Significant Findings from the 2022 Lake of the Ozarks Housing Study
The housing market has an impact on so many other things regarding economic development at the Lake of the Ozarks. As rising costs in rent and housing lead to less availability, our ability to house the number of employees needed to service the area is challenged which can be a detriment to small businesses at the Lake of the Ozarks. Addressing the housing challenges specific to the lake area is of utmost priority. In order to do so, we need data to know how to be most effective in targeting the most urgent housing needs. The 2022 Housing Study was done to provide that kind of data. You can find the full report on the Demographics and Statistics page of our website. We will share a few takeaways from the report here in this blog.
This report can be used by several groups and individuals, including, but not limited to:
• Housing professionals, including developers, builders, real estate agents, and financial
institutions who make decisions that influence the supply and construction of housing,
• Existing and prospective businesses, including entrepreneurs, who use housing supply to
influence their investment decisions,
• Consumers, prospective residents, and a wide variety of other users.
• Economic and community development organizations such as LOREDC, Lebanon Regional
Economic Development, The Lake of the Ozarks Council of Local Governments, the Lake Area
Community Development Corporation (LACDC), and other groups who make public policy,
conceive, and execute programs, recruit housing developers and investors, and seek private and
public funding to address housing issues,
• Service providers who serve a specific population and need data to support their work and
evaluate effectiveness,
• Local and County governments, and other legislative bodies, to establish priorities, develop
proposals, establish plans or incentives affecting housing
Significant Findings:
The total demand for housing across the Lake region includes:
• 5,000 units over the next 5 plus years
• 2,500 single family homes throughout all four counties
Workforce affordable housing
• 1,250 units under $200,000
• 1,250 units $200,000. -$325,000
Apartments
• 2,000 units total 5 years
Lake of the Ozarks Regional Housing Study Update - March 31, 2022:
The Lake area region continues to have a demand for adequate housing to meet the variety of needs,
including:
• Single Family owner-occupied and rental housing,
• Multi-family apartments and other configurations,
• Senior (Over 50) Housing and Communities.
Where Additional Information Can Be Obtained
• Lake Area Community Development Corp – Mr. Richard Ross
573-286-0015 PO Box 441 Gravois Mills, MO 65037
• Boards of Realtors
• Bagnell Dam Association of Realtors www.MissouriRealtor.org
• Lake of the Ozarks Board of Realtors www.LOBR.net
• Ozarks Board of Realtors www.OzarksBoardofRealtors.org
• Lake of the Ozarks Council of Local Governments www.LOCLG.org
More Details to Come from Lake of the Ozarks Regional Economic Council
Look out for next month’s blog. We will share some more specifics from the significant findings regarding where we stand and where we need to be. We hope you found this blog helpful and take the time to explore the rest of the report. It is a data rich document that provides a lot of insight regarding the most pressing problem of housing at the Lake of the Ozarks. If you would like to stay in touch and hear more helpful information from LOREDC, be sure to use the links below to follow us on your favorite social media platforms. You can also scroll to the bottom of our home page and sign up to receive email alerts to stay in the know.
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