The Housing Demand Analysis estimates future housing demand in the City for the area’s workforce along with maintenance-free housing alternatives for older households and seniors.
The scope of this study includes an analysis of the demographic and economic characteristics of the City of Hackensack and surrounding housing draw area, an analysis of the for-sale housing market, an evaluation of rental market conditions, and a review of active adult senior housing supply and demand factors. The Study concludes with demand calculations to 2028 for general occupancy for-sale housing, general occupancy workforce rental housing, and market rate active adult senior housing, along with development concept recommendations.