- Created: Tuesday, 29 April 2014 08:20
- Written by Chip Halbach
All over the news are reports about the rental vacancy rate in the Twin Cities hovering around 2%. When a "balanced" market is considered to have vacancy rates of 5%, this current metro situation translates to a tight rental market. But what about the rest of state? Across Minnesota, we are seeing indications that the supply of rental housing is not keeping up with demand, for all but very high income households. The problem is particularly serious in Greater Minnesota communities experiencing robust job growth.