This Web-based document was archived by the Minnesota Legislative Reference Library.
Minnesota Milestones 2010: Home ownership
 
 
How is Minnesota doing?
Keep an eye out for these images to quickly tell which way the trend is going:
Thumbs down
Undesirable or negative
Thumbs maybe
No change, or not enough data to draw conclusions
Thumbs up
Desirable or positive.

What were things like in 2002?

The following idicator summary is from the 2002 Minnesota Milestones and does not neccessarily reflect the current data trends.
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Indicator : Home ownership

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.
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.

Home ownership in Minnesota, two or more races (percent)
YearData
Home ownership in Minnesota, total (percent), U.S. Bureau of the Census Edit trend | Edit data
Home ownership in Minnesota, American Indian or Alaska Native alone (percent), U.S. Bureau of the Census Edit trend | Edit data
Home ownership in Minnesota, Asian alone (percent), U.S. Bureau of the Census Edit trend | Edit data
Home ownership in Minnesota, Black or African American alone (percent), U.S. Bureau of the Census Edit trend | Edit data
Home ownership in Minnesota, Native Hawaiian or other Pacific Islander alone (percent), U.S. Bureau of the Census Edit trend | Edit data
Home ownership in Minnesota, White alone (percent), U.S. Bureau of the Census Edit trend | Edit data
Home ownership in Minnesota, some other race alone (percent), U.S. Bureau of the Census Edit trend | Edit data
Home ownership in Minnesota, two or more races (percent), U.S. Bureau of the Census Edit trend | Edit data
Total American Indian or Alaska Native alone Asian alone Black/African American alone Native Hawaiian/ Pacific Islander alone White alone Some other race Two or more races
198071.7% N N N N N N N
199071.8% N N N N N N N
199168.9% N N N N N N N
199266.7% N N N N N N N
199365.8% N N N N N N N
199468.9% N N N N N N N
199573.3% N N N N N N N
199675.4% N N N N N N N
199775.4% N N N N N N N
199875.4% N N N N N N N
199976.1% N N N N N N N
200074.6% 50.1% 53.3% 31.5% 46.8% 77.2% 38.1% 46%
200176.1% N N N N N N N
200575.8% N N N N N N N
200676.3% N N N N N N N
200775.2% N N N N N N N
200874.7% N N N N N N N
200973.7% N N N N N N N
         Select data sets for individual graphing:
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.
Sources:
  • U.S. Bureau of the Census, Decennial Census, 1980, 1990 and 2000; estimates for other years, Current Population Survey: www.census.gov
    • Related 2002 Milestones indicator:
    Other related indicators:
    Local data:
    County level data:
    Home ownership in Minnesota, total (percent)

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    Home ownership in Minnesota, total (percent)

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    Milestones is a product of the Minnesota State Demographic Center, a division of the Department of Administration