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Elk River Comprehensive Plan Table 7-D: Vacant Housing by Type - 2010 Vacancies Year City City County State In 2010, the City of Elk River faced an overall housing Vacant Percent Percent Percent vacancy rate of 5.4%, which is 1.3% lower than the Units Vacant Vacant Vacant vacancy rate for the County and 5.1% lower than that 2000 118 2.0% 5.5% 8.3% of the State. In the year 2000, Elk River's vacancy rate was also lower than the rates of both the County and 2010 462 5.4% 6.7% 10.5% the State. From 2000 to 2010, the County vacancy Source: 2007-2011 American Community Survey 5-Year rate increased just 1.2% compared to a 2.2% increase Estimates statewide. Elk River experienced a 3.4% increase during this same time period. This can partly be explained by the fact that the number of housing units in the City increased by 46.4% during this time and the housing market experienced a significant decline. Refer to Table 7-D: Vacant Housing by Type-2010 for additional information. Table 7-E: Owner-Occupied Value of Housing Housing by Value - 2010 The median value of owner-occupied housing Value Units* Percent Sherburne State units in Elk River in 2010 was $225,400- up County 55.7% (or $80,600) from the median value in Less than 100 1.6% 2.7% 5.6% 2000 of $144,800. Most housing in Elk River is $50,000 valued in the range of $200,000 to $299,999. In comparison to low and moderate valued housing, $50,000 to 262 4.1% 3.8% 9.2% there is a relatively small choice of higher valued $99,999 housing units in Elk River. The median value of $100,000 to 647 10.0% 14.0% 14.3% owner-occupied housing in Sherburne County $149,999 was $200,100 and $201,400 in the State of $150,000 to 1,578 24.5% 29.5% 20.4% Minnesota. Refer to Table 7-E: Owner-Occupied $199,999 Housing by Value -2010 for additional information. $200,000 to 2,282 35.4% 32.4% 27.5% $299,999 $300,000 to 1,430 22.2% 15.7% 16.5% $499,999 $500,000 to 128 2.0% 1.8% 5.5% $999,999 $1,000,000 or 23 0.4% 0.2% 1.0% More Median Value 225,400 x $200,100 $201,400 Total 6,450 100% 100% 100% Source: U.S. Census Bureau, 2007-2011 American Community Survey *Owner occupied units 72 / Chapter 7: Housing