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Roseville <br />VACANCY RATES <br />Homeowner Vacancv Rate Renter Vacancv Rate <br />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 />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 />City of Roseville • Age o��wwner Occupied D�refilir��g� � 1999 <br />1 <br />'!'�. <br />/'' <br />��- <br />1$�/0 <br />Source: Community Development Department <br />�� 1950's or ear'�ie� <br />4 9 % ( 01960's <br />_ � 0 ���d0� <br />' ❑ 1980's <br />! � 1990's <br />E <br />� <br />I <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 />Roseville Comprehensive Plan — 2001 Update The Land and its People -Page 20 of 24 <br />