7.2. HRSR 06-01-2020 - Laserfiche WebLink

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Hillside Heights Apartments, Elk River, Minnesota Market Analyst Professionals, LLC 29 April 24, 2020 Renter Households City of County of State of Elk River PMA Sherburne MN 2000 Renter Households 1,228 1,785 3,430 482,262 Percent of Total HHs 21.6% 10.2% 15.9% 25.4% 2010 Renter Households 1,602 3,557 5,018 563,368 Percent of Total HHs 19.8% 12.9% 16.6% 27.0% Percent Change (2000 to 2010)30.5% 99.3% 46.3% 16.8% Total Change (2000 to 2010)374 1,772 1,588 81,106 Annual Change (2000 to 2010)37 177 159 8,111 Annualized Change (2000 to 2010)2.7% 7.1% 3.9% 1.6% 2020 Renter Households Estimate 1,256 3,582 4,106 634,374 Percent of Total HHs 14.1% 11.2% 12.1% 28.3% Percent Change (2010 to 2020)-21.6% 0.7% -18.2% 12.6% Total Change (2010 to 2020)-347 25 -912 71,006 Annual Change (2010 to 2020)-35 3 -91 7,101 Annualized Change (2010 to 2020)-2.4% 0.1% -2.0% 1.2% 2022 Renter Households Forecast 1,297 3,579 4,216 625,853 Percent of Total HHs 14.3% 10.8% 12.2% 27.6% Percent Change (2010 to 2022)-19.0% 0.6% -16.0% 11.1% Total Change (2010 to 2022)-305 22 -802 62,485 Annual Change (2010 to 2022)-25 2 -67 5,207 Annualized Change (2010 to 2022)-1.7% 0.1% -1.4% 0.9% 2024 Renter Households Forecast 1,246 3,583 4,082 636,268 Percent of Total HHs 13.5% 10.6% 11.6% 27.7% Percent Change (2010 to 2024)-22.2% 0.7% -18.7% 12.9% Total Change (2010 to 2024)-356 26 -936 72,900 Annual Change (2010 to 2024)-25 2 -67 5,207 Annualized Change (2010 to 2024)-1.8% 0.1% -1.5% 0.9% 2025 Renter Households Forecast 1,221 3,585 4,015 641,475 Percent of Total HHs 13.1% 10.4% 11.3% 27.7% Percent Change (2010 to 2025)-23.8% 0.8% -20.0% 13.9% Total Change (2010 to 2025)-381 28 -1,003 78,107 Annual Change (2010 to 2025)-25 2 -67 5,207 Annualized Change (2010 to 2025)-1.8% 0.1% -1.5% 0.9% Source: Census of Population and Housing, U.S. Census Bureau; ESRI