Sheridan had 110 fewer housing units in 2000 than it had in 1980. Its percentage of vacant housing units increased from 3 percent in 1980 to 5 percent in 2000. The figure peaked at 8 percent in 1990.
In 1980, 39 percent of Sheridan housing was owner-occupied. That dropped to 35 percent in 1990 and rose to its highest level – 42 percent – in 2000. However, there was a general decline in the number of housing units, with four fewer owner-occupied units in 2000 than in 1980 and 126 fewer renter-occupied units.
Sheridan and Minneapolis homeowner vacancy rates peaked in 1990. The neighborhood and citywide rental vacancy rates also mirrored each other between 1980 and 2000, peaking in 1990. Sheridan during this time had a rental vacancy rate that was lower than Minneapolis'.
Median housing value trends in Sheridan and Minneapolis mirrored each other between 1980 and 2000 with both at their lowest levels in 1990. The neighborhood's median housing value was 26 percent below the Minneapolis figure in 1980, 18 percent in 1990 and 25 percent in 2000.
Sheridan's median housing cost as a percentage of median household income was 3 percent below the citywide percentage in 1980. 1990 and 2000 found the neighborhood and Minneapolis at similar percentages.
Median gross rent in 1980 and 1990 was nearly identical in Sheridan and Minneapolis. In 2000, the neighborhood's median gross rent dropped 4 percent below the citywide figure.
Sheridan's percentage of median household income spent on median gross rent was above the Minneapolis average between 1980 and 2000. The trends for the neighborhood and city mirrored each other during this time period, both peaking in 1990.
Last updated Sep. 27, 2011