Thursday, December 20, 2012

Housing Needs Assessment for Watford City, Sitting in the Sweet Spot of the Heart of the Bakken

This is an executive summary sent to me by Kent:
The 2012 North Dakota Statewide Housing Needs Assessment notes some key findings with regard to population shifts in different age groups, as well as by median income ranges. 
It then breaks this information down by region and county. 
The report projects that Region 1, which includes McKenzie, Williams and Divide counties, will experience more growth than any other region in North Dakota from 2010 to 2025, and that ...
... McKenzie County will show the largest growth by percentage than any other county in North Dakota
In McKenzie County, the population of people under the age of 25 is expected to grow from 2,212 in 2010 to 4,105 in 2025, a change of 85 percent. People ages 25 to 44 are expected to see the most growth, rising from 1,455 in 2010 to 5,745 in 2025, a change of 294.8 percent. Finally, people ages 45 to 64 are expected to grow from 1,791 in 2010 to 5,083 in 2025, a change of 183.8 percent, while people age 65 and over are projected to grow from 902 in 2010 to 2,177 in 2025, an increase of 141.4 percent. 
Again, as data points, McKenzie County (essentially Watford City) will grow by this extent between 2010 and 2025:
  • under age 25: an 85% increase in growth
  • 25 to 44: an increase of almost 300%
  • 45 to 64: an increase of almost 200% 
  • even those over 65 will show an increase of almost 150%

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