Department of Numbers

Housing Units, Population and Cost Rank Measures for Minnesota

Here we explore the evolution and dynamics of the housing supply in Minnesota, the relative cost of Minnesota housing, the housing mix and the change in Minnesota population. Housing supply here is defined as the number of housing units (i.e: houses, condos, apartments etc..). For this analysis, the Minnesota population number we're most interested in is the 18 and over population since the under 18 population typically isn't a buyer or renter in the housing market. All data on this page comes from the Census ACS 1 year survey. Jump to Minnesota sections: housing units, housing cost, housing mix, population.

Housing Units and 18+ Population for Minnesota

The data below track the total number of housing units in Minnesota, the total 18 and over population in Minnesota and the ratio of the 18 and over Minnesota population to the number of housing units. Over the past 5 years, the number of Minnesota housing units increased by 3.87% while the 18 and over population increased by 3.90%. As a result, the ratio of the 18 and over population to housing units increased from 1.750 to 1.750. A lower population to housing units ratio means there are more housing units available per person in the region.

2019 1 Year Change 5 Year Change
Minnesota Housing Units 2,477,515 +0.89% +3.87%
Minnesota 18+ Population 4,336,963 +0.65% +3.90%
Minnesota 18+ Pop. / Units 1.750 -0.004 +0.001

Minnesota 18+ Population to Units Ratio Trends: Minnesota, US

Minnesota Housing Units and 18+ Population History

Date Minnesota Housing Units Minnesota 18+ Population Minnesota 18+ Pop. / Units
2019 2,477,515 4,336,963 1.750
2018 2,455,637 4,309,132 1.755
2017 2,437,726 4,278,824 1.755
2016 2,409,701 4,231,329 1.756
2015 2,397,081 4,206,696 1.755
2014 2,385,261 4,174,065 1.750
2013 2,368,754 4,137,786 1.747
2012 2,361,074 4,101,339 1.737
2011 2,354,075 4,067,200 1.728
2010 2,348,242 4,026,931 1.715
2009 2,331,243 4,008,282 1.719
2008 2,331,203 3,970,566 1.703

more history ...

Minnesota Relative Housing Cost Percentile by Price and Rent

This data shows where Minnesota falls in the distribution of home prices and rent compared to other states (and D.C.). The higher the percentile, the more expensive the region is compared to the rest of the country. In 2019, Minnesota was at the 58.82% percentile for home prices and the 54.90% percentile for the cost of rent. Over the past 5 years, Minnesota home prices have become less expensive compared to the rest of the country and rent in Minnesota has become more expensive over the past 5 years relative to the rest of the country.

Minnesota Home Price and Rent Percentile

2019 1 Year Change
(delta)		 5 Year Change
(delta)
Minnesota Home Price Percentile 58.82% -1.96% 0.00%
Minnesota Rent Percentile 54.90% +1.96% +1.96%

Minnesota Trends in Home Price and Rent Percentile: Minnesota, US

Minnesota Home Price and Rent Percentile History

Date Minnesota Home Price Percentile Minnesota Rent Percentile
2019 58.82% 54.90%
2018 60.78% 52.94%
2017 60.78% 52.94%
2016 60.78% 52.94%
2015 58.82% 52.94%
2014 58.82% 52.94%
2013 60.78% 52.94%
2012 60.78% 52.94%
2011 62.75% 52.94%
2010 64.71% 52.94%
2009 60.78% 52.94%
2008 56.86% 52.94%

more history ...

Minnesota Housing Units: Owner Occupied, Renter Occupied and Vacant

The data below shows the number of housing units in Minnesota by type. Over the past 5 years, the number of housing units held by owner occupiers increased by 4.72% while the total number of rented units in Minnesota increased by 3.55%. Units that were vacant1 decreased by 0.44% over the last 5 years.

Minnesota Changes in Owned, Rented and Vacant Units

2019 1 Year Change 5 Year Change
Minnesota Owner Occ. Units 1,598,396 +1.94% +4.72%
Minnesota Renter Occ. Units 624,172 -0.37% +3.55%
Minnesota Vacant Units 254,947 -2.39% -0.44%

Minnesota Housing Share Trends: Owned, Rented and Vacant: Owned, Rented, Vacant

The chart below shows the share of each housing type in Minnesota as a fraction of total housing units.

Minnesota Owned, Rented and Vacant Units History

Date Minnesota Owner Occ. Units Minnesota Renter Occ. Units Minnesota Vacant Units
2019 1,598,396 624,172 254,947
2018 1,567,939 626,513 261,185
2017 1,547,594 614,617 275,515
2016 1,532,031 616,694 260,976
2015 1,523,273 623,989 249,819
2014 1,526,406 602,789 256,066
2013 1,516,900 603,054 248,800
2012 1,508,810 603,133 249,131
2011 1,525,449 571,028 257,598
2010 1,527,328 564,220 256,694
2009 1,537,420 548,347 245,476
2008 1,559,939 529,510 241,754

more history ...

Minnesota Population

This data shows the population of Minnesota for the under 18 category and the 18 and over category. In the last 5 years the under 18 population has increased by 1.52% while the 18 and over population has increased by 3.90%.The total population of Minnesota has increased by 3.34% in the last 5 years.

Changes in Minnesota Population

2019 1 Year Change 5 Year Change
Minnesota Population Under 18 1,302,669 +0.05% +1.52%
Minnesota Population 18+ 4,336,963 +0.65% +3.90%
Minnesota Total Population 5,639,632 +0.51% +3.34%

Minnesota Population Age Share: Under 18, 18 and Over: 18+, Under 18

Minnesota Population History

Date Minnesota Population Under 18 Minnesota Population 18+ Minnesota Total Population
2019 1,302,669 4,336,963 5,639,632
2018 1,302,047 4,309,132 5,611,179
2017 1,297,782 4,278,824 5,576,606
2016 1,288,623 4,231,329 5,519,952
2015 1,282,898 4,206,696 5,489,594
2014 1,283,108 4,174,065 5,457,173
2013 1,282,594 4,137,786 5,420,380
2012 1,277,800 4,101,339 5,379,139
2011 1,277,661 4,067,200 5,344,861
2010 1,283,653 4,026,931 5,310,584
2009 1,257,933 4,008,282 5,266,215
2008 1,249,827 3,970,566 5,220,393

more history ...

1. The Census defines a vacant unit as belonging to the following set: For rent, Rented not occupied, For sale only, Sold not occupied, For seasonal or recreational or other occasional use, For migrant workers, Other vacant. ↩

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