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HOUSING CHARACTERISTICS <br />Housing Units by Occupancy Status & Tenure <br />Tenure is a key variable that analyzes the propensity for househ <br />housing unit. Tenure is an integral statistic used by numerous <br />private sector industries to assess neighborhood stability.TableHC-4 shows historic tenure <br />trends for 2000 andwithestimates for 2015 andprojections for 2020(ESRI, with adjustment by <br />Maxfield Research). <br />Even though both owner- and renter-occupied housing units increased substantially over <br />the decade, their percentage of total housing units decreased sl <br />number of vacant units. Owner-occupied units decreased from 77% in 2000 to 76% in 2010 <br />and renter-occupied units from 21% to 19%. Consequently, the number of vac <br />units was only 2% in 2000 while increasing to over 5% in 2010. Projections through 2020 <br />indicate a stabilization of owner-occupied housing and vacant units. <br />TABLE HC-4 <br />HOUSING UNITS BY OCCUPANCY STATUS & TENURE <br />ELK RIVER <br />2000 to 2020 <br />Elk River <br />Year/OccupancyNo.Pct. <br />2000 <br />Owner Occupied76.6 <br />4,431 <br />Renter Occupied21.3 <br />1,233 <br />Vacant2.0 <br />118 <br />Total100.0 <br />5,782 <br />2010 <br />Owner Occupied75.8 <br />6,478 <br />Renter Occupied18.8 <br />1,602 <br />Vacant5.4 <br />462 <br />Total100.0 <br />8,542 <br />2015 <br />Owner Occupied77.9 <br />6,650 <br />Renter Occupied19.9 <br />1,703 <br />Vacant5.4 <br />457 <br />Total103.1 <br />8,810 <br />2020 <br />Owner Occupied75.4 <br />7,012 <br />Renter Occupied19.2 <br />1,790 <br />Vacant5.3 <br />495 <br />Total100.0 <br />9,297 <br />Sources: U.S. Census Bureau; ESRI; Maxfield Research & Consultin <br /> <br />37 <br />MAXFIELD RESEARCH & CONSULTING, LLC. <br /> <br />