Housing

Cedar-Isles-Dean's housing stock increased by 436 units between 1980 and 2000. The vacancy rate during this period peaked in 1990 at 5.3 percent.

Slightly more than half of the housing stock in Cedar-Isles-Dean was owner-occupied between 1980 and 2000. The neighborhood had its highest homeowner occupancy rate in 1990 at 57 percent.

In 1980, the homeowner vacancy rate was lower in Cedar-Isles-Dean than in Minneapolis. The neighborhood rate peaked in 1990 higher than Minneapolis' rate before falling in 2000 again below the citywide figure. The Cedar-Isles-Dean rental vacancy rate was also lower than Minneapolis' in 1980, but it increased the following decades and exceeded the citywide figure in 2000.

The median housing value was much higher in Cedar-Isles-Dean than Minneapolis between 1980 and 2000. The dollar amount for the neighborhood increased progressively during this time. In 2000 the value was more than $80,000 higher than in 1980 and more than $200,000 above the citywide value.

Cedar-Isles-Dean's median housing cost as a percentage of median household income followed Minneapolis trends quite closely with a difference of about 1 percent.

The median gross rent was higher in Cedar-Isles-Dean than Minneapolis between 1980 and 2000, and the difference between the neighborhood and city increased during this time period. In 2000 the neighborhood median rent was about $240 higher than in 1980 and $300 above the citywide rent.

Median gross rent as a percentage of median household income was consistently lower in Cedar-Isles-Dean than Minneapolis between 1980 and 2000, fluctuating between 13 percent and 12 percent. In 2000, median rent in the neighborhood was 12 percent of median household income compared to 18 percent citywide.

Last updated Sep 27, 2011

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