In 2000, the total number of housing units in the Hale neighborhood was 1,375, an increase of only 33 from 1980. Housing available for rent or purchase is scarce; 23 units were vacant in 2000.
In 1990, the number of owner-occupied housing units decreased and the number of rental units increased. In 2000, the opposite occurred. In 2000, 89 percent of the 1,375 housing units in Hale were owner-occupied.
The homeowner vacancy rate in the Hale neighborhood is low; fewer than 1 percent of owner-occupied homes were vacant from 1980 to 2000. Renter vacancy rates were slightly higher. They increased from 1.8 percent to 3.9 percent in 1990 and decreased to 3.3 percent in 2000. The renter vacancy rate was above the Minneapolis percentage in 2000 because of plummeting rental vacancy rates citywide.
The median housing value in Hale decreased from 1980 to 1990 and then rebounded in 2000 to a high of $151,400. This trend was similar to the citywide trend, although housing values were higher in Hale — $37,900 higher in 2000.
The median gross rent in 2000 was $695, almost the same as in 1990. The median rent in Hale was greater than the Minneapolis average — by $120 per month in 2000.
For Hale residents, median gross rent was 12 percent of the median household income in 2000. The percentage of income spent on rent gradually decreased from 1980 to 2000. The percentages for Hale are less than for the City of Minneapolis.
Last updated Sep 27, 2011