Minneapolis, MN Real Estate
According to census data in the year 2000 there were 168,624 housing units in Minneapolis.
This represents a 2.3% decline from 172,666 in 1990.
Of those housing units, 168,624 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Minneapolis is about 51.4%.
Minneapolis's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Minneapolis were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.30% |
| One Bedroom | 26.50% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 24.40% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $113,500 |
| Median Price asked for vacant units | $114,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $593 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 9.30% |
| Home Equity Loan | 10.10% |
| Simple Mortgage | 58.80% |
| Debt Free | 21.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
