What percentage of people rent in Lakefield, MN?
10.4% (±3.9 points) of the occupied homes in Lakefield, MN are rented (2020–2024 American Community Survey).
That is 70 renting households against 605 that own their home.
In Lakefield, the share of households that rent went from 16.6% in 2015–2019 to 10.4% in 2020–2024 (−6.2 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 10.4% (±3.9 points)
- Renting households
- 70 (±26)
- Median renter income
- $51,250 (±$23,779)
Who rents and who owns in Lakefield
| Lakefield | Jackson County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 10.4% (±3.9 points) | 19.9% (±2.5 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 70 (±26) | 871 (±118) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 605 (±63) | 3,516 (±115) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 2.1 (±0.6) | 2.0 (±0.2) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.2 (±0.1) | 2.3 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $51,250 (±$23,779) | $50,256 (±$8,115) | $51,080 (±$531) | $52,966 |
| Median owner household income | $72,102 (±$6,959) | $81,200 (±$4,305) | $108,214 (±$476) | $100,009 |
In Lakefield, the renter share is lower than in Jackson County (19.9%).
It is also lower than in Minnesota (27.8%).
It is lower than the national figure (34.8%).
In Jackson County, Lakefield ranks 16 of 26 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 1243 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lakefield has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 16.6% (±5.0 points) | 10.4% (±3.9 points) | −6.2 percentage points | Not a measurable change |
| Median gross rent | $774 (±$67) | $770 (±$279) | −0.5% | No measurable change after inflation |
| Median household income | $51,944 (±$5,377) | $71,648 (±$7,442) | +37.9% | 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 Lakefield
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lakefield | — | 10.4% (±3.9 points) | — |
| Heron Lake Township | 3.3 mi | 14.2% (±7.3 points) | Not measurably different |
| Hunter Township | 3.7 mi | 15.4% (±12.6 points) | Not measurably different |
| Des Moines Township | 6.1 mi | 11.5% (±7.7 points) | Not measurably different |
| Rost Township | 6.2 mi | 11.3% (±7.1 points) | Not measurably different |
| West Heron Lake Township | 6.3 mi | 5.2% (±6.3 points) | Not measurably different |
| Belmont Township | 7.3 mi | 12.2% (±7.8 points) | Not measurably different |
| Delafield Township | 8.4 mi | 6.3% (±4.7 points) | Not measurably different |
| Okabena | 8.6 mi | 5.4% (±6.2 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Jackson County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 10 | Hunter Township | 15.4% (±12.6 points) |
| 11 | Heron Lake Township | 14.2% (±7.3 points) |
| 12 | Belmont Township | 12.2% (±7.8 points) |
| 13 | La Crosse Township | 11.9% (±8.6 points) |
| 14 | Des Moines Township | 11.5% (±7.7 points) |
| 15 | Rost Township | 11.3% (±7.1 points) |
| 16 | Lakefield | 10.4% (±3.9 points) |
| 17 | Christiania Township | 10.3% (±5.1 points) |
| 18 | Alpha | 8.2% (±6.4 points) |
| 19 | Delafield Township | 6.3% (±4.7 points) |
| 20 | Petersburg Township | 6.2% (±5.1 points) |
| 21 | Okabena | 5.4% (±6.2 points) |
| 22 | West Heron Lake Township | 5.2% (±6.3 points) |
Showing 13 of 26 places in Jackson 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 Lakefield
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Questions about Lakefield
How many renters are there in Lakefield?
Lakefield has an estimated 70 (±26) renting households, 10.4% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lakefield?
In Lakefield, the share of households that rent went from 16.6% in 2015–2019 to 10.4% in 2020–2024 (−6.2 percentage points), not a measurable change.
How big are renting households in Lakefield?
A renting household in Lakefield has 2.1 people on average, against 2.2 in an owned home.
How much do renters earn in Lakefield?
The median renting household in Lakefield, MN has an income of $51,250 (±$23,779) a year, against $72,102 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakefield city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lakefield city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lakefield city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lakefield city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lakefield 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 Lakefield city, Minnesota (place:34316, 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 Lakefield at a glance
- Income and affordability in Lakefield
- Home values in Lakefield
- Homeowner costs in Lakefield
- Property taxes in Lakefield
- Types of homes in Lakefield
- Bedrooms in Lakefield
- Age of homes in Lakefield
- Heating fuel in Lakefield
- Commute and cars in Lakefield
- Crime reported to police in Lakefield
- Population growth in Lakefield
- How long people stay in Lakefield
- Minnesota landlord and tenant rules
- Housing across Jackson County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota