In 2000, Fulton had 2,629 housing units, a number that has not changed much since 1980. The number of vacant housing units increased in 1990, then decreased by seven units a decade later. Fulton had its least number of vacant housing units in 1980.
Housing ownership increased in Fulton from 1980 to 2000. Renter-occupied housing units decreased over the same period. An overwhelming majority of neighborhood residents own their own houses.
Fulton's homeowner vacancy rate remained relatively stable from 1980 to 2000, growing slightly in 1990 and then decreasing 10 years later. Minneapolis saw a similar trend in its homeowner vacancy rate, but had slightly higher percentages than the neighborhood did. Fulton's renter vacancy rate increased from 1980 to 2000, putting it at a level slightly above the city's.
Since 1980, median housing values in Fulton have been well above the median values for the city. These dollar amounts decreased from 1980 to 1990 for both the neighborhood and the city. Both increased in 2000, with Fulton experiencing a more dramatic rise of $49,190.
The cost for Fulton homeowners to maintain their homes, including mortgage payments, is below the citywide median. In 2000, neighborhood homeowners paid 27 percent of their median household income, compared to the 30 percent paid in the city. In both Fulton and Minneapolis, the median costs rose in 1990 and decreased in 2000.
Fulton's median gross rent has typically been higher then the citywide average. In 2000, median gross rent in the neighborhood was $830 as opposed to $575 for Minneapolis.
The residents of Fulton have been paying a smaller percentage of their median household income on median rent than the Minneapolis residents have. The difference dramatically increased in 2000 with Fulton residents paying 9 percent of their median household income for median gross rent, as opposed to 18 percent citywide.
Last updated Sep 27, 2011