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<br />Hillside Heights Apartments, Elk River, Minnesota
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<br />Market Analyst Professionals, LLC 26 April 24, 2020
<br />Household Trends and Forecast
<br />City of County of State of
<br />Elk River PMA Sherburne MN
<br />2000 Household 5,689 17,424 21,581 1,895,127
<br />2010 Household 8,080 27,553 30,212 2,087,227
<br />Percent Change (2000 to 2010) 42.0% 58.1% 40.0% 10.1%
<br />Total Change (2000 to 2010) 2,391 10,129 8,631 192,100
<br />Annual Change (2000 to 2010) 239 1,013 863 19,210
<br />Annualized Change (2000 to 2010) 3.6% 4.7% 3.4% 1.0%
<br />2020 Household Estimate 8,919 32,107 33,807 2,238,299
<br />Percent Change (2010 to 2020) 10.4% 16.5% 11.9% 7.2%
<br />Total Change (2010 to 2020) 839 4,554 3,595 151,072
<br />Annual Change (2010 to 2020) 84 455 359 15,107
<br />Annualized Change (2010 to 2020) 1.0% 1.5% 1.1% 0.7%
<br />2022 Household Forecast 9,087 33,018 34,525 2,268,514
<br />Percent Change (2010 to 2022) 12.5% 19.8% 14.3% 8.7%
<br />Total Change (2010 to 2022) 1,007 5,465 4,313 181,287
<br />Annual Change (2010 to 2022) 84 455 359 15,107
<br />Annualized Change (2010 to 2022) 1.0% 1.5% 1.1% 0.7%
<br />2024 Household Forecast 9,254 33,929 35,244 2,298,728
<br />Percent Change (2010 to 2024) 14.5% 23.1% 16.7% 10.1%
<br />Total Change (2010 to 2024) 1,174 6,376 5,032 211,501
<br />Annual Change (2010 to 2024) 84 455 359 15,107
<br />Annualized Change (2010 to 2024) 1.0% 1.5% 1.1% 0.7%
<br />2025 Household Forecast 9,338 34,384 35,604 2,313,836
<br />Percent Change (2010 to 2025) 15.6% 24.8% 17.8% 10.9%
<br />Total Change (2010 to 2025) 1,258 6,831 5,392 226,609
<br />Annual Change (2010 to 2025) 84 455 359 15,107
<br />Annualized Change (2010 to 2025) 1.0% 1.5% 1.1% 0.7%
<br />Source: Census of Population and Housing, U.S. Census Bureau; ESRI
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