Chart of the Day: Twin Cities Rental Households by Income

You might have missed Greta Kaul’s excellent article in Minnpost a while back, bringing some data into the conversation about the Twin Cities housing market. It is well worth your time and describes how the rental and home markets have changed over the last 5-10 years.

Here’s one of the charts that caught my eye:

People often think that renters are, by default, also people without who are in the lower income brackets. But that’s becoming less the case over the last few years. Describing the chart, Kaul writes:

Many of these new, higher-income renters might be homebuyers if it weren’t for a small stock of starter homes available, said Chip Halbach, the executive director of the Minnesota Housing Partnership, who has been working on housing affordability in the Twin Cities since the late-’70s.

There are a bunch of other great bits of data in the piece, showing the effects of the area housing shortage in different ways. Check it out!

Bill Lindeke

About Bill Lindeke

Pronouns: he/him

Bill Lindeke has writing blogging about sidewalks and cities since 2005, ever since he read Jane Jacobs. He is a lecturer in Urban Studies at the University of Minnesota Geography Department, the Cityscape columnist at Minnpost, and has written multiple books on local urban history. He was born in Minneapolis, but has spent most of his time in St Paul. Check out Twitter @BillLindeke or on Facebook.