The number and percentage of occupied housing units in Longfellow declined since 1980. The percentage of vacant housing units peaked in 1990, when they accounted for 5 percent of the housing stock. In 2000, the number of vacant housing units in the neighborhood decreased and accounted for just 2 percent of the total housing in the neighborhood.
Longfellow is a neighborhood with similar proportions of homeowners and renters, although homeowners tend to get more than 50 percent of the share of housing units. In 2000 the total amount of owner-occupied housing was very similar to the 1980 total, but renter-occupied units tended to decrease.
Longfellow's homeowner vacancy rate was consistently lower than the citywide figure between 1980 and 2000, and it decreased during this time. The neighborhood's and Minneapolis' rental vacancy trend lines mirrored each other; both peaked in 1990 and then dropped substantially in 2000.
Longfellow's median housing values remained below the citywide figure between 1980 and 2000. The neighborhood had housing values 15 percent below Minneapolis' in 1980, 12 percent in 1990 and 19 percent in 2000.
Between 1980 and 2000, the median gross rent for Longfellow and Minneapolis was never further apart than 4 percent. In 1980, Longfellow's median gross rent was 4 percent higher than citywide, and in 2000 it was 3 percent lower. Longfellow's median gross rent (measured in 2000 dollars) increased 12 percent from 1980 to 2000 while the citywide rent increased 20 percent.
Last updated Sep 27, 2011