With a rising population, the number of housing units increased and the number of vacant units decreased to 18 in 2000 from a high of 21 in 1990.
The number of renter-occupied and homeowner-occupied units both increased between 1980 and 2000. Homeowner-occupied units made up 53 percent of the total in 1980 and 55 percent in 2000.
Although following approximately the same trend, the neighborhood's homeowner vacancy rate tends to be lower than the city's. In 2000 there were no renter vacancy rate, although declining from 1990, was higher in Northeast Park than in Minneapolis.
Between 1980 and 2000 housing values tended to be lower in Northeast Park than in Minneapolis. But during that time median housing values increased by $15,800 in the neighborhood while they decreased by about $1,600 in Minneapolis.
A smaller proportion of income was spent on housing costs (including mortgage) in the neighborhood than in the city, and the neighborhood proportion even decreased from 1980 to 2000. In the city, the percentage of income spent on housing tended to increase in the same period.
Median neighborhood rent tended to be slightly below the city median in 1980 and 2000. In 1990, median neighborhood rent was somewhat higher than the city's. In 2000 while the neighborhood's median gross rent was $554, the city's was $575.
In 1980 people in the neighborhood tended to spend more of their income on rent than people in the city did. In 1990 this was reversed as the percentage of income spent on rent went down in the neighborhood and up in the city. In 2000 neighborhood and city percentages met halfway at the same percentage.
Last updated Sep 27, 2011