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Homes for sale in Wayzata School District

Housing And Enrollment Study Wayzata Public Schools February 2015 Dick Carlstrom, Consulting Geographer

Homes for sale in Wayzata School District

Dan Gustafson - Wayzata School District Specialist (952) 473-1000

Dan Gustafson - (952) 473-1000

Wayzata Public School District Housing and Enrollment Study

Introduction

This report details the findings of a study of the enrolled student population of the Wayzata Independent School District 284 and the role that the district’s housing stock plays in determining the structure and dynamics of that population.

The specific objectives of this study are to seek answers to the following housing/enrollment questions:

  • What role does new home construction play in shaping the district’s enrollment?
  • What are the spatial patterns of the district’s housing stock with respect to type, age and value?
  • What is the distribution and density of the enrolled students throughout the district’s neighborhoods?
  • What is the per-unit student yield of single-family housing in the district?
  • Do the numbers of enrolled students increase when single-family homes “turnover”?
  • How does the district’s K-12 student yield compare with other similar districts?
  • What role does “aging-in-place” play in the district’s demography?

Key findings

  • Recent Home Construction: Between the years 2000 and 2014 2,747 single family homes were built in the district. The student yield of these units is 0.93 students per home while the yield of all homes in the district is 0.53 students per homes for sale wayzata school district.
  • Home Sales: The 2,373 single-family homes sold in the district during January 1, 2012 to September 30, 2014, had a post-sale yield of 0.62 students per home. The overall K-12 yield in single-family homes is 0.53. Although there are differences in yield with respect to the age of the homes this does indicate that sales of single-family homes do result in a gain of new families with school-age children.
  • K-12 Density: Thirty percent of the single-family homes in the district have households with ISD 284 enrolled students, and 41 percent have households with residents “aging in place” over the age of 55.
  • K-12 Housing Type: Eighty percent of the K-12 enrolled students live in single family housing, while 10 percent live in multi-family units. Three percent of students live in condominium units, and 6 percent live in townhomes.
  • Student Yield: The districtwide student yield for single-family homes is 0.52 students per home. Yields for individual grade ranges are; 0.23 for grades K-5, 0.13 for grades 6-8, and 0.17 for grades 9-12.
  • Empty Nesters: High densities of aging-in-place households are dispersed throughout the older eastern and southern areas of the district. Because of modest median home values many of these householders without children may choose to remain in their homes rather than sell and move to a condominium or other housing alternative.
  • Projected New Development: Over the next three years the district will see the construction of more than 2,000 new single family homes and the development of more than 300 market rate apartment units.
  • Comparisons with other school districts: The district’s K-12 student yield is 0.53 students per home. This is higher than other suburban districts in the west and southwest metropolitan area. Studies conducted by the author have found that yields for other districts are; St. Louis Park (0.24), Robbinsdale (0.26), Bloomington (0.33).

Age and Value Of Homes for sale in Wayzata School District

The findings of this study are consistent with similar enrollment studies conducted in other suburban school districts built out from a larger core urban area.

In these districts, the age and value of the single-family homes is a major factor in the demographic pattern of the district. Study areas with large number of homes built before 1960 generally have lower K-12 yields, lower K-12 densities and higher percentages of households age 55+ than do areas with younger homes. This trend is similar but less pronounced for homes built during the decades of the 1960’s and 70’s. With respect to value of homes it appears that homes in the mid-value ranges have the highest student yields.

Methodology

Demographic and geographic data was obtained from the Wayzata district student information system and the Hennepin County tax and geographic information systems. From these data sources, characteristics of housing units, K-12 students and households were extracted and synthesized using geographic information system (GIS) technology. This GIS software is used to overlay student and residential characteristics onto a digital geographic representation of the school district. From this, statistics can then be developed regarding housing type and characteristics, and the distribution and density of K-12 students.

Analysis by Housing/Enrollment Study Areas

The detailed analysis of housing and demographic data was done by individual study areas, as shown in Map A.

 

homes for sale in wayzata school district

homes for sale in wayzata school district

Housing stock

The Wayzata Public School District contains a wide variety of housing types, including single-family homes, duplexes, townhomes, condominiums and apartments. Table 1 lists the counts by study area for housing types for which data is available. Because of the nature of their ownership, it is not possible to obtain comprehensive, detailed information for apartments.

