There were 1,703 housing units in Lind-Bohanon in 2000, 234 fewer than in 1980. The number of occupied housing units in the neighborhood also declined from its 1980 level, while the number of vacant housing units saw a slight increase. In 1980, 2.1 percent of the housing stock was vacant in comparison with 3.5 percent in 2000.
With fewer housing units, the numbers occupied by owners and renters have steadily declined between 1980 and 2000. Still, the proportion of owner-occupied units remained higher than renter-occupied, with 81 percent owner-occupied in 1980 and 85 percent owner-occupied in 2000.
homeowner vacancy rate in Lind-Bohanon remained at around 0.8 percent between 1980 and 2000, peaking at 1.3 percent in 1990. Citywide vacancy rates, which followed a similar trend, tended to be slightly higher than the neighborhood's. This changed in 2000, when the Minneapolis rate dipped a fraction of a percent below Lind-Bohanon's rate. The renter vacancy rates in the neighborhood and the city increased in 1990 and then decreased in 2000 below their 1980 values. In 2000, the renter vacancy rate was slightly higher in the neighborhood at 3.2 percent than in Minneapolis at 2.8 percent.
Median housing values are lower in Lind-Bohanon than in the city. Both figures, which decreased in 1990 before increasing again in 2000, remained below 1980 levels. By 2000 the median value of a house in the neighborhood was $34,700 lower than citywide.
In general, costs of maintaining a house including mortgage are lower in Lind-Bohanon than in the city. However, median costs as a proportion of median income escalated from 20 percent in 1980 to 27 percent in 2000. Despite this increase, the neighborhood percentages still compare favorably with higher proportions in the city.
Lind-Bohanon's median gross rent was higher than the citywide median
In 1980, median rent cost the same proportion of median household income in Lind-Bohanon and in the City of Minneapolis. As neighborhood rent increased, the percentage of median household income that went toward that rent climbed above the citywide level. In 2000, median rent as a proportion of median household income was 23 percent in the neighborhood and 18 percent citywide.
Last updated Sep 27, 2011