What percentage of people rent in Grand Meadow, MN?
13.0% (±5.3 points) of the occupied homes in Grand Meadow, MN are rented (2020–2024 American Community Survey).
That is 56 renting households against 374 that own their home.
In Grand Meadow, the share of households that rent went from 27.5% in 2015–2019 to 13.0% in 2020–2024 (−14.5 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 13.0% (±5.3 points)
- Renting households
- 56 (±23)
- Median renter income
- $34,375 (±$18,166)
Who rents and who owns in Grand Meadow
| Grand Meadow | Mower County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 13.0% (±5.3 points) | 22.4% (±2.0 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 56 (±23) | 3,524 (±334) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 374 (±59) | 12,195 (±331) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 2.4 (±0.7) | 2.3 (±0.2) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.3 (±0.3) | 2.6 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $34,375 (±$18,166) | $42,962 (±$6,841) | $51,080 (±$531) | $52,966 |
| Median owner household income | $78,421 (±$9,635) | $87,731 (±$4,172) | $108,214 (±$476) | $100,009 |
In Grand Meadow, the renter share is lower than in Mower County (22.4%).
It is also lower than in Minnesota (27.8%).
It is lower than the national figure (34.8%).
In Mower County, Grand Meadow ranks 13 of 34 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 989 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Grand Meadow has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 27.5% (±6.3 points) | 13.0% (±5.3 points) | −14.5 percentage points | Measurable decrease |
| Median gross rent | $681 (±$27) | $644 (±$511) | −5.4% | No measurable change after inflation |
| Median household income | $60,900 (±$3,291) | $72,125 (±$7,077) | +18.4% | 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 Grand Meadow
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Grand Meadow | — | 13.0% (±5.3 points) | — |
| Grand Meadow Township | 3.1 mi | 13.4% (±8.0 points) | Not measurably different |
| Frankford Township | 3.5 mi | 3.8% (±5.1 points) | Lower |
| Clayton Township | 6.0 mi | 10.8% (±7.8 points) | Not measurably different |
| Bennington Township | 6.0 mi | 8.5% (±7.7 points) | Not measurably different |
| Racine | 6.5 mi | 10.7% (±8.5 points) | Not measurably different |
| Racine Township | 6.6 mi | 0.0% (±10.2 points) | Lower |
| Dexter | 6.6 mi | 33.1% (±11.4 points) | Higher |
| Pleasant Valley Township | 7.0 mi | 13.1% (±6.9 points) | Not measurably different |
Nearby places with a measurably lower figure: Frankford Township, MN (3.8%), Racine Township, MN (0.0%).
Nearby places with a measurably higher figure: Dexter, MN (33.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Mower County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 7 | Lodi Township | 19.7% (±10.7 points) |
| 8 | Waltham | 18.2% (±9.6 points) |
| 9 | Sargeant Township | 16.5% (±8.0 points) |
| 10 | Adams Township | 16.1% (±10.7 points) |
| 11 | Grand Meadow Township | 13.4% (±8.0 points) |
| 12 | Pleasant Valley Township | 13.1% (±6.9 points) |
| 13 | Grand Meadow | 13.0% (±5.3 points) |
| 14 | Adams | 12.3% (±5.4 points) |
| 15 | Brownsdale | 11.1% (±3.1 points) |
| 16 | Clayton Township | 10.8% (±7.8 points) |
| 17 | Racine | 10.7% (±8.5 points) |
| 18 | Windom Township | 9.5% (±11.2 points) |
| 19 | Austin Township | 9.2% (±4.1 points) |
Showing 13 of 34 places in Mower 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.
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Questions about Grand Meadow
How many renters are there in Grand Meadow?
Grand Meadow has an estimated 56 (±23) renting households, 13.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Grand Meadow?
In Grand Meadow, the share of households that rent went from 27.5% in 2015–2019 to 13.0% in 2020–2024 (−14.5 percentage points), a measurable decrease.
How big are renting households in Grand Meadow?
A renting household in Grand Meadow has 2.4 people on average, against 2.3 in an owned home.
How much do renters earn in Grand Meadow?
The median renting household in Grand Meadow, MN has an income of $34,375 (±$18,166) a year, against $78,421 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Grand Meadow city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Grand Meadow city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Grand Meadow city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Grand Meadow city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Grand Meadow city, 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 Grand Meadow city, Minnesota (place:25010, 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.
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 Grand Meadow at a glance
- Income and affordability in Grand Meadow
- Home values in Grand Meadow
- Homeowner costs in Grand Meadow
- Property taxes in Grand Meadow
- Types of homes in Grand Meadow
- Bedrooms in Grand Meadow
- Age of homes in Grand Meadow
- Heating fuel in Grand Meadow
- Commute and cars in Grand Meadow
- Population growth in Grand Meadow
- How long people stay in Grand Meadow
- Minnesota landlord and tenant rules
- Housing across Mower County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota