CMH_Economic_Mobility_Report_Concept_FINAL

Morgan Hill Demographic Analysis

Household Demographics Morgan Hill’s tenure rate for the City is 72% owner occupied housing with 28% being rentals. Figure 6. Housing Tenure in Morgan Hill, 2022

HOUSEHOLD DEMOGRAPHICS Morgan Hill Demographic Analysis

LINKS TO RELEVANT DOCUMENTS APPENDIX C

Morgan Hill’s tenure rate for the City is 72% owner occupied housing with 28% being rentals. According to the United States Federal Reserve the national average for homeownerships is 65%. Household Demographics Morgan Hill’s tenure rate for the City is 72% owner occupied housing with 28% being rentals. Figure 6. Housing Tenure in Morgan Hill, 2022 Figure 6. Housing Tenure in Morgan Hill, 2022

City of Morgan Hill -Housing Element Appendix H-5 Affirmatively Further Fair Housing

http://www.morganhill.ca.gov/DocumentCenter/ View/48217/Appendix-H-5-Assessment-of-Fair Housing

City of Morgan Hill Economic Development Blueprint and Strategy

https://www.morganhill.ca.gov/2549/Economic Development-Blueprint-Strategy

Urban Institute - Upward Mobility Framework

https://upward-mobility.urban.org/mobility-metrics framework

Joint Venture of Silicon Valley – 2024 Silicon Valley Index

https://jointventure.org/publications/silicon-valley index

Source: U.S. Census, American Community Survey, 5-year estimate 2018-2022, City of Morgan Hill

Source: U.S. Census, American Community Survey, 5-year estimate 2018-2022, City of Morgan Hill

Source: U.S. Census, American Community Survey, 5-year estimate 2018-2022, City of Morgan Hill

When analyzing the tenure rate through the lens of race and ethnicity it becomes clear that Hispanics/Latinx residents lag homeownership opportunities versus other races. When analyzing the tenure rate via race and ethnicity it becomes clear that Hispanics/Latinos lag homeownership opportunities versus other races. Table 7. Homeownership by Race and Ethnicity White Hispanic/Latino Asian Owner 76% 49% 84% Renter 24% 51% 16% Source: U.S. Census, American Community Survey, 5-year estimate 2018-2022, City of Morgan Hill

When analyzing the tenure rate via race and ethnicity it becomes clear that Hispanics/Latinos lag homeownership opportunities versus other races. Table 7. Homeownership by Race and Ethnicity White Hispanic/Latino Asian Owner 76% 49% 84% Renter 24% 51% 16% Source: U.S. Census, American Community Survey, 5-year estimate 2018-2022, City of Morgan Hill Table 7. Homeownership by Race and Ethnicity Source: U.S. Census, American Community Survey, 5-year estimate 2018-2022, City of Morgan Hill

Jobs Housing Fit Morgan Hill has a Jobs Housing Fit ratio of 7.39. Jobs-Housing Fit measures the mismatch between wages and housing affordability as the ratio of low-wage jobs (less than $3,333/month) to the number of low-cost rental units (less than $1,500/month). This translates into that there are more than 4 low-wage workers competing for each affordable home in Morgan Hill (assumes household size of 2). Page 11 of 12

Page 11 of 12

62

ELEVATE Morgan Hill

ELEVATE Morgan Hill

63