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Market Watch: Trends in the unsubsidized multifamily rental market

Across the Twin Cities, the growing ranks of renter households are facing an increasingly challenging housing market with rising rents and declining vacancy rates. While developers are leveraging public and private resources to create new affordable units, current owners of unsubsidized rental properties have few tools to preserve and improve aging properties to maintain homes for current and future tenants. 

Building on its 2016 "Sold Out" report, Minnesota Housing Partnership is launching a new research series tracking key trends in the unsubsidized multi-family rental markets across the Twin Cities.

The first report, published in March 2018, analyzes data for approximately 50,000 unsubsidized rental units in properties with four or more units in Minneapolis from the CoStar database.  

Read more and download the Minneapolis report. 

The second report, published in July 2018, analyzes data for approximately 28,740 unsubsidized rental units in properties with four or more units in Saint Paul from the CoStar database. 

Read more and download the Saint Paul report. 

The third report, published in November 2018, focuses on typology of unsubsidized rental units, analyzing data for 210,915 unsubsidized rental units in properties with four or more units in the 7-county metro from the CoStar database.

Read more and download the Twin Cities report.

The fourth report, published in January 2019, analyzes data for approximately 23,800 unsubsidized rental units in properties with four or more units in Dakota County from the CoStar database. 

        Read more and download the Dakota County report.

The fifth report, published in October 2019, analyzes data for approximately 117,800 unsubsidized rental units in properties with four or more units in Hennepin County from the CoStar database. 

        Read more and download the Hennepin County report.

The sixth report, published in October 2021, provides updates and further analyzes on layers of affordability in the unsubsidized multi-family rental markets around the state through a series of maps. Data from the CoStar database. 

        Read more and download the 2021 NOAH Updates: Greater MN and the 7-County Metro

The seventh report, published in May 2021, analyzes data for approximately 6,449 unsubsidized rental units in properties with four or more units in the Northland Region from the CoStar database. 

        Read more and download the Northland Region report.