ad Aggregation by Month, Unit Size, Unit Rent, and Community YTD Average Average Utility Allowance Median Gross Rent Average Gross Rent FY 2017 (Oct 2016-Sep 2017) All Ads Ketchum Number of Advertised Rental Units Median Advertised Rental Price Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 $ 844 $ 823 $92 $935 $915 $ 900 $ 875 $ 775 $ 850 $ 725 $ 750 $ 838 $ 875 1BD 84 $ 1,050 $ 1,231 $106 $1,156 $1,337 $ 1,250 $ 1,200 $ 3,000 $ 1,025 $ 900 $ 1,000 $ 995 $ 1,100 $ 1,050 $ 925 $ 1,100 2BD 159 $ 1,450 $ 1,506 $141 $1,591 $1,646 $ 1,800 $ 1,450 $ 1,388 $ 1,363 $ 1,338 $ 1,600 $ 1,400 $ 1,500 $ 1,425 $ 1,700 $ 1,600 3BD 169 $ 2,500 $ 2,555 $183 $2,683 $2,738 $ 2,800 $ 3,000 $ 1,850 $ 2,500 $ 1,750 $ 2,200 $ 1,750 $ 2,200 $ 3,800 $ 3,250 $ 3,000 4+BD 33 $ 3,000 $ 2,997 $218 $3,218 $3,216 $ 3,250 $ 3,000 $ 2,325 $ 3,000 $ 3,000 $ 3,000 $ 2,100 $ 3,500 $ 3,800
Number of Advertised Rental Units Total Ads YTD Bellevue % of Total Ads Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 4 9.8% Studio 0 1 0 1 0 0 0 0 1 0 0 1 1BD 84 5 6.0% 1BD 0 0 0 0 0 0 0 0 3 0 0 2 2BD 159 5 3.1% 2BD 0 1 0 0 0 0 0 1 2 0 0 1 3BD 169 10 5.9% 3BD 0 0 1 2 4 0 1 1 0 0 0 1 4+BD 33 0 0.0% 4+BD 0 0 0 0 0 0 0 0 0 0 0 0 Total (All Sizes): 486 24 4.9% Total (All Sizes): 0 2 1 3 4 0 1 2 6 0 0 5 Total Ads YTD Median YTD Average Average Utility Allowance Median Gross Rent Average Gross Rent Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 $ 600 $ 588 $92 $692 $679 $ 450 $ 550 $ 650 $ 700 1BD 84 $ 913 $ 913 $106 $1,018 $1,018 $ 1,000 $ 825 2BD 159 $ 888 $ 880 $141 $1,028 $1,021 $ 795 $ 900 $ 875 $ 950 3BD 169 $ 1,425 $ 1,458 $183 $1,608 $1,642 $ 1,450 $ 1,400 $ 1,200 $ 1,800 $ 900 $ 2,000 4+BD 33 Total Ads YTD Hailey % of Total Ads Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 9 22.0% Studio 0 2 0 1 0 1 1 0 2 0 0 2 1BD 84 20 23.8% 1BD 1 0 2 3 1 1 2 4 4 0 0 2 2BD 159 39 24.5% 2BD 2 1 2 5 4 2 2 3 5 1 2 10 3BD 169 89 52.7% 3BD 11 2 1 12 9 3 6 9 9 2 8 17 4+BD 33 17 51.5% 4+BD 0 1 0 3 2 1 1 0 1 2 0 6 Total (All Sizes): 486 174 35.8% Total (All Sizes): 14 6 5 24 16 8 12 16 21 5 10 37 Total Ads YTD Median YTD Average Average Utility Allowance Median Gross Rent Average Gross Rent Bellevue Hailey Median Advertised Rental Price Number of Advertised Rental Units Median Advertised Rental Price Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 $ 688 $ 773 $92 $779 $865 $ 625 $ 750 $ 1,200 $ 600 $ 588 $ 875 1BD 84 $ 750 $ 848 $106 $856 $953 $ 650 $ 975 $ 907 $ 700 $ 750 $ 725 $ 675 $ 948 $ 1,300 2BD 159 $ 1,025 $ 1,044 $141 $1,166 $1,184 $ 768 $ 795 $ 1,300 $ 1,200 $ 950 $ 915 $ 1,100 $ 850 $ 1,100 $ 795 $ 1,250 $ 1,500 3BD 169 $ 1,650 $ 1,716 $183 $1,833 $1,899 $ 1,700 $ 1,513 $ 1,600 $ 1,500 $ 1,300 $ 1,400 $ 1,575 $ 1,750 $ 1,750 $ 2,250 $ 2,100 $ 2,150 4+BD 33 $ 2,049 $ 2,106 $218 $2,267 $2,324 $ 1,500 $ 1,800 $ 1,948 $ 2,800 $ 1,850 $ 2,500 $ 2,150 $ 2,300
Total Ads YTD SV % of Total Ads Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 12 29.3% Studio 2 0 1 1 2 0 0 0 0 1 1 4 1BD 84 14 16.7% 1BD 0 0 1 2 1 2 1 0 1 0 2 4 2BD 159 26 16.4% 2BD 1 0 1 3 3 3 2 3 3 3 2 2 3BD 169 14 8.3% 3BD 3 0 0 1 2 0 1 1 3 0 1 2 4+BD 33 0 0.0% 4+BD 0 0 0 0 0 0 0 0 0 0 0 0 Total (All Sizes): 486 66 13.6% Total (All Sizes): 6 0 3 7 8 5 4 4 7 4 6 12 Total Ads YTD Median YTD Average Average Utility Allowance Median Gross Rent Average Gross Rent Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Studio 41 $ 875 $ 854 $92 $967 $945 $ 800 $ 875 $ 875 $ 750 $ 950 $ 950 $ 775 1BD 84 $ 1,138 $ 1,162 $106 $1,243 $1,268 $ 1,100 $ 1,200 $ 975 $ 1,100 $ 1,000 $ 1,175 $ 1,400 $ 1,348 2BD 159 $ 1,325 $ 1,541 $141 $1,466 $1,682 $ 1,350 $ 1,325 $ 1,325 $ 1,250 $ 900 $ 1,300 $ 1,600 $ 1,300 $ 3,000 $ 2,150 $ 1,450 3BD 169 $ 1,950 $ 2,125 $183 $2,133 $2,308 $ 2,000 $ 2,500 $ 1,500 $ 2,000 $ 1,800 $ 3,500 $ 1,900 $ 1,800 4+BD 33 Source: Idaho Mountain Express, Housing Authority Sun Valley Number of Advertised Rental Units Median Advertised Rental Price
ACS Data on Selected Housing Characteristics Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate - Total housing units 15,134 954 223 3,207 3,777 2,609 4,364 Estimate - Vacant housing units 6,426 70 39 369 2,257 2,042 1,649 Estimate - Occupied housing units 8,708 884 184 2,838 1,520 567 2,715 Estimate - Occupied housing units - Owneroccupied 5,857 584 131 1,726 937 504 1,975 Estimate - Occupied housing units - Renteroccupied 2,851 300 53 1,112 583 63 740 Estimate - Average household size of owneroccupied unit 2.4 2.9 3.0 2.8 1.7 1.8 (X) Estimate - Average household size of renteroccupied unit 2.4 2.2 3.2 2.9 1.9 2.0 (X) Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate - Total housing units 15,134 954 223 3,207 3,777 2,609 4,364 Estimate - Occupied housing units 57.5% 92.7% 82.5% 88.5% 40.2% 21.7% 62.2% Percent of all housing units - Owner-occupied 38.7% 61.2% 58.7% 53.8% 24.8% 19.3% 45.3% Percent of all housing units - Renter-occupied 18.8% 31.4% 23.8% 34.7% 15.4% 2.4% 17.0% Estimate - Average household size of owneroccupied unit Estimate - Average household size of renteroccupied unit 2.4 2.9 3.0 2.8 1.7 1.8 (X) 2.4 2.2 3.2 2.9 1.9 2.0 (X) Population Estimate (as of July 1) - 2016 21,791 2,315 603 8,218 2,753 1,436 6,466 Projected additional population with full capacity of housing units* 15,551 177 121 1,048 4,085 3,870 (X) Population Capacity (with full occupancy) 37,342 2,492 724 9,266 6,838 5,306 Percentage of potential increase 71.4% 7.7% 20.0% 12.8% 148.4% 269.5% * Projection based on average household sizes of owner-occupied and renter-occupied units and multiplied by the number of vacant units in each jursidiction.
Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; Occupied units paying rent 2,531 300 43 1,045 538 63 542 Estimate; GROSS RENT - Occupied units paying rent - Median (dollars) $ 964 $ 905 $ 650 $ 897 $ 970 $ 1,190 (X) Percent; GROSS RENT AS A PERCENTAGE OF HOUSEHOLD INCOME ("GRAPI") - Less than 15.0 9.0% 7.7% 20.9% 5.0% 13.8% 0.0% 12.7% percent Percent; GRAPI - 15.0 to 19.9 percent 19.4% 1.7% 20.9% 23.3% 30.3% 31.7% 9.4% Percent; GRAPI - 20.0 to 24.9 percent 12.2% 5.0% 14.0% 11.4% 16.5% 0.0% 14.6% Percent; GRAPI - 25.0 to 29.9 percent 11.2% 25.3% 23.3% 2.4% 13.6% 0.0% 18.3% Percent; GRAPI - 30.0 to 34.9 percent 13.5% 17.0% 4.7% 15.2% 13.8% 9.5% 9.2% Percent; GRAPI - 35.0 percent or more 34.8% 43.3% 16.3% 42.8% 12.1% 58.7% 35.8% Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; Occupied units paying rent 2,531 300 43 1,045 538 63 542 Estimate; GROSS RENT - Occupied units paying $ 964 $ 905 $ 650 $ 897 $ 970 $ 1,190 (X) rent - Median (dollars) Estimate; Occupied units paying rent - Cost Burdened (Greater than 30 percent GRAPI) Percent; Occupied units paying rent - Cost Burdened (Greater than 30 percent GRAPI) 1,222 181 9 606 139 43 244 48.3% 60.3% 20.9% 58.0% 25.8% 68.3% 45.0% Percentages (All Housing Units) Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Percent; UNITS IN STRUCTURE - 1-unit, detached 59.3% 70.0% 87.0% 69.5% 33.4% 35.6% 84.8% Percent; UNITS IN STRUCTURE - 1-unit, attached 1.9% 0.7% 0.0% 3.6% 2.6% 2.5% 0.0% Percent; UNITS IN STRUCTURE - 2 units 7.5% 1.8% 0.0% 8.0% 14.9% 8.9% 1.4% Percent; UNITS IN STRUCTURE - 3 or 4 units 7.9% 0.8% 0.9% 4.1% 15.4% 17.2% 0.5% Percent; UNITS IN STRUCTURE - 5 to 9 units 10.7% 0.0% 0.0% 9.4% 15.5% 28.0% 0.0% Percent; UNITS IN STRUCTURE - 10 to 19 units 3.9% 2.1% 0.0% 2.2% 8.7% 6.4% 0.0% Percent; UNITS IN STRUCTURE - 20 or more units 3.1% 0.0% 0.0% 2.8% 9.2% 1.1% 0.0% Percent; UNITS IN STRUCTURE - Mobile home 5.7% 24.5% 11.2% 0.3% 0.3% 0.3% 13.2%
Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate - Occupied housing units 8,708 884 184 2,838 1,520 567 2,715 Estimate - Occupied housing units - Owneroccupied 67.3% 66.1% 71.2% 60.8% 61.6% 88.9% 72.7% Estimate - Average household size of owneroccupied unit 2.4 2.9 3.0 2.8 1.7 1.8 (X) Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; VALUE - Owner-occupied units - Median (dollars) Percent; VALUE - Owner-occupied units - Less than $50,000 Percent; VALUE - Owner-occupied units - $50,000 to $99,999 Percent; VALUE - Owner-occupied units - $100,000 to $149,999 Percent; VALUE - Owner-occupied units - $150,000 to $199,999 Percent; VALUE - Owner-occupied units - $200,000 to $299,999 Percent; VALUE - Owner-occupied units - $300,000 to $499,999 Percent; VALUE - Owner-occupied units - $500,000 to $999,999 Percent; VALUE - Owner-occupied units - $1,000,000 or more $ 384,800 $ 227,600 $ 141,800 $ 266,500 $ 584,900 $ 840,000 (X) 3.6% 10.1% 0.8% 1.3% 0.0% 0.0% 6.6% 2.4% 3.3% 27.5% 1.9% 1.3% 0.0% 2.2% 8.0% 8.7% 27.5% 13.0% 3.5% 3.6% 5.4% 7.6% 20.5% 14.5% 13.3% 4.1% 3.8% 1.0% 14.5% 25.3% 12.2% 28.8% 10.4% 5.8% 3.2% 24.5% 30.1% 17.6% 30.5% 23.9% 22.8% 18.8% 22.7% 0.9% 0.0% 11.2% 28.4% 20.4% 38.6% 16.6% 1.0% 0.0% 0.0% 28.5% 43.7% 24.2%
Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; VALUE - Owner-occupied units - Median (dollars) $ 384,800 $ 227,600 $ 141,800 $ 266,500 $ 584,900 $ 840,000 (X) Percent; VALUE - Owner-occupied units - Less than $50,000 3.6% 10.1% 0.8% 1.3% 0.0% 0.0% 6.6% Percent; VALUE - Owner-occupied units - $50,000 to $99,999 2.4% 3.3% 27.5% 1.9% 1.3% 0.0% 2.2% Percent; VALUE - Owner-occupied units - Less than $99,999 6.0% 13.4% 28.3% 3.2% 1.3% 0.0% 8.8% Percent; VALUE - Owner-occupied units - $100,000 to $149,999 8.0% 8.7% 27.5% 13.0% 3.5% 3.6% 5.4% Percent; VALUE - Owner-occupied units - $150,000 to $199,999 7.6% 20.5% 14.5% 13.3% 4.1% 3.8% 1.0% Percent; VALUE - Owner-occupied units - $200,000 to $299,999 14.5% 25.3% 12.2% 28.8% 10.4% 5.8% 3.2% Percent; VALUE - Owner-occupied units - $100,000 to $299,999 30.1% 54.5% 54.2% 55.1% 18.0% 13.2% 9.6% Percent; VALUE - Owner-occupied units - $300,000 to $499,999 24.5% 30.1% 17.6% 30.5% 23.9% 22.8% 18.8% Percent; VALUE - Owner-occupied units - $500,000 to $999,999 22.7% 0.9% 0.0% 11.2% 28.4% 20.4% 38.6% Percent; VALUE - Owner-occupied units - $1,000,000 or more 16.6% 1.0% 0.0% 0.0% 28.5% 43.7% 24.2%
Totals Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; MORTGAGE STATUS - Owner-occupied units Estimate; MORTGAGE STATUS - Owner-occupied units - Housing units with a mortgage Percentage ; MORTGAGE STATUS - Owneroccupied units - Housing units with a mortgage Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - Less than $500 Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - $500 to $999 Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - $1,000 to $1,499 Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - $1,500 to $1,999 Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - $2,000 to $2,499 Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - $2,500 to $2,999 Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - $3,000 or more Estimate; SELECTED MONTHLY OWNER COSTS (SMOC) - Housing units with a mortgage - Median (dollars) 5,857 584 131 1,726 937 504 1,975 3,777 467 100 1,319 529 245 1,117 64.5% 80.0% 76.3% 76.4% 56.5% 48.6% 56.6% 3,777 467 100 1,319 529 245 1,117 22 19 3 - - - - 562 64 52 217 95-134 805 152 22 379 120 37 95 1,029 173 16 436 81 61 262 409 13 5 148 63 43 137 325 33 2 67 19 51 153 625 13-72 151 53 336 $ 1,690 $ 1,497 $ 971 $ 1,548 $ 1,817 $ 2,285 (X)
Owner-Occupied Households with a Mortgage Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - Less than 20.0 percent Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 20.0 to 24.9 percent Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 25.0 to 29.9 percent Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 30.0 to 34.9 percent Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 35.0 percent or more 3,777 467 100 1,319 529 245 1,117 1,125 167 55 458 61 47 337 528 78 17 173 45 36 179 525 59 3 290 63 29 81 238 50 9 97 8 18 56 1,361 113 16 301 352 115 464 Owner-Occupied Households with a Mortgage Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME Percentage; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - Less than 20.0 percent Percentage; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 20.0 to 24.9 percent Percentage; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 25.0 to 29.9 percent Percentage; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 30.0 to 34.9 percent Percentage; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 35.0 percent or more 3,777 467 100 1,319 529 245 1,117 29.8% 35.8% 55.0% 34.7% 11.5% 19.2% 30.2% 14.0% 16.7% 17.0% 13.1% 8.5% 14.7% 16.0% 13.9% 12.6% 3.0% 22.0% 11.9% 11.8% 7.3% 6.3% 10.7% 9.0% 7.4% 1.5% 7.3% 5.0% 36.0% 24.2% 16.0% 22.8% 66.5% 46.9% 41.5%
Owner-Occupied Households with a Mortgage Bellevue Carey Hailey Ketchum Sun Valley Unincorp. Estimate; Owner-Occupied Households with a Mortgage Percentage; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 30.0 percent or more Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 30.0 to 34.9 percent Estimate; SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME - 35.0 percent or more 3,777 467 100 1,319 529 245 1,117 42.3% 34.9% 25.0% 30.2% 68.1% 54.3% 46.6% 238 50 9 97 8 18 56 1,361 113 16 301 352 115 464 Source: U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates, Note: Supporting documentation on code lists, subject definitions, data accuracy, and statistical testing can be found on the American Community Survey website in the Data and Documentation section. Sample size and data quality measures (including coverage rates, allocation rates, and response rates) can be found on the American Community Survey website in the Methodology section.
