What percentage of people rent in Wells, MN?

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

23.9% (±6.2 points) of the occupied homes in Wells, MN are rented (2020–2024 American Community Survey).

That is 268 renting households against 853 that own their home.

In Wells, the share of households that rent went from 20.0% in 2015–2019 to 23.9% in 2020–2024 (+3.9 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 23.9% (±6.2 points)
Renting households: 268 (±69)
Median renter income: $34,917 (±$21,802)

Who rents and who owns in Wells

Tenure, estimate (90% margin of error)
	Wells	Faribault County	Minnesota	United States
Renter-occupied share	23.9% (±6.2 points)	20.8% (±2.3 points)	27.8% (±0.2 points)	34.8%
Renting households	268 (±69)	1,265 (±143)	641,268 (±4,528)	45,017,354
Owning households	853 (±109)	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	2.0 (±0.2)	2.3 (±0.1)	2.6 (±0.0)	2.6
Median renter household income	$34,917 (±$21,802)	$41,795 (±$7,048)	$51,080 (±$531)	$52,966
Median owner household income	$62,574 (±$10,050)	$75,494 (±$3,667)	$108,214 (±$476)	$100,009

In Wells, 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, Wells ranks 4 of 31 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 433 of 2,628.

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

How renting in Wells 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% (±4.9 points)	23.9% (±6.2 points)	+3.9 percentage points	Not a measurable change
Median gross rent	$604 (±$77)	$694 (±$51)	+14.9%	No measurable change after inflation
Median household income	$46,205 (±$5,496)	$60,156 (±$14,607)	+30.2%	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 Wells

Nearest places with a published estimate, compared with Wells
Place	Distance	Households that rent	Compared with this place
Wells	—	23.9% (±6.2 points)	—
Clark Township (Faribault County)	2.4 mi	5.3% (±5.7 points)	Lower
Walnut Lake Township	4.5 mi	16.2% (±13.4 points)	Not measurably different
Dunbar Township	4.6 mi	10.7% (±7.6 points)	Lower
Minnesota Lake Township	6.5 mi	23.4% (±10.4 points)	Not measurably different
Carlston Township	7.0 mi	16.8% (±12.9 points)	Not measurably different
Foster Township (Faribault County)	7.3 mi	4.1% (±4.7 points)	Lower
Freeborn Township	8.0 mi	26.7% (±11.4 points)	Not measurably different
Minnesota Lake	8.3 mi	23.1% (±6.1 points)	Not measurably different

Nearby places with a measurably lower figure: Clark Township (Faribault County), MN (5.3%), Dunbar Township, MN (10.7%), Foster Township (Faribault County), MN (4.1%).

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)

Showing 10 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 Wells

How many renters are there in Wells?

Wells has an estimated 268 (±69) renting households, 23.9% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Wells?

In Wells, the share of households that rent went from 20.0% in 2015–2019 to 23.9% in 2020–2024 (+3.9 percentage points), not a measurable change.

How big are renting households in Wells?

A renting household in Wells has 1.9 people on average, against 2.0 in an owned home.

How much do renters earn in Wells?

The median renting household in Wells, MN has an income of $34,917 (±$21,802) a year, against $62,574 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 Wells city, Minnesota (place:69106, 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.