Each week HousingLink puts out a Private Market Vacancy Report that lists vacancies and rents for various counties. Though it is certainly not a scientific sample, this week's Hennepin County report has the following listed (I only list those that report monthly rents--the ones not reporting rental rates are negligible):
Studios: 94 listings * Avg. Rent: $547 * Median: $535 1 BR: 342 listings * Avg. Rent: $666 * Median: $656 2 BR: 270 listings * Avg. Rent: $839 * Median: $835 3 BR: 69 listings * Avg. Rent: $1,182 * Median: $1,200 4 BR: 11 listings * Avg. Rent: $1,445 * Median: $1,495 5 BR: 4 listings * Avg. Rent: $1,513 * Median: $1,550 These come from all of Hennepin County, though the majority are from Minneapolis. As is typical, we are top heavy in the 1-2 bedroom units and have very very little available for larger units. Keep in mind that Minneapolis has 14,000 rental units licensed. Gregory Luce North Phillips (work) > > > -----Original Message----- > From: David Brauer > > The story is rising vacancy rates...but no falling prices, yet. > Apparently, > for a little while anyway, landlords are willing to tolerate a higher > un-rented inventory rather than offer long-term rent breaks...they, like > many investors, are betting the post-9/11 dip is shallow and quick. North Phillips Press is a publication of Project 504, a housing related neighborhood organization based in the Phillips neighborhood. _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
