Ericsson, MN

Rent in Ericsson

Median Gross Rent

$1,794

Rent-to-Income Ratio

26.3%

Renter Share

15.6%

Median Renter Income

$76,687

Avg Household Size

1.6

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

No Bedroom: $1,794
1 Bedroom: $1,550
2 Bedrooms: $1,896

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 10.6%
$1,000-$1,500: 4.1%
$1,500-$2,000: 53.1%
$2,000-$2,500: 19.2%
$2,500+: 4.9%
No Cash Rent: 8.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 27.4%
20-30% (moderate): 37.5%
30-50% (cost-burdened): 22.9%
50%+ (severely cost-burdened): 4.1%
Not Computed: 8.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $126,136
Renter Households: $76,687

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 10.6%
$1,000-$1,500: 24.5%
$1,500-$2,000: 38.0%
$2,000-$2,500: 13.9%
$2,500+: 4.9%
No Cash Rent: 8.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources