Housing

In 2000, the Phillips neighborhoods had 6,734 housing units, a decrease of 1,271 since 1980. In 1990, the vacancy rate was 14 percent, but by 2000 it had dropped to 6 percent.

Phillips: Housing availability by neighborhood in 2000

 

Ventura Village

Phillips West

Midtown Phillips

East Phillips

Vacant housing units

110

145

74

72

Occupied housing units

2,330

1,851

1,062

1,090

The majority of housing units in Phillips are rental properties. In 2000, 78 percent of the housing units were renter-occupied. Owner-occupied units increased from 17 percent of the total in 1990 to 22 percent in 2000.

Phillips: Occupied housing units in 2000 by neighborhood

Ventura Village

Phillips West

Midtown Phillips

East Phillips

Owner-occupied

277

379

368

342

Renter-occupied

2,053

1,032

1,134

748

Vacancy rates in the Phillips community and in the City of Minneapolis were low in 1980, increased dramatically in 1990, and then dropped off in 2000. In 2000, 3 percent of the rental units and just under 2 percent of the ownership units were vacant in Phillips. These rates were only slightly higher than the citywide vacancy rates.

Phillips: Homeowner and rental vacancy rate in 2000 by neighborhood

Neighborhoods

Homeowner vacancy rate

Rental vacancy rate

Ventura Village

5.8%

1.9%

Phillips West

0.5%

7.0%

Midtown Phillips

0.3%

1.3%

East Phillips

1.7%

2.9%

The median house value in the Phillips neighborhoods followed the city's trend line, but remained below the citywide value. In 2000 the median house value in Phillips was more than $39,000 lower than the city median.

Phillips: Median house value in 2000 by neighborhood

Ventura Village

$ 79,800

West Phillips

$ 66,400

Midtown Phillips

$ 65,800

East Phillips

$ 64,200

Reflecting low income levels, median housing costs – including mortgage – monopolize a large percentage of the median household income. In 2000, housing costs were 43 percent of the median household income in Phillips compared to 30 percent in the city.

Phillips: Median housing costs as a percentage of median household income in 2000 by neighborhood

Ventura Village

50%

Phillips West

58%

Midtown Phillips

29%

East Phillips

36%

Median gross rent is lower in the Phillips neighborhoods than in Minneapolis, even though they followed the same trend. In 2000, the median neighborhood rent was $116 lower than the citywide median rent. Rent increased in the neighborhood by 13 percent and in the city by 20 percent between 1980 and 2000.

Phillips: Median gross rent in 2000 by neighborhood

Ventura Village

$ 454

Phillips West

$ 412

Midtown Phillips

$ 572

East Phillips

$ 555

Median gross rent in the Phillips community costs 25 percent of the median household income, compared to 18 percent citywide. The percentage of income spent on rent reached a high 34 percent in Phillips by 1990, reflecting the decrease in income levels.

Phillips: Median gross rent as a percentage of median household income in 2000 by neighborhood

Ventura Village

28%

Phillips West

26%

Midtown Phillips

24%

East Phillips

28%

Last updated Sep. 27, 2011