St. Louis County Minnesota Residential Rent and Rental Statistics
The median monthly gross residential rent in St. Louis County MN was $775 in 2019 according to the Census ACS survey.1 Average gross rent in St. Louis County was $810 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 St. Louis County median and average rent data will be released in September of 2021.
Data is also available below for St. Louis County rental vacancy rates, St. Louis County rent as a percent of median income and the fraction of renters in St. Louis County.
Real Gross Rent in St. Louis 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% |
| St. Louis County MN Median Gross Rent | $775 | -2.02% | +3.61% |
St. Louis County MN Real Gross Rent Trends
Median gross rent for St. Louis County peaked in real terms in 2018 at $791 and is now $16 (2.02%) lower. Average gross rent for St. Louis County peaked in real terms in 2018 at $830 and is now $20 (2.41%) lower.
Real Gross Rent: St. Louis County MN Median, St. Louis County MN Average, Minnesota Median, US Median
Real Gross Rent History for St. Louis County
| Date | US Median |
Minnesota Median |
St. Louis County MN Median |
St. Louis County MN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,016 | $775 | $810 |
| 2018 | $1,077 | $987 | $791 | $830 |
| 2017 | $1,043 | $968 | $777 | $808 |
| 2016 | $1,027 | $955 | $748 | $786 |
| 2015 | $1,017 | $942 | $725 | $764 |
| 2014 | $986 | $907 | $785 | $775 |
| 2013 | $953 | $876 | $678 | $742 |
| 2012 | $940 | $865 | $698 | $715 |
| 2011 | $941 | $850 | $694 | $724 |
| 2010 | $955 | $854 | $694 | $742 |
| 2009 | $960 | $863 | $729 | $791 |
| 2007 | $927 | $835 | $715 | $721 |
| 2005 | $910 | $865 | $669 | $671 |
St. Louis 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 St. Louis County Minnesota was 8.00% according to Census ACS data.
Rental Vacancy Rate in St. Louis County Minnesota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Minnesota | 4.76% | +0.21% | +0.75% |
| St. Louis County MN | 8.00% | +2.57% | +0.18% |
Trends in St. Louis County MN Rental Vacancy Rate
The rental vacancy rate in St. Louis County peaked in 2006 at 8.08%. Since then it has fallen by 0.08% to 8.00%. Data records for this series originated in 2005. From a 2008 post peak low of 2.50%, the rental vacancy rate has increased by 5.50%.
Rental Vacancy Rate: St. Louis County MN, Minnesota, US
Historical Rental Vacancy Rate data for St. Louis County
| Date | US | Minnesota | St. Louis County MN |
|---|---|---|---|
| 2019 | 5.97% | 4.76% | 8.00% |
| 2018 | 6.15% | 4.55% | 5.43% |
| 2017 | 6.18% | 4.31% | 7.96% |
| 2016 | 5.89% | 4.01% | 7.82% |
| 2015 | 5.85% | 4.35% | 6.29% |
| 2014 | 6.32% | 4.53% | 3.40% |
| 2013 | 6.49% | 3.94% | 3.94% |
| 2012 | 6.77% | 4.10% | 4.58% |
| 2011 | 7.40% | 5.37% | 5.12% |
| 2010 | 8.17% | 5.96% | 3.50% |
| 2009 | 8.43% | 5.97% | 4.42% |
| 2007 | 7.87% | 7.07% | 4.68% |
| 2005 | 7.74% | 8.20% | 6.94% |
Rent as a Fraction of Income
Using median household income data for St. Louis County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St. Louis County, median monthly gross rent as a fraction of median household income was 15.39% in 2019 according to the ACS.
St. Louis 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% |
| St. Louis County MN | 15.39% | -2.02% | -1.81% |
Trends in St. Louis County MN Rent as a Fraction of Income
The fraction of median St. Louis County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 17.84%. Since then it has fallen by 2.45% to 15.39%.
Fraction of Income towards Rent: St. Louis County MN, Minnesota, US
Historical Data for Annual Rent as a Fraction of Income in St. Louis County Minnesota
| Date | US | Minnesota | St. Louis County MN |
|---|---|---|---|
| 2019 | 20.03% | 16.34% | 15.39% |
| 2018 | 20.50% | 16.54% | 17.41% |
| 2017 | 20.13% | 16.48% | 17.11% |
| 2016 | 20.43% | 16.68% | 17.20% |
| 2015 | 20.63% | 16.78% | 16.35% |
| 2014 | 20.89% | 16.77% | 17.84% |
| 2013 | 20.78% | 16.45% | 16.84% |
| 2012 | 20.65% | 16.56% | 16.83% |
| 2011 | 20.70% | 16.58% | 17.36% |
| 2010 | 20.50% | 16.53% | 17.83% |
| 2009 | 20.12% | 16.33% | 17.71% |
| 2007 | 18.66% | 15.29% | 17.18% |
| 2005 | 18.89% | 15.96% | 16.11% |
Renter Fraction in St. Louis County Minnesota
You can calculate the renter fraction in St. Louis 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 St. Louis County as a fraction of total St. Louis County households. In 2019 27.83% of households were renters according to Census ACS data.
St. Louis 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% |
| St. Louis County MN | 27.83% | -2.00% | -2.12% |
Trends in the St. Louis County MN Renter Fraction
The St. Louis County household renter fraction peaked in in 2009 at 30.65% and is now 2.82% below that level. The origin year for the series is 2005.
Fraction of Renting Households: St. Louis County MN, Minnesota, US
History of St. Louis County Renter Fraction
| Date | US | Minnesota | St. Louis County MN |
|---|---|---|---|
| 2019 | 35.89% | 28.08% | 27.83% |
| 2018 | 36.05% | 28.55% | 29.83% |
| 2017 | 36.13% | 28.43% | 29.10% |
| 2016 | 36.88% | 28.70% | 29.95% |
| 2015 | 36.97% | 29.06% | 28.18% |
| 2014 | 36.90% | 28.31% | 29.22% |
| 2013 | 36.50% | 28.45% | 29.01% |
| 2012 | 36.09% | 28.56% | 29.52% |
| 2011 | 35.42% | 27.24% | 28.48% |
| 2010 | 34.65% | 26.98% | 29.35% |
| 2009 | 34.13% | 26.29% | 30.65% |
| 2007 | 32.80% | 24.76% | 28.49% |
| 2005 | 33.10% | 24.23% | 25.02% |
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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