7.0 Changing Demographics & Housing Types
Demographics in Huntersville
In addition to the significant projected growth in population between 2010 and 2030, one of the major changes likely to occur in the Town of Huntersville over the next 20 years is an increase in the 65 and over population and the associated demand for housing and other services to accommodate that aging population.
The current composition of Huntersville’s population stands in stark contrast to that for the U.S as a whole. Based on 2010 Census figures, the total percentage of residents in Huntersville under five years old was 8.4%, (3,929 residents), compared to 6.5% for the nation as a whole. At the other end of the spectrum, the Town’s 65 years and older population was 6.7% (3,134 residents), while the comparable figure for the U.S was 13.1%. The figures for Huntersville’s neighbors, Cornelius and Davidson, are both lower, at 6.5% and 5%, respectively, for the population group under five years and 10.1% and 12.4%, respectively, for the population over 65. U.S Bureau of the Census projections shows that the percentage of U.S population over 60 in 2030 will be equal to 20%.
North Carolina State Demographic Office figures estimate that the state’s percentage of 65 plus population will be 17.8% by 2030, compared to 12.8% in 2010. Applying the same projected statewide increase in the 65 and over population to Huntersville would result in a 2030 figure of approximately 11.7%, or 10,483 residents age 65 or older, an increase of 7,349 residents between 2010 and 2030.
The projected trends for the aging of U.S and NC populations have a number of potential housing implications for Huntersville. First, household sizes, and consequently the size of homes, are likely to decrease. Second, the type of housing for an older population will tend toward multi-family (either apartments or condominiums) rather than single-family. This is consistent with the overall trend in Huntersville toward a higher percentage of multi-family relative to single-family dwellings. Third, this multi-family housing is also likely to be located closer to amenities and services and closer to transportation facilities (i.e. road, bus and rail). Finally, whether age restricted retirement communities, seniors who choose to remain in their homes, or some type of congregate living (with or without nursing care), it is likely that the demand for senior housing will increase by 2030. The need for this type of housing will drive the market and may require accommodations by the Town, both in terms of its development regulations as well as its service delivery.
It should also be noted that since the elderly population is living longer and healthier lives, at least a portion of this population may desire to live in smaller single-family homes in mixed-use areas, rather than exclusively in retirement communities or congregate care type facilities. This market dynamic is therefore, likely to increase the demand for smaller, ranch-style homes over the next 20 years.