Department of Administration
658 Cedar St., Suite 300, St. Paul, MN 55155 651-296-6398
Page last modified: Monday, 04-Mar-2013 15:10:15 CST
Saturday May 25, 2013 01:34:31 PM
|Dept. of Administration / Office of Geographic and Demographic Analysis|
Minnesota Milestones Links
The Office of Geographic and Demographic Analysis is no longer a division of the Dept. of Administration.
The work units which made up this division can be found on the left menu of this page. Resources found on the GDA website are being
migrated to other domains.
Indicator 4 8 : Home ownership
Goal: All Minnesotans will have decent, safe and affordable housing. An adequate supply of affordable housing is vital to healthy families, communities and local economies. Concern about affordability is mounting in many communities, especially where affordable housing is being eliminated and where growing businesses have trouble attracting workers due to shortages of affordable housing.
Rationale: A high home ownership rate is typically an indication that the housing stock is in at least fair condition and that housing is affordable.Home ownership in Minnesota, total (percent)
Data source: U.S. Bureau of the CensusHome ownership in Minnesota, American Indian or Alaska Native alone (percent)
Data source: U.S. Bureau of the CensusHome ownership in Minnesota, Asian alone (percent)
Data source: U.S. Bureau of the CensusHome ownership in Minnesota, Black or African American alone (percent)
Data source: U.S. Bureau of the CensusHome ownership in Minnesota, Native Hawaiian or other Pacific Islander alone (percent)
Data source: U.S. Bureau of the CensusHome ownership in Minnesota, White alone (percent)
Data source: U.S. Bureau of the CensusHome ownership in Minnesota, some other race alone (percent)
Data source: U.S. Bureau of the CensusHome ownership in Minnesota, two or more races (percent)
Data source: U.S. Bureau of the Census
About this indicator: The percentage of housing units occupied by owners dipped early in the last decade, but since 1996 three out of four Minnesota homes were owner-occupied. A high home ownership rate typically reflects a strong economy and an affordable housing market. As the employment rate and income rose during the 1990s, Minnesota's home ownership rate climbed. High home ownership rates for communities and neighborhoods signify long-term economic and social commitments by homeowners.
Home ownership rates differ significantly by race. In 2000, householders who identified themselves as a single race had the following home ownership rates: Black or African American, 31.5 percent; American Indian or Alaska Native, 50.1 percent; Asian, 53.3 percent, Native Hawaiian or Other Pacific Islander, 46.8 percent; and White, 77.2 percent. Due to changes in race classifications in the 2000 Census, no comparison is possible with previous census data.
For comparison: Minnesota continues to have one of the highest home ownership rates in the United States, ranking fourth in 2001. Michigan, Iowa and West Virginia had the three highest rates respectively in 2001. The national home ownership rate in 2001 was 67.8 percent, compared to 76.1 percent in Minnesota. In the 2000 Census, Chisago and Scott counties had the highest home ownership rates in Minnesota at 87 and 86 percent, respectively. Ramsey and Hennepin counties had the lowest rates at 63 and 66 percent.
Things to think about: Large urban centers tend to have lower home ownership rates, primarily because of the large numbers of apartments in their housing stock and significant concentrations of poverty.
Technical notes: The survey methodology changed beginning in 1994. Therefore, data before and after that date are not comparable.
Other related indicators:
Technical problems? Contact: email@example.com