Housing

Northrop's percentage of vacant housing units was never greater than 2 percent between 1980 and 2000. The total number of housing units fell during this time period by nine units.

Northrop's owner occupancy rate was 83 percent in 1980; it declined to 82 percent in 1990 but then increased to 87 percent in 2000.

The homeowner vacancy rate in Northrop has remained slightly below the citywide figure between 1980 and 2000. The rental vacancy rate for the neighborhood remained below one percent between 1980 and 1990, but then increased to 2.3 percent in 2000. This contrasts with the rental vacancy rate trend citywide. Minneapolis nearly doubled its renter vacancy rate between 1980 and 1990 before dropping to its lowest level (2.8 percent) in 2000.

Northrop's median housing values were higher than Minneapolis' in the three census reports between 1980 and 2000. The neighborhood had housing values 10 percent higher than Minneapolis in 1980, 13 percent higher in 1990 and 9 percent higher in 2000. The trend lines for the neighborhood and Minneapolis mirrored each other during this time period with both reaching their lowest levels in 1990 (in 2000 dollars).

Median housing cost as a percentage of household income has been consistently lower in Northrop than citywide. The neighborhood figure remained at 22 percent between 1980 and 1990, and then increased to 24 percent in 2000 compared to 30 percent for Minneapolis.

Northrop's median gross rent was higher than the citywide figure between 1980 and 2000. The neighborhood's median gross rent was 21 percent higher than the city's in 1980, 30 percent in 1990 and 15 percent in 2000.

Median gross rent as a percentage of median household income for Northrop remained below the citywide figure. The trend for Northrop and Minneapolis between 1980 and 2000 mirrored each other with both figures peaking in 1990.

Last updated Sep. 27, 2011