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City of Mounds View Comprehensive Plan <br />________________________________________________________________________ <br /> <br /> <br /> <br />46 <br /> <br />Housing Value <br /> <br />According to 1998 Ramsey County Assessor’s office data, the values for owner-occupied single- <br />family homes and duplexes range from $31,800 to $238,100. The average value is $96,465 and the <br />median value is $91,400. <br /> <br /> <br />Rental Rates <br /> <br />A survey of multi-family rental properties completed by the Mounds View Community <br />Development Department staff in 1998 indicated that the average rental rates were $498 for a one- <br />bedroom apartment, $591 for a two-bedroom apartment, and $768 for a three-bedroom apartment. <br />The average rent for one and two bedroom apartments was $542, which is up from $459 in 1990. <br /> <br /> <br />Age of Housing Stock <br /> <br />Figure 8 on page 50 illustrates the location and age of single and two family residential properties in <br />Mounds View. <br /> <br />TABLE 11: Age of Current Housing Stock <br /> <br />Year Single Family Duplex Total Percent <br />Before 1940 66 0 66 2% <br />1940 to 1949 324 4 328 12% <br />1950 to 1959 891 4 895 32% <br />1960 to 1969 379 70 449 16% <br />1970 to 1979 789 12 801 28% <br />1980 to 1989 181 32 213 8% <br />1990 to Present 49 0 49 2% <br />TOTAL 2679 122 2801 100% <br />Source: 1990 Census; Mounds View Community Development Department <br /> <br />Sixty-two percent of Mounds View’s housing stock is at least 30 years old. <br />