Allowances for Tenant-Furnished Utilities and Other Services U.S. Department of Housing and Urban Development Office of Public and Indian Housing Unit Type: Single Family House Utility/Service Monthly Dollar Allowances State Average Service Utility 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Natural Gas $35 $41 $48 $55 $62 $69 Space Heating Electric Resistance $46 $54 $64 $73 $83 $92 Electric Heat Pump $25 $29 $34 $39 $43 $47 Cooking Natural Gas $2 $3 $4 $5 $7 $8 Electric $4 $5 $7 $9 $11 $13 Other Electric $22 $26 $36 $46 $57 $67 Water Heating Natural Gas $8 $9 $13 $17 $21 $25 Electric $13 $16 $20 $25 $29 $33 Water $28 $30 $45 $67 $89 $108 Total Estimated Average Utility Allowance $99 $114 $152 $197 $243 $284 Unit Type: Single Family Attached Utility/Service Monthly Dollar Allowances State Average Service Utility 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Natural Gas $31 $36 $42 $48 $54 $60 Space Heating Electric Resistance $28 $33 $43 $54 $64 $74 Electric Heat Pump $21 $25 $29 $33 $36 $40 Cooking Natural Gas $2 $3 $4 $5 $7 $8 Electric $4 $5 $7 $9 $11 $13 Other Electric $19 $22 $31 $40 $49 $57 Water Heating Natural Gas $8 $9 $13 $17 $21 $25 Electric $13 $16 $20 $25 $29 $33 Water $28 $30 $45 $67 $89 $108 Total Estimated Average Utility Allowance $87 $100 $136 $180 $223 $263
Unit Type: Lowrise Apartment Building (2-4 units) Utility/Service Monthly Dollar Allowances State Average Service Utility 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Natural Gas $43 $51 $55 $59 $63 $67 Space Heating Electric Resistance $28 $33 $43 $54 $64 $74 Electric Heat Pump $22 $26 $31 $35 $39 $42 Cooking Natural Gas $2 $3 $4 $5 $7 $8 Electric $4 $5 $7 $9 $11 $13 Other Electric $18 $22 $30 $39 $47 $55 Water Heating Natural Gas $8 $9 $13 $17 $21 $25 Electric $13 $16 $20 $25 $29 $33 Water $28 $30 $45 $67 $89 $108 Total Estimated Average Utility Allowance $91 $105 $140 $183 $225 $264 Unit Type: Larger Apartment Building (5+ units) Utility/Service Monthly Dollar Allowances State Average Service Utility 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Natural Gas $24 $29 $34 $39 $44 $49 Space Heating Electric Resistance $19 $23 $31 $40 $48 $56 Electric Heat Pump $17 $20 $24 $27 $30 $33 Cooking Natural Gas $2 $3 $4 $5 $7 $8 Electric $4 $5 $7 $9 $11 $13 Other Electric $15 $18 $25 $32 $39 $45 Water Heating Natural Gas $6 $7 $10 $13 $17 $20 Electric $11 $13 $16 $20 $23 $27 Water $28 $30 $45 $67 $89 $108 Total Estimated Average Utility Allowance $75 $86 $118 $158 $198 $233 Unit Type: Manufactured Home Utility/Service Monthly Dollar Allowances State Average Service Utility 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Natural Gas $30 $35 $41 $47 $53 $59 Space Heating Electric Resistance $48 $57 $59 $61 $62 $64 Electric Heat Pump $20 $23 $27 $31 $34 $38 Cooking Natural Gas $2 $3 $4 $5 $7 $8 Electric $4 $5 $7 $9 $11 $13 Other Electric $22 $26 $36 $46 $57 $67 Water Heating Natural Gas $8 $9 $13 $17 $21 $25 Electric $13 $16 $20 $25 $29 $33 Water $28 $30 $45 $67 $89 $108 Total Estimated Average Utility Allowance $96 $111 $145 $187 $230 $268
Averages Across all Unit & Utility Types Utility/Service Utility/Service 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Space Heating Average (all sources) $31 $37 $43 $49 $47 $52 Cooking Average (all sources) $3 $4 $6 $7 $9 $11 Other Electric Average (all sources) $19 $23 $32 $41 $50 $58 Water Heating Average (all sources) $10 $12 $16 $20 $24 $28 Water Average (all sources) $28 $30 $45 $67 $89 $108 Total Estimated Average Utility Allowance $92 $106 $141 $183 $218 $257 Comparable allowances are HUSM generated using state average 30-year HDD data from NOAA.gov and 2014 state average utility rates from EIA.gov and AWWA.org. Allowances are not available when EIA and AWWA did not publish 2014 annual rate data; Arregation by Housing Authority. Source: https://www.huduser.gov/portal/datasets/husm/uam.html
APPENDIX 4: THE OWNERSHIP MARKET FY 2017 Annual Report An expanded look at the Ownership Market in.
Real Estate Statistics 1BD Ketchum Sun Valley Hailey Bellevue December 2015 Closed Sales 14 19 5-42 December 2016 Closed Sales 27 20 2-49 December 2017 Closed Sales 24 18 4-48 Median Days on Market Dec. 2015 44 101 54-81 Median Days on Market Dec. 2016 89 81 50-81 Median Days on Market Dec. 2017 156 56 6-75 Median Sales Price Dec. 2015 $ 205,000 $ 169,500 $ 153,000 - $ 167,250 Median Sales Price Dec. 2016 $ 208,000 $ 126,500 $ 135,750 - $ 157,000 Median Sales Price Dec. 2017 $ 187,000 $ 145,800 $ 245,750 - $ 177,500 Median Price per Square Foot Dec. 2015 $ 275 $ 233 $ 168 - $ 231 Median Price per Square Foot Dec. 2016 $ 321 $ 243 $ 188 - $ 270 Median Price per Square Foot Dec. 2017 $ 332 $ 281 $ 254 - $ 300 Median Square footage per housing unit 2015* 745.45 727.47 910.71-724.03 Median Square footage per housing unit 2016 647.98 520.58 722.07-581.48 Median Square footage per housing unit 2017 563.25 518.86 967.52-591.67 2BD Ketchum Sun Valley Hailey Bellevue December 2015 Closed Sales 43 43 26 7 122 December 2016 Closed Sales 49 35 27 4 117 December 2017 Closed Sales 56 50 48 4 161 Median Days on Market Dec. 2015 48 194 58 22 72 Median Days on Market Dec. 2016 88 88 21 54 67 Median Days on Market Dec. 2017 51 80 32 11 43 Median Sales Price Dec. 2015 $ 285,000 $ 301,500 $ 168,500 $ 160,500 $ 243,750 Median Sales Price Dec. 2016 $ 300,000 $ 315,000 $ 188,000 $ 162,000 $ 275,000 Median Sales Price Dec. 2017 $ 400,000 $ 319,950 $ 219,000 $ 219,000 $ 305,000 Median Price per Square Foot Dec. 2015 $ 273 $ 261 $ 152 $ 129 $ 236 Median Price per Square Foot Dec. 2016 $ 288 $ 283 $ 162 $ 162 $ 252 Median Price per Square Foot Dec. 2017 $ 360 $ 288 $ 183 $ 199 $ 268 Median Square footage per housing unit 2015 1043.96 1155.17 1108.55 1244.19 1032.84 Median Square footage per housing unit 2016 1041.67 1113.07 1160.49 1000.00 1091.27 Median Square footage per housing unit 2017 1111.11 1110.94 1196.72 1100.50 1138.06
3BD Ketchum Sun Valley Hailey Bellevue December 2015 Closed Sales 70 30 104 26 238 December 2016 Closed Sales 57 34 112 27 244 December 2017 Closed Sales 76 40 112 31 270 Median Days on Market Dec. 2015 130 116 64 46 82 Median Days on Market Dec. 2016 120 217 67 73 85 Median Days on Market Dec. 2017 102 100 45 52 62 Median Sales Price Dec. 2015 $ 629,500 $ 742,500 $ 258,750 $ 264,875 $ 366,500 Median Sales Price Dec. 2016 $ 735,000 $ 598,250 $ 272,000 $ 245,000 $ 362,500 Median Sales Price Dec. 2017 $ 747,500 $ 635,800 $ 325,000 $ 307,000 $ 433,500 Median Price per Square Foot Dec. 2015 $ 345 $ 297 $ 181 $ 153 $ 225 Median Price per Square Foot Dec. 2016 $ 361 $ 318 $ 178 $ 169 $ 203 Median Price per Square Foot Dec. 2017 $ 392 $ 329 $ 208 $ 178 $ 241 Median Square footage per housing unit 2015 1824.64 2500.00 1429.56 1731.21 1628.89 Median Square footage per housing unit 2016 2036.01 1881.29 1528.09 1449.70 1785.71 Median Square footage per housing unit 2017 1906.89 1932.52 1562.50 1724.72 1798.76 4+BD Ketchum Sun Valley Hailey Bellevue December 2015 Closed Sales 42 32 47 13 143 December 2016 Closed Sales 25 28 54 12 129 December 2017 Closed Sales 58 38 57 16 182 Median Days on Market Dec. 2015 261 151 124 158 151 Median Days on Market Dec. 2016 277 215 114 135 130 Median Days on Market Dec. 2017 182 153 125 66 129 Median Sales Price Dec. 2015 $ 1,600,000 $ 1,195,000 $ 449,000 $ 350,000 $ 755,300 Median Sales Price Dec. 2016 $ 1,387,500 $ 960,000 $ 537,500 $ 343,750 $ 679,000 Median Sales Price Dec. 2017 $ 1,727,500 $ 1,425,000 $ 672,500 $ 361,250 $ 915,000 Median Price per Square Foot Dec. 2015 $ 413 $ 379 $ 182 $ 132 $ 266 Median Price per Square Foot Dec. 2016 $ 419 $ 331 $ 200 $ 157 $ 249 Median Price per Square Foot Dec. 2017 $ 422 $ 407 $ 218 $ 157 $ 309 Median Square footage per housing unit 2015 3874.09 3153.03 2467.03 2651.52 2839.47 Median Square footage per housing unit 2016 3311.46 2900.30 2687.50 2189.49 2726.91 Median Square footage per housing unit 2017 4093.60 3501.23 3084.86 2300.96 2961.17 *Median Square Footage calculated by dividing Median Sales Price by Median Price per Square Foot for each Year and Jurisdiction Source: All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed, InfoSparks 2018
