There were 695 occupied housing units in Page in 2000, a slight and gradual increase since 1980. Vacant housing units remained few and tended to decrease in number by 2000.
Homeowners are the overwhelming majority in Page, and home ownership increased steadily in the neighborhood from 1980 to 2000. The number of renter-occupied units, in contrast, decreased by 17 units.
The Page neighborhood homeowner vacancy rate followed the citywide trend, but landed consistently below the city's rate. By 2000, there were almost no dwellings for sale in the neighborhood and the vacancy rate fell to 0. The renter vacancy rate in the neighborhood increased steeply between 1990 and 2000 to 5.3 percent, which was higher than the citywide rate in 2000. But this high rate represents a very low number of rental units. In 2000, the neighborhood had only 36 renter-occupied units and only two vacant.
The median housing value is higher in the Page neighborhood than it is throughout Minneapolis. Housing values decreased in 1990 in both the neighborhood and the city. Between 1990 and 2000, housing values increased by $34,017 in the neighborhood and $19,648 for the city.
The percentage of income spent on maintaining a house, including mortgage, was lower for a homeowner in Page than citywide between 1980 and 2000. In 1990, homeowners in the neighborhood paid a median of 28 percent while throughout Minneapolis they paid 33 percent. In 2000, Page's median cost shrank to just 12 percent of household income, but Minneapolis' only went down a little, to 30 percent.
Page's median gross rent was about equal to the City of Minneapolis' in 1990 and 2000. In 1980, Page median gross rent was $72 less than citywide
From 1980 to 2000, Page neighborhood residents earning median income paid a lower percentage of their income for rent than median-income Minneapolis residents did. In 2000, Page residents paid about 9 percent of median household income for rent while City of Minneapolis residents paid 18 percent.
Last updated Sep 27, 2011