In the Twin Cities, housing, economic mobility, and racial equity are inextricably linked. The region is home to the largest Black-white homeownership gap in the nation, rising rents, increasing racialized displacement, and limited opportunities for Black, Indigenous, and people of color and low-income communities to build wealth through property ownership. In this report, we examine racial gaps in homeownership and displacement as well as the increasing prominence of corporate single-family rental property ownership. This investigation identifies trends at both the neighborhood and county levels and is designed to explore existing conditions. In doing so, we aim to help community organizations and local governments achieve neighborhood stability and equitable recovery in the years ahead.