What percentage of people rent in Hoffman, MN?
39.7% (±7.6 points) of the occupied homes in Hoffman, MN are rented (2020–2024 American Community Survey).
That is 116 renting households against 176 that own their home.
In Hoffman, the share of households that rent went from 35.3% in 2015–2019 to 39.7% in 2020–2024 (+4.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 39.7% (±7.6 points)
- Renting households
- 116 (±32)
- Median renter income
- $29,659 (±$9,706)
Who rents and who owns in Hoffman
| Hoffman | Grant County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 39.7% (±7.6 points) | 20.8% (±2.2 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 116 (±32) | 519 (±54) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 176 (±31) | 1,971 (±94) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 2.7 (±0.8) | 2.3 (±0.2) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.3 (±0.3) | 2.5 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $29,659 (±$9,706) | $33,750 (±$3,151) | $51,080 (±$531) | $52,966 |
| Median owner household income | $69,167 (±$17,083) | $85,531 (±$4,186) | $108,214 (±$476) | $100,009 |
In Hoffman, the renter share is higher than in Grant County (20.8%).
It is also higher than in Minnesota (27.8%).
It is not measurably different from the national figure (34.8%).
In Grant County, Hoffman ranks 1 of 23 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 103 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Hoffman has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 35.3% (±8.6 points) | 39.7% (±7.6 points) | +4.4 percentage points | Not a measurable change |
| Median gross rent | $613 (±$55) | $866 (±$203) | +41.3% | No measurable change after inflation |
| Median household income | $41,875 (±$8,955) | $51,500 (±$15,654) | +23.0% | 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 Hoffman
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Hoffman | — | 39.7% (±7.6 points) | — |
| Land Township | 3.4 mi | 8.2% (±10.4 points) | Lower |
| Elk Lake Township | 3.8 mi | 9.9% (±7.9 points) | Lower |
| Solem Township | 4.1 mi | 7.4% (±9.2 points) | Lower |
| Urness Township | 5.8 mi | 0.0% (±15.6 points) | Lower |
| Kensington | 5.8 mi | 21.5% (±8.5 points) | Lower |
| Barrett | 7.8 mi | 26.6% (±10.6 points) | Lower |
| Roseville Township (Grant County) | 8.0 mi | 0.0% (±36.2 points) | Lower |
| Lien Township | 8.4 mi | 0.0% (±47.5 points) | Not measurably different |
Nearby places with a measurably lower figure: Land Township, MN (8.2%), Elk Lake Township, MN (9.9%), Solem Township, MN (7.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Grant County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Hoffman | 39.7% (±7.6 points) |
| 2 | Elbow Lake | 31.3% (±6.0 points) |
| 3 | Ashby | 30.1% (±9.2 points) |
| 4 | Sanford Township | 29.9% (±13.3 points) |
| 5 | Barrett | 26.6% (±10.6 points) |
| 6 | Logan Township (Grant County) | 20.5% (±24.6 points) |
| 7 | Delaware Township | 20.0% (±19.5 points) |
Showing 7 of 23 places in Grant 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 Hoffman
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Questions about Hoffman
How many renters are there in Hoffman?
Hoffman has an estimated 116 (±32) renting households, 39.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Hoffman?
In Hoffman, the share of households that rent went from 35.3% in 2015–2019 to 39.7% in 2020–2024 (+4.4 percentage points), not a measurable change.
How big are renting households in Hoffman?
A renting household in Hoffman has 2.7 people on average, against 2.3 in an owned home.
How much do renters earn in Hoffman?
The median renting household in Hoffman, MN has an income of $29,659 (±$9,706) a year, against $69,167 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hoffman city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hoffman city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Hoffman city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hoffman city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Hoffman 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 Hoffman city, Minnesota (place:29474, 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 Hoffman at a glance
- Median rent in Hoffman
- Rent burden in Hoffman
- Income and affordability in Hoffman
- Home values in Hoffman
- Homeowner costs in Hoffman
- Property taxes in Hoffman
- Types of homes in Hoffman
- Bedrooms in Hoffman
- Age of homes in Hoffman
- Heating fuel in Hoffman
- Commute and cars in Hoffman
- How long people stay in Hoffman
- Minnesota landlord and tenant rules
- Housing across Grant County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota