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Housing Affordability in Austin, MN

Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.

Households paying 30%+ for housing
24.5%
Minnesota 27.1%
Renters paying 30%+
44.5%
Minnesota 48.1%
Homeowners paying 30%+
16.7%
Minnesota 19.4%
Owner costs with a mortgage
$1,292/mo
Minnesota $1,947/mo

Housing costs compared with income

  • Renters paying 30% or more1,23844.5%
  • Homeowners paying 30% or more1,19716.7%
  • Renters paying 50% or more75327.0%
  • Median rent as a share of income: 27.9%
  • Median owner costs as a share of income, with a mortgage: 19.8%
  • Median owner costs without a mortgage: $530/mo
  • Median home value divided by median household income: 2.4

How it compares

Swipe the table sideways to see more columns.

AreaHouseholds paying 30%+ for housingRenters 30%+Owners 30%+Median rent as % of income
Austin, MN24.5%44.5%16.7%27.9%
Mower County23.2%43.7%17.6%27.6%
Minnesota27.1%48.1%19.4%29.2%
United States32.2%51.1%22.7%30.6%

Frequently asked questions

What is the housing cost burden in Austin, MN?
In Austin, MN, 24.5% of households spend 30% or more of their income on housing costs.
How does Austin compare with Minnesota?
The households paying 30%+ for housing in Austin is 24.5%, compared with 27.1% for Minnesota as a whole.

Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates