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DEMOGRAPHIC ANALYSIS <br />Introduction <br />This section of the report examines factors related to the current and future demand for both <br />owner- and renter -occupied housing in Elk River, Minnesota. It includes population and house- <br />hold growth trends and projections, projected age distribution, household income and house- <br />hold types. A review of these characteristics will provide insight into the demand for various <br />types of housing in the Market Area. <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 offi- <br />cials 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 />I -... 3tft� <br />SSd.4t NE <br />Pie.e <br />Pslk <br />o.tl IT NE bMSINP� <br />,1p fiObr SI NE <br />�lnti <br />MAXFIELD RESEARCH AND CONSULTING <br />I <br />N.— L.F. Rd Nn <br />Elk River <br />Nowthen vw�y al.d Nw <br />z <br />X11 <br />81 it Ar. NW <br />17"L <br />1731d Ar. N W �-, <br />YOIM1 StNEv� <br />A.— <br />P_ <br />utumnPz toan •,.. nw <br />`o m �w <br />� 3c <br />Ip1�91 NE n <br />A�p.e Ur NW i ? <br />Ir I Ramsey <br />I � trc <br />g\NE <br />2 <br />