Finding an affordable place to rent has gotten more difficult, and not just in the Twin Cities, a new set of county-by-county housing profiles finds.
Minnesota Housing Partnership's 2014 County Profiles reveal that affording rent is now more difficult for renters than it was in the year 2000 in all but three of
's 87 counties. Rising rents and
falling incomes for renters are to blame. Minnesota
's median rents have risen by 6%,
while incomes for renters have fallen by 17%. Minnesota
This pattern plays out in most of the state's counties, with median rents rising in all but six counties, and renter incomes falling in most. The gap between rents and incomes has worsened in all but three
Western Minnesota counties (Wilkin, Marshall, and
Stevens) since 2000.
When rents grow unaffordable, lowest income renters are at particular risk of experiencing homelessness. Statewide, homelessness has risen for groups like seniors and children.
“Vulnerable seniors and children are, unfortunately, far from immune to homelessness,” said ProfilesChip Halbach, Executive Director of the Minnesota Housing Partnership. “In the area of housing we have a responsibility to those who have built our communities, and to those who will create the communities of the future.”
, produced annually by County Profiles MHP, take a comprehensive look at data
for housing, including homelessness, the housing stock, costs to rent and own,
and workers’ wages. Profiles for ’s 87 counties and the state as a
whole, as well as charts, maps, and analysis, are available at the
MHP website. Minnesota
> The article above is reprinted from the WorkdayMinnesota website.