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<br />VACANCY RATES <br /> <br />Homeowner Vacancy Rate Renter Vacancy Rate <br /> <br />Roseville 0.5 2.3% <br />Ramsey County 0.5 2.5 <br />Metropolitan Area (MSD) 0.6 2.8 <br />State of Minnesota 0.9 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(X, 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 M 1999 <br /> <br />11% <br /> <br /> <br />49% <br /> <br />o 1950's or earlier <br />o 1960's <br />o 1970's <br />o 1980's <br />o 1990's <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 />