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ZipNumbers

Minnesota · Census place 49300

Owatonna city, MN

Quick answer

Owatonna city has 26,462 residents, ranking #39 of 914 places in Minnesota. Median household income is $81,276, the median home is worth $234,600 and median gross rent runs $1,010 a month.

Population
26,462Owatonna city residents
Median household income
$81,276Past 12 months, inflation adjusted
Median home value
$234,600Owner-occupied units
Median gross rent
$1,010Rent plus utilities, monthly
Median age
40 yrsAll residents
Homeownership rate
76.7%Owner-occupied households

What the numbers mean in Owatonna city

Housing cost measured against local earnings.

A household earning the Owatonna city median would spend about 14.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.2% of residents and 76.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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