Scott County Minnesota Residential Rent and Rental Statistics
The median monthly gross residential rent in Scott County MN was $1,182 in 2019 according to the Census ACS survey.1 Average gross rent in Scott County was $1,210 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 Scott County median and average rent data will be released in September of 2021.
Data is also available below for Scott County rental vacancy rates, Scott County rent as a percent of median income and the fraction of renters in Scott County.
Real Gross Rent in Scott 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% |
| Scott County MN Median Gross Rent | $1,182 | +3.68% | -1.34% |
Scott County MN Real Gross Rent Trends
Median gross rent for Scott County peaked in real terms in 2016 at $1,198 and is now $16 (1.34%) lower. Average gross rent for Scott County peaked in real terms in 2016 at $1,215 and is now $5 (0.41%) lower.
Real Gross Rent: Scott County MN Median, Scott County MN Average, Minnesota Median, US Median
Real Gross Rent History for Scott County
| Date | US Median |
Minnesota Median |
Scott County MN Median |
Scott County MN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,016 | $1,182 | $1,210 |
| 2018 | $1,077 | $987 | $1,140 | $1,146 |
| 2017 | $1,043 | $968 | $1,170 | $1,155 |
| 2016 | $1,027 | $955 | $1,198 | $1,215 |
| 2015 | $1,017 | $942 | $1,116 | $1,193 |
| 2014 | $986 | $907 | $1,034 | $1,085 |
| 2013 | $953 | $876 | $1,119 | $1,111 |
| 2012 | $940 | $865 | $1,085 | $1,013 |
| 2011 | $941 | $850 | $966 | $1,055 |
| 2010 | $955 | $854 | $974 | $953 |
| 2009 | $960 | $863 | $1,139 | $1,190 |
| 2007 | $927 | $835 | $948 | $949 |
| 2005 | $910 | $865 | $953 | $1,013 |
Historical Rental Vacancy Rate data for Scott County
| Date | US | Minnesota | Scott County MN |
|---|---|---|---|
| 2019 | 5.97% | 4.76% | — |
| 2018 | 6.15% | 4.55% | — |
| 2017 | 6.18% | 4.31% | — |
| 2016 | 5.89% | 4.01% | — |
| 2015 | 5.85% | 4.35% | — |
| 2014 | 6.32% | 4.53% | — |
| 2013 | 6.49% | 3.94% | — |
| 2012 | 6.77% | 4.10% | — |
| 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 Scott County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Scott County, median monthly gross rent as a fraction of median household income was 13.04% in 2019 according to the ACS.
Scott 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% |
| Scott County MN | 13.04% | -0.27% | -2.42% |
Trends in Scott County MN Rent as a Fraction of Income
The fraction of median Scott County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 15.47%. Since then it has fallen by 2.42% to 13.04%.
Fraction of Income towards Rent: Scott County MN, Minnesota, US
Historical Data for Annual Rent as a Fraction of Income in Scott County Minnesota
| Date | US | Minnesota | Scott County MN |
|---|---|---|---|
| 2019 | 20.03% | 16.34% | 13.04% |
| 2018 | 20.50% | 16.54% | 13.31% |
| 2017 | 20.13% | 16.48% | 13.82% |
| 2016 | 20.43% | 16.68% | 15.47% |
| 2015 | 20.63% | 16.78% | 13.65% |
| 2014 | 20.89% | 16.77% | 12.75% |
| 2013 | 20.78% | 16.45% | 15.34% |
| 2012 | 20.65% | 16.56% | 14.34% |
| 2011 | 20.70% | 16.58% | 13.27% |
| 2010 | 20.50% | 16.53% | 13.53% |
| 2009 | 20.12% | 16.33% | 14.27% |
| 2007 | 18.66% | 15.29% | 12.47% |
| 2005 | 18.89% | 15.96% | 11.71% |
Renter Fraction in Scott County Minnesota
You can calculate the renter fraction in Scott 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 Scott County as a fraction of total Scott County households. In 2019 16.91% of households were renters according to Census ACS data.
Scott 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% |
| Scott County MN | 16.91% | -0.44% | -0.15% |
Trends in the Scott County MN Renter Fraction
The Scott County household renter fraction peaked in in 2015 at 19.54% and is now 2.63% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Scott County MN, Minnesota, US
History of Scott County Renter Fraction
| Date | US | Minnesota | Scott County MN |
|---|---|---|---|
| 2019 | 35.89% | 28.08% | 16.91% |
| 2018 | 36.05% | 28.55% | 17.35% |
| 2017 | 36.13% | 28.43% | 17.52% |
| 2016 | 36.88% | 28.70% | 17.06% |
| 2015 | 36.97% | 29.06% | 19.54% |
| 2014 | 36.90% | 28.31% | 17.98% |
| 2013 | 36.50% | 28.45% | 15.66% |
| 2012 | 36.09% | 28.56% | 15.99% |
| 2011 | 35.42% | 27.24% | 16.06% |
| 2010 | 34.65% | 26.98% | 14.18% |
| 2009 | 34.13% | 26.29% | 15.54% |
| 2007 | 32.80% | 24.76% | 13.38% |
| 2005 | 33.10% | 24.23% | 13.14% |
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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