Housing

In 2000, there were 3,483 housing units in King Field, an increase of seven units from 1980. The vacancy rate was 4.5 percent in 1990, and it declined to 2.3 percent in 2000.

King Field's percentage of owner-occupied units increased slightly between 1980 and 2000. In 1980, 62 percent of the housing units were owner-occupied. In 1990, 63 percent were, and in 2000 65 percent were.

King Field's homeowner and renter vacancy rates were lower than Minneapolis' between 1980 and 2000. The trends for the neighborhood and Minneapolis mirrored each other in both categories. The renter vacancy rate peaked in 1990 for the neighborhood and city and then fell sharply in 2000.

The value of owner-occupied housing in King Field was consistently higher than Minneapolis' between 1980 and 2000. The difference increased from 2 percent higher in 1980 to 14 percent higher in 2000.

The percentage of median household income spent on median housing costs was consistently lower in King Field than in Minneapolis from 1980 to 2000. This figure peaked for the neighborhood and city in 1990 before falling to 24 percent and 30 percent respectively in 2000.

King Field's median gross rent was consistently higher than Minneapolis' between 1980 and 2000. The trends mirrored each other during this period. However, the difference between the neighborhood and city decreased from 14 percent in 1980 to 7 percent in 2000.

The percentage of median household income spent on median gross rent was higher in Minneapolis than King Field in 1980 and 2000. In 1990, King Field's percentage increased to 20 percent, equalling Minneapolis'.

Last updated Sep 27, 2011