Affordable Housing Production

As directed by Minnesota Statute §473.254, the Metropolitan Council must submit an annual report on affordable and life-cycle housing production for jurisdictions within the Twin Cities region. To fulfill this responsibility, study relevant housing production trends against the needs of the region’s residents, and inform regional policymakers and local partners, community development researchers conduct a multi-phased process each year that results in an affordable housing production dataset for the Twin Cities region.

Affordable housing production data has an 18-month lag. The most current dataset was published in August 2025 and describes affordable housing production in 2024.

• About one in seven new housing units permitted in 2024 was affordable to households with incomes at or below 60% of Area Median Income (AMI).
• Like residential development trends overall, affordable housing production has been in decline since 2023, particularly for units at or above 50% AMI.
• 87% of households with incomes at or below 30% AMI experienced housing cost burden—that is, their housing costs are more than 30% of their monthly income.
• 12% of the region's households have incomes at or below 30% AMI. Only 6% of the region's housing units are affordable to households with incomes at this level.
• The region needs more deeply affordable housing, particularly in Suburban and Suburban Edge communities.
• The purchase price of a single-family home affordable at 80% AMI was $304,700 in 2024. However, the regional median sales price of a single-family home was $424,900 that year.
• The region's racial inequities in homeownership persist.