Halstad, MN Profile: Facts & Data

The City of Halstad had a population of 545 as of July 1, 2024. Halstad ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Halstad is located at latitude 47.3516 and longitude -96.8287 in Norman County. The formal boundaries for the City of Halstad encompass a land area of 0.31 sq. miles and a water area of 0 sq. miles. Norman County is in the Central time zone (GMT -6).

The City of Halstad has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Halstad, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	545 (100%)
Population in Households	505 (92.7%)
Population in Families	385 (70.6%)
Population in Group Quarters¹	40 ( 7.3%)
Population Density	1,503
Diversity Index²	33


INCOME
Median Household Income	$61,730
Average Household Income	$83,417
% of Income for Mortgage⁴	15%
Per Capita Income	$36,079
Wealth Index⁵	64
Socioeconomic Status Index⁶	Moderate (50.8)

HOUSING
Total HU (Housing Units)	308 (100%)
Owner Occupied HU	195 (63.3%)
Renter Occupied HU	40 (13.0%)
Vacant Housing Units	73 (23.7%)
Median Home Value	$148,500
Average Home Value	$272,179
Housing Affordability Index³	162

HOUSEHOLDS
Total Households	235
Average Household Size	2.15
Family Households	148
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Halstad, MN - Peer Comparisons by Rank and Percentile

The table below compares Halstad to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.80%	0.87%
Households	0.71%	0.34%
Families		0.13%
Median Household Income		2.28%
Per Capita Income		1.28%
Owner Occupied HU		-0.73%

Variable Description	Rank	Percentile
Total Population	# 483	47th
Population Density	# 137	85th
Median Household Income	# 719	21st
Housing Affordability Index	# 822	90th
Per Capita Income	# 664	27th
Diversity Index	# 227	75th

Halstad, MN Profile: Facts & Data

Halstad, Minnesota - Basic Facts

Halstad, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Halstad, MN - Peer Comparisons by Rank and Percentile

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