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- About 62 percent of housing units in the study area are in multifamily buildings, and 87 percent are renter-occupied. The diversity of housing options has been a source of stability, allowing residents who may initially rent smaller units to move up to larger units, and eventually to homeownership.
- While housing costs have increased since the 2008-era recession, McKinley Park prices remain low compared to other neighborhoods in the city. Preserving and creating opportunities for affordable housing will help protect existing residents against market pressures that could burden or displace residents.
- Households spending more than half their income on housing are considered severely cost- burdened. Based on data specific to the McKinley Park community area in the period from 2012 and 2016, 38 percent of owner households and 53 percent of renters are burdened by housing costs. This impacts their ability to spend money and support local businesses, as well as other daily necessities like health care.
- The neighborhood features a large amount of older but high-quality housing. About 65 percent of housing stock in McKinley Park was built before 1940. An analysis of building permit data shows easy permits as the primary type of permit request in the community. Easy permits are primarily for improvements/renovations, which have taken place at an even distribution throughout the community. New housing construction in the study area is concentrated on the outer edges of the neighborhood, along Pershing Road, west of Western Avenue, and near Archer Avenue.
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