In 2000, Jordan had 2,666 housing units, 400 fewer units than in 1980. Also, Jordan's number of vacant housing units was higher than in 1980, but lower than in 1990. The neighborhood had 217 units vacant in 2000, which accounted for 8 percent of the housing stock.
Historically, Jordan has been a neighborhood with a majority of owner-occupied housing stock. However, the number of owner-occupied residences there decreased by 414 units between 1980 and 2000.
Jordan's homeowner vacancy rate went from 1.3 percent in 1980 to 2.4 percent in 2000, with a peak of 4.4 percent in 1990. The citywide homeowner vacancy rate increased slightly in 1990, and then decreased to 0.7 percent in 2000. The neighborhood's renter vacancy rate in 2000 was a lot lower than the peak of 10.9 percent recorded 10 years earlier, but was still above the 3.8 percent recorded in 1980. Also, Jordan's 2000 renter vacancy rate of 6.5 percent was higher than the city level of 2.8 percent.
In 2000, owner-occupied median housing values in Jordan rose slightly after a drop in 1990. Between 1980 and 2000, Jordan's median housing values were substantially lower than the city's.
The cost for a Jordan homeowner to maintain a house, including the mortgage, is slightly lower than the citywide median, but in 2000 the neighborhood's median housing cost as a percentage of median household income equaled the city. In 2000 neighborhood and city homeowners spent almost 30 percent of their household income on housing costs.
Jordan has consistently offered higher median gross rents than the citywide median. The dollar amounts for the neighborhood rose between 1990 and 2000. Meanwhile, median gross rent in Minneapolis also saw an increase during this time period.
In 2000, Jordan renters paid 25 percent of their median household income for median gross rent. In the city renters paid only 18 percent. In 1990 the percentages peaked for both Jordan and Minneapolis.
Last updated Sep 27, 2011