Housing Stock & Future Demand

Demographic forecasts reveal a looming gap in the County’s housing supply (see Table 12). While only 32% of Prince George’s housing stock is multifamily, demand for this housing type-driven by the housing preferences of seniors and the Millennial generation (people currently aged 18 to 30)-is projected to reach 61%. This housing disconnect is expected to worsen; the overwhelming majority of units in the County’s pipeline are single-family. Failure to address this trend will weaken the County’s ability to compete for critical new employers and workers.