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<br />Hillside Heights Apartments, Elk River, Minnesota
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<br />Market Analyst Professionals, LLC 24 April 24, 2020
<br />Age distribution characteristics are very similar within all three submarkets, with a heavy
<br />concentration in the under 24 age segment. The aging of the Baby Boom generation will and has begun to
<br />shift the national age distribution toward the 45 and over population segments in the coming years. This
<br />national trend is evident within all areas here, with the most rapid growth concentrated in the 65 and over
<br />age segments through 2025 on a percentage basis in the PMA, county and state.
<br />Population by Age Group
<br />City of County of State of
<br />Elk River PMA Sherburne MN
<br />Age 24 and Under - 2010 8,312 29,509 33,278 1,786,862
<br />Percent of total 2010 population 36.2% 36.8% 37.6% 33.7%
<br />Age Between 25 and 44 - 2010 6,788 24,075 26,237 1,396,680
<br />Percent of total 2010 population 29.5% 30.1% 29.6% 26.3%
<br />Age Between 45 and 64 - 2010 5,727 20,370 21,677 1,437,262
<br />Percent of total 2010 population 24.9% 25.4% 24.5% 27.1%
<br />Age 65 and Over - 2010 2,147 6,155 7,307 683,121
<br />Percent of total 2010 population 9.3% 7.7% 8.3% 12.9%
<br />Age 24 and Under - 2025 9,122 34,453 36,025 1,841,743
<br />Percent of total 2025 population 34.3% 34.4% 34.5% 31.1%
<br />Percent change (2010 to 2025)9.7% 16.8% 8.3% 3.1%
<br />Age Between 25 and 44 - 2025 7,705 28,830 30,269 1,561,141
<br />Percent of total 2025 population 29.0% 28.8% 29.0% 26.4%
<br />Percent change (2010 to 2025)13.5% 19.8% 15.4% 11.8%
<br />Age Between 45 and 64 - 2025 6,288 24,669 24,665 1,436,055
<br />Percent of total 2025 population 23.7% 24.6% 23.7% 24.3%
<br />Percent change (2010 to 2025)9.8% 21.1% 13.8% -0.1%
<br />Age 65 and Over - 2025 3,459 12,149 13,317 1,074,477
<br />Percent of total 2025 population 13.0% 12.1% 12.8% 18.2%
<br />Percent change (2010 to 2025)61.1% 97.4% 82.2% 57.3%
<br />Source: Census of Population and Housing, U.S. Census Bureau; ESRI
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