Housing

Marshall Terrace had 7 more housing units in 2000 than it had in 1980

In Marshall Terrace more than half of the housing stock is owner-occupied. In 1980, ownership housing occupancy reached a high point of 61 percent in the neighborhood. In 2000, this figure decreased to 56 percent.

In 1980 there was no housing for sale in Marshall Terrace, so the homeowner vacancy rate was zero. In 1990, there was a vacancy rate but it was below Minneapolis'. The figure for the neighborhood rose slightly above the citywide percentage in 2000. Although following the citywide trend, the rental vacancy rate was also below Minneapolis' rate in 1980 and 1990 and was identical to Minneapolis' in 2000.

Marshall Terrace's median housing value was consistently below Minneapolis' between 1980 and 2000. The neighborhood's median housing value steadily declined during this time. In 2000 it was about $34,000 below the citywide median and about $13,400 below its own 1980 value.

Marshall Terrace's median housing cost as a percentage of household income was more than Minneapolis' in 1980 but less in 1990 and 2000. In 2000 median housing costs, including mortgage, were 28 percent of median household income in the neighborhood compared to citywide housing costs at 30 percent of citywide median household income.

Marshall Terrace's median gross rent was above Minneapolis' in 1980 and 1990 but about $20 lower than the Minneapolis figure in 2000.

Marshall Terrace's median gross rent as a percentage of median household income was above Minneapolis' in 1980. This figure dropped to the citywide level in 1990 and then increased slightly in 2000, above Minneapolis again. In 2000 median gross rent in the neighborhood was 21 percent of median household income while Minneapolis renters spent 18 percent of their income on rent.

Last updated Sep. 27, 2011