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HOUSING CHARACTERISTICS <br /> Housing Units by Occupancy Status & Tenure <br /> Tenure is a key variable that analyzes the propensity for householders to rent or own their <br /> housing unit. Tenure is an integral statistic used by numerous governmental agencies and <br /> private sector industries to assess neighborhood stability. Table HC-4 shows historic tenure <br /> trends for 2000 and with estimates for 2015 and projections 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 slightly due to an increased <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 vacant occupied <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/Occupancy No. Pct. <br /> 2000 <br /> Owner Occupied 4,431 76.6 <br /> Renter Occupied 1,233 21.3 <br /> Vacant 118 2.0 <br /> Total 5,782 100.0 <br /> 2010 <br /> Owner Occupied 6,478 75.8 <br /> Renter Occupied 1,602 18.8 <br /> Vacant 462 5.4 <br /> Total 8,542 100.0 <br /> 2015 <br /> Owner Occupied 6,650 77.9 <br /> Renter Occupied 1,703 19.9 <br /> Vacant 457 5.4 <br /> Total 8,810 103.1 <br /> 2020 <br /> Owner Occupied 7,012 75.4 <br /> Renter Occupied 1,790 19.2 <br /> Vacant 495 5.3 <br /> Total 9,297 100.0 <br /> Sources:U.S.Census Bureau;ESRI;Maxfield Research&Consulting,LLC <br /> MAXFIELD RESEARCH&CONSULTING,LLC. 37 <br />