Sherburne County Minnesota Residential Rent and Rental Statistics
The median monthly gross residential rent in Sherburne County MN was $1,124 in 2019 according to the Census ACS survey.1 Average gross rent in Sherburne County was $1,076 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 Sherburne County median and average rent data will be released in September of 2021.
Data is also available below for Sherburne County rental vacancy rates, Sherburne County rent as a percent of median income and the fraction of renters in Sherburne County.
Real Gross Rent in Sherburne 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% |
| Sherburne County MN Median Gross Rent | $1,124 | +7.46% | +27.01% |
Sherburne County MN Real Gross Rent Trends
Median gross rent for Sherburne County peaked in real terms in 2013 at $1,142 and is now $18 (1.58%) lower. Average gross rent for Sherburne County peaked in real terms in 2013 at $1,125 and is now $49 (4.36%) lower.
Real Gross Rent: Sherburne County MN Median, Sherburne County MN Average, Minnesota Median, US Median
Real Gross Rent History for Sherburne County
| Date | US Median |
Minnesota Median |
Sherburne County MN Median |
Sherburne County MN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,016 | $1,124 | $1,076 |
| 2018 | $1,077 | $987 | $1,046 | $1,048 |
| 2017 | $1,043 | $968 | $1,047 | $1,086 |
| 2016 | $1,027 | $955 | $885 | $960 |
| 2015 | $1,017 | $942 | $948 | $944 |
| 2014 | $986 | $907 | $1,044 | $1,033 |
| 2013 | $953 | $876 | $1,142 | $1,125 |
| 2012 | $940 | $865 | $1,028 | $1,041 |
| 2011 | $941 | $850 | $888 | $894 |
| 2010 | $955 | $854 | $945 | $989 |
| 2009 | $960 | $863 | $895 | $957 |
| 2007 | $927 | $835 | $820 | $815 |
| 2005 | $910 | $865 | $796 | $839 |
Historical Rental Vacancy Rate data for Sherburne County
| Date | US | Minnesota | Sherburne 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 Sherburne County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sherburne County, median monthly gross rent as a fraction of median household income was 14.02% in 2019 according to the ACS.
Sherburne 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% |
| Sherburne County MN | 14.02% | -1.26% | +1.90% |
Trends in Sherburne County MN Rent as a Fraction of Income
The fraction of median Sherburne County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 17.11%. Since then it has fallen by 3.09% to 14.02%. From a 2016 low of 12.12%, the fraction of income going to rent has increased by 1.90%.
Fraction of Income towards Rent: Sherburne County MN, Minnesota, US
Historical Data for Annual Rent as a Fraction of Income in Sherburne County Minnesota
| Date | US | Minnesota | Sherburne County MN |
|---|---|---|---|
| 2019 | 20.03% | 16.34% | 14.02% |
| 2018 | 20.50% | 16.54% | 15.28% |
| 2017 | 20.13% | 16.48% | 13.88% |
| 2016 | 20.43% | 16.68% | 12.12% |
| 2015 | 20.63% | 16.78% | 13.40% |
| 2014 | 20.89% | 16.77% | 15.31% |
| 2013 | 20.78% | 16.45% | 17.11% |
| 2012 | 20.65% | 16.56% | 16.77% |
| 2011 | 20.70% | 16.58% | 14.68% |
| 2010 | 20.50% | 16.53% | 14.51% |
| 2009 | 20.12% | 16.33% | 13.06% |
| 2007 | 18.66% | 15.29% | 12.46% |
| 2005 | 18.89% | 15.96% | 12.47% |
Renter Fraction in Sherburne County Minnesota
You can calculate the renter fraction in Sherburne 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 Sherburne County as a fraction of total Sherburne County households. In 2019 14.81% of households were renters according to Census ACS data.
Sherburne 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% |
| Sherburne County MN | 14.81% | -6.91% | -2.10% |
Trends in the Sherburne County MN Renter Fraction
The Sherburne County household renter fraction peaked in in 2011 at 24.29% and is now 9.48% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Sherburne County MN, Minnesota, US
History of Sherburne County Renter Fraction
| Date | US | Minnesota | Sherburne County MN |
|---|---|---|---|
| 2019 | 35.89% | 28.08% | 14.81% |
| 2018 | 36.05% | 28.55% | 21.72% |
| 2017 | 36.13% | 28.43% | 12.56% |
| 2016 | 36.88% | 28.70% | 16.91% |
| 2015 | 36.97% | 29.06% | 19.59% |
| 2014 | 36.90% | 28.31% | 18.06% |
| 2013 | 36.50% | 28.45% | 18.11% |
| 2012 | 36.09% | 28.56% | 16.27% |
| 2011 | 35.42% | 27.24% | 24.29% |
| 2010 | 34.65% | 26.98% | 16.19% |
| 2009 | 34.13% | 26.29% | 16.53% |
| 2007 | 32.80% | 24.76% | 10.73% |
| 2005 | 33.10% | 24.23% | 11.52% |
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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