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Housing Conditions <br /> For the most part, the housing stock of Columbia Heights is in good condition. However, the housing <br /> stock is aging and dealing with the maintenance of an aging housing stock will become an ever <br /> increasing problem. Columbia Heights has a greater percentage of older.housing than other "inner ring" <br /> suburbs of the metro area (The inner ring, as defined by the Metropolitan Council, includes all cities in <br /> the metro area that are directly adjacent to the center cities of Minneapolis and St. Paul). Table 10 <br /> compares the age of housing stock in Columbia Heights with the housing stock of all (lie inner ring <br /> combined. In Columbia Heights, 57 percent of the housing-units are more than 30 years old. The oldest <br /> housing (many units 50 years or more in age) is located in the southwest quadrant of the City, while the <br /> newest housing is in the northeast quadrant. <br /> TABLE 10 <br /> AGE DISTRIBUTION OF HOUSING <br /> COLUMBIA HEIGHTS and INNER RING.SUBURBS <br /> Year Columbia Heights Inner Ring <br /> Built <br /> 1939 and older 15% 8% <br /> 1940 to 1959 42% 39%v <br /> 1960 to 1980 37% ; 47% <br /> 1981 to 1990 6% 6% <br /> Source: 1980 and 1990 Census, Metropolitan Council, 1986. <br /> Note: figures are the percentage of the total housing stock. <br /> Housing Cost <br /> Table 11 compares the cost of housing in 1980 and 1990. The median price of owner-occupied housing <br /> has increased from $57,800-in 1980 to $73,600 in 1990 (27%). The median contract rent has increased <br /> from $231 per month in 1980 to $426 per month in 1990 (84%u). <br /> 0%25 14 <br />