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Table 7 -D: Vacant Housing by Type - 2010 Year City Vacant Units City Percent Vacant County Percent Vacant State Percent Vacant 2000 118 2.0% 5.5% 8.3% 2010 462 5.4% 6.7% 10.5% Source: 2007 -2011 American Community Survey 5 -Year Es tima tes Table 7 -E: Owner- Occupied Housing by Value - 2010 Value Units* Percent Sherburne State County Less than 100 1.6% 2.7% 5.6% $50,000 $50,000 to 262 4.1% 3.8% 9.2% $99,999 $100,000 to 647 10.0% 14.0% 14.3% $149,999 $150,000 to 1,578 24.5% 29.5% 20.4% $199,999 $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 Elk River Comprehensive Plan Vacancies In 2010, the City of Elk River faced an overall housing vacancy rate of 5.4 %, which is 1.3% lower than the vacancy rate for the County and 5.1 % lower than that of the State. In the year 2000, Elk River's vacancy rate was also lower than the rates of both the County and the State. From 2000 to 2010, the County vacancy rate increased just 1.2% compared to a 2.2% increase 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. Value of Housing The median value of owner- occupied housing units in Elk River in 2010 was $225,400- up 55.7% (or $80,600) from the median value in 2000 of $144,800. Most housing in Elk River is valued in the range of $200,000 to $299,999. In comparison to low and moderate valued housing, there is a relatively small choice of higher valued housing units in Elk River. The median value of owner- occupied housing in Sherburne County was $200,100 and $201,400 in the State of Minnesota. Refer to Table 7 -E: Owner - Occupied Housing by Value -2010 for additional information.