What percentage of people rent in Norwood Young America, MN?

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

25.4% (±7.9 points) of the occupied homes in Norwood Young America, MN are rented (2020–2024 American Community Survey).

That is 362 renting households against 1,064 that own their home.

In Norwood Young America, the share of households that rent went from 31.3% in 2015–2019 to 25.4% in 2020–2024 (−5.9 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 25.4% (±7.9 points)
Renting households: 362 (±124)
Median renter income: $37,778 (±$24,244)

Who rents and who owns in Norwood Young America

Tenure, estimate (90% margin of error)
	Norwood Young America	Carver County	Minnesota	United States
Renter-occupied share	25.4% (±7.9 points)	18.5% (±1.4 points)	27.8% (±0.2 points)	34.8%
Renting households	362 (±124)	7,627 (±567)	641,268 (±4,528)	45,017,354
Owning households	1,064 (±125)	33,548 (±594)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.6 (±0.3)	2.0 (±0.1)	2.0 (±0.0)	2.3
Average owner household size	3.0 (±0.3)	2.8 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$37,778 (±$24,244)	$68,811 (±$2,884)	$51,080 (±$531)	$52,966
Median owner household income	$98,537 (±$20,790)	$146,916 (±$4,608)	$108,214 (±$476)	$100,009

In Norwood Young America, the renter share is not measurably different from Carver County (18.5%).

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

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

In Carver County, Norwood Young America ranks 3 of 21 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 388 of 2,628.

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

How renting in Norwood Young America 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	31.3% (±6.7 points)	25.4% (±7.9 points)	−5.9 percentage points	Not a measurable change
Median gross rent	$922 (±$166)	$1,073 (±$200)	+16.4%	No measurable change after inflation
Median household income	$69,136 (±$4,035)	$71,364 (±$11,249)	+3.2%	Down 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 Norwood Young America

Nearest places with a published estimate, compared with Norwood Young America
Place	Distance	Households that rent	Compared with this place
Norwood Young America	—	25.4% (±7.9 points)	—
Young America Township	2.0 mi	2.9% (±3.3 points)	Lower
Hamburg	3.5 mi	25.6% (±12.5 points)	Not measurably different
Benton Township	4.1 mi	3.8% (±2.7 points)	Lower
Camden Township	5.4 mi	5.4% (±3.0 points)	Lower
Plato	6.0 mi	3.2% (±4.2 points)	Lower
Cologne	6.1 mi	9.2% (±5.0 points)	Lower
Hancock Township	6.3 mi	5.8% (±5.7 points)	Lower
Waconia Township	7.3 mi	8.8% (±8.5 points)	Lower

Nearby places with a measurably lower figure: Young America Township, MN (2.9%), Benton Township, MN (3.8%), Camden Township, MN (5.4%).

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

Households that rent across Carver County, place by place

Rank	Place	Households that rent
1	Chaska	32.4% (±3.5 points)
2	Hamburg	25.6% (±12.5 points)
3	Norwood Young America	25.4% (±7.9 points)
4	Waconia	19.7% (±4.5 points)
5	Watertown	17.1% (±7.4 points)
6	Chanhassen	15.9% (±2.5 points)
7	Hollywood Township	12.4% (±5.9 points)
8	New Germany	11.9% (±6.2 points)
9	Cologne	9.2% (±5.0 points)

Showing 9 of 21 places in Carver 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 Norwood Young America

How many renters are there in Norwood Young America?

Norwood Young America has an estimated 362 (±124) renting households, 25.4% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Norwood Young America?

In Norwood Young America, the share of households that rent went from 31.3% in 2015–2019 to 25.4% in 2020–2024 (−5.9 percentage points), not a measurable change.

How big are renting households in Norwood Young America?

A renting household in Norwood Young America has 1.6 people on average, against 3.0 in an owned home.

How much do renters earn in Norwood Young America?

The median renting household in Norwood Young America, MN has an income of $37,778 (±$24,244) a year, against $98,537 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 Norwood Young America city, Minnesota (place:47520, 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.