What percentage of people rent in Twin Valley, MN?
27.1% (±8.2 points) of the occupied homes in Twin Valley, MN are rented (2020–2024 American Community Survey).
That is 91 renting households against 245 that own their home.
In Twin Valley, the share of households that rent went from 29.5% in 2015–2019 to 27.1% in 2020–2024 (−2.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 27.1% (±8.2 points)
- Renting households
- 91 (±31)
- Median renter income
- $36,607 (±$18,873)
Who rents and who owns in Twin Valley
| Twin Valley | Norman County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 27.1% (±8.2 points) | 20.6% (±2.7 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 91 (±31) | 555 (±78) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 245 (±47) | 2,145 (±100) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 1.6 (±0.3) | 1.7 (±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 | $36,607 (±$18,873) | $46,607 (±$6,720) | $51,080 (±$531) | $52,966 |
| Median owner household income | $62,917 (±$15,638) | $79,757 (±$3,320) | $108,214 (±$476) | $100,009 |
In Twin Valley, the renter share is not measurably different from Norman County (20.6%).
It is not measurably different from Minnesota (27.8%).
It is not measurably different from the national figure (34.8%).
In Norman County, Twin Valley ranks 5 of 32 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 335 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Twin Valley has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 29.5% (±6.0 points) | 27.1% (±8.2 points) | −2.4 percentage points | Not a measurable change |
| Median gross rent | $630 (±$314) | $786 (±$316) | +24.8% | No measurable change after inflation |
| Median household income | $45,368 (±$4,657) | $57,500 (±$7,440) | +26.7% | 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 Twin Valley
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Twin Valley | — | 27.1% (±8.2 points) | — |
| Wild Rice Township | 2.5 mi | 9.6% (±6.6 points) | Lower |
| Home Lake Township | 4.5 mi | 3.4% (±6.2 points) | Lower |
| Fossum Township | 6.0 mi | 4.2% (±4.4 points) | Lower |
| Lake Ida Township | 6.0 mi | 2.7% (±7.0 points) | Lower |
| Rockwell Township | 6.4 mi | 45.0% (±21.9 points) | Not measurably different |
| Flom Township | 7.1 mi | 16.9% (±8.4 points) | Not measurably different |
| Strand Township | 7.1 mi | 12.2% (±12.0 points) | Lower |
| Gary | 8.0 mi | 1.1% (±3.2 points) | Lower |
Nearby places with a measurably lower figure: Wild Rice Township, MN (9.6%), Home Lake Township, MN (3.4%), Fossum Township, MN (4.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Norman County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Hegne Township | 72.7% (±24.2 points) |
| 2 | Rockwell Township | 45.0% (±21.9 points) |
| 3 | Ada | 33.7% (±6.0 points) |
| 4 | Waukon Township | 32.0% (±22.9 points) |
| 5 | Twin Valley | 27.1% (±8.2 points) |
| 6 | Hendrum | 26.0% (±10.4 points) |
| 7 | Good Hope Township (Norman County) | 20.0% (±22.3 points) |
| 8 | Halstad | 17.5% (±8.4 points) |
| 9 | Green Meadow Township | 17.2% (±14.6 points) |
| 10 | Flom Township | 16.9% (±8.4 points) |
| 11 | Spring Creek Township (Norman County) | 16.7% (±16.9 points) |
Showing 11 of 32 places in Norman 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 Twin Valley
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Questions about Twin Valley
How many renters are there in Twin Valley?
Twin Valley has an estimated 91 (±31) renting households, 27.1% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Twin Valley?
In Twin Valley, the share of households that rent went from 29.5% in 2015–2019 to 27.1% in 2020–2024 (−2.4 percentage points), not a measurable change.
How big are renting households in Twin Valley?
A renting household in Twin Valley has 1.6 people on average, against 2.2 in an owned home.
How much do renters earn in Twin Valley?
The median renting household in Twin Valley, MN has an income of $36,607 (±$18,873) a year, against $62,917 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Twin Valley city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Twin Valley city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Twin Valley city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Twin Valley city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Twin Valley 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 Twin Valley city, Minnesota (place:65938, 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 Twin Valley at a glance
- Income and affordability in Twin Valley
- Home values in Twin Valley
- Homeowner costs in Twin Valley
- Property taxes in Twin Valley
- Types of homes in Twin Valley
- Bedrooms in Twin Valley
- Age of homes in Twin Valley
- Heating fuel in Twin Valley
- Commute and cars in Twin Valley
- Minnesota landlord and tenant rules
- Housing across Norman County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota