Blue Earth County Minnesota Residential Rent and Rental Statistics
The median monthly gross residential rent in Blue Earth County MN was $887 in 2019 according to the Census ACS survey.1 Average gross rent in Blue Earth County was $969 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 Blue Earth County median and average rent data will be released in September of 2021.
Data is also available below for Blue Earth County rental vacancy rates, Blue Earth County rent as a percent of median income and the fraction of renters in Blue Earth County.
Real Gross Rent in Blue Earth 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% |
| Blue Earth County MN Median Gross Rent | $887 | +1.84% | 0.00% |
Blue Earth County MN Real Gross Rent Trends
Median gross rent for Blue Earth County peaked in real terms in 2017 at $917 and is now $30 (3.27%) lower. Average gross rent for Blue Earth County peaked in real terms in 2016 at $977 and is now $8 (0.82%) lower.
Real Gross Rent: Blue Earth County MN Median, Blue Earth County MN Average, Minnesota Median, US Median
Real Gross Rent History for Blue Earth County
| Date | US Median |
Minnesota Median |
Blue Earth County MN Median |
Blue Earth County MN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,016 | $887 | $969 |
| 2018 | $1,077 | $987 | $871 | $931 |
| 2017 | $1,043 | $968 | $917 | $935 |
| 2016 | $1,027 | $955 | $887 | $977 |
| 2015 | $1,017 | $942 | $808 | $890 |
| 2014 | $986 | $907 | $887 | $944 |
| 2013 | $953 | $876 | $691 | $760 |
| 2012 | $940 | $865 | $738 | $777 |
| 2011 | $941 | $850 | — | — |
| 2010 | $955 | $854 | — | — |
| 2009 | $960 | $863 | — | — |
| 2007 | $927 | $835 | — | — |
| 2005 | $910 | $865 | — | — |
Blue Earth County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Blue Earth County Minnesota was 6.68% according to Census ACS data.
Rental Vacancy Rate in Blue Earth County Minnesota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Minnesota | 4.76% | +0.21% | +0.75% |
| Blue Earth County MN | 6.68% | — | +0.77% |
Trends in Blue Earth County MN Rental Vacancy Rate
The rental vacancy rate in Blue Earth County peaked in 2012 at 7.87%. Since then it has fallen by 1.19% to 6.68%. Data records for this series originated in 2012. From a 2013 post peak low of 1.55%, the rental vacancy rate has increased by 5.13%.
Rental Vacancy Rate: Blue Earth County MN, Minnesota, US
Historical Rental Vacancy Rate data for Blue Earth County
| Date | US | Minnesota | Blue Earth County MN |
|---|---|---|---|
| 2019 | 5.97% | 4.76% | 6.68% |
| 2018 | 6.15% | 4.55% | — |
| 2017 | 6.18% | 4.31% | — |
| 2016 | 5.89% | 4.01% | 5.91% |
| 2015 | 5.85% | 4.35% | 6.33% |
| 2014 | 6.32% | 4.53% | — |
| 2013 | 6.49% | 3.94% | 1.55% |
| 2012 | 6.77% | 4.10% | 7.87% |
| 2011 | 7.40% | 5.37% | — |
| 2010 | 8.17% | 5.96% | — |
| 2009 | 8.43% | 5.97% | — |
| 2007 | 7.87% | 7.07% | — |
| 2005 | 7.74% | 8.20% | — |
Rent as a Fraction of Income
Using median household income data for Blue Earth County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Blue Earth County, median monthly gross rent as a fraction of median household income was 17.41% in 2019 according to the ACS.
Blue Earth 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% |
| Blue Earth County MN | 17.41% | -0.11% | -1.46% |
Trends in Blue Earth County MN Rent as a Fraction of Income
The fraction of median Blue Earth County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2012 series origin) at 20.63%. Since then it has fallen by 3.22% to 17.41%.
Fraction of Income towards Rent: Blue Earth County MN, Minnesota, US
Historical Data for Annual Rent as a Fraction of Income in Blue Earth County Minnesota
| Date | US | Minnesota | Blue Earth County MN |
|---|---|---|---|
| 2019 | 20.03% | 16.34% | 17.41% |
| 2018 | 20.50% | 16.54% | 17.52% |
| 2017 | 20.13% | 16.48% | 18.81% |
| 2016 | 20.43% | 16.68% | 18.87% |
| 2015 | 20.63% | 16.78% | 18.91% |
| 2014 | 20.89% | 16.77% | 20.63% |
| 2013 | 20.78% | 16.45% | 15.18% |
| 2012 | 20.65% | 16.56% | 16.90% |
| 2011 | 20.70% | 16.58% | — |
| 2010 | 20.50% | 16.53% | — |
| 2009 | 20.12% | 16.33% | — |
| 2007 | 18.66% | 15.29% | — |
| 2005 | 18.89% | 15.96% | — |
Renter Fraction in Blue Earth County Minnesota
You can calculate the renter fraction in Blue Earth 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 Blue Earth County as a fraction of total Blue Earth County households. In 2019 39.60% of households were renters according to Census ACS data.
Blue Earth 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% |
| Blue Earth County MN | 39.60% | +2.54% | -2.11% |
Trends in the Blue Earth County MN Renter Fraction
The Blue Earth County household renter fraction peaked in in 2016 at 41.71% and is now 2.11% below that level. The origin year for the series is 2012.
Fraction of Renting Households: Blue Earth County MN, Minnesota, US
History of Blue Earth County Renter Fraction
| Date | US | Minnesota | Blue Earth County MN |
|---|---|---|---|
| 2019 | 35.89% | 28.08% | 39.60% |
| 2018 | 36.05% | 28.55% | 37.06% |
| 2017 | 36.13% | 28.43% | 36.96% |
| 2016 | 36.88% | 28.70% | 41.71% |
| 2015 | 36.97% | 29.06% | 38.01% |
| 2014 | 36.90% | 28.31% | 38.06% |
| 2013 | 36.50% | 28.45% | 33.91% |
| 2012 | 36.09% | 28.56% | 32.77% |
| 2011 | 35.42% | 27.24% | — |
| 2010 | 34.65% | 26.98% | — |
| 2009 | 34.13% | 26.29% | — |
| 2007 | 32.80% | 24.76% | — |
| 2005 | 33.10% | 24.23% | — |
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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