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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 />[Ignwsy l9 nrrr <br />e.d 97 NF CM Si <br />km <br />2ntl <br />95Cr S'[ nl I <br />P[AYIk <br />I'atk <br />6A9.StME <br />Nvris LoY• Rd W1V <br />E l k River <br />R <br />N aw th Ph <br />9f et Av•NW <br />179M <br />its go <br />Sll rtl Are NW -� <br />WV� 95 <br />A.- L <br />4� <br />70%S1 NE o- n % <br />IC If A1P"S• @r NW s £ Ramsey <br />4 i 1 <br />t � E <br />l 1 <br />tYy F ♦iollan r � y t <br />M till ,� <br />MAXFIELD RESEARCH & CONSULTING, LLC. 6 <br />