OKC MAPS Economic Impact - Full Report

OKC MAPS PROJECTS – 25 YEARS

Housing Stock by Year of Construction . Recent construction is slowly tilting the construction era profile for housing units in the study area toward newer vintages. Figure 20 illustrates the reported age of housing in the study area by decade based on a 5-year survey period. 30 The 573 newly constructed housing units between 2010 and 2017 represent 11% of total housing units. The growth in the current decade through 2017 equates to a decade equivalent pace of 716 units, slightly below the 827-unit pace reported in the 2000 to 2009 period. A reported 1,400 housing units (27% of total units) have now been constructed in the study area since 2000. The pace of new housing construction the past two decades far exceeds the rate at the trough in economic conditions in the 1990 to 1999 period when only 214 new units were built. It also exceeds the share of housing constructed in all prior decades tracked by Census. Figure 20. Housing Units by Year of Construction (2017)

2,500

1,969

2,000

1,500

716, Decade Equivalent Pace

1,000

827

573

439

369

500

350

266

214

205

0

2010 to 2017

2000 to 2009

1990 to 1999

1980 to 1989

1970 to 1979

1960 to 1969

1950 to 1959

1940 to 1949

1939 or earlier

Source: U.S. Census Bureau – American Community Survey (5-year estimates)

Historic Preservation . A significant share of the city’s early legacy housing stock remains in place, with 1,969 units (38%) constructed in 1939 or earlier and 2,174 units (42%) constructed prior to 1950. In the three northern residential tracts, nearly all housing units were built prior to 2000 and more than 75% were built prior to 1940 (see Figure 19). Historic Preservation Districts are in place in tracts 1017 (Heritage Hills) and 1018 (Mesta Park). 31 A Historic Landmark Overlay District is also located within the downtown study area. Changes to buildings, demolitions, and new construction in these preservation zones require the approval of either the Historic Preservation Commission or Planning Department staff. 32

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