Shingle Creek had 1,116 housing units in 2000, 61 fewer than in 1980. In 2000, Shingle Creek's number of vacant housing units was similar to previous decades. The vacancy rate hovered between 1 percent and 2 percent between 1980 and 2000.
Shingle Creek's renter vacancy rate decreased dramatically from 5 percent in 1980 to 0 Homeowner vacancy rates also declined in the neighborhood to the lowest level in two decades, after a slight rise in 1990. In 2000, there was only 1 unit for sale in Shingle Creek, sending the vacancy rate to almost zero
From 1980 to 2000, owner-occupied median housing values were lower in Shingle Creek than citywide. In 2000, the median house value in Shingle Creek was $95,200, while in Minneapolis it was $113,500. Between 1980 and 2000, values declined in the neighborhood by more than $18,000.
The median cost for homeowners of maintaining a house, including the mortgage, is a fairly low percentage of median income in this neighborhood. In 2000, Shingle Creek homeowners paid 25 percent of their median household income in comparison with 30 percent paid in Minneapolis. In the neighborhood and in the city, the median housing costs as a percentage of median household income increased from 1980 to 2000, but costs in the neighborhood climbed at a faster pace.
Shingle Creek's median gross rent was consistently higher than Minneapolis' between 1980 and 2000. The neighborhood median gross rent declined in 2000, while in Minneapolis it went slightly up.
Last updated Sep 27, 2011