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DEMOGRAPHIC ANALYSIS Roommate households had the second highest rate of growth in Elk The number of roommates grew by a 55%, or 160 households. This, however, was lowest numerical increase of all groups. This reflects the tren together before marriage and delaying having children until late non-family households rooming up and sharing housing costs during Tenure by Income The following graph shows the number of renter households in Elk 2000 and 2013(5-year American Community Survey estimates). The data provided in-6 is useful in that shows the housing options and preferences for affordability. The Department of Housing and Urban Development housing as not exceeding 30% of the households income. It is important the higher the income, the lower percentage a household typicall lower income households, as well as many young and senior househnd more than 30% of their income, while middle-aged households in their prime earning years typically allocate 20% to 25% of their income. As income increases, so does the rate of homeownership. The 2013 estimates for Elk River indicates that 89% of those households earning $50,000 or more owned homes compar to 56% for households with incomes between $35,000 and $49,999, 54% with incomes of $25,000 to $34,999, and 50% of households with incomes of $24,999 or less owned their housing. Many of these lower-income homeowners are seniors who live on fixed incomes but have paid off of their mortgage. Although, many of the lower-income households rent their housing, the largest number of renters (397households or roughly 22% of all renters) have incomes between $35,000 and $49,999followedclosely by those with incomes from $50,000 to $74,999 (374 households or 21% of all renters). Should these households allocate 25% of their income on housi they could afford monthly rents of roughly $730 to $1,550 per month. The incomes near $35,000 could afford rents offered at most rental developments i incomes could afford rents that are significantly higher than the rents at most market-rate apartment units in Elk River. Typically, renter households with incomes of $20,000 or less qua- subsidized housing, where rents are often based on sliding scale (30% of income). Based on a 30% allocation of income, these households could afford monthl $500. As of 2013, there were 312 households in Elk River with incomes of $20,000 or less renting their housing. 18 MAXFIELD RESEARCH & CONSULTING, LLC.