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Housing Affordability in Steele County, 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
- 26.5%
- Minnesota 27.1%
- Renters paying 30%+
- 60.9%
- Minnesota 48.1%
- Homeowners paying 30%+
- 18.3%
- Minnesota 19.4%
- Owner costs with a mortgage
- $1,664/mo
- Minnesota $1,947/mo
Housing costs compared with income
- Renters paying 30% or more1,73960.9%
- Homeowners paying 30% or more2,18718.3%
- Renters paying 50% or more67023.5%
- Median rent as a share of income: 34.2%
- Median owner costs as a share of income, with a mortgage: 18.4%
- Median owner costs without a mortgage: $662/mo
- Median home value divided by median household income: 2.9
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Steele County, MN | 26.5% | 60.9% | 18.3% | 34.2% |
| Minnesota | 27.1% | 48.1% | 19.4% | 29.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Cities and towns in Steele County
Places with 1,000 or more people
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| City | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Owatonna | 28.2% | 64.9% | 17.0% | 35.6% |
| Blooming Prairie | 27.2% | 34.3% | 26.2% | 26.7% |
| Medford | 13.7% | 34.9% | 10.1% | 19.6% |
Frequently asked questions
- What is the housing cost burden in Steele County, MN?
- In Steele County, MN, 26.5% of households spend 30% or more of their income on housing costs.
- How does Steele County compare with Minnesota?
- The households paying 30%+ for housing in Steele County is 26.5%, compared with 27.1% for Minnesota as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates