Minneapolis Regina Neighborhood
The neighborhood of Regina is situated on the south side of the city of Minneapolis and is bound by 42nd Street East on the north, Chicago Avenue on the east, Interstate 35W on the west and 46th East Street in the south. Regina is a residential neighborhood with typically small single-family homes constructed before 1940. It is named for the former parochial school in the neighborhood.
Regina is home to Town Oaks Townhouse complex which is situated in the heart of it at 4th Avenue South 43rd Street comprised of 112 townhouses which were built in the 1970s. It is the biggest housing complex in the entire Regina and is one of the first modern townhouse projects of the city of Minneapolis.
It is bordered by Minnehaha Creeks to the south along which runs a path for running, in-line skating, walking or biking. The business district at Chicago and 48th is home to restaurants which range from Sushi to Mexican an array of businesses including tennis supplies and hardware. The focal point for various activities for the youth is the McRae Park and Recreation Center which also serves as a place where the entire neighborhood celebrates the diversity of the residents.
Between the decades 1980 and 2000, the neighborhood had high rates of housing occupancy, though the number of housing units occupied in Regina decreased steadily between the same decades and so did the total number of housing units. In 1980, the neighborhood had 964 housing units occupied and by the year 2000, there were only 914 occupied units.
Between the same decades again, both the renter occupied and owner occupied housing reduced slightly in the neighborhood. Majority of housing stock in Regina has been and continued to be occupied by owner.
Between 1980 and 2000, the neighborhood and the city had comparable rates of homeowner vacancy. In the year 1980, Regina had lower rate of renter vacancy which is 2.4% than the average of the citywide of 4.2%. By 2000, Regina had a higher rate of renter vacancy of 3.3% than the city 2.8%.
There were lower median house values in Regina in 1980 and 2000 than Minneapolis. The amounts of dollar followed the trend citywide, with values in 1980 being the highest followed by a remarkable decline in 1990 and a slight rebound in the year 2000.
The homeowner cost to maintain a house which includes a mortgage is a percentage smaller of household income in the neighborhood than in the city. In 2000, the homeowners in Regina paid 22% of their household income, compared to the 30% paid by homeowners across the city.
The labor force participation rate of the neighborhood mirrored closely the rate of the city between the decades 1980 and 2000. By 1990, it increases to a slightly higher level than the city and the trend continued in 2000. At nearly 7%, the neighborhood had higher rate of unemployment in 1980 than the city had. But the trend reversed in 2000 and the unemployment rate of Regina is only under 3.5% while the city had almost 6% unemployment.
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Today's Market Trends for Minneapolis Regina Neighborhood *
* All data pertains to single-family homes