What percentage of people rent in Farmington Township, MN?
23.0% (±10.7 points) of the occupied homes in Farmington Township, MN are rented (2020–2024 American Community Survey).
That is 48 renting households against 161 that own their home.
In Farmington Township, the share of households that rent went from 18.1% in 2015–2019 to 23.0% in 2020–2024 (+4.9 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 23.0% (±10.7 points)
- Renting households
- 48 (±27)
- Median renter income
- $68,667 (±$2,121)
Who rents and who owns in Farmington Township
| Farmington Township | Olmsted County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 23.0% (±10.7 points) | 29.4% (±1.1 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 48 (±27) | 19,695 (±795) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 161 (±34) | 47,223 (±778) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 2.0 (±0.4) | 1.9 (±0.1) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.4 (±0.3) | 2.6 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $68,667 (±$2,121) | $57,054 (±$3,598) | $51,080 (±$531) | $52,966 |
| Median owner household income | $112,656 (±$19,398) | $118,027 (±$3,242) | $108,214 (±$476) | $100,009 |
In Farmington Township, the renter share is not measurably different from Olmsted County (29.4%).
It is not measurably different from Minnesota (27.8%).
It is lower than the national figure (34.8%).
In Olmsted County, Farmington Township ranks 3 of 24 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 473 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Farmington Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 18.1% (±8.1 points) | 23.0% (±10.7 points) | +4.9 percentage points | Not a measurable change |
| Median gross rent | $613 (±$384) | $1,889 (±$492) | +208.2% | Up after inflation |
| Median household income | $76,875 (±$13,133) | $87,750 (±$26,625) | +14.1% | 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 Farmington Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Farmington Township | — | 23.0% (±10.7 points) | — |
| Hammond | 5.0 mi | 28.4% (±14.7 points) | Not measurably different |
| Zumbro Township | 5.0 mi | 5.6% (±3.2 points) | Lower |
| Haverhill Township | 5.8 mi | 5.3% (±3.1 points) | Lower |
| Cascade Township | 5.9 mi | 3.6% (±2.8 points) | Lower |
| Oronoco Township | 6.0 mi | 13.9% (±6.7 points) | Not measurably different |
| Elgin | 6.3 mi | 18.5% (±5.1 points) | Not measurably different |
| Elgin Township | 6.9 mi | 8.7% (±4.8 points) | Lower |
| Hyde Park Township | 7.3 mi | 9.8% (±7.3 points) | Lower |
Nearby places with a measurably lower figure: Zumbro Township, MN (5.6%), Haverhill Township, MN (5.3%), Cascade Township, MN (3.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Olmsted County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Rochester | 34.9% (±1.4 points) |
| 2 | Eyota | 24.9% (±8.9 points) |
| 3 | Farmington Township | 23.0% (±10.7 points) |
| 4 | Stewartville | 18.2% (±6.4 points) |
| 5 | Orion Township | 17.7% (±7.4 points) |
| 6 | Byron | 16.8% (±5.0 points) |
| 7 | Rock Dell Township | 14.1% (±10.6 points) |
| 8 | Oronoco Township | 13.9% (±6.7 points) |
| 9 | Eyota Township | 12.8% (±7.4 points) |
Showing 9 of 24 places in Olmsted 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 Farmington Township
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Questions about Farmington Township
How many renters are there in Farmington Township?
Farmington Township has an estimated 48 (±27) renting households, 23.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Farmington Township?
In Farmington Township, the share of households that rent went from 18.1% in 2015–2019 to 23.0% in 2020–2024 (+4.9 percentage points), not a measurable change.
How big are renting households in Farmington Township?
A renting household in Farmington Township has 2.0 people on average, against 2.4 in an owned home.
How much do renters earn in Farmington Township?
The median renting household in Farmington Township, MN has an income of $68,667 (±$2,121) a year, against $112,656 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Farmington township, Olmsted County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Farmington township, Olmsted County, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Farmington township, Olmsted County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Farmington township, Olmsted County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Farmington township, Olmsted County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Farmington township, Olmsted County, Minnesota (county subdivision:20636, in state:27 county:109).
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.
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 .
Related
- Housing in Farmington Township at a glance
- Income and affordability in Farmington Township
- Home values in Farmington Township
- Homeowner costs in Farmington Township
- Property taxes in Farmington Township
- Types of homes in Farmington Township
- Age of homes in Farmington Township
- Heating fuel in Farmington Township
- Commute and cars in Farmington Township
- Minnesota landlord and tenant rules
- Housing across Olmsted County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota