What percentage of people rent in Minnesota Lake, MN?

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

23.1% (±6.1 points) of the occupied homes in Minnesota Lake, MN are rented (2020–2024 American Community Survey).

That is 71 renting households against 237 that own their home.

In Minnesota Lake, the share of households that rent went from 20.0% in 2015–2019 to 23.1% in 2020–2024 (+3.1 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 23.1% (±6.1 points)
Renting households: 71 (±25)
Median renter income: $67,292 (±$14,414)

Who rents and who owns in Minnesota Lake

Tenure, estimate (90% margin of error)
	Minnesota Lake	Faribault County	Minnesota	United States
Renter-occupied share	23.1% (±6.1 points)	20.8% (±2.3 points)	27.8% (±0.2 points)	34.8%
Renting households	71 (±25)	1,265 (±143)	641,268 (±4,528)	45,017,354
Owning households	237 (±43)	4,814 (±181)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.9 (±0.3)	2.1 (±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	$67,292 (±$14,414)	$41,795 (±$7,048)	$51,080 (±$531)	$52,966
Median owner household income	$71,477 (±$7,649)	$75,494 (±$3,667)	$108,214 (±$476)	$100,009

In Minnesota Lake, the renter share is not measurably different from Faribault County (20.8%).

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

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

In Faribault County, Minnesota Lake ranks 6 of 31 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 464 of 2,628.

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

How renting in Minnesota Lake 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	20.0% (±6.9 points)	23.1% (±6.1 points)	+3.1 percentage points	Not a measurable change
Median gross rent	$608 (±$136)	$1,015 (±$416)	+66.9%	No measurable change after inflation
Median household income	$56,875 (±$5,433)	$68,750 (±$3,809)	+20.9%	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 Minnesota Lake

Nearest places with a published estimate, compared with Minnesota Lake
Place	Distance	Households that rent	Compared with this place
Minnesota Lake	—	23.1% (±6.1 points)	—
Minnesota Lake Township	2.6 mi	23.4% (±10.4 points)	Not measurably different
Danville Township	3.6 mi	8.3% (±4.9 points)	Lower
Mapleton Township	6.1 mi	11.6% (±7.7 points)	Lower
Easton	6.3 mi	11.8% (±8.6 points)	Lower
Lura Township	6.4 mi	1.2% (±3.3 points)	Lower
Vivian Township	6.5 mi	5.7% (±6.1 points)	Lower
Dunbar Township	6.6 mi	10.7% (±7.6 points)	Lower
Wells	8.3 mi	23.9% (±6.2 points)	Not measurably different

Nearby places with a measurably lower figure: Danville Township, MN (8.3%), Mapleton Township, MN (11.6%), Easton, MN (11.8%).

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

Households that rent across Faribault County, place by place

Rank	Place	Households that rent
1	Blue Earth	30.4% (±7.0 points)
2	Winnebago	27.1% (±6.7 points)
3	Bricelyn	26.2% (±10.0 points)
4	Wells	23.9% (±6.2 points)
5	Minnesota Lake Township	23.4% (±10.4 points)
6 (tie)	Minnesota Lake	23.1% (±6.1 points)
6 (tie)	Walters	23.1% (±29.0 points)
8	Elmore	22.2% (±11.3 points)
9	Pilot Grove Township	21.7% (±11.0 points)
10	Walnut Lake Township	16.2% (±13.4 points)
11	Kiester	16.1% (±6.0 points)
12	Jo Daviess Township	15.5% (±10.4 points)

Showing 12 of 31 places in Faribault 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 Minnesota Lake

How many renters are there in Minnesota Lake?

Minnesota Lake has an estimated 71 (±25) renting households, 23.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Minnesota Lake?

In Minnesota Lake, the share of households that rent went from 20.0% in 2015–2019 to 23.1% in 2020–2024 (+3.1 percentage points), not a measurable change.

How big are renting households in Minnesota Lake?

A renting household in Minnesota Lake has 1.9 people on average, against 2.3 in an owned home.

How much do renters earn in Minnesota Lake?

The median renting household in Minnesota Lake, MN has an income of $67,292 (±$14,414) a year, against $71,477 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 Minnesota Lake city, Minnesota (place:43198, 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.