Anoka County Minnesota Residential Rent and Rental Statistics
The median monthly gross residential rent in Anoka County MN was $1,125 in 2019 according to the Census ACS survey.1 Average gross rent in Anoka County was $1,148 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Anoka County median and average rent data will be released in September of 2021.
Data is also available below for Anoka County rental vacancy rates, Anoka County rent as a percent of median income and the fraction of renters in Anoka County.
Real Gross Rent in Anoka County Minnesota (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Minnesota Median Gross Rent | $1,016 | +2.94% | +6.39% |
| Anoka County MN Median Gross Rent | $1,125 | -1.75% | +3.69% |
Anoka County MN Real Gross Rent Trends
Median gross rent for Anoka County peaked in real terms in 2018 at $1,145 and is now $20 (1.75%) lower. At $1,148, real average gross rent in Anoka County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Anoka County MN Median, Anoka County MN Average, Minnesota Median, US Median
Real Gross Rent History for Anoka County
| Date | US Median |
Minnesota Median |
Anoka County MN Median |
Anoka County MN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,016 | $1,125 | $1,148 |
| 2018 | $1,077 | $987 | $1,145 | $1,140 |
| 2017 | $1,043 | $968 | $1,069 | $1,096 |
| 2016 | $1,027 | $955 | $1,085 | $1,129 |
| 2015 | $1,017 | $942 | $1,105 | $1,143 |
| 2014 | $986 | $907 | $997 | $1,052 |
| 2013 | $953 | $876 | $941 | $981 |
| 2012 | $940 | $865 | $997 | $1,029 |
| 2011 | $941 | $850 | $1,007 | $1,009 |
| 2010 | $955 | $854 | $1,006 | $1,029 |
| 2009 | $960 | $863 | $979 | $992 |
| 2007 | $927 | $835 | $934 | $972 |
| 2005 | $910 | $865 | $990 | $970 |
Anoka County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Anoka County Minnesota was 4.46% according to Census ACS data.
Rental Vacancy Rate in Anoka County Minnesota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Minnesota | 4.76% | +0.21% | +0.75% |
| Anoka County MN | — | — | — |
Trends in Anoka County MN Rental Vacancy Rate
The rental vacancy rate in Anoka County peaked in 2006 at 7.37%. Since then it has fallen by 2.91% to 4.46%. Data records for this series originated in 2005. From a 2016 post peak low of 2.16%, the rental vacancy rate has increased by 2.30%.
Rental Vacancy Rate: Anoka County MN, Minnesota, US
Historical Rental Vacancy Rate data for Anoka County
| Date | US | Minnesota | Anoka County MN |
|---|---|---|---|
| 2019 | 5.97% | 4.76% | — |
| 2018 | 6.15% | 4.55% | 4.46% |
| 2017 | 6.18% | 4.31% | 3.73% |
| 2016 | 5.89% | 4.01% | 2.16% |
| 2015 | 5.85% | 4.35% | 3.07% |
| 2014 | 6.32% | 4.53% | 4.42% |
| 2013 | 6.49% | 3.94% | 3.18% |
| 2012 | 6.77% | 4.10% | 3.98% |
| 2011 | 7.40% | 5.37% | 4.93% |
| 2010 | 8.17% | 5.96% | 6.56% |
| 2009 | 8.43% | 5.97% | — |
| 2007 | 7.87% | 7.07% | 5.52% |
| 2005 | 7.74% | 8.20% | — |
Rent as a Fraction of Income
Using median household income data for Anoka County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Anoka County, median monthly gross rent as a fraction of median household income was 16.20% in 2019 according to the ACS.
Anoka County Minnesota Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Minnesota | 16.34% | -0.19% | -0.34% |
| Anoka County MN | 16.20% | -0.17% | -0.05% |
Trends in Anoka County MN Rent as a Fraction of Income
The fraction of median Anoka County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.58%. Since then it has fallen by 1.38% to 16.20%.
Fraction of Income towards Rent: Anoka County MN, Minnesota, US
Historical Data for Annual Rent as a Fraction of Income in Anoka County Minnesota
| Date | US | Minnesota | Anoka County MN |
|---|---|---|---|
| 2019 | 20.03% | 16.34% | 16.20% |
| 2018 | 20.50% | 16.54% | 16.37% |
| 2017 | 20.13% | 16.48% | 15.72% |
| 2016 | 20.43% | 16.68% | 16.24% |
| 2015 | 20.63% | 16.78% | 17.04% |
| 2014 | 20.89% | 16.77% | 15.97% |
| 2013 | 20.78% | 16.45% | 15.15% |
| 2012 | 20.65% | 16.56% | 16.58% |
| 2011 | 20.70% | 16.58% | 17.58% |
| 2010 | 20.50% | 16.53% | 16.42% |
| 2009 | 20.12% | 16.33% | 15.30% |
| 2007 | 18.66% | 15.29% | 14.55% |
| 2005 | 18.89% | 15.96% | 15.42% |
Renter Fraction in Anoka County Minnesota
You can calculate the renter fraction in Anoka County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Anoka County as a fraction of total Anoka County households. In 2019 20.28% of households were renters according to Census ACS data.
Anoka County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Minnesota | 28.08% | -0.47% | -0.62% |
| Anoka County MN | 20.28% | +0.59% | 0.00% |
Trends in the Anoka County MN Renter Fraction
The Anoka County household renter fraction peaked in in 2015 at 21.60% and is now 1.32% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Anoka County MN, Minnesota, US
History of Anoka County Renter Fraction
| Date | US | Minnesota | Anoka County MN |
|---|---|---|---|
| 2019 | 35.89% | 28.08% | 20.28% |
| 2018 | 36.05% | 28.55% | 19.69% |
| 2017 | 36.13% | 28.43% | 19.20% |
| 2016 | 36.88% | 28.70% | 20.28% |
| 2015 | 36.97% | 29.06% | 21.60% |
| 2014 | 36.90% | 28.31% | 19.48% |
| 2013 | 36.50% | 28.45% | 20.46% |
| 2012 | 36.09% | 28.56% | 19.15% |
| 2011 | 35.42% | 27.24% | 19.27% |
| 2010 | 34.65% | 26.98% | 17.67% |
| 2009 | 34.13% | 26.29% | 17.42% |
| 2007 | 32.80% | 24.76% | 16.66% |
| 2005 | 33.10% | 24.23% | 16.16% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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