Real Estate Statistics 1BD Ketchum Sun Valley Hailey Bellevue December 2017 Closed Sales 24 18 4-48 Median Days on Market Dec. 2017 156 56 6-75 Median Sales Price Dec. 2017 $ 187,000 $ 145,800 $ 245,750 - $ 177,500 Estimated Monthly Mortgage* $ 853 $ 665 $ 1,121 - $ 809 Annual Income Needed for Affordability** $ 34,110 $ 26,595 $ 44,826 - $ 32,377 Median Price per Square Foot Dec. 2017 $ 332 $ 281 $ 254 - $ 300 Median Square footage per housing unit 563.25 518.86 967.52-591.67 2017*** 2BD Ketchum Sun Valley Hailey Bellevue December 2017 Closed Sales 56 50 48 4 161 Median Days on Market Dec. 2017 51 80 32 11 43 Median Sales Price Dec. 2017 $ 400,000 $ 319,950 $ 219,000 $ 219,000 $ 305,000 Estimated Monthly Mortgage $ 1,824 $ 1,459 $ 999 $ 999 $ 1,391 Annual Income Needed for Affordability $ 72,963 $ 58,361 $ 39,947 $ 39,947 $ 55,634 Median Price per Square Foot Dec. 2017 $ 360 $ 288 $ 183 $ 199 $ 268 Median Square footage per housing unit 2017 1111.11 1110.94 1196.72 1100.50 1138.06 3BD Ketchum Sun Valley Hailey Bellevue December 2017 Closed Sales 76 40 112 31 270 Median Days on Market Dec. 2017 102 100 45 52 62 Median Sales Price Dec. 2017 $ 747,500 $ 635,800 $ 325,000 $ 307,000 $ 433,500 Estimated Monthly Mortgage $ 3,409 $ 2,899 $ 1,482 $ 1,400 $ 1,977 Annual Income Needed for Affordability $ 136,349 $ 115,974 $ 59,282 $ 55,999 $ 79,073 Median Price per Square Foot Dec. 2017 $ 392 $ 329 $ 208 $ 178 $ 241 Median Square footage per housing unit 2017 1906.89 1932.52 1562.50 1724.72 1798.76 4+BD Ketchum Sun Valley Hailey Bellevue December 2017 Closed Sales 58 38 57 16 182 Median Days on Market Dec. 2017 182 153 125 66 129 Median Sales Price Dec. 2017 $ 1,727,500 $ 1,425,000 $ 672,500 $ 361,250 $ 915,000 Estimated Monthly Mortgage $ 7,878 $ 6,498 $ 3,067 $ 1,647 $ 4,173 Annual Income Needed for Affordability $ 315,108 $ 259,930 $ 122,668 $ 65,894 $ 166,902 Median Price per Square Foot Dec. 2017 $ 422 $ 407 $ 218 $ 157 $ 309 Median Square footage per housing unit 2017 4093.60 3501.23 3084.86 2300.96 2961.17
*Mortgage Payments are based upon a down payment of 10%, 30-year mortgage, 4.5% interest rate Calculations made via BankRate.com and are based on the Volume Sales divided by units sold wide as provided by the Sun Valley Board of Realtors (https://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx) **Income Needed for Affordability obtained by determining the annual income needed to maintain a monthly mortgage or rent amount costing 30% of monthly income. ***Median Square Footage calculated by dividing Median Sales Price by Median Price per Square Foot for each Year and Jurisdiction Source: All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed, InfoSparks 2018
Sun Valley Board of Realtors Multiple Listing Service 2017 Statistics Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 11 6 17 Volume List Price 21,303,000 13,188,000 34,491,000 North of Ketchum Volume Sold 18,757,500 12,255,000 31,012,500 Sold Price per Sq/Ft 431 6 Median List Price 1,325,000 1,990,000 Median Sale Price 1,262,500 1,865,000 Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 34 102 7 15 158 Volume List Price 87,307,900 97,099,750 5,054,000 21,949,000 211,410,650 Ketchum Volume Sold 80,164,700 91,917,500 4,722,000 20,006,848 196,811,048 Sold Price per Sq/Ft 596 538 45 281 Median List Price 1,595,000 605,000 575,000 930,000 Median Sale Price 1,450,000 562,000 557,000 900,000 Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 27 40 3 70 Volume List Price 26,742,800 22,821,799 1,035,000 50,599,599 Warm Springs in Ketchum Volume Sold 26,355,826 21,208,500 2,303,500 49,867,826 Sold Price per Sq/Ft 395 330 15 Median List Price 795,000 409,000 395,000 Median Sale Price 795,000 397,250 387,750
Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 23 32 6 61 Volume List Price 46,918,495 16,438,400 7,344,000 70,700,895 Sun Valley Volume Sold 45,315,000 15,629,869 6,587,000 67,531,869 Sold Price per Sq/Ft 496 392 38 Median List Price 1,995,000 437,500 1,200,000 Median Sale Price 1,812,500 415,000 1,000,000 Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 18 72 4 1 95 Volume List Price 28,011,000 30,905,199 3,188,000 985,000 63,089,199 Elkhorn in Sun Valley Volume Sold 26,639,678 29,338,400 2,777,000 875,000 59,630,078 Sold Price per Sq/Ft 386 291 9 158 Median List Price 1,372,500 319,450 747,000 985,000 Median Sale Price 1,282,500 305,000 647,500 875,000 Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 44 23 67 Volume List Price 66,313,999 9,078,500 75,392,499 Mid Valley (South of Ketchum) Volume Sold 63,154,461 8,231,000 71,385,461 Sold Price per Sq/Ft 373 1 Median List Price 945,000 318,000 Median Sale Price 931,250 305,000 Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 141 59 45 28 273 Volume List Price 60,963,299 13,658,400 7,755,170 8,995,920 91,372,789 Hailey Volume Sold 59,373,405 13,460,259 7,213,461 8,293,553 88,340,678 Sold Price per Sq/Ft 212 186 3 139 Median List Price 370,000 224,500 145,320 192,600 Median Sale Price 359,000 220,000 137,000 186,375
Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 47 2 12 3 1 65 Volume List Price 16,416,988 189,000 1,617,400 501,000 639,000 19,363,388 Bellevue Volume Sold 15,861,850 186,500 1,446,500 481,500 600,000 18,576,350 Sold Price per Sq/Ft 173 180 0 18 1 Median List Price 324,900 189,000 148,750 185,000 639,000 Median Sale Price 317,500 186,500 122,500 185,000 600,000 Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 18 14 2 34 Volume List Price 5,995,700 1,422,900 13,850,000 21,268,600 South Co. Volume Sold 5,728,553 1,251,000 13,280,000 20,259,553 Sold Price per Sq/Ft 142 0 1 Median List Price 217,450 88,750 6,925,000 Median Sale Price 208,000 84,500 6,640,000 Total Total Sold 363 307 120 47 3 840 Total Total Volume List 359,973,181 181,112,548 49,682,970 32,430,920 14,489,000 637,688,619 Total Total Volume Sold 341,350,973 171,741,028 46,786,461 29,656,901 13,880,000 603,415,363 Homes Condo Townhouse Land Commercial Farm Ranch Calculated TOTAL* Units Sold 45 2 35 4 4 90 Volume List Price 9,499,799 137,500 3,557,350 1,037,400 8,395,000 22,627,049 Other Volume Sold 8,748,909 135,000 3,283,723 913,000 7,805,000 20,885,632 Sold Price per Sq/Ft 118 105 0 15 1 Median List Price 142,600 137,500 55,750 68,750 1,400,000 Median Sale Price 140,000 135,000 47,000 61,750 1,160,000 MLS Total Total Sold 409 307 156 51 7 930 MLS Total Total Volume List 369,472,980 181,250,048 53,240,320 33,468,320 22,884,000 660,315,668 MLS Total Total Volume Sold 350,099,882 171,876,028 50,070,184 30,569,901 21,685,000 624,300,995
Bellevue, Ketchum, Sun Valley, Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse December Closed Sales 30 Bellevue (No Data) Ketchum Sun Valley Hailey 27 25 24 20 19 20 18 15 14 10 5 5 4 2 0 +92.9% +5.3% -60.0% -11.1% -10.0% +100.0% 2015 2016 2017 Bellevue & Ketchum & Sun Valley & Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 1 Bedroom or Less, Single Family & Condo/Townhouse December Closed Sales 60 50 49 48 42 40 30 20 10 0 +16.7% -2.0% 2015 2016 2017 : 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse December Median Days on Market 175 Bellevue (No Data) Ketchum Sun Valley Hailey 150 156 125 100 101 89 81 75 50 44 54 50 56 25 6 0 +102.3% -19.8% -7.4% +75.3% -30.9% -88.0% 2015 2016 2017 Bellevue & Ketchum & Sun Valley & Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 1 Bedroom or Less, Single Family & Condo/Townhouse December Median Days on Market 100 80 81 81 75 60 40 20 0 0.0% -7.4% 2015 2016 2017 : 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse December Median Sales Price $300K Bellevue (No Data) Ketchum Sun Valley Hailey $250K $245,750 $200K $205,000 $208,000 $187,000 $169,500 $150K $153,000 $126,500 $135,750 $145,800 $100K $50K $0 +1.5% -25.4% -11.3% -10.1% +15.3% +81.0% 2015 2016 2017 Bellevue & Ketchum & Sun Valley & Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 1 Bedroom or Less, Single Family & Condo/Townhouse December Median Sales Price $200K $150K $167,250 $157,000 $177,500 $100K $50K $0-6.1% +13.1% 2015 2016 2017 : 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $400 Bellevue (No Data) Ketchum Sun Valley Hailey $321 $332 $300 $275 $281 $233 $243 $254 $200 $188 $168 $100 $0 +16.7% +4.3% +11.9% +3.4% +15.6% +35.1% 2015 2016 2017 Bellevue & Ketchum & Sun Valley & Hailey: 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 1 Bedroom or Less, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $350 $300 $300 $270 $250 $231 $200 $150 $100 $50 $0 +16.9% +11.1% 2015 2016 2017 : 1 Bedroom or Less, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 2 Bedrooms, Single Family & Condo/Townhouse December Closed Sales 70 Ketchum Sun Valley Hailey Bellevue 60 56 50 49 50 48 43 43 40 35 30 26 27 20 10 7 4 4 0 +14.0% -18.6% +3.8% -42.9% +14.3% +42.9% +77.8% 0.0% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 2 Bedrooms, Single Family & Condo/Townhouse December Closed Sales 200 161 150 122 117 100 50 0-4.1% +37.6% 2015 2016 2017 : 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 2 Bedrooms, Single Family & Condo/Townhouse December Median Days on Market 250 Ketchum Sun Valley Hailey Bellevue 200 194 150 100 88 88 80 50 48 58 54 51 22 21 32 11 0 +83.3% -54.6% -63.8% +145.5% -42.0% -9.1% +52.4% -79.6% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 2 Bedrooms, Single Family & Condo/Townhouse December Median Days on Market 80 72 67 60 43 40 20 0-6.9% -35.8% 2015 2016 2017 : 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 2 Bedrooms, Single Family & Condo/Townhouse December Median Sales Price $500K Ketchum Sun Valley Hailey Bellevue $400K $400,000 $300K $285,000 $301,500 $300,000 $315,000 $319,950 $219,000 $219,000 $200K $188,000 $168,500 $160,500 $162,000 $100K $0 +5.3% +4.5% +11.6% +0.9% +33.3% +1.6% +16.5% +35.2% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 2 Bedrooms, Single Family & Condo/Townhouse December Median Sales Price $350K $300K $275,000 $305,000 $250K $243,750 $200K $150K $100K $50K $0 +12.8% +10.9% 2015 2016 2017 : 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 2 Bedrooms, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $400 Ketchum Sun Valley Hailey Bellevue $360 $300 $273 $261 $288 $283 $288 $200 $183 $199 $152 $162 $162 $129 $100 $0 +5.5% +8.4% +6.6% +25.6% +25.0% +1.8% +13.0% +22.8% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 2 Bedrooms, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $300 $268 $250 $236 $252 $200 $150 $100 $50 $0 +6.8% +6.3% 2015 2016 2017 : 2 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 3 Bedrooms, Single Family & Condo/Townhouse December Closed Sales 140 Ketchum Sun Valley Hailey Bellevue 120 112 112 104 100 80 70 76 60 57 40 30 34 26 27 40 31 20 0-18.6% +13.3% +7.7% +3.8% +33.3% +17.6% 0.0% +14.8% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 3 Bedrooms, Single Family & Condo/Townhouse December Closed Sales 300 270 250 238 244 200 150 100 50 0 +2.5% +10.7% 2015 2016 2017 : 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 3 Bedrooms, Single Family & Condo/Townhouse December Median Days on Market 250 Ketchum Sun Valley Hailey Bellevue 217 200 150 130 116 120 100 102 100 64 67 73 50 46 45 52 0-7.7% +87.1% +4.7% +58.7% -15.0% -53.9% -32.8% -28.8% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 3 Bedrooms, Single Family & Condo/Townhouse December Median Days on Market 100 80 82 85 60 62 40 20 0 +3.7% -27.1% 2015 2016 2017 : 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 3 Bedrooms, Single Family & Condo/Townhouse December Median Sales Price $1.0M Ketchum Sun Valley Hailey Bellevue $0.8M $742,500 $735,000 $747,500 $0.6M $629,500 $598,250 $635,800 $0.4M $272,000 $258,750 $264,875 $245,000 $325,000 $307,000 $0.2M $0 +16.8% -19.4% +5.1% -7.5% +1.7% +6.3% +19.5% +25.3% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 3 Bedrooms, Single Family & Condo/Townhouse December Median Sales Price $500K $433,500 $400K $366,500 $362,500 $300K $200K $100K $0-1.1% +19.6% 2015 2016 2017 : 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 3 Bedrooms, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $500 Ketchum Sun Valley Hailey Bellevue $400 $392 $300 $345 $297 $361 $318 $329 $200 $181 $208 $178 $169 $178 $153 $100 $0 +4.6% +7.1% -1.7% +10.5% +8.6% +3.5% +16.9% +5.3% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 3 Bedrooms, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $300 $250 $225 $241 $200 $203 $150 $100 $50 $0-9.8% +18.7% 2015 2016 2017 : 3 Bedrooms, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 4 Bedrooms or More, Single Family & Condo/Townhouse December Closed Sales 70 Ketchum Sun Valley Hailey Bellevue 60 54 58 57 50 47 42 40 38 32 30 25 28 20 13 12 16 10 0-40.5% -12.5% +14.9% -7.7% +132.0% +35.7% +5.6% +33.3% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 4 Bedrooms or More, Single Family & Condo/Townhouse December Closed Sales 250 200 182 150 143 129 100 50 0-9.8% +41.1% 2015 2016 2017 : 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 4 Bedrooms or More, Single Family & Condo/Townhouse December Median Days on Market 350 Ketchum Sun Valley Hailey Bellevue 300 250 261 277 215 200 182 150 151 124 158 114 135 153 125 100 66 50 0 +6.1% +42.4% -8.1% -14.6% -34.3% -28.8% +9.6% -51.1% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 4 Bedrooms or More, Single Family & Condo/Townhouse December Median Days on Market 175 150 151 130 129 125 100 75 50 25 0-13.9% -0.8% 2015 2016 2017 : 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 4 Bedrooms or More, Single Family & Condo/Townhouse December Median Sales Price $2.0M Ketchum Sun Valley Hailey Bellevue $1,727,500 $1,600,000 $1.5M $1,387,500 $1,425,000 $1,195,000 $1.0M $960,000 $672,500 $0.5M $449,000 $537,500 $350,000 $343,750 $361,250 $0-13.3% -19.7% +19.7% -1.8% +24.5% +48.4% +25.1% +5.1% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 4 Bedrooms or More, Single Family & Condo/Townhouse December Median Sales Price $1.2M $1.0M $915,000 $0.8M $755,300 $679,000 $0.6M $0.4M $0.2M $0-10.1% +34.8% 2015 2016 2017 : 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
Bellevue, Ketchum, Sun Valley, Hailey: 4 Bedrooms or More, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $500 Ketchum Sun Valley Hailey Bellevue $400 $413 $419 $422 $379 $407 $331 $300 $200 $182 $200 $218 $157 $157 $132 $100 $0 +1.5% -12.7% +9.9% +18.9% +0.7% +23.0% +9.0% 0.0% 2015 2016 2017 Ketchum & Sun Valley & Hailey & Bellevue: 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 25, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
(All Areas): 4 Bedrooms or More, Single Family & Condo/Townhouse December Median Price Per Square Foot Livable $350 $309 $300 $250 $266 $249 $200 $150 $100 $50 $0-6.4% +24.1% 2015 2016 2017 : 4 Bedrooms or More, Single Family & Condo/Townhouse Each data point is 12 months of activity. Data is from January 29, 2018. All data from Sun Valley Board of REALTORS MLS. Data deemed reliable, but not guaranteed. InfoSparks 2018 ShowingTime.
APPENDIX 5: THE BLAINE COUNTY HOUSING AUTHORITY FY 2017 Annual Report An expanded look at the community database and financial statements of BCHA.
Income Cat. Category 0 Up to 30% AMI Category 1 Up to 50% AMI Category 2 50% to 60% AMI Category 3 60% to 80% AMI Category 4 80% to 100% AMI Category 5 100% to 120% AMI Income Cat. Category 0 Up to 30% AMI Category 1 Up to 50% AMI Category 2 50% to 60% AMI Category 3 60% to 80% AMI Category 4 80% to 100% AMI Category 5 100% to 120% AMI Household 1 Total Housing Authority Community Housing Database, Selected Characteristics Percent of List Income Limit Max Housing Costs 4 7.5% $ 16,350 $ 409 11 20.8% $ 27,250 $ 681 6 11.3% $ 32,700 $ 818 20 37.7% $ 43,600 $ 1,090 8 15.1% $ 54,500 $ 1,363 4 7.5% $ 65,350 $ 1,634 Income Cat. Category 0 Up to 30% AMI Category 1 Up to 50% AMI Category 2 50% to 60% AMI Category 3 60% to 80% AMI Category 4 80% to 100% AMI Category 5 100% to 120% AMI Total Household 3 Household 4 Max Percent of Income Total Housing Income Cat. Total List Limit Costs 2 8.3% $ 21,050 $ 526 6 25.0% $ 35,050 $ 876 3 12.5% $ 42,050 $ 1,051 7 29.2% $ 56,050 $ 1,401 2 8.3% $ 70,050 $ 1,751 2 8.3% $ 84,050 $ 2,101 Category 0 Up to 30% AMI Category 1 Up to 50% AMI Category 2 50% to 60% AMI Category 3 60% to 80% AMI Category 4 80% to 100% AMI Category 5 100% to 120% AMI Household 2 Percent of List Income Limit Max Housing Costs 2 8.3% $ 18,700 $ 468 6 25.0% $ 31,050 $ 776 3 12.5% $ 37,400 $ 935 7 29.2% $ 49,800 $ 1,245 2 8.3% $ 62,250 $ 1,556 2 8.3% $ 74,700 $ 1,868 Percent of List Income Limit Max Housing Costs 1 5.6% $ 24,600 $ 615 7 38.9% $ 38,900 $ 973 1 5.6% $ 46,700 $ 1,168 1 5.6% $ 62,250 $ 1,556 0 0.0% $ 77,800 $ 1,945 1 5.6% $ 93,350 $ 2,334 Source: Housing Authority, Database End of FY 2017. Income Categories based on HUD Data published April, 2017.
