Housing Supply/Demand
The City of St. Johns housing market is presently experiencing limited supply while demand has remained steady. The limited supply is caused by the lack of new housing development within the previous decade. The steady demand is due to the City of St. Johns housing affordability and stable regional employment opportunities created by the city’s close proximity to Lansing, the state capitol of Michigan. This limited supply and steady demand has resulted in the City of St. Johns outperforming all other regional residential real estate markets, according to the most recent Coldwell Banker Greater Lansing market survey.
Transportation
Public transportation exists in many forms in St. Johns and Mid-Michigan. Lansing …show more content…
Johns and the affordability of the area. New employers are also attracted to the City of St. Johns due to our educated workforce. There is one school district in the City of St. Johns. St. Johns Public Schools is comprised of four elementary schools, one middle school, and one high school. These six schools housed 3,093 students in 2013-14. St. Johns Public Schools show improved test scores and are regarded as above average as compared to other districts in Mid-Michigan. The public school system recently spent $64 million dollars that were the proceeds of a voted bond issue to add space and renovate the high school. An educational facility was developed in a vacant retail space. This facility offers college level and enrichment types of programs sponsored by Lansing Community College in the surrounding …show more content…
(2) A geographic area (in which there are typically fewer than several thousand properties) defined for some useful purpose, such as to ensure for later multiple regression modeling that the properties are homogeneous and share important locational characteristics.” An additional consideration in establishing the boundaries for a neighborhood is the economic influence of price.
Neighborhood Analysis Introduction
The Neighborhood Analysis establishes the framework for forecasting income projections, remaining economic life, and the possible existence of functional and/or economic obsolescence. This analysis utilizes data related to physical, economic, governmental and social forces impacting the subject neighborhood to determine whether the subject property true cash value will experience future economic growth, stability, or decline.
Neighborhood Description and Support of
The City of St. Johns housing market is presently experiencing limited supply while demand has remained steady. The limited supply is caused by the lack of new housing development within the previous decade. The steady demand is due to the City of St. Johns housing affordability and stable regional employment opportunities created by the city’s close proximity to Lansing, the state capitol of Michigan. This limited supply and steady demand has resulted in the City of St. Johns outperforming all other regional residential real estate markets, according to the most recent Coldwell Banker Greater Lansing market survey.
Transportation
Public transportation exists in many forms in St. Johns and Mid-Michigan. Lansing …show more content…
Johns and the affordability of the area. New employers are also attracted to the City of St. Johns due to our educated workforce. There is one school district in the City of St. Johns. St. Johns Public Schools is comprised of four elementary schools, one middle school, and one high school. These six schools housed 3,093 students in 2013-14. St. Johns Public Schools show improved test scores and are regarded as above average as compared to other districts in Mid-Michigan. The public school system recently spent $64 million dollars that were the proceeds of a voted bond issue to add space and renovate the high school. An educational facility was developed in a vacant retail space. This facility offers college level and enrichment types of programs sponsored by Lansing Community College in the surrounding …show more content…
(2) A geographic area (in which there are typically fewer than several thousand properties) defined for some useful purpose, such as to ensure for later multiple regression modeling that the properties are homogeneous and share important locational characteristics.” An additional consideration in establishing the boundaries for a neighborhood is the economic influence of price.
Neighborhood Analysis Introduction
The Neighborhood Analysis establishes the framework for forecasting income projections, remaining economic life, and the possible existence of functional and/or economic obsolescence. This analysis utilizes data related to physical, economic, governmental and social forces impacting the subject neighborhood to determine whether the subject property true cash value will experience future economic growth, stability, or decline.
Neighborhood Description and Support of