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
![Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.](https://arc.stimg.co/startribunemedia/NH2BSHB74ND2V6GF2G2HI5X4MM.jpg?&w=252&ar=3:2&fit=crop)
