What percentage of people rent in Milbank, SD?
30.2% (±8.1 points) of the occupied homes in Milbank, SD are rented (2020–2024 American Community Survey).
That is 462 renting households against 1,068 that own their home.
In Milbank, the share of households that rent went from 26.8% in 2015–2019 to 30.2% in 2020–2024 (+3.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 30.2% (±8.1 points)
- Renting households
- 462 (±132)
- Median renter income
- $29,659 (±$19,436)
Who rents and who owns in Milbank
| Milbank | Grant County | South Dakota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 30.2% (±8.1 points) | 24.4% (±4.2 points) | 31.4% (±0.5 points) | 34.8% |
| Renting households | 462 (±132) | 738 (±134) | 114,923 (±1,973) | 45,017,354 |
| Owning households | 1,068 (±152) | 2,291 (±169) | 250,621 (±2,208) | 84,210,142 |
| Average renter household size | 1.1 (±0.1) | 1.7 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.7 (±0.3) | 2.6 (±0.2) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $29,659 (±$19,436) | $47,596 (±$17,421) | $45,599 (±$1,257) | $52,966 |
| Median owner household income | $71,550 (±$10,367) | $83,693 (±$10,741) | $92,702 (±$1,158) | $100,009 |
In Milbank, the renter share is not measurably different from Grant County (24.4%).
It is not measurably different from South Dakota (31.4%).
It is not measurably different from the national figure (34.8%).
In Grant County, Milbank ranks 7 of 26 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 247 of 1,152.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Milbank has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 26.8% (±8.7 points) | 30.2% (±8.1 points) | +3.4 percentage points | Not a measurable change |
| Median gross rent | $617 (±$106) | $548 (±$364) | −11.2% | No measurable change after inflation |
| Median household income | $42,383 (±$13,438) | $56,011 (±$13,441) | +32.2% | 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 Milbank
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Milbank | — | 30.2% (±8.1 points) | — |
| Grant Center Township | 3.9 mi | 0.0% (±19.0 points) | Lower |
| Alban Township | 4.4 mi | 20.7% (±19.1 points) | Not measurably different |
| Melrose Township | 5.0 mi | 41.8% (±33.7 points) | Not measurably different |
| Big Stone Township | 7.0 mi | 5.7% (±9.4 points) | Lower |
| Twin Brooks | 7.4 mi | 11.8% (±19.0 points) | Not measurably different |
| Madison Township (Grant County) | 8.4 mi | 0.0% (±43.3 points) | Not measurably different |
| Twin Brooks Township | 8.8 mi | 8.3% (±33.0 points) | Not measurably different |
| Vernon Township (Grant County) | 9.2 mi | 0.0% (±31.9 points) | Not measurably different |
Nearby places with a measurably lower figure: Grant Center Township, SD (0.0%), Big Stone Township, SD (5.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Grant County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Georgia Township | 55.6% (±39.0 points) |
| 2 | Osceola Township (Grant County) | 47.4% (±42.9 points) |
| 3 | Melrose Township | 41.8% (±33.7 points) |
| 4 | Stockholm | 32.4% (±26.1 points) |
| 5 | Troy Township (Grant County) | 30.4% (±35.1 points) |
| 6 (tie) | Big Stone City | 30.2% (±12.5 points) |
| 6 (tie) | Milbank | 30.2% (±8.1 points) |
| 8 | Blooming Valley Township | 20.9% (±32.8 points) |
| 9 | Alban Township | 20.7% (±19.1 points) |
| 10 | Stockholm Township | 18.8% (±24.5 points) |
| 11 | La Bolt | 13.9% (±18.0 points) |
| 12 | Twin Brooks | 11.8% (±19.0 points) |
| 13 | Revillo | 10.3% (±12.9 points) |
Showing 13 of 26 places in Grant 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 Milbank
How many renters are there in Milbank?
Milbank has an estimated 462 (±132) renting households, 30.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Milbank?
In Milbank, the share of households that rent went from 26.8% in 2015–2019 to 30.2% in 2020–2024 (+3.4 percentage points), not a measurable change.
How big are renting households in Milbank?
A renting household in Milbank has 1.1 people on average, against 2.7 in an owned home.
How much do renters earn in Milbank?
The median renting household in Milbank, SD has an income of $29,659 (±$19,436) a year, against $71,550 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Milbank city, South Dakota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Milbank city, South Dakota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Milbank city, South Dakota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Milbank city, South Dakota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Milbank city, South Dakota
- 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 Milbank city, South Dakota (place:42260, in state:46).
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 Milbank at a glance
- Income and affordability in Milbank
- Home values in Milbank
- Homeowner costs in Milbank
- Property taxes in Milbank
- Types of homes in Milbank
- Bedrooms in Milbank
- Age of homes in Milbank
- Heating fuel in Milbank
- Commute and cars in Milbank
- Population growth in Milbank
- How long people stay in Milbank
- South Dakota landlord and tenant rules
- Housing across Grant County
- South Dakota places ranked by share of renters
- Housing data for every place in South Dakota