Resilient Communities Project (RCP), University of Minnesota
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. Minnetonka project lead and community development supervisor Elise Durbin worked with students in HSG 5464: Understanding Housing Assessment and Analysis, to determine the mid-priced housing market for Minnetonka, as well as the neighboring communities of St. Louis Park, Hopkins, Plymouth, and Eden Prairie. Their analysis showed that Minnetonka lacks smaller, low-priced housing in comparison to surrounding communities. The students' final report and presentation are available.
Report and presentation completed by students enrolled in HSG 5464: Understanding Housing Assessment and Analysis, taught by Jessica Deegan in fall 2012.
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.
Huonder, Mark; King, Eric; Knoblauch, Katie; Tang, Xiaoxu.
Comparative Housing Market Analysis: Minnetonka and Surrounding Communities.
Resilient Communities Project (RCP), University of Minnesota.
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