Housing Authority Community Housing Database, Selected Characteristics Location Preference Bellevue Hailey Ketchum Sun Valley Total Pct of Total All Entries 2 41 54 7 104 100.0% BCHA-Defined Income Category Bellevue Hailey Ketchum Sun Valley Total Pct of Total Category 0 0 4 4 0 8 7.7% Category 1 1 16 13 3 33 31.7% Category 2 0 7 6 0 13 12.5% Category 3 0 6 20 2 28 26.9% Category 4 0 5 6 1 12 11.5% Category 5 1 2 4 0 7 6.7% Category 6 0 1 0 1 2 1.9% Category 7 0 0 1 0 1 1.0% Household Size Bellevue Hailey Ketchum Sun Valley Total Pct of Total HH 1 0 13 38 4 55 52.9% HH 2 0 9 11 2 22 21.2% HH 3 0 7 2 0 9 8.7% HH 4 1 9 1 1 12 11.5% HH 5 1 3 1 0 5 4.8% HH 6 0 0 1 0 1 1.0% HH 7 0 0 0 0 0 0.0% Housing Need Bellevue Hailey Ketchum Sun Valley Total Pct of Total Detached single-family 2 27 14 3 46 44.2% Townhouse 0 5 3 0 8 7.7% Condominium 0 5 30 4 39 37.5% Duplex 0 3 4 0 7 6.7% Apartment 0 1 0 0 1 1.0% Other 0 0 3 0 3 2.9% Housing Preference Bellevue Hailey Ketchum Sun Valley Total Pct of Total Rent 0 15 30 4 49 47.1% Buy 0 9 4 2 15 14.4% Either 2 17 20 1 40 38.5% Source: Housing Authority, Database End of FY 2017. Income Categories based on HUD Data published April, 2017.
BCHA Database, Selected Characteristics Total Rentals Percent of BCHA Stewardship Total Rentals 24 100% Income Category 1 (<50% AMI) 1 4.2% Income Category 2 (60% AMI) 9 37.5% Income Category 3 (80% AMI) 11 45.8% Income Category 4 (100% AMI) 2 8.3% Income Category 5 (120% AMI) 1 4.2% Income Category 6 (140% AMI) 0 0.0% Income Category 7 (160% AMI) 0 0.0% Income Category 8 (180% AMI) 0 0.0% Income Category 9 (200% AMI) 0 0.0% Total Ownership Percent of BCHA Stewardship Total Ownership 85 100% Income Category 1 (<50% AMI) 0 0.0% Income Category 2 (60% AMI) 2 2.4% Income Category 3 (80% AMI) 25 29.4% Income Category 4 (100% AMI) 41 48.2% Income Category 5 (120% AMI) 9 10.6% Income Category 6 (140% AMI) 5 5.9% Income Category 7 (160% AMI) 0 0.0% Income Category 8 (180% AMI) 0 0.0% Income Category 9 (200% AMI) 1 1.2% Total All Housing Percent of BCHA Stewardship All Housing Units 109 100% Income Category 1 (<50% AMI) 1 0.9% Income Category 2 (60% AMI) 11 10.1% Income Category 3 (80% AMI) 36 33.0% Income Category 4 (100% AMI) 43 39.4% Income Category 5 (120% AMI) 10 9.2% Income Category 6 (140% AMI) 5 4.6% Income Category 7 (160% AMI) 0 0.0% Income Category 8 (180% AMI) 0 0.0% Income Category 9 (200% AMI) 1 0.9%
Rental Units Totals Median Number Bedrooms 2.0 Median Number Bathrooms 2.0 Median Square Feet 1005.0 Median Rent $ 798.50 Ownership Units Totals Median Number Bedrooms 2.0 Median Number Bathrooms 2.0 Median Square Feet 1036.0 Median Sales Price $ 152,779.00 All Housing Units Totals Median Number Bedrooms 2.0 Median Number Bathrooms 2.0 Median Square Feet 1036.0 Rentals by Area Totals Percent of BCHA Stewardship Total Rentals 24 100% Ketchum 12 50.0% Sun Valley 2 8.3% Hailey 3 12.5% Bellevue 5 20.8% Other 2 8.3% Ownership by Area Totals Percent of BCHA Stewardship Total Ownership 85 100% Ketchum 60 70.6% Sun Valley 8 9.4% Hailey 16 18.8% Bellevue 0 0.0% Other 2 2.4% All Housing Units by Area Totals Percent of BCHA Stewardship Total, All Housing Units 109 100% Ketchum 72 66.1% Sun Valley 10 9.2% Hailey 19 17.4% Bellevue 5 4.6% Other 4 3.7%
Ownership Closings by Year Totals Percent of BCHA Stewarded Closings All Closings, All Dates 85 100% Before 2000 0 0.0% 2000 3 3.5% 2001 1 1.2% 2002 0 0.0% 2003 1 1.2% 2004 2 2.4% 2005 3 3.5% 2006 13 15.3% 2007 7 8.2% 2008 10 11.8% 2009 6 7.1% 2010 4 4.7% 2011 2 2.4% 2012 1 1.2% 2013 10 11.8% 2014 5 5.9% 2015 2 2.4% 2016 8 9.4% 2017 7 8.2% 2018 0 0.0% Source: BCHA Housing Database, Aggregation by Housing Authority
Year Ended September 30, 2017 Financial Statements BLAINE COUNTY HOUSING AUTHORITY
BLAINE COUNTY HOUSING AUTHORTY Financial Statements For the year ended September 30, 2017 Table of Contents Independent Auditor s Report 1-2 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position 3 Statement of Activities 4 Fund Financial Statements: Balance Sheet 5 Statement of Revenues, Expenditures and Changes in Fund Balances 6 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 7 Proprietary Fund: Statement of Net Position 8 Statement of Revenues, Expenses, and Changes in Net Position 9 Statement of Cash Flows 10 Notes to the Financial Statements 11-15 Required Supplementary Information General Fund Budgetary Comparison Schedule 16 Report on Compliance and on Internal Control over Financial Reporting Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 17-18
Management is responsible for the preparation and fair presentation of these financial statements in accordance accepted in the United States of America. November 16, 2017 General of the United States. Those standards require that we plan and perform the audit to obtain reasonable presentation of the financial statements. where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally Report on the Financial Statements Management s Responsibility for the Financial Statements assurance about whether the financial statements are free from material misstatement. assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of 30, 2017, and the related notes to the financial statements, which collectively comprise the Blame We have audited the accompanying financial statements of the governmental activities, the business-type activities and each major fund of the Blame Housing Authority, as of and for the year ended September implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the statements that are free from material misstatement, whether due to fraud or error. Auditor s Responsibility standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller with accounting principles generally accepted in the United States of America; this includes the design, Blame Housing Authority Ketchum, Idaho To the Board of Commissioners INDEPENDENT AUDITOR S REPORT Housing Authority s basic financial statements as listed in the table of contents. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not opinions. Housing Authority, as of September 30, 2017, and the respective changes in financial position, and, financial position of the governmental activities, the business-type activities and each major fund of the Blame In our opinion, the financial statements referred to above present fairly, in all material respects, the respective Opinions We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit the reasonableness of significant accounting estimates made by management, as well as evaluating the overall express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and 828 Blue Lakes Boulevard North P0. Box 2367 Twin Falls, Idaho 83303 (208) 733-1161 Fax: (208) 733-6100 for the purpose of expressing an opinion on the effectiveness of the entity s internal control. Accordingly, we CERTIFIED PUBLIC ACCOUNTANTJ IDennis Brown
-2- Twin Falls, Idaho Certified Public Accountant limited procedures to the required supplementary information in accordance with auditing standards generally on our consideration of the Blame Housing Authority s internal control over financial reporting and on our DENNIS R BROWN for placing the basic financial statements in an appropriate operational, economic, or historical context. My by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting Accounting principles generally accepted in the United States of America require that the management s principles generally accepted in the United States of America require to be presented to supplement the basic preparing the information and comparing the information for consistency with management s responses to our accepted in the United States of America, which consisted of inquiries of management about the methods of financial statements. Such missing information, although not a part of the basic financial statements, is required reporting and compliance and the results of that testing, and not to provide an opinion on internal control over Other Reporting Required by Government Auditing Standards tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other In accordance with Government Auditing Standards, we have also issued our report dated November 16, 2017. statements. We do not express an opinion or provide any assurance on the information because the limited opinion on the basic financial statements is not affected by this missing information. We have applied certain inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial financial reporting or on compliance. That report is an integral part of an audit performed in accordance with financial reporting and compliance Required Supplementary In formation procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. discussion and analysis and budgetary comparison information on page 15 be presented to supplement the basic financial statements. Management has omitted a managements discussion and analysis that accounting matters. The purpose of that report is to describe the scope of our testing of internal control over financial Government Auditing Standards in considering the Blame Housing Authority s internal control over Other Matters
Banks net BLAINE COUNTY HOUSING AUTHORITY Statement of Net Position at September 30, 2017 Total Governmental Business-type Primary Activities Activities Government ASSETS Cash and Deposits $ 86,427 $ 116,656 $ 203083 Restricted and Asssigned Cash 80,094 80,094 Totals 166,521 116,656 283,177 Capital Assets: Land 86,500 400,000 486,500 Buildings and Improvements 336,980 640,521 977,501 Total 423,480 1,040,521 Accumulated Deprecation (29,976) (29,976) Total Capital Assets 423,480 1,010,545 1,434,025 Total Assets 590,001 1,127,201 1,717,202 LIABILITIES Loans Payable - 208,000 208,000 Accounts and Payroll LiabilitiesPayable 6,676 6,676 Refundable User Deposits 9,100 9,100 Long-term Liabilities: Compensated Absences 4,830 4,830 Total Liabilities 228,606 0 228,606 NET POSITION Invested in Capital Assets - of related debt 423,480 1,010,545 1,434,025 Restricted For: Debt Service 0 Other Purposes 80,094 80,094 Unrestricted (142,179) 116,656 (25,523) Total Net Position $ 361,395 $ 1,127,201 $ 1,488,596 The accompanying notes are a part of these financial statements. -3-
