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INFORMATION HRSR 03-24-2003
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INFORMATION HRSR 03-24-2003
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City Government
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HRSR
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3/24/2003
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Ci of Elk River Housing Plan U'dated Janua 2003 <br /> Gross Rent <br /> Information was also available from the 2000 Census on gross rent paid per month by renter <br /> occupied housing units, which is illustrated in Table 15. According to the Census the median <br /> gross rent paid was $592 per month. Nearly 70% of households in Elk River pay between $500 <br /> and $749 per month for rent. The second largest segment are those paying $300 to $499 per <br /> month at 9.4%. <br /> Table 15 <br /> City of Elk River <br /> Gross Rent <br /> Rent Number Percent <br /> Less than$200 72 5.9% <br /> $200 to $299 71 5.8% <br /> $300 to $499 114 9.4% <br /> $500 to $749 846 69.6% <br /> $750 to $999 95 7.8% <br /> $1,000 or more 17 1.4% <br /> No cash rent 0 0.0% <br /> Total 1,215 100.0% <br /> • Source: 2000 Census <br /> Information was also available from the Census on gross rent as a percentage of household <br /> income in 1999. Housing is usually considered affordable if households pay no more than 30% <br /> of their income towards housing. In the City of Elk River, approximately 37.2% of renter- <br /> occupied households pay 30% or more of their income for rent. This is higher than Sherburne <br /> County at 32.2% and the State of Minnesota at 35%. <br /> Some programs define 35% as an affordable percentage of housing costs from income. For Elk <br /> River 29.5% of tenants pay 35% or more of their income for rent compared to 25.8% in <br /> Sherburne County and 27.1% in Minnesota. <br /> 28 <br />
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