The district contains 14,984 single-family homes, and 1,812 Wayzata condominium units. The district contains 122 duplex units and throughout the district are an additional 275 “subdivided” duplex units. These properties were originally duplex units that have been divided into two separate dwellings and sold separately. The district also has 1,812 townhomes.

wayzata-public-schools-unit-counts-of-major-housing-types

Age and Value of single-family housing

Analysis of the value and age of single-family housing clearly shows a pattern of older, homes in the southeastern and southern areas of the district, with higher concentrations of newer homes in the northeast and north. Table 2-1 details the median value and decade built of the single-family homes in each study area. The lowest median values are in Area 6 ($262,200) and Area 1 ($229,000). Area 3 has the highest median value, $575,000.

Thirty-one percent of the homes in Area 7, and 30 percent of the units in Area 6 were built before 1960. Area 8 has the highest percentage (86 percent) of homes built since the year 2000
Map B-1 illustrates the percentage of homes, for each study area, that were built prior to the year 1960. This map pictures the general demographic pattern in the district. Upcoming sections of this report will detail how the darker (older) areas of the district differ demographically from the lighter (younger) areas.

wayzata-public-schools-median-value-of-single-family-homes-ear-built

wayzata-public-schools-percentage-of-single-family-homes-build-pre-1960

Recent Housing Development

The construction of new single family homes has a significant impact upon the enrollment of the district. Since the year 2000 there have been 2,747 single family units built. It will be shown that these homes have much higher student yields than other housing types in the district. Map B-2 shows the distribution throughout the district of the parcels upon which new homes were built during the years 2005-2014.

Projected Development

Municipal planning officials project that in the district over the next three years there will be construction of more than 2,000 single-family homes, 314 market rate apartments 12 townhomes, 124 condominium units, and 48 twin home units. Table 2-2 details by city the types and numbers of units projected for future construction.

wayzata-public=schools-projected-housing-development-2015-2017

wayzata-public-schools-distribution-of-parcels-with-homes-built-2005-2014

Births

Table 3 lists the number of live births reported by the Minnesota Department of Health for the period from September 1, 1999 to August 31, 2014. The highest number of births during this time frame was 632 during the 1999 to 2000 school year. During this multi-year period there has been a general downward trend but with recent upticks in the 2012-13 school year (611 births) and the 2013-14 school year (598 births). Map C shows the distribution of births in the district for the years 2010-14.

wayzata-public-schools-live-births-1999-2014

Household/Structure and “aging-in-place”

Many inner and middle ring suburban communities are seeing the phenomenon of “aging-in-place” in which parents of children who have grown and moved away remain in their homes for their post-child-rearing years. These residents are commonly referred to as “empty nesters.” Many districts are now concerned about the increase in the numbers of these aging-in-place households because by remaining in their homes, they limit the number of single-family homes available to young families with school-age children. Of particular concern are those aging-in-place households living in the more modestly priced single-family homes. Householders in a home with a lower value may be very hesitant to sell and move because the proceeds from their home sale may not be adequate to allow them to purchase a condominium or townhouse of their liking. Thus, residents in lower-value homes may be less mobile than those in higher-value properties.

One method of trying to understand this phenomena in a particular school district is to use voter data to determine the number of homes with aging-in-place households. Table 4 lists the number of households residing in single-family detached homes that have at least one person over the age of 55 who is registered to vote. This then is an indicator of the number of aging-in-place households. Voter records such as these can be a reliable indicator of demographic patterns since the percentage of individuals over the age of 55 who are registered to vote is quite high. The table also lists the number of homes in which children of school age reside.

wayzata-public-schools-distribution-of-households-with-at-least-one-birth-2010-2014

wayzata-public-schools-with-registered-voters-age-55-plus

Table 4 shows that 30 percent of the single-family homes in the district have households with district-enrolled K-12 children and 41 percent have households with residents who are over the age of 55 and registered to vote. Areas 7 and 6 have the highest percentage of these older households with 51 percent and 49 percent respectively. The area with the highest percentage of homes with enrolled students in area 2 (60 percent. Areas 5 and 7 had the lowest proportions of homes with enrolled children with 18 percent and 9 percent respectively.

Median property values can shed light on the mobility of the aging-in-place households identified above. Although it does not have the highest percentages of aging-in-place households, Area 6 has 49 percent of its households to be aging-in-place. This area also has a low median home value of $262,600. These lower values will quite likely be a barrier to residents selling their homes and therefore opening those units up for younger families with school-age children. Map D shows the percentages by study area of registered voters over the age of 55.

wayzata-public-schools-voters-age-55

K-12 students and housing type

Where students live and the type of housing they live in is detailed in Table 5. By far, the largest proportion (80 percent) of enrolled students live in single-family homes. Three percent live in condominium units. Apartment dwellers account for 10 percent, and those living in Wayzata School District townhomes make up 6 percent. Areas 1 and 3 had the highest percentage of K-12 students in single-family homes each with 100% of students in single family units. Area 8 (63 percent) and 9 (72 percent) had the lowest. Area 9 had the highest proportion of students in apartments, with 20 percent. Map E pictures the percentage, by attendance area, of homes with K-12 students residing within.

wayzata-public-schools-housing-type-of-resident-enrolled

wayzata-public-schools-percentage-of-single-family-homes-with-enrolled-students

K-12 student yield of single-family housing

Table 6 illustrates the K-12 student yields for the single-family homes in the district. The districtwide student yield for single-family homes is 0.53. With respect to specific study areas, the highest yield is found in Area 2 (1.04 students). The lowest yields are found in Area 1 (0.28 students), and Area 7 (0.33 students). The highest K-5 yield is in Area 8 (0.54 students). Area 2 (0.11 students) and Area 7 (0.13 students) have the lowest K-5 yields. Map F pictures the K-12 student yields for the individual study areas.

wayzata-public-schools-yield-of-k12-students-in-single-family-homes

wayzata-public-schools-yield-of-k12-map

K-12 student yield in single family homes by era built

Table 7 details the yields of K-12 enrolled students in single family homes classified by era built. Homes built prior to 1960 had a K-12 yield of 0.25 students per home, while single family units built since 2000 had a yield of 0.93.

wayzata-public-schools-yield-of-k12-students-by-era

K-12 student yield in single family homes by value classification

Table 8, lists the yields of single family homes by four classifications of estimated market values. Higher valued homes exhibit higher yields than do single-family units in lower ranges. This is consistent with other districts with homes of similar age and style. Tables 9 and 10 show yields for grade ranges K-5 also by era built and value class. Results here are similar to tables 7 and 8.

wayzata-public-schools-yield-by-value

wayzata-public-schools-yield-k5-by-era

wayzata-public-schools-yield-k5-by-value

Sales of single-family homes and resulting student yield / homes for sale in wayzata school district

Table 11 shows the number of single-family homes that were sold in each area between January 1, 2012, and September 30, 2014. During that period, 2,373 (16 percent) of the district’s single-family homes were sold. Area 8 showed the highest percentage of homes sold. Areas 6, 9, and 10 all had the lowest percentage of homes sold (11 percent). Tables 12 and 13 break out the sales by year built and value classification. Map G portrays the percentage of homes sold by study area.

The role of home sales in enrollment change is detailed in Table 14. For the time frame cited above, the table shows the yields of enrolled students in the homes sold post sale. As has been stated, on a district wide basis, the K-12 student yield in single family homes is 0.53 students per home. After the sales, the yield was 0.62. This indicates that home sales in the district are resulting in an enrollment increase.

wayzata-public-schools-single-family-homes-sold

wayzata-public-schools-sales-single-family-homes-by-era

wayzata-public-schools-sales-single-family-homes-by-value

wayzata-public-schools-percent-of-single-family-homes-sold-jan-2012-sep-2014

Table 15 details the yields of K-5 students in the homes sold. K-5 student yield in the district overall is 0.23. The K-5 yield in homes sold is 0.39 indicating gain from the home sales. Conmparing the areas, Areas 6 and 7 showed lower yields while 2, 3 and 8 exhibit higher yields from home sales.

Tables 16 and 17 show sales and yields for homes sold by era built and value class. Homes built pre-1960 had the lowest post sale yield of 0.29. The highest yield by era built is 0.83 for the post 2000 period. The mid-range valued homes had the highest post sale yield of the four value ranges.

table-15

table-16

table-17

Socioeconomic patterns

Maps H and I portray, respectively, the distribution throughout the district of students eligible for free and reduced priced lunches, and English language learners.

