Housing

Between 1980 and 2000 the amount of housing in Lowry Hill East decreased by 23 units. The neighborhood had its most vacancies in 1990 at 5.7 percent. In 2000, Lowry Hill East's vacancy rate was 2.2 percent.

A majority of housing units in Lowry Hill East are renter-occupied. The percentage of owner-occupied housing units was never more than 15 percent between 1980 and 2000.

Lowry Hill East's homeowner vacancy rate trend resembled the Minneapolis trend between 1980 and 2000. The rental vacancy rate for the neighborhood was consistently below Minneapolis' during this period.

Lowry Hill East's median housing values were consistently above Minneapolis' between 1980 and 2000. In this period, the neighborhood median rose more than $31,100. In 2000 the median house value in Lowry Hill East was $44,000 above the city median.

median housing cost as a percentage of median household income was much higher than Minneapolis', but it followed citywide trends between 1980 and 2000.

Between 1980 and 2000, median gross rent gradually increased in both Lowry Hill East and Minneapolis. In 1980 and 2000, the median rent in the neighborhood was slightly above the city's.

median gross rent as a percentage of median household income followed the citywide trend, but consistently exceeded the Minneapolis percentage between 1980 and 2000. In 2000 median rent was 22 percent of median household income in the neighborhood, compared to 18 percent in the city.

Last updated Sep 27, 2011