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Rochester, MN (KROC AM News) - What should Rochester do about the affordable housing problems facing the city?

The City Council has been discussing the issue the past few years and was briefed this year on a recent study and potential solutions and will revisit the issue at its Monday meeting. 

The most recent snapshot of housing needs in Olmsted County projected a demand of 18,000 units through 2030. 

The study shows more than 5,000 of those will be needed for seniors as the population of residents 65 and older is the fastest-growing segment.

It also shows nearly a third of the current households in Rochester are classified as “empty nesters/never nesters.” 

As for new single-family homes, there is strong demand but few choices for first-time buyers as the market is targeting “move-up buyers” with prices of $370,000 and higher. 

The report shows the apartment building boom has contributed more than 5,000 units in the past decade and the rental market has softened for the short term.

Shed fire spreads to Rochester home.