Methodology and Scope of the Study

Methodology and Scope of Study

The methodology used by the FIU Jorge M. Pérez Metropolitan Center in the research and preparation of the 2020 Palm Beach County Affordable Housing Needs Assessment was to assess current market data and conditions to determine changes in existing and future housing demand and supply. The housing demand and supply assessment examines the existing and future affordable housing needs of Palm Beach County’s resident worker population and provides several layers of affordability analysis based on prevailing wages, household incomes, and housing values. The geographical emphasis includes Palm Beach County and the largest municipalities based on population.

The Affordable Housing Needs Assessment includes the following elements:

 Housing Supply Analysis: This section provides a current housing market assessment of Palm Beach County’s housing inventory/supply based on housing type, tenure, development activity, and values by municipality;

 Housing Demand Analysis: This section provides a current housing market assessment of Palm Beach County’s current housing demand (need) based on an economic base analysis of the County and its impact on owner and renter households;

 Future Housing Supply and Demand Analysis: This section analyzes economic and population projections for Palm Beach County to determine future housing supply and demand with a specific focus on household income categories;

 Municipal Profiles: This section provides a 1-page summary of each municipality within Palm Beach County highlighting major population, economic, and housing data points.