|
<br />
<br />
<br />Hillside Heights Apartments, Elk River, Minnesota
<br />
<br />Market Analyst Professionals, LLC 30 April 24, 2020
<br />All submarkets share similar household size distributions, skewing to larger renter household sizes
<br />in the county and PMA relative to the city. The subject will offer one- to three-bedroom units appealing to
<br />a broad spectrum of ages and household sizes.
<br />
<br />Households by Tenure by Number of Persons in Household
<br />City of County of State of
<br />Elk River PMA Sherburne MN
<br />Total 2010 Owner Occupied HUs 6,478 23,996 25,194 1,523,859
<br />1-person HH 979 3,378 3,599 329,955
<br />2-person HH 2,206 7,914 8,471 581,481
<br />3-person HH 1,171 4,373 4,492 236,596
<br />4-person HH 1,281 5,041 5,076 224,564
<br />5-person HH 576 2,255 2,344 98,018
<br />6-person HH 180 702 821 33,229
<br />7-person or more HH 85 333 391 20,016
<br />Imputed Avg. Owner HH Size*2.9 2.9 2.9 2.6
<br />Total 2010 Renter Occupied HUs 1,602 3,557 5,018 563,368
<br />1-person HH 602 1,260 1,736 254,053
<br />2-person HH 411 863 1,265 142,905
<br />3-person HH 269 576 848 71,198
<br />4-person HH 195 479 675 50,057
<br />5-person HH 81 237 305 24,984
<br />6-person HH 30 91 119 11,029
<br />7-person or more HH 14 51 70 9,142
<br />Imputed Avg. Renter HH Size*2.3 2.5 2.4 2.1
<br />Percent 2010 Owner Occupied HUs 6,478 23,996 25,194 1,523,859
<br />1-person HH 15.1% 14.1% 14.3% 21.7%
<br />2-person HH 34.1% 33.0% 33.6% 38.2%
<br />3-person HH 18.1% 18.2% 17.8% 15.5%
<br />4-person HH 19.8% 21.0% 20.1% 14.7%
<br />5-person HH 8.9% 9.4% 9.3% 6.4%
<br />6-person HH 2.8% 2.9% 3.3% 2.2%
<br />7-person or more HH 1.3% 1.4% 1.6% 1.3%
<br />Percent 2010 Renter Occupied HUs 1,602 3,557 5,018 563,368
<br />1-person HH 37.6% 35.4% 34.6% 45.1%
<br />2-person HH 25.7% 24.3% 25.2% 25.4%
<br />3-person HH 16.8% 16.2% 16.9% 12.6%
<br />4-person HH 12.2% 13.5% 13.5% 8.9%
<br />5-person HH 5.1% 6.7% 6.1% 4.4%
<br />6-person HH 1.9% 2.6% 2.4% 2.0%
<br />7-person or more HH 0.9% 1.4% 1.4% 1.6%
<br />Source: Census of Population and Housing, U.S. Census Bureau; ESRI
<br />*-MAP estimated based on 7 persons per 7 or more HH size
<br />
<br />
|