debt BLAINE COUNTY HOUSING AUTHORITY Statement of Activities For the Year Ended September 30, 2017 Program Revenues Net (Expense) Revenues and Fees, Fines, Capital Changes in Net Position and Charges Grants and Governmental Business Type Activities: Expenses for Services Contributions Activities Activities Total Governmental: Wages and Benefits $ 111,130 $ $ 7500$ (103.630) $ (103.630) Insurance 944 (944) (944) Miscellaneous 1.507 (1507) (1507) Professional Fees 33.051 (33051) (33.051) Rent 9414 (9,414) (9,414) Travel and Meetings 7,093 (7,093) (7,093) Office Expense 5,344 (5.344) (5,344) Technology and Website Expense 8,457 (8.457) (8,457) Program Fees 3,205 (3.205) (3.205) Repairs and Maintenance 2,274 (2.274) (2.274) Advertising and Marketing 1,837 (1,837) (1,837) HOA Dues and Memberships 7,285 (7,285) (7,285) Interest on debt 16,967 (16,967) (16,967) Telephone and Internet 4,398 (4,398) (4,398) Total Governmental Activities 212,906 0 7.500 (205,406) (205,406) Business Type: Lift Tower Lodge Rental 96,704 95.058 0 $ (1,646) (1.645) Interest - 0 0 0 Total Susiness-type Activities 96,704 95,056 0 (1.646) (1.646) Total Blame Housing Authority S 309,610 5 95.058 7,500 (205.406) (1.646) (207.052) General Revenues: Community Housing Fees 29.568 29.566 and City Support 158.000 158.000 Rental Income 29. 790 29. 790 Rental Administration 15.628 15.628 Gain on Sale of Assets (3.758) (3,758) Interest Income 1.357 1,357 Total general revenues and transters 230,585 0 230,585 Changes in net position 25,179 (1,646) 23,533 Net Position - Beginning 336.216 1,128,847 1,465.063 Net PositionS Ending $ 361.395 $ 1,127,201 $ 1,488,596 The accompanying notes are a part of these financial statements. -4-
Bank BLAINE COUNTY HOUSING AUTHORITY Balance Sheet Governmental Funds at September 30, 2017 ASSETS: Cash and Deposits $ 86,427 Restricted Cash 80,094 Investment in Community Housing 423480 Total Assets $ 590,001 LIABILITIES: Accounts Payable $ Accrued Payroll Tax Payable 6,676 Security and Other Deposits 9,100 Total Liabilities $ 15,776 FUND BALANCE: Non-Spendable Restricted Committed Assigned 79,482 Unassigned 494743 Total Fund Balance 574,225 Total Liabilities and Fund Balance $ 590,001 Amounts reported for governmental activities in the Statement of Net Position (page 3) are different because: Governmental fund focus on current resources, liabilities that will not be paid in the current period will not be included on the governmental fund balance sheet. Governmental Funds Balance $ 574,225 Loan Payable - (208,000) Accrued compensated absences (4,830) Net Position of Governmental Funds S 361,395 The accompanying notes are a part of these financial statements. -5-
BEGINNING BLAINE COUNTY HOUSING AUTHORITY Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds for the years ended September 30, 2017 REVENUE: Communfty Housing Fees $ 29,568 and City Support 158000 Grants and contributions 7,500 Capital Replacement fee Rental Administration 15,628 Rental Income 29,790 Proceeds from Sale of Assets (3,758) Interest 1,357 Total Revenue $ 238,085 EXPENDITURES: Wages and Benefits 111,130 Insurance 944 Miscellaneous 1,507 Professional Fees 33,051 Rent 9,414 Travel and Meetings 7,093 Office Expense 5,344 Technology and Website Expense 8,457 Program Fees 3,205 Repairs and Maintenance 2,274 Advertising and Marketing 1,837 HOA Dues and Memberships 7,285 Utilities and Telephone 4,398 Debt Service and Interest Expense 16,967 Captial Outlay Equipment Total Expenditures 212,906 NET CHANGE IN FUND BALANCES 25,179 FUND BALANCE - 549,046 FUND BALANCE - ENDING $ 574,225 The accompanying notes are a part of these financial statements. -6-
BLAINE COUNTY HOUSING AUTHORITY Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds To the Statement of Activities for the yeasr ended September 30, 2017 Net Change in Fund Balance - Total Governmental Funds (Page 6) $ 574,225 Proceeds from debt are not recorded in the activities (208,000) Liability for personal leave days are not recorded in Governmental Funds. (4,830) Change in Net Position of Governmental Activities (Page 4) $ 361,395 The accompanying notes are a part of these financial statements. -7-
BLAINE COUNTY HOUSING AUTHORITY Statement of Net Position Proprietary Funds at September 30, 2017 Assets: Current Assets: Cash and Deposits $ 116656 Accts receivable - customers 0 Total Current Assets $ 116,656 Capital Assets: Property, Plant and Equipment 1,040,521 Accumulated depreciation (29,976) Net Property, Plant and Equipment 1,010,545 Total Assets 1,127201 Liabilities: Current Liabilities: Accounts Payable Total Current Liabilities 0 Total Liabilities 0 Net Position: Investment in capital assets net of related debt 1,010,545 Restricted Unrestricted 116,656 Total Net Position $ 1,127201 The accompanying notes are a part of these financial statements. -8-
Total Operating Revenue $ 95,058-9- Security Deposit Refunds Administrative Labor and Costs 37,044 Administrative Rent 3,138 Net Income (Loss) (1,646) The accompanying notes are a part of these financial statements. Rents $ 95,058 Maintenance 11,075 Housekeeping 16,452 Insurance 1,477 Transfers in Transfers out Grants and Contributions Total Net Position - Ending $ 1,127,201 Legal and Accounting 703 Supplies and Small Fixtures 1,801 Depreciation 12,810 Interest Expense 0 Total Net Position - Beginning 1,128,847 Total Operating Expenses 96,704 Total Nonoperating 0 Operating Revenues: Operating Expenses: Operating Income (Loss) (1,646) Nonoperating Revenues (Expenses): for the years ended September 30, 2017 Income (Loss) before transfers (1,646) Proprietary Funds Statement of Revenues, Expenses, and Changes in Net Position BLAINE COUNTY HOUSING AUTHORITY Utilities, Telephone, Internet 12,204
BLAINE COUNTY HOUSING AUTHORITY Statement of Cash Flows Proprietary Funds for the years ended September 30, 2017 Cash Flows From Operating Activities: Receipts from customers $ 95,058 Payments to suppliers and labor (83,894) Net cash provided (used) by operations $ 11,164 Cash Flows From Capital and Related Financing Activities: Purchase and construction of capital assets 0 Proceeds from grants and contributions 0 Net cash provided (used) by capital and related financing activities 0 Cash Flows From Investing Activities: Interest Income 0 Net Increase in Cash and Deposits 11,164 Balances - Beginning of the year 105,492 Balances - Ending of the year $ 116,656 Displayed as: Cash and Deposits 116,656 Balances - Ending of the year $ 116,656 Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities: Operating Income (1,646) Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation expense 12,810 Changes in assets and liabilities: Accounts and other payables 0 Net Cash Provided (Used) by Operating Activates $ 11,164 The accompanying notes are a part of these financial statements. -10-
BLAINE COUNTY HOUSING AUTHORITY Notes to the Financial Statements At September 3D, 2017 NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In 1996, the -Ketchum Housing Authority was created by a joint powers agreement between Blame, Idaho and the City of Ketchum, Idaho under Idaho Code, Title 31 and 50. In 2007, Blame by resolution and under authority of Idaho Code Tile 31, changed the Housing Authority to a county wide entity and renamed it Blame Housing Authority. Its purpose is to provide affordable housing to county residents. The Housing Authority s financial statements include the accounts of all operations under the oversight authority of the Board. Oversight responsibility is derived from the governmental unit s authority and includes, but is not limited to, financial interdependency, selection of governing authority, designation of management, ability to significantly influence operations and accountability for fiscal mailers. Based on the foregoing criteria, no component units are included in the Housing Authority s financial statements. (A) Basis of Accounting Measurement Focus Basis of Accounting: For this reporting period, the Housing Authority has conformed its financial statement model to Governmental Auditing Standards Board (GA SB) Statement No. 34. This model presents the financial statements as follows: Government-wide Statements: The statement of net assets and the statement of activities display information about the primary government (the Housing Authority). The statement of activities presents a comparison between direct expenses and program revenues for each activity of the Authority. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Indirect expense allocations that have been made in the funds have been reversed for the statement of activities. Program revenues include (a) fees, fines, and charges paid by the recipients of goods or services offered by the programs and (b) grants and contributions that are restricted to meeting the operational or capital requirements of a particular program. Revenues that are not classified as program revenues, including all assessments and fees, are presented as general revenues. Fund Financial Statements. The fund financial statements provide information about the Authority s funds. Governmental funds are accounted for using the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on the balance sheet. Under modified accrual basis of accounting, revenues are recognized when they become both measurable and available. Available for purposes of revenue recognition is defined as sixty days. Revenue sources susceptible to accrual include assessments from the and Cities, and fees charged for services. Expenditures are recognized when the related fund liability is incurred. Budgetary Data: the budget is legally enacted prior to October 1 in accordance with the Idaho Code following an analysis of the proposed expenditures and the means of financing them, and a public budget hearing held to obtain county residents comments. The budget is prepared on the modified accrual basis of accounting. The encumbrance method is not used the Housing Authority. 11
