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HOUSING CHARACTERISTICS <br /> Housing Units by Occupancy Status & Tenure <br /> Tenure is a key variable that analyzes the propensity for householders to rent or own their <br /> housing unit. Tenure is an integral statistic used by numerous governmental agencies and <br /> private sector industries to assess neighborhood stability. Table HC-4 shows historic tenure <br /> trends for 2000 and 2010 (5-year American Community Survey) with projections for 2017 (ESRI, <br /> with adjustment by Maxfield Research). Key findings follow. <br /> • Even though both owner- and renter-occupied housing units increased substantially over <br /> the decade, their percentage of total housing units decreased slightly due to an increased <br /> number of vacant units. Owner-occupied units decreased from 77% in 2000 to 76% in 2010 <br /> and renter-occupied units from 21% to 19%. Consequently, the number of vacant occupied <br /> units was only 2% in 2000 while increasing to 5% in 2010. Projections through 2017 indicate <br /> a continued trend of decreased owner-occupied housing and increasing vacant units. <br /> TABLE HC-4 <br /> HOUSING UNITS BY OCCUPANCY STATUS&TENURE <br /> ELK RIVER <br /> 2000 to 2017 <br /> Elk River <br /> Year/Occupancy No. Pct. <br /> 2000 <br /> Owner Occupied 4,431 76.6 <br /> Renter Occupied 1,233 21.3 <br /> Vacant 118 2.0 <br /> Total 5,782 100.0 <br /> 2010 <br /> Owner Occupied 6,478 75.8 <br /> Renter Occupied 1,602 18.8 <br /> Vacant 462 5.4 <br /> Total 8,542 100.0 <br /> 2017 <br /> Owner Occupied 6,761 74.7 <br /> Renter Occupied 1,756 19.4 <br /> Vacant 539 6.0 <br /> Total 9,056 100.0 <br /> Sources: U.S.Census Bureau; ESRI; Maxfield Research Inc. <br /> The percentages in Table HC-4 compared to Table D-6 on Page 23 are due to the additional of <br /> vacant unit totals. Table D-6 does not account for vacant units and thus percentages are <br /> slightly different. In addition, 2010 totals are also different as Table D-6 data for 2010 is from <br /> the American Community Survey and Table HC-4 2010 data is from the U.S. Census. <br /> MAXFIELD RESEARCH INC. 39 <br />