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Comprehensive Housing Market Study Updates City of Elk River, Minnesota

April 06, 2018

Category: Housing

Comprehensive Housing Market Study Updates City of Elk River, Minnesota



The study identifies a potential demand for approximately 864 new housing units through 2025. About 20% of the total demand is for senior housing; while general-occupancy housing accounted for 80% of the demand. Demand is strongest for for-sale housing, representing 395 of the 864 new housing units. There is also strong demand for additional market rate (172 units) and affordable rental housing (93 units).