Thriving communities require a range of housing opportunities. 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. In recent years, housing costs have risen faster than income, as the graphic below illustrates.
* In nominal dollars
Source: Minnesota Department of Revenue & American Community Survey, 2001-2007.
MHP’s Housing Trends gauge Minnesota's progress towards achieving homes for all. They illustrate changes over time with regards to key data, including foreclosure, homelessness, rental and ownership affordability, housing costs relative to employment, and others.