This Web-based document was archived by the Minnesota Legislative Reference Library.
Minnesota Milestones 2010: Home Ownership
 
 
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Indicator 45: Home Ownership

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Goal: All Minnesotans will have decent, safe and 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.
About this indicator: The rate of home ownership in Minnesota has leveled off and fallen slightly since 2005. The rate was 73.7 percent in 2009, down from 75.8 percent in 2005. The crisis in the housing market has increased the number of foreclosures and made some families leery about buying a house.

Home ownership rose substantially in the 1990s and early 2000s. The 1990 rate was 71.8; this rose to 74.6 percent in 2000.

Home ownership in Minnesota, total (percent)


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Home ownership in Minnesota, total (percent)
YearData
Home ownership in Minnesota, total (percent), U.S. Bureau of the Census
1980 71.7%
1990 71.8%
1991 68.9%
1992 66.7%
1993 65.8%
1994 68.9%
1995 73.3%
1996 75.4%
1997 75.4%
1998 75.4%
1999 76.1%
2000 74.6%
2001 76.1%
2005 75.8%
2006 76.3%
2007 75.2%
2008 74.7%
2009 73.7%
For comparison: In 2009, Minnesota had the highest home ownership rate among all states. The national average was 65.9 percent.
Sources:
Related 2002 Milestones indicator:
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