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DEMOGRAPHIC ANALYSIS <br /> Introduction <br /> This section of the report examines factors related to the current and future demand for for- <br /> sale and renter-occupied housing in Elk River, Minnesota. It includes an analysis of population <br /> and household growth trends and projections, employment data, projected age distribution, <br /> household income data and household tenure data for Elk River. A review of these <br /> characteristics provides insight into the demand for various types of housing in Elk River over <br /> the next decade. <br /> Elk River Study Area Definition <br /> The draw area for determining current and future housing demand in the City of Elk River is <br /> based on traffic pattern orientation, proximity to other communities, interviews with local <br /> officials and community stakeholders, natural and manmade geographic barriers, and our <br /> knowledge of the draw areas for housing. The Study Area is defined as Elk River proper. <br /> Elk River <br /> nyhsgr 16RW <br /> Lh <br /> Nuwth rit <br /> of <br /> r <br /> csm Sea <br /> 1:..d aec NW <br /> ry <br /> 406 St, <br /> r : <br /> 3t r <br /> 'WE 2 4r <br /> n 't rrn' E <br /> Albertville <br /> tkr <br /> Wry s _ <br /> 2e, <br /> MAXFIELD RESEARCH&CONSULTING,LLC. 6 <br />