Residential RE
Background
Barstow's residential real estate development combines modern living with local charm, offering a diverse range of housing options from single-family homes to contemporary apartments. The focus is on community-centered design, incorporating green spaces and amenities for easy access. The relatively affordable housing prices compared to larger urban areas make Barstow an attractive destination for first-time homebuyers and those looking for a more relaxed pace of life.
The 6th Cycle Housing Element discusses household income trends and challenges in the context of San Bernardino County, focusing on the area's median income (AMI) and its implications for housing affordability. AMI is calculated based on gross annual income and adjusted for family size. The income categories based on AMI include Extremely Low-Income, Very Low-Income, Low-Income, Moderate-Income, and Above Moderate Income. The median household income in Barstow is significantly lower than the county's AMI, indicating potential housing challenges. The distribution of household incomes reveals a wealth gap, with the majority falling between $25,000 to $99,000. Household characteristics impact housing needs, with families seeking homeownership for stability, while single-person households prefer affordable, manageable apartments. The housing stock analysis shows a mix of single-family and multi-family units, with a notable percentage built before 1970. Rental costs vary, with the median rent around $768. However, a significant portion of households faces housing cost burdens, particularly among renters. Special needs groups, such as those with disabilities or limited income, face challenges in securing suitable housing. Overcrowding, housing conditions, and affordability are central concerns, and a diverse range of housing options is necessary to address these issues.