What percentage of people rent in Richwood Township, MN?
20.2% (±9.9 points) of the occupied homes in Richwood Township, MN are rented (2020–2024 American Community Survey).
That is 76 renting households against 300 that own their home.
In Richwood Township, the share of households that rent went from 5.4% in 2015–2019 to 20.2% in 2020–2024 (+14.8 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 20.2% (±9.9 points)
- Renting households
- 76 (±42)
- Median renter income
- $56,286 (±$2,673)
Who rents and who owns in Richwood Township
| Richwood Township | Becker County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 20.2% (±9.9 points) | 22.8% (±1.7 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 76 (±42) | 3,287 (±255) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 300 (±57) | 11,123 (±289) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 1.5 (±0.5) | 1.9 (±0.1) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.4) | 2.6 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $56,286 (±$2,673) | $36,775 (±$2,249) | $51,080 (±$531) | $52,966 |
| Median owner household income | $88,750 (±$20,165) | $86,097 (±$2,611) | $108,214 (±$476) | $100,009 |
In Richwood Township, the renter share is not measurably different from Becker County (22.8%).
It is not measurably different from Minnesota (27.8%).
It is lower than the national figure (34.8%).
In Becker County, Richwood Township ranks 10 of 44 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 568 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Richwood Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 5.4% (±3.0 points) | 20.2% (±9.9 points) | +14.8 percentage points | Measurable increase |
| Median gross rent | $613 (±$210) | $1,671 (±$647) | +172.6% | Up after inflation |
| Median household income | $64,375 (±$10,541) | $69,750 (±$10,735) | +8.3% | 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 Richwood Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Richwood Township | — | 20.2% (±9.9 points) | — |
| Detroit Township | 4.4 mi | 15.3% (±6.7 points) | Not measurably different |
| Callaway | 4.7 mi | 23.9% (±12.2 points) | Not measurably different |
| Hamden Township | 5.2 mi | 0.0% (±23.2 points) | Not measurably different |
| Holmesville Township | 6.3 mi | 0.0% (±10.2 points) | Lower |
| Audubon | 6.5 mi | 31.4% (±12.6 points) | Not measurably different |
| Erie Township | 7.3 mi | 6.3% (±3.7 points) | Lower |
| Audubon Township | 7.3 mi | 9.6% (±10.4 points) | Not measurably different |
| Callaway Township | 7.9 mi | 10.0% (±6.7 points) | Not measurably different |
Nearby places with a measurably lower figure: Holmesville Township, MN (0.0%), Erie Township, MN (6.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Becker County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 4 | Ogema | 42.2% (±11.4 points) |
| 5 | Pine Point Township | 39.4% (±10.5 points) |
| 6 | Frazee | 34.7% (±8.2 points) |
| 7 | Audubon | 31.4% (±12.6 points) |
| 8 | Callaway | 23.9% (±12.2 points) |
| 9 | Eagle View Township | 23.0% (±10.6 points) |
| 10 | Richwood Township | 20.2% (±9.9 points) |
| 11 | Lake Park | 17.3% (±6.2 points) |
| 12 | Maple Grove Township (Becker County) | 16.0% (±5.9 points) |
| 13 | Spring Creek Township (Becker County) | 15.4% (±11.9 points) |
| 14 | Detroit Township | 15.3% (±6.7 points) |
| 15 | Toad Lake Township | 14.4% (±8.8 points) |
| 16 | Riceville Township | 14.3% (±12.9 points) |
Showing 13 of 44 places in Becker 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 Richwood Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Richwood Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Richwood Township beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Richwood Township, and send estimates and invoices from your phone.
Questions about Richwood Township
How many renters are there in Richwood Township?
Richwood Township has an estimated 76 (±42) renting households, 20.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Richwood Township?
In Richwood Township, the share of households that rent went from 5.4% in 2015–2019 to 20.2% in 2020–2024 (+14.8 percentage points), a measurable increase.
How big are renting households in Richwood Township?
A renting household in Richwood Township has 1.5 people on average, against 2.6 in an owned home.
How much do renters earn in Richwood Township?
The median renting household in Richwood Township, MN has an income of $56,286 (±$2,673) a year, against $88,750 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Richwood township, Becker County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Richwood township, Becker County, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Richwood township, Becker County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Richwood township, Becker County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Richwood township, Becker County, 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 Richwood township, Becker County, Minnesota (county subdivision:54376, in state:27 county:005).
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 Richwood Township at a glance
- Income and affordability in Richwood Township
- Home values in Richwood Township
- Homeowner costs in Richwood Township
- Property taxes in Richwood Township
- Types of homes in Richwood Township
- Bedrooms in Richwood Township
- Age of homes in Richwood Township
- Heating fuel in Richwood Township
- Commute and cars in Richwood Township
- Minnesota landlord and tenant rules
- Housing across Becker County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota