Holloway, MN
Population 64 · Minnesota
About Holloway, MN
Holloway is a small community located in Minnesota with a population of 64 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,625 per year, which is 39% below the national median of $75,149. The median age of 65 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Holloway features a median home value of $63,800, which is 74% below the national median of $244,900. This makes Holloway one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $581, 50% below the national average of $1,163/month. Of the 44 total housing units, 84% are owner-occupied (36 units) and 16% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Holloway shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Holloway have an average one-way commute time of 27.3 minutes.
Education & Demographics
21.9% of Holloway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Holloway Ranks in Minnesota
Cost of Living in Holloway, MN
Compared to national averages, Holloway has a median household income of $45,625 (39% below the national median of $75,149). Home values average $63,800, which is 74% below the national median. Monthly rent at $581 is 50% below the US average of $1,163. Within Minnesota, Holloway's income is 39% below the state average of $74,221, and home values are 69% below the state median of $204,472.
Why Live in Holloway, MN?
Holloway offers affordable housing with a median home value of $63,800, below the US average of $244,900, and rent that’s lower than the national average at $581/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a low poverty rate of 7.8%, better than the national average.
Potential considerations include median household income ($45,625) that falls below the national average. However, Holloway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Holloway has a population of 64 with a median age of 65 years. Compare Holloway with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Holloway
What is the population of Holloway, MN?
The population of Holloway, MN is 64 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Holloway?
The median household income in Holloway, MN is $45,625 per year, which is 39% below the national median of $75,149.
What is the median home value in Holloway?
The median home value in Holloway, MN is $63,800, which is 74% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Holloway?
The median monthly rent in Holloway, MN is $581, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Holloway?
The unemployment rate in Holloway, MN is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Holloway, MN a good place to live?
Holloway offers a moderate cost of living, affordable housing, and a strong job market. With a population of 64 and a median age of 65, the city appeals to established professionals and retirees.
How educated is Holloway, MN?
21.9% of residents in Holloway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Holloway?
Key cost-of-living indicators for Holloway, MN: median home value is $63,800 (74% below national), median rent is $581/month, and median household income is $45,625. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Holloway?
The poverty rate in Holloway, MN is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Holloway, MN?
Holloway's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.