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� It yyl me <br />TABLE 33 <br />t <br />VACANCY RATES <br />Buena Park 0.7 <br />i <br />Garden Grove 1.4 <br />Orange 1.3 <br />Westminster 0.9 <br />Anaheim 2.0 <br />Source: State of California, Employment Development <br />Department, Annual Planning Information, <br />1980-81. <br />L <br />l Housing Costs <br />The results of housing demand exceeding the supply has been a <br />i; low vacancy rate and high prices. A consequence of the disparity <br />between supply and demand is that homebuyers in the SCAG region paid an <br />average of $124,000 for a single home in 1980. This exceeded the <br />national average by more than $29,000.* It is apparent that the low <br />income levels of the occupation categories previously listed, even when <br />combined with a second income, would prevent most families from purchas- <br />ing a home in Orange County. As a result most employees would be <br />'- restricted to the rental market to satisfy their housing needs. <br />Table 34 illustrates housing costs for the City of Santa Ana <br />and other cities in the Central Orange County area. <br />Table 35 presents the price of housing and rents afford- <br />able for various income levels. Realistically, families with incomes <br />under $30,000 a year would not qualify to purchase a house in Orange <br />County, unless assistance is provided. <br />i <br />f <br />* SCAG, 1979-8o Report of the Southern California Association of <br />Governments. <br />a <br />75D-305 <br />