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

Tenure, estimate (90% margin of error)
Farmington TownshipOlmsted CountyMinnesotaUnited States
Renter-occupied share23.0% (±10.7 points)29.4% (±1.1 points)27.8% (±0.2 points)34.8%
Renting households48 (±27)19,695 (±795)641,268 (±4,528)45,017,354
Owning households161 (±34)47,223 (±778)1,666,687 (±7,556)84,210,142
Average renter household size2.0 (±0.4)1.9 (±0.1)2.0 (±0.0)2.3
Average owner household size2.4 (±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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent18.1% (±8.1 points)23.0% (±10.7 points)+4.9 percentage pointsNot 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

Nearest places with a published estimate, compared with Farmington Township
PlaceDistanceHouseholds that rentCompared with this place
Farmington Township—23.0% (±10.7 points)—
Hammond5.0 mi28.4% (±14.7 points)Not measurably different
Zumbro Township5.0 mi5.6% (±3.2 points)Lower
Haverhill Township5.8 mi5.3% (±3.1 points)Lower
Cascade Township5.9 mi3.6% (±2.8 points)Lower
Oronoco Township6.0 mi13.9% (±6.7 points)Not measurably different
Elgin6.3 mi18.5% (±5.1 points)Not measurably different
Elgin Township6.9 mi8.7% (±4.8 points)Lower
Hyde Park Township7.3 mi9.8% (±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

RankPlaceHouseholds that rent
1Rochester34.9% (±1.4 points)
2Eyota24.9% (±8.9 points)
3Farmington Township23.0% (±10.7 points)
4Stewartville18.2% (±6.4 points)
5Orion Township17.7% (±7.4 points)
6Byron16.8% (±5.0 points)
7Rock Dell Township14.1% (±10.6 points)
8Oronoco Township13.9% (±6.7 points)
9Eyota Township12.8% (±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

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Farmington Township, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Farmington Township beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Farmington Township, and send estimates and invoices from your phone.

Join as a pro · Find a pro

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

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.

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 .

Related