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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 <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 <br />for rental property has reduced from 10% in 1990 to about than 2% in 2000, yet the turn- <br />over rate can be as high as 30% per year. (Source: Census 2000) <br /> <br />~~--~--~-I <br /> <br />City of Roseville - Age of Owner Occupied Dwellings - 1999 <br /> <br />3% <br /> <br /> <br />49% <br /> <br />~ 1950's or earlier <br />1]1960'5 <br />~ 1970's <br />11I1980'5 <br />1 <br /> <br />11% <br /> <br /> <br />18% <br /> <br />Source: Community Development Department <br /> <br />The majority of homes in Roseville were built in the 1950's and 1960's (57%). The <br />construction of new homes continued into the 1970's. Slower growth in the housing <br />stock has occurred in the 1990's because of the scarcity of developable land (less than <br />2%) and the emphasis on rehabilitation and maintenance of the existing housing stock. <br />Less than 275 new rental properties have been built in the 1990's. <br /> <br />Roseville Comprehensive Plan - 2001 Update <br /> <br />Demographic Profile -Page 9 of 13 <br />