What percentage of people rent in Lanesboro, MN?
31.4% (±8.5 points) of the occupied homes in Lanesboro, MN are rented (2020–2024 American Community Survey).
That is 111 renting households against 242 that own their home.
In Lanesboro, the share of households that rent went from 20.1% in 2015–2019 to 31.4% in 2020–2024 (+11.3 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 31.4% (±8.5 points)
- Renting households
- 111 (±39)
Who rents and who owns in Lanesboro
| Lanesboro | Fillmore County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 31.4% (±8.5 points) | 17.4% (±1.5 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 111 (±39) | 1,521 (±139) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 242 (±31) | 7,202 (±147) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 1.9 (±0.5) | 1.9 (±0.1) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.2 (±0.2) | 2.5 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | — | $39,925 (±$4,787) | $51,080 (±$531) | $52,966 |
| Median owner household income | $96,786 (±$4,537) | $87,980 (±$3,597) | $108,214 (±$476) | $100,009 |
In Lanesboro, the renter share is higher than in Fillmore County (17.4%).
It is not measurably different from Minnesota (27.8%).
It is not measurably different from the national figure (34.8%).
In Fillmore County, Lanesboro ranks 2 of 37 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 236 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lanesboro has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 20.1% (±4.6 points) | 31.4% (±8.5 points) | +11.3 percentage points | Measurable increase |
| Median gross rent | $525 (±$45) | $518 (±$114) | −1.3% | No measurable change after inflation |
| Median household income | $57,500 (±$12,236) | $75,313 (±$15,050) | +31.0% | 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 Lanesboro
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lanesboro | — | 31.4% (±8.5 points) | — |
| Carrolton Township | 2.2 mi | 13.1% (±8.7 points) | Lower |
| Whalan | 2.6 mi | 0.0% (±51.5 points) | Not measurably different |
| Holt Township (Fillmore County) | 3.8 mi | 4.9% (±3.7 points) | Lower |
| Preston | 6.3 mi | 26.4% (±6.3 points) | Not measurably different |
| Pilot Mound Township | 6.5 mi | 10.7% (±7.0 points) | Lower |
| Amherst Township | 6.6 mi | 17.9% (±12.7 points) | Not measurably different |
| Preston Township | 6.6 mi | 10.6% (±6.9 points) | Lower |
| Arendahl Township | 6.9 mi | 4.1% (±3.6 points) | Lower |
Nearby places with a measurably lower figure: Carrolton Township, MN (13.1%), Holt Township (Fillmore County), MN (4.9%), Pilot Mound Township, MN (10.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Fillmore County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Wykoff | 39.3% (±9.8 points) |
| 2 | Lanesboro | 31.4% (±8.5 points) |
| 3 | Rushford | 28.1% (±6.4 points) |
| 4 | Preston | 26.4% (±6.3 points) |
| 5 (tie) | Spring Valley | 24.2% (±4.8 points) |
| 5 (tie) | Fountain Township | 24.2% (±14.2 points) |
| 7 | Carimona Township | 23.1% (±15.4 points) |
| 8 | Ostrander | 22.1% (±11.8 points) |
Showing 8 of 37 places in Fillmore 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 Lanesboro
How many renters are there in Lanesboro?
Lanesboro has an estimated 111 (±39) renting households, 31.4% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lanesboro?
In Lanesboro, the share of households that rent went from 20.1% in 2015–2019 to 31.4% in 2020–2024 (+11.3 percentage points), a measurable increase.
How big are renting households in Lanesboro?
A renting household in Lanesboro has 1.9 people on average, against 2.2 in an owned home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lanesboro city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lanesboro city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lanesboro city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lanesboro city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lanesboro 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 Lanesboro city, Minnesota (place:35450, 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 Lanesboro at a glance
- Median rent in Lanesboro
- Income and affordability in Lanesboro
- Home values in Lanesboro
- Homeowner costs in Lanesboro
- Property taxes in Lanesboro
- Types of homes in Lanesboro
- Bedrooms in Lanesboro
- Age of homes in Lanesboro
- Heating fuel in Lanesboro
- Commute and cars in Lanesboro
- How long people stay in Lanesboro
- Minnesota landlord and tenant rules
- Housing across Fillmore County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota