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Housing Affordability in Savage, 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
- 25.8%
- Minnesota 27.1%
- Renters paying 30%+
- 56.1%
- Minnesota 48.1%
- Homeowners paying 30%+
- 20.9%
- Minnesota 19.4%
- Owner costs with a mortgage
- $2,312/mo
- Minnesota $1,947/mo
Housing costs compared with income
- Renters paying 30% or more92956.1%
- Homeowners paying 30% or more2,14520.9%
- Renters paying 50% or more51130.9%
- Median rent as a share of income: 32.1%
- Median owner costs as a share of income, with a mortgage: 19.6%
- Median owner costs without a mortgage: $822/mo
- Median home value divided by median household income: 3.4
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Savage, MN | 25.8% | 56.1% | 20.9% | 32.1% |
| Scott County | 25.1% | 51.9% | 20.1% | 30.7% |
| Minnesota | 27.1% | 48.1% | 19.4% | 29.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Savage, MN?
- In Savage, MN, 25.8% of households spend 30% or more of their income on housing costs.
- How does Savage compare with Minnesota?
- The households paying 30%+ for housing in Savage is 25.8%, compared with 27.1% for Minnesota as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates