Housing

There were eight fewer occupied housing units in Holland in 2000 than 1980. The vacancy rate for the neighborhood peaked in 1990 at 8.6 percent and dropped to 5.5 percent in 2000.

Rental units made up more than half of the occupied housing units in Holland in 1980 and 1990. In 2000, however, owner-occupied units increased to 51.2 percent of the occupied housing units.

Holland's homeowner vacancy rate mirrored Minneapolis' between 1980 and 2000. The neighborhood rental vacancy rate was also similar to Minneapolis' during this period, but in 2000 it rose to a level that was 1.7 percent higher than the citywide rate.

Although it followed citywide trends, Holland's median housing value was consistently below Minneapolis' between 1980 and 2000. In 2000 it was about $7,400 lower than its own 1980 value and almost $31,400 lower than the 2000 citywide value.

Holland's median housing cost as a percentage of median household income was nearly identical to Minneapolis' between 1980 and 2000.

Holland's median gross rent was similar to Minneapolis' between 1980 and 2000 and followed almost exactly the same trend. In 2000 the median rent in the neighborhood was only $11 below the citywide rent.

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

Last updated Sep 27, 2011

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