HomeMy WebLinkAbout230727_PlanRexburg_PlanChangesMemoPage 1 of 2
PLAN REXBURG
DOCUMENT CHANGES, 27 JULY 2023
MEMO OF DOCUMENT CHANGES FROM THE “REVISED DRAFT FOR JULY 26, 2023 JOINT
WORKSESSION” TO THE “PLANNING & ZONING COMMISSION PUBLIC HEARING DRAFT, AUGUST 17,
2023”
1. PAGE 10, POPULATION PROJECTIONS SOURCE CLARIFICATION
POPULATION PROJECTIONS
Recent population projections conducted as part of the 2022 Madison County Transportation Master
Plan (TMP) update indicate that from 2021 to 2048, the County’s total population will grow by 87%.
These projections are based off the TMP’s existing and projected Transportation Analysis Zones
(TAZs) and include estimates for both housing units and jobs. Assuming a slow downslowdown of
the historic growth rate, the population could be projected at 73,000 in 2048. This projection helps in
planning future infrastructure to serve the future population.
2. PAGE 13, UPDATED HOUSING VALUES
AFFORDABILITY
In 2023, home values were highest in Rexburg ($403,737) and Moscow ($443,284) in comparison to
Idaho Falls and Pocatello.
In 2020, while Rexburg had the lowest income amongst peer communities (potentially driven by the
large student population), home values were highest in Rexburg ($221,700) and Moscow ($240,500) in
comparison to Idaho Falls and Pocatello.
(Note, graphic changed to reflect this number).
Typical Home Value in Rexburg
$403,737
Source: Zillow, Home Value Index (ZHVI), June 30, 2023
COST-BURDENED HOUSEHOLDS
(Note: The Median Value line within the table has been updated with Zillow, Q2 2023 Numbers, and Source updated
with that information.)
Typical Home Value
Median Value of
Owner-Occupied Housing Units
$403,737
$221,700 $374,461 $179,600 $443,284
$240,500
$319,580
$154,000
Source: ACS 5-Year Estimate, 2020; Median Value of Owner-Occupied Housing Units Source: Zillow, Q2 2023
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3. PAGE 17, BYU-IDAHO OPENING CLARIFICATION
BRIGHAM YOUNG UNIVERSITY-IDAHO
Growth and Economic Driver
Growing from 9,000 annual students, when Ricks College transitioned to BYU-Idaho in 2001when the
university first opened in 2001, to 20,000 students today, has resulted in accompanying population
growth for faculty and support staff, as well as increased need for goods and services which have had
the multiplier effect of generating additional jobs in the community.
4. PAGE 53, LAND USE MAP CHANGES
MAP 5. FUTURE LAND USE
Two land use map changes were made to change Intermediate Residential to Low Residential:
Old Map Version, highlighting changed areas in red dashed boxes:
Revised Map Version: