Elk River, MN Real Estate
According to census data in the year 2000 there were 5,782 housing units in Elk River.
This represents a 48.8% growth from 3,887 in 1990.
Of those housing units, 4,529 were located in either urbanized areas or urban clusters, and 1,253 were located in what is classified as a rural area.
Homeownership rate in Elk River is about 78.2%.
Elk River's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in Elk River were built after 1986.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 9.70% |
| Two Bedrooms | 25% |
| Three Bedrooms | 36.20% |
| Four Bedrooms | 22.30% |
| Five Bedrooms or more | 6.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.09 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $144,800 |
| Median Price asked for vacant units | $139,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $606 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 13.20% |
| Home Equity Loan | 13.20% |
| Simple Mortgage | 59.30% |
| Debt Free | 13.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
