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Rising rents and falling incomes have hurt renters in all but 3 of Minnesota’s 87 counties

A report out today from the Minnesota Housing Partnership says that since 2000, Minnesota’s median rents have risen by 6 percent, while incomes for renters have fallen by 17 percent.

A new report from the Minnesota Housing Partnership says rent affordability has become more difficult in 84 of Minnesota’s 87 counties.

Only Wilkin, Marshall and Stevens counties in western Minnesota were not negatively impacted by rising rents and falling incomes that have been seen in the state since 2000.

The report says that overall, “since 2000, Minnesota’s median rents have risen by 6 percent, while incomes for renters have fallen by 17 percent.”

Notes the report: “Minnesota is recognized as a national leader for its commitment to helping families with affordable ownership and rental homes. Nevertheless, housing has become too costly for growing numbers of low- and moderate-income Minnesotans. All Minnesotans are affected when low- and moderate-income families cannot find affordable homes.”

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Chip Halbach, Executive Director of the Minnesota Housing Partnership, said in a statement: “Vulnerable seniors and children are, unfortunately, far from immune to homelessness. In the area of housing we have a responsibility to those who have built our communities, and to those who will create the communities of the future.”

The partnership says data for the county-by-county profiles come from many sources, including the American Community Survey (ACS) from the U.S. Census Bureau, Housing and Urban Development (HUD), the Bureau of Labor Statistics, Minnesota Department of Employment and Economic Development, and the Minnesota Department of Revenue.