Which Minnesotans worry most about making mortgage or rent payments?

Note: This post is based on a 2024 survey

Most Minnesotans say they don't worry too much about keeping up with mortgage or rent payments. Overall, 57% say they are 'not at all worried' or 'a little worried' about their mortgage or rent.

Less than half of Minnesotans (41%) say they are at least somewhat worried about keeping up with their mortgage or rent payments.

However, worry over housing costs varies widely by income, race/ethnicity and age, according to a Minnesota Community Survey of 3,399 adults conducted July 20 to Nov. 22, 2024.

Income

Most lower-income Minnesotans (56%) say they worry about keeping up with housing payments, as do those with lower-middle incomes (48%). By contrast, lower shares of upper-middle (31%) and upper-income (18%) Minnesotans are worried.

Race and ethnicity

Most Black (63%), Hispanic (59%), and Asian (55%) adults say they are at least somewhat worried about keeping up with their housing payments. By contrast, 37% of White Minnesotans say so.

Age

Younger Minnesotans are more worried about keeping up with mortgage or rent payments than older adults. Overall, 59% of those ages 18-29 and 51% of those ages 30-39 say they are at least somewhat worried about paying housing costs. By contrast, lower shares of those ages 50-64 and 65+ say this (38% and 22%).

Place of birth

Most immigrants (57%) say they are at least somewhat worried about keeping up with mortgage or rent payments, a higher share than among those born in the U.S. (40%). 

Views on affordable housing

Minnesotans from various backgrounds say they find it more difficult than not to find affordable housing in their community.

Overall, 51% of Minnesota adults overall say they find it very or extremely difficult to find affordable housing, while 34% find it somewhat hard. Only 15% say it is not difficult to find affordable housing.

Some modest differences exist between groups of Minnesotans:

·      57% of lower-income Minnesotans vs 47% of those with upper incomes say it is hard to find affordable housing.

·      Minnesotans born in the U.S. are more likely than immigrants, 52% vs. 41%, to say it’s hard to find affordable housing.

By race and ethnicity, about half of White (52%) and Black (50%) Minnesotans say finding affordable housing is hard. Meanwhile, 42% of Hispanic and 39% of Asian Minnesotans say this. 

View our terminology page for definitions of income tiers, racial and ethnic groups, education levels and geographic regions.

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