Housing data for Forest Township (Rice County), MN
Forest Township (Rice County), MN has an estimated 1,377 residents and 626 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Rice County.
8.7% of households rent.
The median gross rent is $992 a month.
Figures last updated on .
- Residents
- 1,377 (±205)
- Housing units
- 626 (±70)
- Households that rent
- 8.7%
- Median gross rent
- $992
- Residents since 2015–2019
- +15.7%
What stands out in Forest Township (Rice County)
Homes in buildings of 5 or more units: 0.0% (±6.1 points) in Forest Township (Rice County), lower than in Rice County (13.9%).
Households that rent: 8.7% (±5.5 points) in Forest Township (Rice County), lower than in Rice County (23.7%).
Median home value: $478,100 (±$41,640) in Forest Township (Rice County), higher than in Rice County ($320,200).
Median household income: $125,938 (±$16,796) in Forest Township (Rice County), higher than in Rice County ($83,181).
- Types of homes in Forest Township (Rice County)
- Home values in Forest Township (Rice County)
- Income and affordability in Forest Township (Rice County)
Housing in Forest Township (Rice County) at a glance
- Median rent: $992 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 78.1% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 8.7% of households rent (Small sample: wide margin of error)
- Income and affordability: $125,938 median household income
- Home values: $478,100 median home value
- Homeowner costs: $2,819 median monthly cost with a mortgage
- Property taxes: $4,024 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 79.4% of homes have 3 or more bedrooms
- Age of homes: 57.4% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 43.9% heat with utility gas
- Commute and cars: 29.9 minutes average trip to work
- Growth: +15.7% residents since 2015–2019
- How long people stay: 20.3% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Forest Township (Rice County) against Rice County, its state and the nation
| Forest Township (Rice County) | Rice County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 1,377 (±205) | 67,917 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 626 (±70) | 25,295 (±80) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 8.7% (±5.5 points) | 23.7% (±2.0 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $992 (±$114) | $1,083 (±$65) | $1,280 (±$7) | $1,413 |
| Median household income | $125,938 (±$16,796) | $83,181 (±$2,894) | $89,062 (±$409) | $80,734 |
| Median home value | $478,100 (±$41,640) | $320,200 (±$9,461) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $4,024 (±$402) | $3,115 (±$110) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 57.4% (±11.3 points) | 53.0% (±2.8 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 29.9 minutes (±3.6) | 21.8 minutes (±0.7) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 95.5% (±2.7 points) | 91.8% (±1.2 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 40.9 years (±4.1) | 37.1 years (±0.4) | 38.8 years (±0.1) | 38.9 years |
Forest Township (Rice County) covers 32.2 square miles of land, about 43 residents per square mile (Census Bureau Gazetteer).
How Forest Township (Rice County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,190 (±139) | 1,377 (±205) | +15.7% | Not a measurable change |
| Housing units | 571 (±53) | 626 (±70) | +9.6% | Not a measurable change |
| Median gross rent | $840 (±$130) | $992 (±$114) | +18.1% | No measurable change after inflation |
| Median home value | $332,900 (±$19,592) | $478,100 (±$41,640) | +43.6% | Up after inflation |
| Median household income | $100,694 (±$14,068) | $125,938 (±$16,796) | +25.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,236 (±$156) | $2,819 (±$451) | +26.1% | No measurable change after inflation |
| Median real estate taxes | $2,960 (±$179) | $4,024 (±$402) | +35.9% | No measurable change after inflation |
| Households that rent | 5.2% (±2.8 points) | 8.7% (±5.5 points) | +3.5 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±44.4 points) | 0.0% (±33.1 points) | 0.0 percentage points | Not a measurable change |
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.
ZIP codes in Forest Township (Rice County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 55046 | 30% | 6,145 | $925 | $359,000 | $95,912 |
| 55019 | 13% | 2,305 | $1,375 | $350,700 | $117,381 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Forest Township (Rice County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Bridgewater Township | 5.4 mi | $2,143 | $433,200 | 1.9% |
| Wells Township | 5.5 mi | $867 | $405,600 | 10.5% |
| Webster Township | 5.9 mi | — | $464,100 | 1.3% |
| Lonsdale | 6.1 mi | $906 | $357,000 | 7.9% |
| Erin Township | 6.5 mi | $1,156 | $423,300 | 10.3% |
| Dundas | 6.8 mi | $1,875 | $325,800 | 3.0% |
| Cannon City Township | 8.3 mi | $1,717 | $378,300 | 6.1% |
| Faribault | 8.4 mi | $1,074 | $241,500 | 33.9% |
Places in Minnesota most like Forest Township (Rice County)
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Milton Township | $983 | $465,200 | $115,625 | 9.6% |
| Marshan Township | $1,116 | $475,000 | $120,000 | 9.1% |
| Viola Township | $950 | $440,000 | $111,667 | 3.0% |
| Castle Rock Township | $1,107 | $458,000 | $132,917 | 5.1% |
| St. Marys Point | $1,125 | $523,000 | $113,750 | 7.9% |
| Lexington Township | $1,083 | $413,400 | $106,944 | 7.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for Forest Township (Rice County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $931 | $937 | $1,226 | $1,621 | $2,049 |
HUD income limits for Forest Township (Rice County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $22,750 | $37,950 | $60,700 |
| 2 people | $26,000 | $43,400 | $69,400 |
| 3 people | $29,250 | $48,800 | $78,050 |
| 4 people | $33,000 | $54,200 | $86,700 |
| 5 people | $38,680 | $58,550 | $93,650 |
| 6 people | $44,360 | $62,900 | $100,600 |
| 7 people | $50,040 | $67,250 | $107,550 |
| 8 people | $55,720 | $71,550 | $114,450 |
These are the limits HUD sets for its housing programs in the Rice County, MN, where HUD’s median family income for fiscal year 2026 is $108,400.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Forest Township (Rice County)
What is the median household income in Forest Township (Rice County)?
The median household income in Forest Township (Rice County) is $125,938 (±$16,796) a year (2020–2024 American Community Survey).
What is the average home value in Forest Township (Rice County), MN?
The Census Bureau publishes the median: $478,100 (±$41,640) for owner-occupied homes in Forest Township (Rice County) (2020–2024 American Community Survey).
What is the average mortgage payment in Forest Township (Rice County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Forest Township (Rice County), MN is $2,819 (±$451) a month, including taxes, insurance and utilities.
How much are property taxes in Forest Township (Rice County)?
The median real estate tax paid by homeowners in Forest Township (Rice County), MN is $4,024 (±$402) a year (2020–2024 American Community Survey).
How many homes are in Forest Township (Rice County)?
Forest Township (Rice County), MN has an estimated 626 (±70) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Forest Township (Rice County)?
The most common size is 3 bedrooms, 41.2% of homes in Forest Township (Rice County), MN.
Is Forest Township (Rice County) growing?
In Forest Township (Rice County), the number of residents went from 1,190 in 2015–2019 to 1,377 in 2020–2024 (+15.7%), not a measurable change.
What ZIP codes are in Forest Township (Rice County)?
The ZIP codes that cover Forest Township (Rice County) are 55046, 55019.
What is the median rent in ZIP code 55046?
The median gross rent in ZIP Code Tabulation Area 55046 is $925 (±$123) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Forest township, Rice County, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Rice County, MN
- HUD Income Limits, fiscal year 2026: Rice County, MN
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for Forest township, Rice County, Minnesota (county subdivision:21680, in state:27 county:131).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .