Available housing in Windom was scarce in 1980, but by 1990 vacancy levels had quadrupled. Housing availability decreased again from 1990 to 2000, as did the total number of housing units in the neighborhood.
Half of the housing units in Windom are owner-occupied and the other half are renter-occupied. In 2000, 1,092 units were occupied by their owners and 1,066 were being rented.
Trends in homeowner and renter vacancy rates in Windom have been similar to rates in the City of Minneapolis over the past 20 years. In 1990, Windom renter vacancy rates increased from 1.2 percent to 7.6 percent. In 2000, rates dropped to around 3 percent. The Windom homeowner vacancy rate was only 0.2 percent in 2000, and it was below the Minneapolis rate.
In 2000, the median housing value in Windom was $133,000. Housing values dropped in 1990 but increased again in 2000. Trends in median housing values in Windom and in Minneapolis were similar for the three decades, although values in Windom were approximately $15,000 to $20,000 greater.
The median gross rent in Windom decreased slightly from $683 per month in 1990 to $675 in 2000. Median rent was $100 more in Windom than in Minneapolis in 2000.
In 1980, renters in Windom paid a higher percentage of median household income for gross rent than Minneapolis residents did, 19 percent compared to 17 percent citywide. In 1990, rent in Windom increased more than median household income; as a result, residents paid 20 percent of their incomes for rent. In 2000, median gross rent as a percentage of median household income was the same in the neighborhood and the city.
Last updated Sep 27, 2011