Housing

The number of housing units rose 13 percent in Lowry Hill between 1980 and 2000 – an increase of 280 units. The amount of vacant housing peaked at 202 units in 1990.

Lowry Hill's owner-occupancy rate consistently rose from 1980 to 2000. The neighborhood reported a homeowner occupancy rate of 29 percent in 1980, 31 percent in 1990 and 33 percent in 2000.

The homeowner vacancy rate for Lowry Hill was almost 5 percent in 1980; this declined by 2000 to a level below the Minneapolis percentage. The renter vacancy rates for Lowry Hill and Minneapolis were similar in 1980. In 1990, the neighborhood renter vacancy rate increased more than the citywide rate. By 2000, both Lowry Hill and Minneapolis reported a renter vacancy rate near 3 percent.

Median housing values in Lowry Hill were consistently higher than they were citywide from 1980 to 2000. The difference between the neighborhood and Minneapolis during this time period increased from $168,021 in 1980 to $342,833 in 2000. Lowry Hill's median house values between 1980 and 2000 rose 61 percent (adjusted in 2000 dollars), a contrast to the 1-percent decrease citywide during this period.

Median housing costs as a percentage of household income were consistently higher in Lowry Hill than citywide from 1980 to 2000. The neighborhood percentage steadily increased from 47 percent in 1980 to 72 percent in 2000. Minneapolis peaked in 1990 at 33 percent and fell to 30 percent in 2000.

Median gross rent steadily rose in both Lowry Hill and Minneapolis between 1980 and 2000. Lowry Hill's median gross rent was consistently higher during this period. The difference between the neighborhood and Minneapolis increased from 7 percent in 1980 to 20 percent in 2000.

Lowry Hill's median gross rent as a percentage of household income was lower than the percentage citywide in the 1980 and 1990 census reports. However, both the neighborhood and Minneapolis reported 18 percent in 2000.

Last updated Sep 27, 2011