THE RACE TO RENT
As homeownership rates have fallen in Minnesota, the demand for rentals has increased.
Figures for first quarter 2012
Minnesota homeownership rate: 70.4 percent, down from a quarterly peak of 79 percent in early 2005
Average Twin Cities vacancy rate: 2.8 percent in the first quarter of this year.
Average Twin Cities rent prices: $935, up 2.1 percent
Source: U.S. Census Bureau and Marquette Advisors
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