Housing

CARAG's housing stock decreased by 49 units between 1980 and 2000. The vacancy rate in the neighborhood was at its highest level in 1990 at 5 percent.

Owner-occupied units were approximately 20 percent of CARAG's total housing stock between 1980 and 2000.

CARAG's homeowner and renter vacancy rates were below Minneapolis' between 1980 and 2000. The homeowner and renter vacancy rates for the neighborhood and city all peaked in 1990.

CARAG's median housing value was higher than Minneapolis' between 1980 and 2000. The neighborhood's median jumped 34 percent between 1990 and 2000 compared to 21 percent citywide.

CARAG's median housing cost as a percentage of median household income was slightly below Minneapolis' in 1980. The neighborhood‘s housing cost increased significantly in 1990 and exceeded Minneapolis' in 1990 and 2000.

CARAG's median gross rent was more than Minneapolis' between 1980 and 2000. The rent for both the neighborhood and the city rose steadily during this period.

CARAG's median gross rent as a percentage of median household income was consistently above Minneapolis' between 1980 and 2000.

Last updated Sep. 27, 2011