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Twin Cities Housing By The Numbers: MHP's "2×4" Report

The Minnesota Housing Partnership just released their latest version of their "2x4" Report and there are some important takeaways: 3.1% The vacancy rate of of rental units in the Twin Cities - the lowest since 2001 and well under the "balanced market" level of 5%. Vacancy rate was over 7% just 18 months ago. $916 Average rent, up for the last 3 straight quarters. 13% Percentage of renters in non-luxury units with past due rent - down from approximately 24% in Q2 2009. 6% Percentage of mortgages in Minnesota that … [Read more...]

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.