Tangletown had 1,892 housing units in 2000, 91 more units than it had in 1980. In 2000, the number of vacant housing units was similar to previous decades. The vacancy rate hovered between 1.3 percent and 1.2 percent between 1980 and 2000.
Historically, Tangletown has been a neighborhood with a high percentage of owner-occupied housing stock. The proportion of owner-occupied housing units in the neighborhood decreased slightly from 76 percent of the housing stock in 1980 to 75 percent in 2000. But this happened while the number of owner-occupied units increased from 1,344 in 1980 to 1,401 in 2000.
Homeowner and renter vacancy rates are low in the neighborhood compared to the city, and they declined further between 1980 and 2000. The homeowner vacancy rate was almost zero in 2000, as only two houses were reported for sale in the census that year. The 2000 census also reported just two units available for rent, with a result of a very low renter vacancy rate.
In 2000, the median value of owner-occupied housing in Tangletown remained well above the citywide value. In 2000, the neighborhood's median was $84,200 more than the citywide median. Between 1980 and 2000, neighborhood values increased by more than 29 percent.
The percentage of income spent to maintain a house, including the mortgage, decreased sharply in this neighborhood from 1980 to 2000. Median housing cost as a percentage of median housing income declined as the income of Tangletown residents increased. In 1980, Tangletown homeowners paid 46 percent of their income while Minneapolis homeowners paid 27 percent. In 2000, neighborhood homeowners paid 23 percent compared to homeowners paying 30 percent citywide.
The median gross rent in Tangletown consistently costs more than the citywide rent. The neighborhood median gross rent declined between 1990 and 2000, while in Minneapolis it went up slightly.
The percentage of median household income spent on median gross rent in Tangletown declined steadily from a high of 29 percent in 1980 to 19 percent in 1990. In 2000, Tangletown renters paid 10 percent of income for rent, which was lower than the 18 percent paid citywide.
Last updated Sep 27, 2011