What percentage of people rent in Albany, MN?

33.2% (±6.4 points) of the occupied homes in Albany, MN are rented (2020–2024 American Community Survey).

That is 388 renting households against 780 that own their home.

In Albany, the share of households that rent went from 25.2% in 2015–2019 to 33.2% in 2020–2024 (+8.0 percentage points), not a measurable change.

Figures last updated on .

Households that rent
33.2% (±6.4 points)
Renting households
388 (±87)
Median renter income
$30,938 (±$9,735)

Who rents and who owns in Albany

Tenure, estimate (90% margin of error)
AlbanyStearns CountyMinnesotaUnited States
Renter-occupied share33.2% (±6.4 points)32.1% (±1.1 points)27.8% (±0.2 points)34.8%
Renting households388 (±87)19,740 (±764)641,268 (±4,528)45,017,354
Owning households780 (±77)41,663 (±663)1,666,687 (±7,556)84,210,142
Average renter household size1.4 (±0.2)2.2 (±0.1)2.0 (±0.0)2.3
Average owner household size2.8 (±0.2)2.7 (±0.1)2.6 (±0.0)2.6
Median renter household income$30,938 (±$9,735)$42,826 (±$2,417)$51,080 (±$531)$52,966
Median owner household income$112,596 (±$11,304)$96,893 (±$2,055)$108,214 (±$476)$100,009

In Albany, the renter share is not measurably different from Stearns County (32.1%).

It is not measurably different from Minnesota (27.8%).

It is not measurably different from the national figure (34.8%).

In Stearns County, Albany ranks 10 of 63 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 199 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Albany has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent25.2% (±5.8 points)33.2% (±6.4 points)+8.0 percentage pointsNot a measurable change
Median gross rent$493 (±$140)$642 (±$69)+30.2%No measurable change after inflation
Median household income$62,679 (±$9,787)$69,167 (±$14,363)+10.4%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Albany

Nearest places with a published estimate, compared with Albany
PlaceDistanceHouseholds that rentCompared with this place
Albany—33.2% (±6.4 points)—
Albany Township3.1 mi9.3% (±7.2 points)Lower
St. Anthony (Stearns County)4.9 mi14.3% (±18.7 points)Not measurably different
Avon Township5.4 mi8.0% (±6.2 points)Lower
Farming Township5.5 mi6.9% (±3.6 points)Lower
Avon5.8 mi19.0% (±4.7 points)Lower
Krain Township6.2 mi6.4% (±3.3 points)Lower
Freeport6.2 mi9.9% (±6.5 points)Lower
Oak Township6.9 mi13.7% (±5.6 points)Lower

Nearby places with a measurably lower figure: Albany Township, MN (9.3%), Avon Township, MN (8.0%), Farming Township, MN (6.9%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Stearns County, place by place

RankPlaceHouseholds that rent
4Sartell38.2% (±3.9 points)
5Meire Grove38.0% (±13.7 points)
6Kimball36.9% (±8.6 points)
7St. Joseph36.0% (±7.5 points)
8Belgrade33.9% (±6.3 points)
9Cold Spring33.5% (±7.7 points)
10Albany33.2% (±6.4 points)
11Paynesville31.4% (±8.0 points)
12Brooten26.6% (±6.8 points)
13Melrose26.3% (±6.5 points)
14Roscoe22.5% (±19.3 points)
15St. Martin21.3% (±10.6 points)
16St. Rosa19.4% (±18.8 points)

Showing 13 of 63 places in Stearns County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Albany

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Questions about Albany

How many renters are there in Albany?

Albany has an estimated 388 (±87) renting households, 33.2% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Albany?

In Albany, the share of households that rent went from 25.2% in 2015–2019 to 33.2% in 2020–2024 (+8.0 percentage points), not a measurable change.

How big are renting households in Albany?

A renting household in Albany has 1.4 people on average, against 2.8 in an owned home.

How much do renters earn in Albany?

The median renting household in Albany, MN has an income of $30,938 (±$9,735) a year, against $112,596 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Albany city, Minnesota (place:00622, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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