In recent years, the demographics of Northeast have changed, the population becoming younger and more diverse, while retaining a stable base of old "Nordeast" families, often in their third or fourth generation. Students attending the nearby University of Minnesota frequently rent and many have settled. African Americans have migrated from the north side to Northeast's more stable neighborhoods and affordable housing opportunities. New immigrant groups (Somalis and Latin Americans) of a variety of nationalities have continued the tradition of Northeast as a haven for immigrants. Seventy-nine percent of housing in the area is owner occupied which has continued to contribute to the stability of neighborhoods.