The Metropolitan Council reports that the Twin Cities population increased by .8% between 2010 and 2011 to 2.87 million. The City of Minneapolis and St Paul led the area in growth.
Population Growth Leaders: 2010-2011
Population Added 2010-11
Population 2011 Pop. Added 2010-2011
Minneapolis 387,873 5,295
St. Paul 286,367 1,299
Woodbury 63,143 1,182
Blaine 58,331 1,145
Maple Grove 62,436 869
Bloomington 83,671 778
Apple Valley 49,801 717
Plymouth 71,263 687
Lakeville 56,534 580
Shakopee 37,652 576
Metro Region 2,873,444 23,877
Read Full Report from Metropolitan Council
Is this a trend of the reversal of decades of suburban growth? Has the tide turned and people returning to the central urban areas? I doubt it… We are in a very unique housing market, one that hasn’t been seen since maybe the Great Depression. Record foreclosures and high unemployment rates have put demand on rental housing.
The advantage Minneapolis and St Paul is their Zoning allows for high density housing, a lot higher density than the suburbs do. This allowed for very dense apartment buildings to be built, capturing the need for rental housing.
Like every market, this too will pass. The suburbs will continue to grow because that is where the available land is to build on, and according to recent polls – americans still believe in home ownership. So I think it is unlikely the trend has been broken.
Note: These are Metropolitan Councils estimates. I am not sure of their methodology and accuracy. Last year I researched local population figures and had conflicting data from several sources.