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DEMOGRAPHIC ANALYSIS <br />Introduction <br />This section of the report examines factors related to the current and future demand for both <br />owner-and renter-occupied housing in Elk River, Minnesota. It includes population and house- <br />hold growth trends and projections, projected age distribution, household income andhouse- <br />hold types. A review of these characteristics will provide insight into the demand for various <br />types of housing in the Market Area. <br /> <br /> <br />Elk River Study Area Definition <br /> <br />The draw area for determining current and future housing demand in the City of Elk River is <br />based on traffic pattern orientation, proximity to other communities, interviews with local offi- <br />cials and community stakeholders, natural and manmade geographic barriers, and our <br />knowledge of the draw areas for housing. The Study Area is defined as Elk River proper. <br /> <br /> <br />MAXFIELD RESEARCH AND CONSULTING 2 <br />