What percentage of people rent in Montrose, MN?
21.8% (±8.0 points) of the occupied homes in Montrose, MN are rented (2020–2024 American Community Survey).
That is 294 renting households against 1,057 that own their home.
In Montrose, the share of households that rent went from 19.3% in 2015–2019 to 21.8% in 2020–2024 (+2.5 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 21.8% (±8.0 points)
- Renting households
- 294 (±115)
- Median renter income
- $92,952 (±$34,798)
Who rents and who owns in Montrose
| Montrose | Wright County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 21.8% (±8.0 points) | 15.9% (±1.3 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 294 (±115) | 8,590 (±680) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 1,057 (±121) | 45,420 (±769) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 1.8 (±0.5) | 2.2 (±0.1) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 3.2 (±0.3) | 2.8 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $92,952 (±$34,798) | $60,350 (±$5,243) | $51,080 (±$531) | $52,966 |
| Median owner household income | $113,875 (±$12,091) | $119,057 (±$3,211) | $108,214 (±$476) | $100,009 |
In Montrose, the renter share is not measurably different from Wright County (15.9%).
It is not measurably different from Minnesota (27.8%).
It is lower than the national figure (34.8%).
In Wright County, Montrose ranks 7 of 34 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 506 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Montrose has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 19.3% (±5.4 points) | 21.8% (±8.0 points) | +2.5 percentage points | Not a measurable change |
| Median gross rent | $1,002 (±$145) | $1,474 (±$400) | +47.1% | No measurable change after inflation |
| Median household income | $72,875 (±$5,477) | $102,625 (±$15,452) | +40.8% | 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 Montrose
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Montrose | — | 21.8% (±8.0 points) | — |
| Waverly | 2.3 mi | 7.3% (±3.3 points) | Lower |
| Marysville Township | 3.6 mi | 15.4% (±9.7 points) | Not measurably different |
| Woodland Township | 4.3 mi | 11.6% (±8.1 points) | Not measurably different |
| Franklin Township | 4.7 mi | 5.8% (±3.1 points) | Lower |
| Delano | 6.5 mi | 22.6% (±5.8 points) | Not measurably different |
| Rockford Township | 6.8 mi | 11.4% (±11.7 points) | Not measurably different |
| Howard Lake | 6.9 mi | 28.0% (±8.4 points) | Not measurably different |
| Chatham Township | 7.0 mi | 1.4% (±1.4 points) | Lower |
Nearby places with a measurably lower figure: Waverly, MN (7.3%), Franklin Township, MN (5.8%), Chatham Township, MN (1.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Wright County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Clearwater | 38.1% (±6.9 points) |
| 2 | Monticello | 35.3% (±4.7 points) |
| 3 | Cokato | 32.8% (±7.7 points) |
| 4 | Howard Lake | 28.0% (±8.4 points) |
| 5 | Buffalo | 25.7% (±4.1 points) |
| 6 | Delano | 22.6% (±5.8 points) |
| 7 | Montrose | 21.8% (±8.0 points) |
| 8 | Rockford | 20.3% (±6.9 points) |
| 9 | Annandale | 16.3% (±7.8 points) |
| 10 | Maple Lake | 16.0% (±5.7 points) |
| 11 | South Haven | 15.6% (±13.0 points) |
| 12 (tie) | Maple Lake Township | 15.4% (±11.0 points) |
| 12 (tie) | Marysville Township | 15.4% (±9.7 points) |
Showing 13 of 34 places in Wright 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 Montrose
How many renters are there in Montrose?
Montrose has an estimated 294 (±115) renting households, 21.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Montrose?
In Montrose, the share of households that rent went from 19.3% in 2015–2019 to 21.8% in 2020–2024 (+2.5 percentage points), not a measurable change.
How big are renting households in Montrose?
A renting household in Montrose has 1.8 people on average, against 3.2 in an owned home.
How much do renters earn in Montrose?
The median renting household in Montrose, MN has an income of $92,952 (±$34,798) a year, against $113,875 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Montrose city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Montrose city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Montrose city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Montrose city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Montrose 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 Montrose city, Minnesota (place:43810, 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 Montrose at a glance
- Median rent in Montrose
- Income and affordability in Montrose
- Home values in Montrose
- Homeowner costs in Montrose
- Property taxes in Montrose
- Types of homes in Montrose
- Bedrooms in Montrose
- Age of homes in Montrose
- Heating fuel in Montrose
- Commute and cars in Montrose
- Population growth in Montrose
- Minnesota landlord and tenant rules
- Housing across Wright County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota