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<br /> <br /> <br />Hillside Heights Apartments, Elk River, Minnesota <br /> <br />Market Analyst Professionals, LLC 25 April 24, 2020 <br />Household Characteristics and Trends <br />Between 2010 and 2020 ESRI estimates that households increased in all areas. Over this period <br />households in the PMA increased at an annual rate of 1.5 percent while increasing in the county at a rate <br />of 1.1 percent. The rate of change in the PMA over this period was faster relative to the state as a whole <br />which increased at a mild annual rate and also faster relative to the county which increased over this <br />period. Between 2010 and 2025 ESRI forecasts that households will increase in all areas. Households in <br />the PMA will increase at an annual rate of 1.5 percent, representing a moderate annual rate in MAP's <br />estimation, while increasing in the county over this period at a rate of 1.1 percent, also considered a <br />moderate rate. The highest rate of forecasted growth among all submarkets is in the PMA at 1.5 percent <br />relative to an overall increase in the state of 0.7 percent annually. <br />