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04-07-1997 WS
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04-07-1997 WS
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6/28/2018 2:18:22 PM
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MV City Council
City Council Document Type
City Council Packets
Date
4/7/1997
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• <br /> Housing Costs <br /> • Mort!aQe. According to the 1990 Census, the median mortgage in Mounds View is $794 with <br /> the largest cluster of mortgage payments between $700 and $999 (See figure 6) <br /> Figure 6 <br /> Mortgage Costs <br /> City of Mounds View • <br /> toot / / <br /> 800 ' . - <br /> 600 ' • <br /> 400 / .. , <br /> �- - / / ❑Number <br /> 200 � <br /> 0 ' <br /> , e „ifs ," ,,op .,999 <br /> • Number 54 302 396 927 373 29 <br /> Percentage 3 15 19 45 18 1 <br /> Source: 1990 U.S. Census <br /> Rental. Mounds View has a total of 1,375 apartment units including all buildings that have two <br /> or more units. According to the 1990 Census, the median gross rent is $459. <br /> In addition to the Census information, an analysis of bedroom size and rent was conducted on the <br /> multi-family complexes with seven or more units (accounting for 1,161 of the total 1,375) on <br /> monthly rental amounts (See table). The rents vary from $300 for an efficiency to $675 for a <br /> three-bedroom apartment. These figures demonstrate that renters are able to find a wide variety <br /> of rental prices in Mounds View. <br /> • • <br /> 8 <br />
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