2023 Minnesota State Housing Profile
MHP announces the 2023 State Housing Profile, a precursor to MHP’s seminal State of the State’s Housing report. Released once every two years, this resource provides new data measurements at the state level in critical housing areas for 2023. MHP’s State Profile features data on cost-burdened households paying at least 30% of their income for housing, a spotlight on children affected by housing insecurity, the rise of evictions, homeownership disparities, a comparison of what jobs pay vs what renting and owning actually costs, and more.
Key takeaways from the 2023 State Profile:
- More than 590,530 Minnesotans are housing cost burdened, or at risk of needing to sacrifice basic needs like food and medicine to afford their home.
- The impacts of housing cost burden are felt disproportionately; more than three quarters of low-income Minnesotans are cost burdened, and 63% of senior renters are cost burdened. Additionally, 57% of Black renters and 45% of white renters experienced cost burden.
- Stable housing is foundational to a child’s well-being. In Minnesota, 279,000 children live in cost-burdened homes.
- In 2022, 22,455 evictions were filed around the state. Evictions have increased 33% in 2022 compared to pre-pandemic historic state filings.
- For renters struggling to make ends meet, finding an affordable home can be difficult. Minnesota currently has a shortage of 103,626 affordable and available homes for extremely low-income renters.
- Racial disparities in homeownership are among the worst in the nation. While 78% of white households own their home, only 31% of Black households are homeowners in Minnesota.
Download (PDF): Minnesota State Housing Profile