-Continued BLAINE COUNTY HOUSING AUTHORITY Notes to the Financial Statements At September 30, 2017 Entity Classifications. A. Authority-Wide Financial Statements The Authority reports net position in three categories invested in capital assets, restricted and unrestricted. B. Fund Financial Statements The Authority has adopted GASB Statement No. 54 Fund Balance Reporting and Governmental Fund Type Definitions (GASB 54) which defines how fund balances of the governmental funds are presented in the financial statements. There are five classifications of fund balances as presented below: Non-spendable These funds are not available for expenditures based on legal or contractual requirements. In this category, one would see inventory, long-term receivables, unless proceeds are restricted, committed, or assigned and legally or contractually required to be maintained intact (corpus or a permanent fund). Restricted These funds are governed by externally enforceable restrictions. In this category, one would see restricted purpose grant funds, debt service or capital projects. Committed Fund balances in this category are limited by the governments highest level of decision making. Any changes of designation must be done in the same manner that it was implemented and should occur prior to end of the fiscal year, though the exact amount may be determined subsequently. Assigned These funds are intended to be used for specific purposes, intent is expressed by governing body or an official delegated by the governing body. Unassigned This classification is the default for all funds that do not fit into the other categories. This, however, should not be a negative number for the general fund. If it is, the assigned fund balance must be adjusted. Order of Use of Fund Balance The Authority s policy is to apply expenditures against non-spendable fund balance, restricted fund balance, committed fund balance, assigned fund balance and unassigned fund balance at the end of the fiscal year. For all funds, nonspendable fund balances are determined first and then restricted fund balances for specific purposes are determined. Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. (B) Assets. Liabilities, and Equity Deposits and investments The cash balances of substantially all funds are pooled and invested by the State of Idaho Treasurer s Office for the purpose of increasing earnings through investment activities. The pool s investments are reported at fair value at September 30th of each year based on market prices. The individual funds portions of the pool s fair value are presented as Pooled Cash and Investments. Earnings on the pooled funds are apportioned and paid or credited to the funds monthly based on the average daily balance of each participating fund. -12-
BLAINE COUNTY HOUSING AUTHORITY Notes to the Financial Statements At September 30, 2017 -Continued Capital Assets Purchased or constructed capital assets used in operations with an initial useful life that extends beyond one year are capitalized. They are reported net of accumulated depreciation on the Statement of Net Assets. The Authority capitalizes assets in excess of $1000. Capital assets are recorded at their historical cost and are depreciated using the straight-line method of depreciation over the following estimated useful lives: Estimated Useful Lives Asset Class Buildings 50 Furnishings and Fixtures 15 Compensated Absences The liability for compensated absences is recorded in the government-wide statement of net position and represents amounts estimated to be currently owed to the Authority s employees for unused vacation and personal leave days. Restricted Cash The Authority s board of commissioners restricts certain cash for specific purposes. NOTE 2 CASH AND DEPOSITS Deposits: Custodial credit risk, in the case of deposits, is the risk that in the event of a bank failure, the government s deposits may not be returned to it. The Authority has no deposit policy for custodial credit risk. At year end, $17,531 of the Authority s bank balance was not exposed to custodial credit risk because it was insured by the FDIC. Investments: Custodial credit risk, in the case of investments, is the risk that in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At year end, the Authority held the following investments: Investment Type Idaho State Local Government Investment Pool $ 265,646 These investments are unrated external investment pools sponsored by the Idaho State Treasurer s Office. They are classified as Investments in an External Investment Pool and are exempt from custodial credit risk and concentration of credit risk reporting. Interest rate risk is summarized as follows: Asset-backed securities are reported using weighted average life to more accurately reflect the projected term of the security, considering interest rates and repayment factors. -13-
oversight BLAINE COUNTY HOUSING AUTHORITY Notes to the Financial Statements At September 30, 2017 -Continued The elected Idaho State Treasurer, following Idaho Code, Section 67-2328, is authorized to sponsor an investment pool in which the Authority voluntarily participates. The Pool is not registered with the Securities and Exchange Commission or any other regulatory body - is with the State Treasurer, and Idaho Code defines allowable investments. All investments are entirely insured or collateralized with securities held by the Pool or by its agent in the Pool s name. And the fair value of the Authority s position in the external investment pool is the same as the value of the pool shares. Credit Risk: The Authority s policy is to comply with Idaho State statutes which authorize the Authority to invest in obligations of the United States, obligations of the State or any taxing district in the State, obligations issued by the Farm Credit System, obligations of public corporations of the State of Idaho, repurchase agreements, tax anticipation notes of the State or taxing district in the State, time deposits, savings deposits, revenue bonds of institutions of higher education, and the State Treasurer s Pool. Interest rate risk and concentration of credit risk: The Authority has no policy regarding these two investment risk categories. Cash and Deposits are comprised of the following at the financial statement date: Cash on Hand $ 0 Deposits with financial institutions: Demand deposits 17,531 State of Idaho Investment Pool 265,646 Total $ 283.177 NOTE 3 INVESTMENT IN COMMUNITY HOUSING Blame Housing Authority has several properties it has acquired to renovate and make available to qualifying individuals in the affordable housing arena. During the current year, one property has been sold and another acquired. The total amount invested in these properties is $423,480. The properties are rented in the short term and made available for purchase by qualifying individuals in the long term. NOTE 4 - LITIGATION The Authority is involved in no legal actions at the date of these financial statements. NOTE S - RISK MANAGEMENT The Authority is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. During the fiscal year, the Authority is contracted with Idaho Risk Management Program (ICRMP) for property, crime and fleet insurance and the State Insurance Fund for workman s compensation. Under the terms of the ICRMP policy, the Authority s liability is limited to the amount of annual financial membership contributions, including a per occurrence deductible. There has been no significant reduction in insurance coverage in the current year. Settlement amounts have not exceeded insurance coverage for the current year or the three prior years. -14-
BLAINE COUNTY HOUSING AUTHORITY Notes to the Financial Statements At September 30, 2017 -Continued NOTE 6 CAPITAL ASSETS Capital asset activity for the current year ended for general government funds were as follows: Beginning Ending Balance Additions Deletions Balance Land and Infrastructure $ 86500 $ $ S 86500 Buildings and Improvements 336980 336980 Vehicles and Equipment 0 Totals 423,480 0 0 423,480 Accumulated Depreciation 0 0 Net Book Value $ 423,480 $ 0 $ 0 $ 423,480 Capital asset activity for the current year ended for the enterprise funds were as follows: Beginning Ending Balance Additions Deletions Balance Land and Infrastructure $ 400,000 $ $ $ 400,000 Buildings and Improvements 640,521 640,521 Vehicles and Equipment 0 0 Totals 1,040,521 0 0 1,040521 Accumulated Depreciation (17,166) (12,810) (29,976) Net Book Value $ 1,023,355 $ (12,810) $ 0 $ 1,010,545 NOTE 7 - PENSION PLAN The Authority has no long-term pension plan obligation or liability. NOTE 8- SUBSEQUENT EVENTS Subsequent events were evaluated through the date of the auditor s report, which is the date the financial statements were available to be issued, -15-
Required Supplementary Information
BLAINE COUNTY HOUSING AUTHORITY Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - General Fund for the year ended September 30, 2017 REVENUE: Variance Original Final Favorable Budget Budget Actual (Unfavorable) Community Housing Fees S 20000 $ 20,000 S 29,568 $ 9,568 andcitysupport 158000 158,000 158,000 0 Grants and contributions 3,000 3,000 7,500 4,500 Capital Replacement Fees 0 Rental Administration 13,500 13,500 15,628 2,128 Rental Income 17,200 17,200 29,790 12,590 Proceeds from Sale of Assets (3,758) (3,758) Interest 350 300 1,357 1,057 Total Revenue 212,050 212,000 238,085 26,085 EXPENDITURES: Wages and Benefits 154,950 154,950 111,130 43,820 Insurance 858 858 944 (86) Miscellaneous 0 0 1,507 (1,507) Professional Fees 8,000 8,000 33,051 (25,051) Rent 9,750 9,750 9,414 336 Repairs 5,000 5000 2,274 2,726 Advertising and Public Outreach 500 500 1,837 (1,337) Travel and Meetings 2,800 2,800 7,093 (4,293) Office Expense 4,500 4,500 5,344 (844) Technology and Website Expense 1,500 1,500 8,457 (6,957) Program Fees 21,000 21,000 3,205 17,795 Contract Labor 2,500 2,500 2,500 HOA Dues and Subscriptions 9,500 9,500 7,285 2,215 Telephone and Internet 4,500 4,500 4,398 102 Debt Service 17,000 17,000 16,967 33 Total Expenditures 242,358 242,358 212906 29,452 NET CHANGE IN FUND BALANCES (30.358) 25,179 55.537 FUND BALANCE - BEGINNING 549,046 549,046 FUND BALANCE - ENDING $ 518.688 $ 574,225 The accompanying notes are a part of these financial statements. -16-
*_fl{6_ Dennis Brown 828 Blue Lakes Boulevard North P0. Box 2367 Twin Falls, Idaho 83303 (208) 733-1161 Fax: (208) 733-6100 INDEPENDENT AUDITOR S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS November 16, 2017 To the Board of Commissioners Blame Housing Authority Ketchum, Idaho We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the businesstype activities and each major fund of the Blame Housing Authority, as of and for the year ended September 30, 2017, and the related notes to the financial statements, which collectively comprise the Blame Housing Authority s basic financial statements, and have issued our report thereon dated November 16, 2017. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Blame Housing Authority s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Blame Housing Authority s internal control. Accordingly, we do not express an opinion on the effectiveness of the Blame Housing Authority s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. Compliance and Other Matters As part of obtaining reasonable assurance about whether the Blame Housing Authority s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. -17-
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and Purpose of this Report Report Continued the results of that testing, and not to provide an opinion on the effectiveness of the entity s internal control or on suitable for any other purpose. Standards in considering the entity s internal control and compliance. Accordingly, this communication is not compliance. This report is an integral part of an audit performed in accordance with Government Auditing DENNIS R. BROWN Certified Public Accountant Twin Falls, Idaho -18-