Thriving communities require a range of housing opportunities. Minnesota is recognized as a national leader for its commitment to helping families with affordable ownership and rental homes. Nevertheless, housing has become too costly for growing numbers of low- and moderate-income Minnesotans. In recent years, housing costs have risen faster than income, as the graphic below illustrates.

* In nominal dollars
Source: Minnesota Department of Revenue & American Community Survey, 2001-2007.

MHP’s Housing Trends gauge Minnesota's progress towards achieving homes for all. They illustrate changes over time with regards to key data, including foreclosure, homelessness, rental and ownership affordability, housing costs relative to employment, and others.

Spotlight on the Housing Market (January 2009)

Trend Comparisons

• Number of Extremely Cost Burdened Households

• Share of Extremely Cost Burdened Households

• Income Gap: Essential Services and Common Occupations

• Distribution of Cost Burdened Households

• Rental Affordability Index

• Ownership Affordability Index

• Homelessness

• Foreclosures

• Senior Cost Burden

Trends by Geography

• Minnesota

• Duluth

• Rochester

• St. Cloud

• Twin Cities Metro
  
  

Technical information on these charts can be found here.