There were 2,447 housing units in Hiawatha in 2000, 186 units more than in 1980 and 22 fewer than in 1990. The number of vacant housing units substantially increased in 1990. The overall vacancy rate was 1.7 percent in 1980, 5 percent in 1990 and 2.3 percent in 2000.
Owner-occupied housing units outnumber renter-occupied units in Hiawatha. Homeowners lived in 76 percent of the occupied housing units in 1980 and 81 percent in 2000.
Hiawatha's homeowner vacancy rate increased from 0.5 percent in 1980 to 2.7 percent in 1990 and then decreased to 1.1 percent in 2000, when the proportion of homes
The 2000 renter vacancy rate in the neighborhood followed the citywide trend, decreasing below 1980 percentage levels after hiking in 1990, when many vacant units were in the market. However, levels remained lower in the neighborhood than citywide.
Median housing values are lower in Hiawatha than citywide. But while values slightly increased in the neighborhood between 1980 and 2000, they decreased citywide.
Hiawatha is a relatively affordable neighborhood for its income level. The percentage of income that a neighborhood homeowner spends to maintain a house, including the mortgage, is below the citywide percentage
Hiawatha's median gross rent was above Minneapolis' median gross rent in 1980 and 1990. In 2000, median gross rent in Hiawatha fell a few dollars below the citywide median of $575.
In 1980, Hiawatha renters paid slightly more of median household income for rent than Minneapolis renters did. This reversed in 1990. In 2000, Hiawatha residents paid 17 percent of median household income for rent, and Minneapolis residents paid 18 percent.
Last updated Sep 27, 2011