What percentage of people rent in Lake Benton, MN?

Name: Renters and owners in Lake Benton, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

26.1% (±6.9 points) of the occupied homes in Lake Benton, MN are rented (2020–2024 American Community Survey).

That is 97 renting households against 275 that own their home.

In Lake Benton, the share of households that rent went from 27.0% in 2015–2019 to 26.1% in 2020–2024 (−0.9 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 26.1% (±6.9 points)
Renting households: 97 (±29)
Median renter income: $20,625 (±$7,449)

Who rents and who owns in Lake Benton

Tenure, estimate (90% margin of error)
	Lake Benton	Lincoln County	Minnesota	United States
Renter-occupied share	26.1% (±6.9 points)	18.6% (±2.3 points)	27.8% (±0.2 points)	34.8%
Renting households	97 (±29)	454 (±59)	641,268 (±4,528)	45,017,354
Owning households	275 (±41)	1,991 (±104)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.6 (±0.2)	1.8 (±0.2)	2.0 (±0.0)	2.3
Average owner household size	2.3 (±0.3)	2.3 (±0.1)	2.6 (±0.0)	2.6
Median renter household income	$20,625 (±$7,449)	$36,750 (±$10,290)	$51,080 (±$531)	$52,966
Median owner household income	$75,938 (±$17,156)	$76,473 (±$1,835)	$108,214 (±$476)	$100,009

In Lake Benton, the renter share is higher than in Lincoln County (18.6%).

It is not measurably different from Minnesota (27.8%).

It is lower than the national figure (34.8%).

In Lincoln County, Lake Benton ranks 2 of 20 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 365 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lake Benton has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	27.0% (±7.7 points)	26.1% (±6.9 points)	−0.9 percentage points	Not a measurable change
Median gross rent	$475 (±$72)	$513 (±$124)	+8.0%	No measurable change after inflation
Median household income	$41,250 (±$8,847)	$52,250 (±$17,805)	+26.7%	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 Lake Benton

Nearest places with a published estimate, compared with Lake Benton
Place	Distance	Households that rent	Compared with this place
Lake Benton	—	26.1% (±6.9 points)	—
Lake Benton Township	3.5 mi	5.7% (±4.3 points)	Lower
Verdi Township	4.7 mi	22.0% (±13.3 points)	Not measurably different
Diamond Lake Township	5.3 mi	1.2% (±3.0 points)	Lower
Drammen Township	6.9 mi	23.5% (±18.2 points)	Not measurably different
Hope Township	7.9 mi	3.0% (±4.3 points)	Lower
Tyler	8.1 mi	24.9% (±5.0 points)	Not measurably different
Fountain Prairie Township	8.3 mi	0.0% (±37.6 points)	Not measurably different
Marshfield Township	8.9 mi	12.2% (±15.3 points)	Not measurably different

Nearby places with a measurably lower figure: Lake Benton Township, MN (5.7%), Diamond Lake Township, MN (1.2%), Hope Township, MN (3.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Lincoln County, place by place

Rank	Place	Households that rent
1	Ivanhoe	28.4% (±8.5 points)
2	Lake Benton	26.1% (±6.9 points)
3	Tyler	24.9% (±5.0 points)
4	Drammen Township	23.5% (±18.2 points)
5	Hendricks	23.1% (±6.4 points)
6	Verdi Township	22.0% (±13.3 points)
7	Ash Lake Township	17.6% (±14.4 points)
8	Arco	16.7% (±16.3 points)

Showing 8 of 20 places in Lincoln 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 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).

Is renting growing in Lake Benton?

In Lake Benton, the share of households that rent went from 27.0% in 2015–2019 to 26.1% in 2020–2024 (−0.9 percentage points), not a measurable change.

How big are renting households in Lake Benton?

A renting household in Lake Benton has 1.6 people on average, against 2.3 in an owned home.

How much do renters earn in Lake Benton?

The median renting household in Lake Benton, MN has an income of $20,625 (±$7,449) a year, against $75,938 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 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 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.