What percentage of people rent in Lake City, MN?

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

20.8% (±4.9 points) of the occupied homes in Lake City, MN are rented (2020–2024 American Community Survey).

That is 475 renting households against 1,809 that own their home.

In Lake City, the share of households that rent went from 32.3% in 2015–2019 to 20.8% in 2020–2024 (−11.5 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 20.8% (±4.9 points)
Renting households: 475 (±122)
Median renter income: $37,802 (±$7,819)

Who rents and who owns in Lake City

Tenure, estimate (90% margin of error)
	Lake City	Wabasha County	Minnesota	United States
Renter-occupied share	20.8% (±4.9 points)	16.7% (±1.7 points)	27.8% (±0.2 points)	34.8%
Renting households	475 (±122)	1,528 (±169)	641,268 (±4,528)	45,017,354
Owning households	1,809 (±133)	7,628 (±176)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.7 (±0.2)	1.6 (±0.1)	2.0 (±0.0)	2.3
Average owner household size	2.3 (±0.2)	2.5 (±0.1)	2.6 (±0.0)	2.6
Median renter household income	$37,802 (±$7,819)	$41,453 (±$4,700)	$51,080 (±$531)	$52,966
Median owner household income	$82,257 (±$8,182)	$92,292 (±$3,769)	$108,214 (±$476)	$100,009

In Lake City, the renter share is not measurably different from Wabasha County (16.7%).

It is also lower than in Minnesota (27.8%).

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

In Wabasha County, Lake City ranks 5 of 26 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 542 of 2,628.

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

How renting in Lake City 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	32.3% (±6.1 points)	20.8% (±4.9 points)	−11.5 percentage points	Measurable decrease
Median gross rent	$845 (±$200)	$871 (±$110)	+3.1%	No measurable change after inflation
Median household income	$57,853 (±$7,338)	$72,244 (±$10,106)	+24.9%	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 City

Nearest places with a published estimate, compared with Lake City
Place	Distance	Households that rent	Compared with this place
Lake City	—	20.8% (±4.9 points)	—
Stockholm	3.2 mi	0.0% (±35.7 points)	Not measurably different
Mount Pleasant Township	3.2 mi	11.6% (±6.7 points)	Lower
Lake Township (Wabasha County)	4.2 mi	11.5% (±7.9 points)	Lower
Town of Stockholm	4.2 mi	13.1% (±9.0 points)	Not measurably different
Florence Township	5.9 mi	6.5% (±3.2 points)	Lower
Pepin	6.6 mi	22.2% (±6.7 points)	Not measurably different
Town of Pepin	7.1 mi	8.7% (±4.1 points)	Lower
West Albany Township	7.6 mi	17.6% (±7.5 points)	Not measurably different

Nearby places with a measurably lower figure: Mount Pleasant Township, MN (11.6%), Lake Township (Wabasha County), MN (11.5%), Florence Township, MN (6.5%).

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

Households that rent across Wabasha County, place by place

Rank	Place	Households that rent
1	Wabasha	31.7% (±8.1 points)
2	Millville	28.6% (±14.0 points)
3	Hammond	28.4% (±14.7 points)
4	Highland Township	23.5% (±7.2 points)
5	Lake City	20.8% (±4.9 points)
6	Elgin	18.5% (±5.1 points)
7	Kellogg	18.1% (±7.1 points)
8 (tie)	Mazeppa	17.6% (±6.6 points)
8 (tie)	West Albany Township	17.6% (±7.5 points)
10	Zumbro Falls	17.2% (±13.6 points)
11 (tie)	Chester Township (Wabasha County)	16.9% (±9.0 points)

Showing 11 of 26 places in Wabasha 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 Lake City

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Lake City, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Lake City beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Lake City, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Lake City

How many renters are there in Lake City?

Lake City has an estimated 475 (±122) renting households, 20.8% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lake City?

In Lake City, the share of households that rent went from 32.3% in 2015–2019 to 20.8% in 2020–2024 (−11.5 percentage points), a measurable decrease.

How big are renting households in Lake City?

A renting household in Lake City has 1.7 people on average, against 2.3 in an owned home.

How much do renters earn in Lake City?

The median renting household in Lake City, MN has an income of $37,802 (±$7,819) a year, against $82,257 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 City city, Minnesota (place:34172, 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.