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This article focuses on the need for diverse housing opportunities in Price. Although the population has remained relatively stable over recent years, needs for various types of housing have increased. Having a median housing value of ninety two thousand dollars ($92,000.00), per the 2000 census, the housing market in Price is currently comprised largely of single- family, detached homes. The median monthly mortgage is seven hundred fifty six dollars ($756.00), and the median rent is four hundred nine dollars ($409.00). Nearly sixty percent (60%) of the homes in Price were built prior to 1970.
Addressing the needs for housing, the city has identified several issues, including the need for an improved mix of housing options, more moderate income housing options, infill housing development, and more quality high density housing projects. (Ord. 2004-001, 2004)