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and almost one in five of Pleasanton households are low-income households (earn less than 80 percent of Area Median Income (AMI)). • Home prices are higher in Pleasanton than in the county. Households must earn about $226,080 (at least 180 percent of AMI) to be able to afford to buy a home in the city. A household must earn about $125,600 (100 percent of AMI) to be able to afford market rent in Pleasanton. • Almost 24 percent of Pleasanton homeowners are cost burdened, meaning they spend 30 percent or more of gross income on housing costs, while almost 44 percent of renters are cost burdened. Additionally, 21 percent of renters spend 50 percent or more of their income on housing, compared to about 10 percent of homeowners. Pleasanton has a lower proportion of cost -burdened households compared to the county. • Renter households are more likely to be living in overcrowded conditions than owner - occupied households. Although Pleasanton has a lower rate of overcrowding compared to the region, about seven percent of renter households live in overcrowded conditions. • Half of Pleasanton's population is White, 34.6 percent Asian, 9.5 percent Latinx, and 1.8 percent African American. People of color comprise a lower proportion of Pleasanton's population compared to the Bay Area. African American residents experience the highest rates of poverty in Pleasanton. • Pleasanton's median age is 41 years, higher than the county (38 years). Seniors (65 years and above) make up almost 15 percent of the population. Out of the total senior population, approximately one-third is cost burdened. Seniors are a special needs group because they are more likely to be on a fixed income while requiring higher levels of care. • Pleasanton's special housing needs population include persons with a disability that may require accessible housing (7.0 percent of residents) and female -headed households who are often at greater risk of housing insecurity (6.9 percent of households). • Pleasanton has 2,291 large households (five or more people), which are generally served by three-bedroom or larger units. Pleasanton's housing mix of three-bedroom or larger units (20,442 units) is adequate to accommodate larger families. • Pleasanton is a net importer of workers for jobs at all wage levels, although this is most pronounced for lower -wage jobs. Only eight percent of people employed in Pleasanton also live in Pleasanton, which can contribute to traffic congestion. • Over 70 percent of Pleasanton's housing stock is single-family (attached and detached); however, multi -family housing of five or more units has experienced the most growth over the last decade. A variety of housing types is important to meet the needs of all members of the community. Housing Needs Assessment City of Pleasanton I A-3