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HOUSING CHARACTERISTICS <br /> Table HC-6 presents data on housing values summarized by nine price ranges. Housing value <br /> refers to the estimated price point the property would sell if the property were for sale. For <br /> single-family and townhome properties, value includes both the land and the structure. For <br /> condominium units, value refers to only the unit. <br /> • Over one-third of the owner-occupied housing stock in Elk River is estimated to be valued <br /> between $200,000 and $299,999 (36%). <br /> • The median and average owner-occupied home in Elk River is $206,300 and $224,226, <br /> respectively. Twenty-three percent of the Elk River's home values are valued under <br /> $150,000. <br /> TABLE HC-6 <br /> UNITS BY VALUE <br /> ELK RIVER <br /> 2013(5-Year Estimate) <br /> Elk River I= MN <br /> Home Value No. Pct. Pct. Pct. <br /> Less than$50,000 91 1.5 3.5 6.1 <br /> $50,000-$99,999 372 6.0 4.4 10.4 <br /> $100,000-$149,999 946 15.2 12.0 16.6 <br /> $150,000-$199,999 1,556 25.0 22.2 21.4 <br /> $200,000-$299,999 2,229 35.7 30.7 25.0 <br /> $3000,000-$499,999 952 15.3 19.4 14.8 <br /> Greater than$500,000 90 1.4 7.8 5.7 <br /> Total 6,236 100.0 100.0 100.0 <br /> Median Home Value $206,300 $221,493 $187,900 <br /> Average Home Value $224,266 $261,926 $222,672 <br /> Sources: U.S.Census Bureau-2013 ACS; <br /> Maxfield Research&Consulting, LLC <br /> Owner-Occupied Units by Value <br /> 2,500 Elk River-2013 ACS(5-Year) <br /> 2,000 <br /> 1,500 <br /> 00 1,000 <br /> = 500 372 <br /> 91 90 <br /> 0 <br /> Less than $50k to $100k to $150k to $200k to $250k to $300k+ <br /> $50k $99.9k $149.9k $199.9k $249.9k $299.9k <br /> Home Value <br /> MAXFIELD RESEARCH&CONSULTING,LLC. 39 <br />