Goal: People at all income levels have housing opportunities throughout the state.
Housing is more than shelter. Our communities need stable neighborhoods where families can put down roots. Children need safe, stable homes and neighborhoods to flourish. Having affordable housing available throughout the metro area is important to a strong economy. It reduces worker shortages for employers, and transportation problems for workers. Concentrations of poverty in neighborhoods make them less stable, decreases property values and makes the area less desirable for businesses.
- Twenty-six percent of Minnesota households are housing cost-burdened, paying 30 percent or more of their income for housing. This represents several years of decline in housing cost burden since the Great Recession, when the share of households paying too much for housing peaked at 34 percent.
- Regionwise, Minnesota's Twin Cities, Central, and Northland regions have the highest share of households paying "too much" for housing. The rate ranges from 25 to 31 percent by region.
- Seventy-six percent of non-Hispanic white householders and 41 percent of householders of color own their homes, a gap of 35 percentage points. This gap has held steady for the last few decades. Minnesota's gap in homeownership by race is substantially larger than for the U.S., both because a smaller share of householders of color own their home in Minnesota compared to the nationwide homeownership rate AND a greater share of non-Hispanic white householders own their home in Minnesota compared to the nationwide homeownership rate.
- The Wilder Research homelessness study, conducted on one night in October 2015, counted 9,312 homeless adults, youth, and children. The total number of homeless people in Minnesota declined in 2015 for the first time since 2006.
Stable housing improves a child's chance for school success. A vibrant economy depends on a workforce that has stable, affordable housing. Housing is an essential part of life for all residents, from immigrants to youth to older adults. Housing trends also vary by town and neighborhood.