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Minneapolis Housing, Costs

Monthly Minneapolis housing costs for owner-occupied housing units. Costs are in two categories, for owners with a mortgage, and without a mortgage. Costs are displayed in dollar amounts in the first table, and as a percentage of total income in the second table.


Housing costs

Number

Percent

Specified owner-occupied housing units

69,008

100.0%

 

 

 

With a mortgage

54,379

78.8%

Less than $200 monthly

34

0.1%

$200 - $299 monthly

125

0.2%

$300 - $399 monthly

593

1.1%

$400 - $499 monthly

1,661

3.1%

$500 - $599 monthly

2,940

5.4%

$600 - $699 monthly

5,260

9.7%

$700 - $799 monthly

6,202

11.4%

$800 - $899 monthly

6,948

12.8%

$900 - $999 monthly

6,045

11.1%

$1,000 - $1,499 monthly

16,432

30.2%

$1,500 - $1,999 monthly

4,688

8.6%

$2,000 - $2,499 monthly

1,561

2.9%

$2,500 - $2,999 monthly

749

1.4%

$3,000 or more monthly

1,141

2.1%

Median in dollars

957

 

 

 

 

Without a mortgage

14,629

21.2%

Less than $100 monthly

61

0.4%

$100 - $149 monthly

210

1.4%

$150 - $199 monthly

847

5.8%

$200 - $249 monthly

2,913

19.9%

$250 - $299 monthly

3,203

21.9%

$300 - $399 monthly

4,435

30.3%

$400 - $499 monthly

1,367

9.3%

$500 - $699 monthly

897

6.1%

$700 or more monthly

696

4.8%

Median in dollars

301

 


Housing costs as a percentage of monthly income (1999)

Number

Percent

With a mortgage

54,379

78.8%

Less than 20%

26,169

48.1%

20 - 24%

9,009

16.6%

25 - 29%

6,036

11.1%

30 - 34%

3,776

6.9%

35% or more

9,186

16.9%

Not computed

203

0.4%

Median

20.5%

 

 

 

 

Without a mortgage

14,629

21.2%

Less than 20%

11,367

77.7%

20 - 24%

905

6.2%

25 - 29%

674

4.6%

30 - 34%

405

2.8%

35% or more

1,147

7.8%

Not computed

131

0.9%

Median

10.7%

 





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