Resilient Communities Analysis of Mid-Priced Housing in the City of Minnetonka
Title
Resilient Communities Analysis of Mid-Priced Housing in the City of Minnetonka
Published Date
2012
Publisher
Resilient Communities Project (RCP), University of Minnesota
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Presentation
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Report
Abstract
This project was completed as part of the 2012-2013 Resilient Communities Project (rcp.umn.edu) partnership with the City of Minnetonka. Homes in Minnetonka are more expensive on average than homes in surrounding communities, and the City was interested in the potential "market leakage"--that is, purchasers looking to buy a home in the Minnetonka area but ultimately choosing to buy in a neighboring community--for mid-priced housing, by assessing the current mid-priced housing market in comparison to current demand. Minnetonka project lead and community development supervisor Elise Durbin worked with students in HSG 5464: Understanding Housing Assessment and Analysis, to conduct the analysis. The students found that Minnetonka has a sufficient mid-priced housing stock, and recommended that the City target households earning the area median income for home purchase. The students' final report and presentation are available.
Description
Report and presentation completed by students enrolled in HSG 5464: Understanding Housing Assessment and Analysis, taught by Jessica Deegan in fall 2012.
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This project was supported by the Resilient Communities Project (RCP), a program at the University of Minnesota whose mission is to connect communities in Minnesota with U of MN faculty and students to advance local sustainability and resilience through collaborative, course-based projects. RCP is a program of the Center for Urban and Regional Affairs (CURA). More information at http://www.rcp.umn.edu.
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