There were 1,008 housing units in Logan Park in 2000, about the same number that was in place back in 1980. However, 17 more of those units were vacant in 2000 than in 1980. Overall occupancy decreased during that 20-year period. However, the 2000 occupancy number rose 90 units from a 1990 low point.
Housing ownership in Logan Park increased between 1980 and 2000, while levels of renter-occupied housing have decreased. Still, renter-occupied housing outnumbered owner-occupied units.
Logan Park's homeowner vacancy rate decreased from 2.5 percent in 1980, to having no vacancies in 2000. The citywide homeowner vacancy rate increased slightly in 1990, before dropping to 0.7 percent in 2000. The 2000 renter vacancy rate in the neighborhood and the city were each at 2.8 percent in 2000. That number for Logan Park is slightly lower than the vacancy rate recorded in 1980 and nearly 2 percent lower than the 1990 level.
As for the price of housing, Logan Park's median value was found to be lower than the city's. Both numbers decreased significantly in 1990 before climbing a decade later. In the end, median housing values for the neighborhood and all of Minneapolis ended up lower in 2000 than they were in 1980.
The median cost for Logan Park homeowners to maintain their houses, including the mortgage, was found to be slightly above the citywide median. In 2000, neighborhood homeowners at median income saw 34 percent of their household income go toward that maintenance. In comparison, Minneapolis homeowners earning median income spent 30 percent of their incomes on it. In 1990, neighborhood homeowners paid a significantly larger percentage of their median household income for median housing costs than the citywide median.
Logan Park's median gross rent is slightly lower then the Minneapolis average. In 2000, median gross rent in Logan Park was $524, compared to $575 citywide.
People who lived in Logan Park between 1980 and 2000 often saw more of their paychecks go towards rent than the average Minneapolis resident. In 2000, Logan Park residents paid 21 percent of their median household income for median rent, as compared to 18 percent for Minneapolis residents.
Last updated Sep. 27, 2011