Minneapolis has 15,000 empty houses

Categories: Economy

Too many empty houses
We've heard so much about the housing and economic crises by now that, bad as that news is, our eyes kind of glaze over when we hear it.

But Finance and Commerce recently pointed out a number that made us nearly spit out our morning coffee: 15,000 housing units in Minneapolis (out of 178,287 total) are standing empty, according to the latest numbers from the U.S. Census Bureau. That's as if an entire town the size of Moorhead was filled with empty houses.

The updated numbers come as we learned yesterday that housing prices nationwide are at nine-year lows. However, the good news is that Minnesota is one of the only states in the nation where people are actually buying.

Meanwhile, 9,794 housing units (of 120,795 total) are vacant in St. Paul; 2658 (out of 45,683 total) are vacant in Rochester, and 2503 (of 38,208) are vacant in Duluth.

Check out the U.S. Census website New American Factfinder to see how your city is doing on housing.

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3 comments
Zombeek
Zombeek

Stay away from homes that are sitting empty for more than one month or 30 days. After 30 days a house starts deteriorating exponentially more so in desert climates where the day and night temperatures are extreme. Just my humble advise.

Austin
Austin

If anyone is looking to invest in a house, I would be willing to live in, fix up, and 40-60 split the profit!

anon
anon

The options are as follows:-Find and refer apartment dwellers to housing, to eliminate houses being used for criminal activity or vandalism, and to rejuvenate dying neighborhoods-Demolish for parking spaces or parking structures, and moving parking off of streets. Good for winter and to increase traffic flow. Good for construction business and whoever wants to run a parking structure (ideally neighborhood communities would take charge of these, but more likely some company will take charge and make bank)-Encourage commercial developers to bulldoze houses and turn them into lofts, destroying old neighborhoods with high density housing to counter-act urban sprawl. Only works in places where lots of people might want to live (Lyn-Lake, Greenway, Uptown).-Encourage light commercial for small businesses inside residential communities (recession discourages entrepreneurship).-Leave empty houses as is. Yards accumulate beer bottles, people start fires indoors, people squat in the housing, someone rips out the wiring...

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