In 2000, Linden Hills had 3,708 housing units. Eighty of these units were vacant. The total number of housing units increased during the 1980s but decreased slightly during the 1990s.
In 2000, approximately 66 percent
Of all the ownership housing units in Linden Hills, only 13 units, or 0.5 percent, were vacant and for sale in 2000. The renter vacancy rate for the neighborhood climbed in 1990, then decreased to 1.7 percent in 2000. This trend could be seen citywide. However, while a similar spike appeared in the Minneapolis homeowner vacancy rate in 1990, the rate for the neighborhood actually went down a fraction of a percent.
The median housing value in Linden Hills stayed at about the same level from 1979 to 1989, but then it climbed nearly 40 percent to $198,400 in 1999. That was $84,900 greater than the median housing value in Minneapolis.
Median housing costs in 2000 amounted to about a quarter of the median household income in Linden Hills. The figure is 1 percent higher than it was in 1990 and a 5-percent jump from the 1980 level. The increases indicate that housing costs in the Linden Hills neighborhood are rising faster than incomes are, but they still remain lower than citywide.
The median gross rent (measured in 2000 dollars) in Linden Hills increased from 1980 to 1990, then decreased in 2000. During this 20-year-period, median gross rent in the neighborhood remained higher than the citywide median. The drop in median rent sharply contrasts with an increase in Linden Hills ownership housing prices.
In 2000, the median rent amounted to 13 percent of the median income in Linden Hills. That figure is down a couple points from the level maintained in 1980 and 1990. Despite having 54 fewer rental units in 2000 than in 1990, rental properties in Linden Hills remained affordable at the neighborhood's income level.
Last updated Sep 27, 2011