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HOUSING CHARACTERISTICS <br />Owner - Occupied Housing Units by Value <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 />c <br />D <br />a <br />N <br />TABLE HC -6 <br />UNITS BY VALUE <br />ELK RIVER <br />2013 (5 -Year Estimate) <br />Home Value <br />No. <br />Pct. <br />Pct. <br />Pct. <br />Less than $50,000 <br />91 <br />1.5 <br />3.5 <br />6.1 <br />$50,000 - $99,999 <br />372 <br />6.0 <br />4.4 <br />10.4 <br />$100,000 - $149,999 <br />946 <br />15.2 <br />12.0 <br />16.6 <br />$150,000 - $199,999 <br />1,556 <br />25.0 <br />22.2 <br />21.4 <br />$200,000 - $299,999 <br />2,229 <br />35.7 <br />30.7 <br />25.0 <br />$3000,000 - $499,999 <br />952 <br />15.3 <br />19.4 <br />14.8 <br />Greater than $500,000 <br />90 <br />1.4 <br />7.8 <br />5.7 <br />Total <br />6,236 <br />100.0 <br />100.0 <br />100.0 <br />Median Home Value <br />$206,300 <br />$221,493 <br />$187,900 <br />Average Home Value <br />$224,266 <br />$261,926 <br />$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 />1,000 <br />500 <br />0 <br />Less than $50k to <br />$50k $99.9k <br />$100k to $150k to $200kto $250kto $300k+ <br />$149.9k $199.9k $249.9k $299.9k <br />Home Value <br />MAXFIELD RESEARCH & CONSULTING, LLC. 39 <br />