From ROI NJ:
The number of school-age children in multifamily housing units increases with the number of bedrooms, regardless of the residents’ income level and building product type. And, if income and bedrooms are fixed, it can be shown that denser properties will have fewer school-aged children.
Those are just two of the conclusions drawn from a white paper released Thursday by the Center for Real Estate at Rutgers Business School, the institute’s effort to answer one of the most pressing questions in the industry.
Here are the key takeaways from the landmark paper, the center’s first:
Across all income levels and building product types, the number of school-age children increases with the number of bedrooms; For any given number of bedrooms and product types, the number of school-age children decreases as renters’ household incomes rise; Holding income and the number of bedrooms fixed, the number of school-age children has an inverse relationship with density (e.g., garden apartments, with fewer units per building, have a greater number of school-age children, and mid- and high-rise buildings, with a greater number of units per building, have a lesser number of school-age children); Buildings with an average income of less than $50,000 per year have a similar number of school-age children, regardless of whether the buildings include affordable units or market-rate units; Buildings constructed before 2000 have a significantly higher number of school-age children living in market-rate units than do buildings built after 2000; and On average, the number of school-age children per 100 affordable units is significantly higher than the number of school-age children per 100 market-rate units.
The collaborators feel the study provides an unprecedented level of context for the oft-contested issue of the effects of development on generating school-age children by controlling for a number of important variables, including: household income; whether the units were market-rate or designated affordable housing; the number of bedrooms in each unit; and building type and age.
“The issue of school-age children in new multifamily development is frequently a contentious debate, and one that can benefit immensely from robust, hard data that takes into account a multitude of variables,” Davis said.