Minneapolis and St. Paul have both gentrified considerably over the past 15 years, with rent outpacing income and more wealthy people attracted to the center of Minneapolis and nearby neighborhoods, and blocks along the Green Line in St. Paul.
That's the conclusion of new research at the University of Minnesota that's part of a study of gentrification in the Twin Cities that should be completed by next July.
The best data so far is for Minneapolis.
"What we're calling this phenomenon is the shrinking city," said Ed Goetz, one of the researchers. "Persons right at the median are now finding fewer places to look at in terms of finding affordable housing."
The affordability of Minneapolis for homeowners has held up much better than it has for renters, for all races and ethnicities. And the growing gap between income and rent in Minneapolis is most pronounced for Latino and black households, though white families are also getting priced out.
Around the year 2000, a white renter with median income could afford to live in 50 percent of the rentals in every part of Minneapolis. Now several neighborhoods are too expensive to meet even that standard.
For Latinos, the share of neighborhoods with affordable rents shrank to an area mostly confined to near south Minneapolis.
For black households with median renter income, only a few small parts of south and north Minneapolis offered affordable rents. Those places are now gone.
