There were 7,270 housing units in Whittier in 2000, 400 fewer than in 1980. The number of vacant housing units increased sharply in 1990, but in 2000 only a few units were vacant.
Most of the housing units in this neighborhood are renter occupied. However, home ownership has been increasing steadily since 1980, and at a faster rate than renter-occupied housing.
There has been a dramatic decrease in Whittier's homeowner vacancy rate, from 17.3 percent in 1980 to 0.8 percent in 2000. The citywide homeowner vacancy rate increased slightly in 1990 but decreased to 0.7 percent in 2000. The renter vacancy rate also fell in the neighborhood to the lowest level in two decades. In 2000 the renter vacancy rate in Whittier was lower than the city level of 2.8 percent.
Median values for owner-occupied housing in Whittier have increased significantly in constant dollars since 1990, when they dropped by about 7.5 percent from 1980 values. In 2000 median housing values in the neighborhood were about 25 percent higher than in the city.
The cost for a homeowner of maintaining a house, including the mortgage, is high in this neighborhood. In 2000, median housing cost in Whittier was 42 percent of median household income in comparison with 30 percent in Minneapolis. In the neighborhood as well as in the city, the median housing cost as a percentage of median household income has decreased since the 1990 peak, but it is still high compared to 1980 costs.
In 1990 Whittier was a relatively affordable neighborhood for a renter, but in 2000 its median gross rent exceeded Minneapolis' median gross rent.
In comparison with median household income median gross rent was 25 percent of the neighborhood median household income, while it was only 18 percent for Minneapolis. In the neighborhood and in the city, median gross rent as a percentage of median household income increased in 1990 and then decreased in 2000 to near the same respective levels as 1980.
Last updated Sep 27, 2011