I ditched the MM tracts, because MN just doesn’t have the asian population to support the demographic comparison. So I took a near by Linden hills neighborhood and looked for a comparable in SD. In the NY times demographic link.
Mission hills tract 1
median income 112k
88 white
9 hispanic
2 asian
median home price 1 mil
% of household spending more than 30% of their income 52%
Minneapolis tract 106 (south end of lake harriet)
median income 116K
88 white
2 black
1 hispanic
7 asian
median home price 530k
% of household spending more than 30% of their income 35%
I think both neighborhoods are very similar in terms of character, home age and architecture, and proximity to amenities. I have lived very near to both, and if they were the same price, I would be hard press to say which is better. The Minneapolis neighborhood has easier to access recreation and a better community lifestyle, but MH has better weather (for what its worth).
I think the last number is most telling…Mission hills is not full of a bunch of retirees, at least not in comparison to the Minneapolis neighborhood. Its irresponsibility is systemic.
