Lyndale had 3,550 housing units in 2000, 283 fewer than in 1980. In 2000, 121 of Lyndale's housing units were vacant after a peak of 429 vacant
Historically, Lyndale has been a neighborhood with a high percentage of renter-occupied residences. The number of renter-occupied units in Lyndale slightly decreased between 1980 and 2000, while 56 additional owner-occupied housing units were added to the neighborhood. In 1980 about 19 percent of the housing stock was owner-occupied, and in 2000 the proportion rose to 23 percent.
There was a slight decrease in Lyndale's homeowner vacancy rate, from 2 percent in 1980 to 1 percent in 2000, after a peak in 1990 at 4 percent. Citywide, the homeowner vacancy rate increased slightly in 1990 and then decreased to 0.7 percent in 2000. Renter vacancy rates slightly decreased since 1980 after peaking in 1990. In 2000, the 2.5-percent renter vacancy rate in Lyndale was lower than the city level of 2.8 percent.
In 2000, median values for owner-occupied housing were slightly higher in Lyndale than citywide. In 2000, the median house value in Lyndale was $113,800, while in Minneapolis it was $113,500. Housing values increased by $9,950 from 1980 to 2000.
The percentage of income spent on maintaining a house, including the mortgage, is higher in Lyndale than citywide. In the neighborhood the median housing cost as a percentage of median household income slightly increased in 2000 from 1980, but fell sharply from a 1990 peak of 51 percent. In 2000, Lyndale homeowners paid 36 percent of median household income compared to 30 percent paid in Minneapolis.
Lyndale consistently offered median gross rent lower than the citywide median rent between 1980 and 2000. The median gross rent increased between 1990 and 2000, in the neighborhood and in Minneapolis.
In 2000, Lyndale renters paid 21 percent of median household income for median gross rent. In the city, renters paid 18 percent. In 1990, the percentage of income paid for rent peaked for Lyndale and Minneapolis above 1980 and 2000 levels.
Last updated Sep 27, 2011