Advance Monroe 2040, Comprehensive Plan

Page 270

EXISTING PLANS City of Monroe Comprehensive Housing Study

The City of Monroe completed a comprehensive housing study in 2018, with assistance from the University of Cincinnati Economics Center, that was adopted in February of 2019. This study was to provide community leaders, stakeholders, and community members with an analysis of the City to help guide public policy and drive development of residential housing. This report presents the results of a comprehensive analysis of housing growth within Monroe and a look into the socioeconomic conditions that might influence trends within the City and surrounding areas in the coming years. Sample communities were used to compare trends that Monroe was experiencing. These sample communities are Hamilton City, Lebanon, Mason, Middletown, Springboro, Trenton, and West Chester. The sample communities were based on two primary criteria categories and how well they satisfied them. One of the criteria was that the socioeconomic, demographic, employment, and/or housing profiles are similar to Monroe’s and the second criteria was that the sample community had to be within a 30-minute drive of Monroe. This suggests that residents of the sample communities might work in other areas than which they live, replicating similarities to Monroe residents traveling to other communities for work as well. The document provides in-depth analysis of the community over time and for the future, and outlines opportunities and challenges facing the City. Data was collected from multiple sources including Census data and estimates, City departments and county auditors in both Butler and Warren counties. Key takeaways are also addressed from all synthesized information and identified and discusses different growth strategies for Monroe.

270 | Advance Monroe 2040 Comprehensive Plan

City of Monroe Comprehensive Housing Study


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