Housing data for Lake Benton, MN
Lake Benton, MN has an estimated 794 residents and 432 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Lincoln County.
26.1% of households rent.
The median gross rent is $513 a month.
Figures last updated on .
- Residents
- 794 (±110)
- Housing units
- 432 (±51)
- Households that rent
- 26.1%
- Median gross rent
- $513
- Residents since 2015–2019
- +18.9%
What stands out in Lake Benton
Households that moved in since 2020: 39.0% (±8.9 points) in Lake Benton, higher than in Lincoln County (20.8%).
Homes in buildings of 5 or more units: 13.4% (±5.3 points) in Lake Benton, higher than in Lincoln County (6.4%).
Median home value: $99,800 (±$26,203) in Lake Benton, lower than in Lincoln County ($164,400).
Households that rent: 26.1% (±6.9 points) in Lake Benton, higher than in Lincoln County (18.6%).
- How long people stay in Lake Benton
- Types of homes in Lake Benton
- Home values in Lake Benton
- Renters and owners in Lake Benton
Housing in Lake Benton at a glance
- Median rent: $513 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $560 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 64.1% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 26.1% of households rent
- Income and affordability: $52,250 median household income
- Home values: $99,800 median home value
- Homeowner costs: $1,168 median monthly cost with a mortgage
- Property taxes: $1,120 median real estate taxes a year
- Types of homes: 13.4% of homes are in buildings of 5 or more units
- Bedrooms: 57.9% of homes have 3 or more bedrooms
- Age of homes: 87.0% of homes were built before 1980
- Vacancy rate: 11.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 64.8% heat with propane
- Commute and cars: 23.3 minutes average trip to work
- Growth: +18.9% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 39.0% moved in since 2020
- Crowding and facilities: 1.6% of homes have more than 1 person per room (Small sample: wide margin of error)
Lake Benton against Lincoln County, its state and the nation
| Lake Benton | Lincoln County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 794 (±110) | 5,603 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 432 (±51) | 3,045 (±60) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 26.1% (±6.9 points) | 18.6% (±2.3 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $513 (±$124) | $674 (±$42) | $1,280 (±$7) | $1,413 |
| Median household income | $52,250 (±$17,805) | $69,694 (±$3,667) | $89,062 (±$409) | $80,734 |
| Median home value | $99,800 (±$26,203) | $164,400 (±$6,615) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $1,120 (±$255) | $1,574 (±$124) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 87.0% (±11.9 points) | 75.3% (±4.3 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 23.3 minutes (±5.1) | 22.0 minutes (±1.3) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 93.5% (±3.2 points) | 88.3% (±1.5 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 37.5 years (±8.2) | 45.6 years (±0.6) | 38.8 years (±0.1) | 38.9 years |
Lake Benton covers 3.2 square miles of land, about 248 residents per square mile (Census Bureau Gazetteer).
How Lake Benton has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 668 (±96) | 794 (±110) | +18.9% | Not a measurable change |
| Housing units | 374 (±51) | 432 (±51) | +15.5% | Not a measurable change |
| Median gross rent | $475 (±$72) | $513 (±$124) | +8.0% | No measurable change after inflation |
| Median home value | $86,700 (±$5,522) | $99,800 (±$26,203) | +15.1% | No measurable change after inflation |
| Median household income | $41,250 (±$8,847) | $52,250 (±$17,805) | +26.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $971 (±$116) | $1,168 (±$105) | +20.3% | No measurable change after inflation |
| Median real estate taxes | $1,081 (±$146) | $1,120 (±$255) | +3.6% | No measurable change after inflation |
| Households that rent | 27.0% (±7.7 points) | 26.1% (±6.9 points) | −0.9 percentage points | Not a measurable change |
| Rental vacancy rate | 5.3% (±9.4 points) | 11.0% (±9.0 points) | +5.7 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.
Crime reported to police in Lincoln County
Lake Benton has no police department of its own in the FBI’s figures, so this is the figure for Lincoln County as a whole.
In 2025, the police departments that report for Lincoln County recorded 72 violent and 90 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Lake Benton
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Lake Benton Township | 3.5 mi | — | $329,200 | 5.7% |
| Verdi Township | 4.7 mi | $563 | $183,300 | 22.0% |
| Diamond Lake Township | 5.3 mi | — | $212,500 | 1.2% |
| Drammen Township | 6.9 mi | — | $156,300 | 23.5% |
| Hope Township | 7.9 mi | — | $240,600 | 3.0% |
| Tyler | 8.1 mi | $750 | $151,100 | 24.9% |
| Fountain Prairie Township | 8.3 mi | — | $256,300 | 0.0% |
| Marshfield Township | 8.9 mi | — | $337,500 | 12.2% |
Places in Minnesota most like Lake Benton
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Trimont | $622 | $98,800 | $49,196 | 32.8% |
| Marble | $658 | $102,500 | $53,958 | 22.0% |
| Lyle | $575 | $111,800 | $58,269 | 27.8% |
| Karlstad | $619 | $126,300 | $64,000 | 25.6% |
| Kensington | $650 | $110,700 | $46,000 | 21.5% |
| Nashwauk | $688 | $112,300 | $57,589 | 21.2% |
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 Lake Benton, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $706 | $775 | $1,014 | $1,291 | $1,333 |
HUD income limits for Lake Benton, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,600 | $34,300 | $54,900 |
| 2 people | $23,550 | $39,200 | $62,750 |
| 3 people | $27,320 | $44,100 | $70,600 |
| 4 people | $33,000 | $49,000 | $78,400 |
| 5 people | $38,680 | $52,950 | $84,700 |
| 6 people | $44,360 | $56,850 | $90,950 |
| 7 people | $50,040 | $60,800 | $97,250 |
| 8 people | $55,720 | $64,700 | $103,500 |
These are the limits HUD sets for its housing programs in the Lincoln County, MN, where HUD’s median family income for fiscal year 2026 is $91,500.
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 Lake Benton
How many renters are there in Lake Benton?
Lake Benton has an estimated 97 (±29) renting households, 26.1% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lake Benton?
The median household income in Lake Benton is $52,250 (±$17,805) a year (2020–2024 American Community Survey).
What is the average home value in Lake Benton, MN?
The Census Bureau publishes the median: $99,800 (±$26,203) for owner-occupied homes in Lake Benton (2020–2024 American Community Survey).
What is the average mortgage payment in Lake Benton?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Benton, MN is $1,168 (±$105) a month, including taxes, insurance and utilities.
How much are property taxes in Lake Benton?
The median real estate tax paid by homeowners in Lake Benton, MN is $1,120 (±$255) a year (2020–2024 American Community Survey).
How many homes are in Lake Benton?
Lake Benton, MN has an estimated 432 (±51) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Lake Benton growing?
In Lake Benton, the number of residents went from 668 in 2015–2019 to 794 in 2020–2024 (+18.9%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake Benton city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Benton city, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Benton city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake Benton city, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lake Benton city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake Benton city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Benton city, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Lincoln County, MN
- HUD Income Limits, fiscal year 2026: Lincoln County, MN
- 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 Lake Benton city, Minnesota (place:34100, in state:27).
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 .