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