What percentage of people rent in Mineral Springs, NC?
15.4% (±6.2 points) of the occupied homes in Mineral Springs, NC are rented (2020–2024 American Community Survey).
That is 180 renting households against 990 that own their home.
In Mineral Springs, the share of households that rent went from 17.7% in 2015–2019 to 15.4% in 2020–2024 (−2.3 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 15.4% (±6.2 points)
- Renting households
- 180 (±77)
- Median renter income
- $52,917 (±$4,911)
Who rents and who owns in Mineral Springs
| Mineral Springs | Union County | North Carolina | United States | |
|---|---|---|---|---|
| Renter-occupied share | 15.4% (±6.2 points) | 18.4% (±1.1 points) | 33.4% (±0.2 points) | 34.8% |
| Renting households | 180 (±77) | 15,459 (±958) | 1,428,852 (±8,279) | 45,017,354 |
| Owning households | 990 (±101) | 68,778 (±1,053) | 2,853,493 (±14,473) | 84,210,142 |
| Average renter household size | 2.1 (±0.4) | 2.8 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 3.0 (±0.3) | 3.0 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $52,917 (±$4,911) | $65,360 (±$6,662) | $48,010 (±$418) | $52,966 |
| Median owner household income | $102,813 (±$33,610) | $114,511 (±$3,140) | $88,911 (±$521) | $100,009 |
In Mineral Springs, the renter share is not measurably different from Union County (18.4%).
It is also lower than in North Carolina (33.4%).
It is lower than the national figure (34.8%).
In Union County, Mineral Springs ranks 7 of 14 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 524 of 663.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Mineral Springs has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 17.7% (±7.2 points) | 15.4% (±6.2 points) | −2.3 percentage points | Not a measurable change |
| Median gross rent | $1,013 (±$186) | $1,340 (±$99) | +32.3% | No measurable change after inflation |
| Median household income | $70,250 (±$10,273) | $91,500 (±$9,884) | +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 Mineral Springs
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Mineral Springs | — | 15.4% (±6.2 points) | — |
| Waxhaw | 3.1 mi | 17.0% (±4.4 points) | Not measurably different |
| Wesley Chapel | 4.3 mi | 1.9% (±1.3 points) | Lower |
| Weddington | 6.1 mi | 4.9% (±2.6 points) | Lower |
| Monroe | 8.1 mi | 38.4% (±3.9 points) | Higher |
| Marvin | 8.3 mi | 0.5% (±0.8 points) | Lower |
| Indian Trail | 8.8 mi | 21.9% (±2.9 points) | Not measurably different |
| Lake Park | 10 mi | 21.9% (±7.0 points) | Not measurably different |
| Van Wyck | 10 mi | 7.9% (±6.7 points) | Not measurably different |
Nearby places with a measurably lower figure: Wesley Chapel, NC (1.9%), Weddington, NC (4.9%), Marvin, NC (0.5%).
Nearby places with a measurably higher figure: Monroe, NC (38.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Union County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Marshville | 43.2% (±11.3 points) |
| 2 | Wingate | 39.1% (±10.1 points) |
| 3 | Monroe | 38.4% (±3.9 points) |
| 4 (tie) | Indian Trail | 21.9% (±2.9 points) |
| 4 (tie) | Lake Park | 21.9% (±7.0 points) |
| 6 | Waxhaw | 17.0% (±4.4 points) |
| 7 | Mineral Springs | 15.4% (±6.2 points) |
| 8 | Hemby Bridge | 15.0% (±5.9 points) |
| 9 | Unionville | 12.8% (±4.7 points) |
| 10 | Stallings | 12.5% (±3.4 points) |
| 11 | Fairview | 8.8% (±5.5 points) |
| 12 | Weddington | 4.9% (±2.6 points) |
| 13 | Wesley Chapel | 1.9% (±1.3 points) |
Showing 13 of 14 places in Union 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 Mineral Springs
How many renters are there in Mineral Springs?
Mineral Springs has an estimated 180 (±77) renting households, 15.4% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Mineral Springs?
In Mineral Springs, the share of households that rent went from 17.7% in 2015–2019 to 15.4% in 2020–2024 (−2.3 percentage points), not a measurable change.
How big are renting households in Mineral Springs?
A renting household in Mineral Springs has 2.1 people on average, against 3.0 in an owned home.
How much do renters earn in Mineral Springs?
The median renting household in Mineral Springs, NC has an income of $52,917 (±$4,911) a year, against $102,813 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mineral Springs town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Mineral Springs town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Mineral Springs town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mineral Springs town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Mineral Springs town, North Carolina
- 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 Mineral Springs town, North Carolina (place:43360, in state:37).
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 Mineral Springs at a glance
- Median rent in Mineral Springs
- Income and affordability in Mineral Springs
- Home values in Mineral Springs
- Homeowner costs in Mineral Springs
- Property taxes in Mineral Springs
- Types of homes in Mineral Springs
- Age of homes in Mineral Springs
- Heating fuel in Mineral Springs
- Commute and cars in Mineral Springs
- Population growth in Mineral Springs
- How long people stay in Mineral Springs
- Fair Market Rent in Mineral Springs
- North Carolina landlord and tenant rules
- Housing across Union County
- North Carolina places ranked by share of renters
- Housing data for every place in North Carolina