map-h

map-i

Additional info: Wayzata School District Map / Wayzata Real Estate


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  1. Photo of 15602 60th Avenue N, Plymouth, MN 55446 (MLS # 4835453)
    24
    3 beds,  1 full, 1 three-quarter, 1 half baths
    1,772 sqft   lot 1,306 sqft
    Listed with BRIX Real Estate
    MLS 4835453
  2. Photo of 16732 N 56th Ave Avenue N, Plymouth, MN 55446 (MLS # 4835405)
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    4 beds,  2 full, 1 half baths
    2,725 sqft   lot 13,068 sqft
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  3. Photo of 5525 Queensland Lane N, Plymouth, MN 55446 (MLS # 4835352)
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    4 beds,  2 full, 1 half baths
    2,951 sqft   lot 16,988 sqft
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    MLS 4835352
  4. Photo of 16630 61st Avenue N, Plymouth, MN 55446 (MLS # 4835345)
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    Open House
    5 beds,  2 full, 2 three-quarter, 1 half baths
    4,491 sqft   lot 14,810 sqft
    Listed with Coldwell Banker Burnet
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  5. Photo of 5795 Juneau Lane N, Plymouth, MN 55446 (MLS # 4835230)
    18
    5 beds,  3 full, 1 three-quarter, 1 half baths
    3,941 sqft   lot 19,166 sqft
    Listed with RE/MAX Advantage Plus
    MLS 4835230
  6. Photo of 15360 60th Avenue N, Plymouth, MN 55446 (MLS # 4835179)
    18
    3 beds,  2 full, 1 half baths
    1,763 sqft   lot 1,742 sqft
    Listed with Counselor Realty, Inc.
    MLS 4835179
  7. Photo of 12260 24th Avenue N, Plymouth, MN 55441 (MLS # 4835126)
    24
    2 beds,  1 full bath
    816 sqft   lot 16,552 sqft
    Listed with Coldwell Banker Burnet
    MLS 4835126
  8. Photo of 1406 Holdridge Lane, Wayzata, MN 55391 (MLS # 4834999)
    15
    0 beds,  0 baths
    lot 31,363 sqft
    Listed with Edina Realty, Inc.
    MLS 4834999
  9. Photo of 533 Maple Square, Wayzata, MN 55391 (MLS # 4835001)
    19
    0 beds,  1 bath
    2,352 sqft   lot 12,632 sqft
    Listed with Keller Williams Integrity RE
    MLS 4835001
  10. Photo of 790 Navajo Road W, Medina, MN 55340 (MLS # 4835046)
    24
    5 beds,  1 full, 4 three-quarter, 1 half baths
    8,051 sqft   lot 3.59 ac
    Listed with Coldwell Banker Burnet
    MLS 4835046
  11. Photo of 3175 S Cypress Circle, Medina, MN 55340 (MLS # 4835038)
    5
    5 beds,  2 full, 2 three-quarter, 1 half baths
    4,476 sqft   lot 10,890 sqft
    Listed with Lennar Sales Corp
    MLS 4835038
  12. Photo of 1300 Oakview Road, Medina, MN 55356 (MLS # 4835009)
    23
    4 beds,  3 full, 1 half baths
    5,424 sqft   lot 4.63 ac
    Listed with Edina Realty, Inc.
    MLS 4835009
  13. Photo of 17410 29th Avenue N, Plymouth, MN 55447 (MLS # 4835003)
    24
    Open House
    4 beds,  1 full, 2 three-quarter, 1 half baths
    3,896 sqft   lot 17,424 sqft
    Listed with RE/MAX Results
    MLS 4835003
  14. Photo of 3009 Basswood Road, Medina, MN 55340 (MLS # 4835081)
    24
    5 beds,  2 full, 2 three-quarter, 1 half baths
    5,047 sqft   lot 10,018 sqft
    Listed with Lennar Sales Corp
    MLS 4835081
  15. Photo of 16005 58th Place N, Plymouth, MN 55446 (MLS # 4834668)
    24
    5 beds,  3 full, 1 three-quarter, 1 half baths
    5,055 sqft   lot 17,424 sqft
    Listed with Fazendin REALTORS
    MLS 4834668
  16. Photo of 6238 Shadyview Lane N, Maple Grove, MN 55311 (MLS # 4834769)
    23
    3 beds,  2 full, 1 three-quarter baths
    2,880 sqft   lot 6,534 sqft
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    MLS 4834769
  17. 4 beds,  2 full, 2 three-quarter baths
    2,225 sqft  
    Listed with Century 21 Premier Group
    MLS 4834764
  18. Photo of 12410 26th Avenue N, Plymouth, MN 55441 (MLS # 4834744)
    18
    3 beds,  1 full, 1 half baths
    1,677 sqft   lot 15,246 sqft
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  19. Photo of 5055 Holly Lane N, Unit 1, Plymouth, MN 55446 (MLS # 4834480)
    18
    2 beds,  2 full, 1 half baths
    1,575 sqft  
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  20. Photo of 4539 Trillium Drive S, Medina, MN 55340 (MLS # 4834477)
    22
    Open House
    5 beds,  3 full, 1 three-quarter, 1 half baths
    5,803 sqft   lot 17,424 sqft
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    MLS 4834477
  21. Photo of 4420 Harbor Lane N, Plymouth, MN 55446 (MLS # 4834440)
    24
    3 beds,  1 full, 2 three-quarter, 1 half baths
    3,720 sqft   lot 13,068 sqft
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  22. Photo of 1195 Xene Lane N, Plymouth, MN 55447 (MLS # 4834416)
    19
    2 beds,  1 full bath
    986 sqft   lot 4,356 sqft
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  23. Photo of 620 Niagara Lane N, Plymouth, MN 55447 (MLS # 4834179)
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    5 beds,  2 full, 2 three-quarter, 1 half baths
    4,100 sqft   lot 23,522 sqft
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  24. Photo of 2401 Cherrywood Road, Minnetonka, MN 55305 (MLS # 4833993)
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    5 beds,  2 full, 1 three-quarter, 1 half baths
    3,622 sqft   lot 23,086 sqft
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  25. Photo of 15844 50th Avenue N, Plymouth, MN 55446 (MLS # 4833710)
    24
    3 beds,  2 full, 1 three-quarter, 1 half baths
    3,912 sqft   lot 8,712 sqft
    Listed with RE/MAX Results
    MLS 4833710
  26. Photo of 6299 Upland Lane, Maple Grove, MN 55311 (MLS # 4833685)
    17
    2 beds,  1 full, 1 three-quarter, 1 half baths
    2,035 sqft  
    Listed with Coldwell Banker Burnet
    MLS 4833685
  27. Photo of 3985 Zanzibar Lane N, Plymouth, MN 55446 (MLS # 4833449)
    24
    5 beds,  2 full, 1 three-quarter, 1 half baths
    3,358 sqft   lot 17,424 sqft
    Listed with Keller Williams Classic Rlty NW
    MLS 4833449
  28. Photo of 16315 42nd Avenue N, Plymouth, MN 55446 (MLS # 4833479)
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    4 beds,  1 full, 1 three-quarter, 1 half baths
    3,360 sqft  
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    MLS 4833479
  29. Photo of 625 Vicksburg Lane N, Plymouth, MN 55447 (MLS # 4833402)
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    Open House
    5 beds,  1 full, 2 three-quarter, 1 half baths
    4,278 sqft   lot 2.30 ac
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    MLS 4833402
  30. Photo of 327 Cherry Hill Trail, Medina, MN 55340 (MLS # 4833244)
    20
    4 beds,  2 full, 1 half baths
    2,558 sqft   lot 11,020 sqft
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    MLS 4833244
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Wayzata Listings

1406 Holdridge Lane

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533 Maple Square

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205 Barry Avenue S, Unit 111

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110 Gleahaven Road

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520 Indian Mound Street, Unit 3B

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1240 Arbor Street

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15004 Mcginty Road W

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110 S Minnetonka Avenue

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250 Bushaway Road

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524 Rice Street E

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520 Rice Street E

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1058 E Circle Drive

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1052 E Circle Drive

Wayzata, MN

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972 E Shady Lane

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875 Lake Street N, Unit 204

Wayzata, MN

  • 2 Beds
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  • $1,350,000

875 Lake Street N, Unit 316

Wayzata, MN

  • 1 Beds
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  • 1110 sq ft
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460 Highcroft Road

Wayzata, MN

  • Beds
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686 Ferndale Road W

Wayzata, MN

  • 4 Beds
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641 Harmony Circle

Wayzata, MN

  • Beds
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  • 0 sq ft
  • $295,000

1414 Holdridge Circle

Wayzata, MN

  • 5 Beds
  • 2 Baths
  • 2578 sq ft
  • $649,999

114 Edgewood Court

Wayzata, MN

  • 3 Beds
  • 4 Baths
  • 2500 sq ft
  • $650,000

601 Bushaway Road

Wayzata, MN

  • 5 Beds
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215 Barry Avenue S, Unit 119

Wayzata, MN

  • 2 Beds
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Wayzata, MN

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Wayzata, MN

  • 2 Beds
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105 E Lake Street, Unit 305

Wayzata, MN

  • 2 Beds
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105 E Lake Street, Unit 102

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  • 2 Beds
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259 E Lake Street, Unit 208

Wayzata, MN

  • 1 Beds
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875 Lake Street, Unit 203

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1239 La Salle Street

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184 Westwood Lane

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370 Ferndale Road W

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  • 4 Beds
  • 6 Baths
  • 5516 sq ft
  • $3,649,000

105 E Lake Street, Unit 301

Wayzata, MN

  • 4 Beds
  • 3 Baths
  • 4000 sq ft
  • $2,399,000

430 Ferndale Road W

Wayzata, MN

  • 6 Beds
  • 15 Baths
  • 18649 sq ft
  • $9,449,000