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5_Exhibit B_Resolution_Attachment 2
City of Pleasanton
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BOARDS AND COMMISSIONS
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PLANNING
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AGENDA PACKETS
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2020 - PRESENT
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2023
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05-10
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5_Exhibit B_Resolution_Attachment 2
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5/4/2023 3:15:58 PM
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5/4/2023 3:12:34 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
5/10/2023
DESTRUCT DATE
15Y
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\BOARDS AND COMMISSIONS\PLANNING\AGENDA PACKETS\2020 - PRESENT\2023\05-10
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Housing Needs Assessment City of Pleasanton | A-57 <br /> <br />Based on U.S. Census data, which often lags market valuations, the largest proportion of homes <br />in Pleasanton were valued between $750,000 and $1 million (see Figure A-41). <br /> <br />Figure A-41: Home Values of Owner-Occupied Units <br /> <br />Notes: <br />Universe: Owner-occupied units <br />Source: ABAG 2021 Pre-certified Housing Needs Data (U.S. Census Bureau, American Community Survey 5-Year Data <br />(2015-2019), Table B25075) <br />A.5.2 Rental Costs <br />Similar to home values, rents have also increased dramatically across the Bay Area in recent <br />years. Many renters have been priced out, evicted or displaced, particularly communities of color. <br />Residents finding themselves in one of these situations may have had to choose between <br />commuting long distances to their jobs and schools or moving out of the region, and sometimes, <br />out of the state. <br />It is more expensive to rent a home in Pleasanton than it is in Alameda County and the Bay Area. <br />Based on U.S. Census data, which often lags market valuations, the largest proportion of rental <br />units in Pleasanton rented in the $2,000-$2,500 per month category, totaling 28.0 percent, <br />followed by 21.7 percent of units renting in the $2,500-$3,000 per month category (see Figure A- <br />42). Looking beyond the city, the largest share of units is in the $1,500-$2,000 per month category. <br />4%5%6%4% <br />15%16% <br />11% <br />28% <br />23% <br />33% <br />26% <br />20% <br />32% <br />18%18% <br />8%5%8%8%4%9% <br />0.0% <br />5.0% <br />10.0% <br />15.0% <br />20.0% <br />25.0% <br />30.0% <br />35.0% <br />Pleasanton Alameda County Bay Area <br />Percent of Owner Occupied UnitsUnits Valued Less than $250k Units Valued $250k-$500k Units Valued $500k-$750k <br />Units Valued $750k-$1M Units Valued $1M-$1.5M Units Valued $1M-$2M <br />Units Valued $2M+
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