The housing stock was quite stable from 1980 to 2000, with 1,364 housing units in Morris Park in 2000. Not many units were vacant, either. The vacancy rate was consistently low between 1980 and 2000. The neighborhood experienced its lowest vacancy rate of 1.4 percent in 1980. That figure increased slightly in 1990 to 2 percent before dropping to 1.9 percent in 2000.
Home ownership in Morris Park is very high. From 1980 to 2000, it has been greater than 85 percent.
The homeowner and renter vacancy rates in Morris Park were consistently lower than Minneapolis' vacancy rates. The percentages for the neighborhood and the city both reached their highest point in 1990.
Morris Park's median housing values were consistently below Minneapolis' between 1980 and 2000. The neighborhood's median value was 8 percent below the city's in 1980, and the difference increased to 17 percent in 2000.
Morris Park's median housing costs as a percentage of median household income were well below the Minneapolis figure. The neighborhood's trend was also somewhat different than the city's. The percentage of income spent on housing in Morris Park increased in 1990 and 2000, while the percentage spent in Minneapolis peaked in 1990.
Morris Park's median gross rent cost more than Minneapolis' in all three census years. The neighborhood's median rent was 33 percent higher than the city's in 1980 and 1990; this dropped to a 9 percent difference in 2000.
The percentage of income spent on rent was similar for Morris Park and Minneapolis between 1980 and 2000. The neighborhood and the city followed the same trends during this period, peaking in 1990. In 2000 Morris Park renters spent 17 percent of median household income on rent compared to 18 percent spent throughout Minneapolis.
Last updated Sep 27, 2011