CENSUS TRACT
Census Tract 905.03
Minnesota · Carver County · 2,695 residents · 2.136 sq mi
Notable rankings
#43highest home value in MN$635,300#46highest household income in MN$172,417#66highest WFH in MN34.0%#90highest per-capita income in MN$78,298TRACT SHAPE · Carver County, MN
The short version
Census Tract 905.03 is significantly wealthier than the US average, with a median household income of $172,417. Population has held roughly steady since 2020. 68% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $635,300. Poverty is rare here, at 5.0% of residents. Households here earn about 37% more than the Carver County median.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.4
US median: 38.9
More educated
68% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
2,695
+5%since 2020
from 2,576 in 2020
2020 – 2024
Population density
1,262 / sq mi
+5%since 2020
from 1,206 / sq mi in 2020
US average: 281
Median age
42.4
−5%since 2020
from 44.4 in 2020
US average: 38.9
Population, 2020 – 2024
20243K
Section 02
Income & economy
Median household income
$172,417
−12%inflation adjusted, since 2020
from $162,500 in 2020
US average: $82,259
2020 – 2024
Per capita income
$78,298
+18%since 2020
from $66,342 in 2020
US average: $44,673
Households earning $100K+
76.1%
−4.0 ptssince 2020
from 80.2% in 2020
US average: 53.3%
Poverty rate
5.0%
+3.7 ptssince 2020
from 1.3% in 2020
US average: 12.5%
Income inequality (Gini)
0.428
+19%since 2020
from 0.358 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade18%
Other services10.7%
Information9.6%
Public administration9.2%
Transportation & warehousing2.6%
Finance & insurance2.4%
Professional, scientific, technical2.3%
Wholesale trade1.9%
Arts, entertainment, food0.7%
Agriculture, forestry, fishing0.3%
Construction0.3%
Education & health services0.1%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$635,300
+20%inflation adjusted, since 2020
from $435,000 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,404
−26%inflation adjusted, since 2020
from $1,563 in 2020
US average: $1,442
Owner-occupied
93.1%
−2.9 ptssince 2020
from 96.0% in 2020
6.9% rent
Vacancy rate
7.0%
+4.4 ptssince 2020
from 2.6% in 2020
US average: 10.0%
Owner cost-burdened
19.8%
+8.1 ptssince 2020
from 11.8% in 2020
US average: 22.9%
Renter cost-burdened
19.1%
−19.3 ptssince 2020
from 38.5% in 2020
US average: 47.4%
Afford Score
3.7
+38%since 2020
from 2.7 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 905.03 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic83.8%(2,159)
Black2.8%(73)
Hispanic / Latino8.4%(216)
Asian2.7%(69)
Other2.3%(59)
Diversity Score36.1%(929)
2024
White, non-Hispanic73.9%(1,991)
Black2.2%(58)
Hispanic / Latino4.4%(119)
Asian7.4%(200)
Other12.1%(327)
Diversity Score53.9%(1,454)
Diversity Score
54
+50%since 2020
from 36 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
68.0%
+4.6 ptssince 2020
from 63.4% in 2020
US average: 35.6%
High school or higher
99.1%
+0.2 ptssince 2020
from 98.9% in 2020
US average: 89.6%
Graduate degree
29.2%
+6.4 ptssince 2020
from 22.8% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
27.4 min
+21%since 2020
from 22.6 min in 2020
US average: 26.5
Drive alone to work
58.8%
−22.6 ptssince 2020
from 81.3% in 2020
US average: 68.9%
Carpooled to work
4.6%
+3.4 ptssince 2020
from 1.1% in 2020
US average: 8.5%
Public transit
1.6%
−0.7 ptssince 2020
from 2.3% in 2020
US average: 3.2%
Worked from home
34.0%
+19.6 ptssince 2020
from 14.4% in 2020
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 2.4%
Biked to work
0.4%
−0.4 ptssince 2020
from 0.8% in 2020
US average: 0.4%
No vehicle available
0.5%
+0.1 ptssince 2020
from 0.4% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
2.1%
−1.2 ptssince 2020
from 3.3% in 2020
US average: 5.2%
Labor force participation
73.5%
−3.7 ptssince 2020
from 77.2% in 2020
US average: 63.5%
Self-employed
11.1%
−0.1 ptssince 2020
from 11.2% in 2020
US average: 13.1%
Management & professional
57.9%
+3.8 ptssince 2020
from 54.1% in 2020
US average: 42.5%
Section 08
People & community
Male
49.8%
+2.5 ptssince 2020
from 47.4% in 2020
Female
50.2%
−2.5 ptssince 2020
from 52.6% in 2020
Foreign born
13.1%
+6.5 ptssince 2020
from 6.6% in 2020
US average: 14.1%
Veterans
5.9%
+1.8 ptssince 2020
from 4.1% in 2020
US average: 6.2%
With a disability
5.3%
−0.6 ptssince 2020
from 5.9% in 2020
US average: 13.3%
Uninsured
0.7%
−0.7 ptssince 2020
from 1.4% in 2020
US average: 8.4%
Broadband at home
98.6%
+1.5 ptssince 2020
from 97.1% in 2020
US average: 91.0%
English only at home
83.8%
−6.2 ptssince 2020
from 90.0% in 2020
US average: 77.7%
Spanish at home
3.5%
+3.0 ptssince 2020
from 0.5% in 2020
US average: 13.6%
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Compare Census Tract 905.03 to nearby tracts
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CENSUS TRACT 905.03 VS
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CENSUS TRACT 905.03 VS
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Frequently asked
How many people live in this census tract?
this census tract has about 2,695 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $172,417 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $635,300, and the typical rent is about $1,404 a month.
How educated are people in this census tract?
About 68.0% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 5.0% of people in this census tract live below the federal poverty line.
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Containing area
Carver CountyOther census tracts in Carver County
Census Tract 904.01Census Tract 911Census Tract 910.02Census Tract 908.01Census Tract 904.02Census Tract 903.02Census Tract 910.01Census Tract 912.01Census Tract 902Census Tract 907.03Census Tract 907.02Census Tract 903.03Census Tract 906.01Census Tract 903.04Census Tract 912.02Census Tract 901.02DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024