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DEMOGRAPHIC ANALYSIS <br />Elk River <br />Renters by Age of Householder - 2010 <br />500100% <br />No. of Renters <br />40080% <br />396 <br />Pct. Renters <br />59.4% <br />30060% <br />37.3% <br />27.8% <br />281 <br />157 <br />251 <br />20040% <br />15.4% <br />16.4% <br />12.9% <br />12.7% <br />155 <br />10020% <br />241 <br />121 <br />00% <br />Age of Householder <br />Between 2000 and 2010, the number of renter households increased <br />Over the decade, the number of renters increased at a growth rat <br />number of rental units developed through 2010, its clear that the number of-family <br />rental homes has also increased due to the economy and decline i <br />Household Type <br />The following graph shows the breakdown of the type of household <br />2010. Table D-5 illustrates the data which is useful in assessing housing dema <br />household composition often dictates the type of housing needed rred. <br />From 2000 to 2010, Elk River observed the largest numerical incr <br />families that are married without children (830 households, or 5 <br />households married without children can be attributed to couplesger to have <br />children, and the baby boomers aging into empty nester years. <br />Persons Living Alone experienced the second highest numerical in <br />(highest growth rate of 62.5%) in Elk River during the 2000s. T <br />senior population. As the frailty level of these seniors increa <br />their homes in pursuit of housing with services. However, the r <br />seniors, and their fears of the market can be affecting their deons to move out of the <br />homes and into age-restricted housing. <br />Elk River also had significant increases in single-parent households (a gain of 378 <br />households, or 51%). With only one income, these families are m <br />affordable or modest housing, both rental and for-sale. <br />15 <br />MAXFIELD RESEARCH & CONSULTING, LLC. <br /> <br />