There were 2,807 housing units in Standish in 2000, 25 fewer than in 1980. The number of vacant housing units from 1980 to 1990 increased sharply from 53 to 82 units, a 55 percent increase. From 1990 to 2000, however, Standish experienced a 27 percent decrease in vacant housing units.
Of Standish housing units in 2000, 84 percent are owner-occupied and 16 percent are renter-occupied. Between 1980 and 2000, home ownership increased by 3 percent, whereas renter-occupied housing decreased by 9 percent.
Standish's homeowner vacancy rate remained lower than Minneapolis'. The citywide homeowner vacancy rate increased slightly from 1980 to 1990, 1.3 percent to 1.9 percent, but fell to 0.7 percent in 2000. Standish's homeowner rate also increased between 1980 and 1990 (from 0.6 percent to 1.2 percent) but fell back to the 1980 rate in 2000. In both 1980 and 1990, Standish's renter vacancy rates were lower than the city's rates. However, the renter vacancy rate for Standish increased from 2.9 percent in 1980 to 3.8 percent in 2000, surpassing Minneapolis' level.
Median values for owner-occupied housing in Standish decreased 19 percent between 1980 and 1990, paralleling a citywide trend. Between 1990 and 2000, median housing values increased 13 percent in Standish and 21 percent in Minneapolis. In 2000, the median housing value in the neighborhood was 21 percent lower than the city's median housing value.
Over the three decades, Standish median housing costs as a percentage of median household income remained lower than the Minneapolis rates. In 2000, Standish homeowners earning median household income paid 23 percent of their income on housing costs, where Minneapolis homeowners paid 30 percent. In the neighborhood and in the city, median housing costs as a percentage of median household income decreased since the 1990 peak, but are still higher than 1980 costs.
Overall, Standish has higher median gross rent than Minneapolis. Between 1980 and 1990, Standish median gross rent fell 5 percent, whereas median gross rent for the city rose 17 percent. Between 1990 and 2000, Standish and Minneapolis median gross rents grew at the same rate: 3 percent.
Standish's median gross rent as a percentage of median household income steadily decreased from 19 to 16 percent between 1980 and 2000. By comparison, Minneapolis' median gross rent increased slightly from 17 to 18 percent between 1980 and 2000, peaking in 1990 at 20 percent. Over the past decade, Standish median gross rent was slightly lower than that of Minneapolis.
Last updated Sep 27, 2011