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<br />VACANCY RATES <br /> <br />Homeowner Vacancy Rate Renter Vacancy Rate <br /> <br />Roseville <br /> <br />0.5 <br /> <br />2.3% <br /> <br />Ramsey County <br /> <br />0.5 <br /> <br />2.5 <br /> <br />Metropolitan Area (MSD) <br /> <br />0.6 <br /> <br />2.8 <br /> <br />State of Minnesota <br /> <br />0.9 <br /> <br />4.1 <br /> <br />Roseville homeowner vacancy rates are similar to those found in the County and the <br />Metro area, with the turnover rate is approximately 3% per year. The City vacancy rate for <br />rental property has reduced from 10% in 1990 to about than 2% in 2000, yet the turn-over <br />rate can be as high as 30% per year particularly as young adults move in and out. (Source: <br />Census 2000) <br /> <br />City of Roseville - Age of Owner Occupied Dwellings - 1999 <br /> <br />11% <br /> <br /> <br />49% <br /> <br />I <br />I <br />i <br />I <br />I <br />10 1950's or earlier: <br />i~ 1960's <br />I <br />! III 1970's <br />J <br />111I 1980's <br />JD199Q) <br /> <br />18% <br /> <br />Source: Community Development Department <br /> <br />The majority (67%) of Roseville homes were built in the 1950's and 1960's and are over 30 <br />years old. The construction of new homes continued into the 1970's, and again in the <br />1990's as infill sites and town homes became popular. Little developable land (less than <br />2%) created a demand for rehabilitation and maintenance of the existing housing stock. <br />Less than 400 new rental properties have been built since 1990. A "mini housing boom" <br />occurred in 2000, when 169 units (113 rental, 56 owner occupied) were built. <br /> <br />Roseville Comprehensive Plan - 2001 Update <br /> <br />The Land and its People -Page 20 of 24 <br />