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DEMOGRAPHIC ANALYSIS <br />Population and Household Growth Trends and Projections <br />The following graphs show population and household growth trends <br />from 1990 to 2025. Table D-1 presents data from 1990 to 2010 from the U.S. Census with <br />projections to 2025adjusted by Maxfield Research and Consulting LLCbased on data from local <br />building permit data, ESRI (a nationally recognized demographics provider), and the Minnesota <br />Department of Administration/Office of Geographic and Demographi <br />According to the U.S. Census Bureau, the City of Elk River conta <br />8,080 households in 2010. Over the last decade, the Elk Rivers <br />significantly. Through 2010, the population increased by over 6, while its <br />household base grew by over 2,400 households (43%). <br />Elk River <br />Population Trends <br />1990 - 2020 <br />1990 <br />30,000 <br />2000 <br />25,000 <br />2010 <br />25,632 <br />20,000 <br />2020 <br />24,576 <br />22,974 <br />2025 <br />15,000 <br />10,000 <br />16,447 <br />11,143 <br />5,000 <br />0 <br /> <br />Based on our review of growth trend projections for Elk River, c <br />building permit history, we project that Elk River will continue to see growth through <br />but at a much lesser rate than the past two decadesdue to the Recession and slowdown in <br />the housing market.Between 2010 and 2020, the City of Elk River is projected to addnearly <br />2,100 persons (9%) and 850 households (10.5%). <br />Elk River Study Area <br />Household Trends <br />1990 <br />1990 - 2020 <br />10,000 <br />2000 <br />2010 <br />9,253 <br />8,000 <br />8,822 <br />2020 <br />8,080 <br />6,000 <br />2025 <br />5,664 <br />4,000 <br />3,732 <br />2,000 <br />0 <br /> <br />8 <br />MAXFIELD RESEARCH & CONSULTING, LLC. <br /> <br />