Fairhaven, MN

Rent in Fairhaven

Median Gross Rent

$1,250

Rent-to-Income Ratio

25.0%

Renter Share

3.3%

Median Renter Income

$92,727

Avg Household Size

2.6

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: 7.5%
$1,000-$1,500: 35.0%
$1,500-$2,000: 7.5%
$2,000-$2,500: 10.0%
$2,500+: 0.0%
No Cash Rent: 40.0%

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): 22.5%
20-30% (moderate): 25.0%
30-50% (cost-burdened): 0.0%
50%+ (severely cost-burdened): 12.5%
Not Computed: 40.0%

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: $98,558
Renter Households: $92,727

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: 30.0%
$1,000-$1,500: 20.0%
$1,500-$2,000: 0.0%
$2,000-$2,500: 10.0%
$2,500+: 0.0%
No Cash Rent: 40.0%

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