Stearns County Minnesota Residential Rent and Rental Statistics
The median monthly gross residential rent in Stearns County MN was $882 in 2019 according to the Census ACS survey.1 Average gross rent in Stearns County was $866 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 Stearns County median and average rent data will be released in September of 2021.
Data is also available below for Stearns County rental vacancy rates, Stearns County rent as a percent of median income and the fraction of renters in Stearns County.
Real Gross Rent in Stearns 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% |
| Stearns County MN Median Gross Rent | $882 | +5.76% | +4.75% |
Stearns County MN Real Gross Rent Trends
At $882, real median gross rent in Stearns County was at its highest level in 2019 since the series began in 2005. At $866, real average gross rent in Stearns County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Stearns County MN Median, Stearns County MN Average, Minnesota Median, US Median
Real Gross Rent History for Stearns County
| Date | US Median |
Minnesota Median |
Stearns County MN Median |
Stearns County MN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,016 | $882 | $866 |
| 2018 | $1,077 | $987 | $834 | $857 |
| 2017 | $1,043 | $968 | $814 | $812 |
| 2016 | $1,027 | $955 | $842 | $812 |
| 2015 | $1,017 | $942 | $804 | $790 |
| 2014 | $986 | $907 | $764 | $770 |
| 2013 | $953 | $876 | $759 | $763 |
| 2012 | $940 | $865 | $748 | $762 |
| 2011 | $941 | $850 | $832 | $845 |
| 2010 | $955 | $854 | $734 | $723 |
| 2009 | $960 | $863 | $784 | $811 |
| 2007 | $927 | $835 | $771 | $808 |
| 2005 | $910 | $865 | $794 | $814 |
Stearns 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 Stearns County Minnesota was 5.60% according to Census ACS data.
Rental Vacancy Rate in Stearns County Minnesota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Minnesota | 4.76% | +0.21% | +0.75% |
| Stearns County MN | — | — | — |
Trends in Stearns County MN Rental Vacancy Rate
The rental vacancy rate in Stearns County peaked in 2005 at 10.89%. Since then it has fallen by 5.29% to 5.60%. Data records for this series originated in 2005. From a 2015 post peak low of 2.04%, the rental vacancy rate has increased by 3.56%.
Rental Vacancy Rate: Stearns County MN, Minnesota, US
Historical Rental Vacancy Rate data for Stearns County
| Date | US | Minnesota | Stearns County MN |
|---|---|---|---|
| 2019 | 5.97% | 4.76% | — |
| 2018 | 6.15% | 4.55% | 5.60% |
| 2017 | 6.18% | 4.31% | — |
| 2016 | 5.89% | 4.01% | 2.39% |
| 2015 | 5.85% | 4.35% | 2.04% |
| 2014 | 6.32% | 4.53% | 5.87% |
| 2013 | 6.49% | 3.94% | 3.21% |
| 2012 | 6.77% | 4.10% | 4.25% |
| 2011 | 7.40% | 5.37% | 8.88% |
| 2010 | 8.17% | 5.96% | 8.92% |
| 2009 | 8.43% | 5.97% | 5.54% |
| 2007 | 7.87% | 7.07% | 5.86% |
| 2005 | 7.74% | 8.20% | 10.89% |
Rent as a Fraction of Income
Using median household income data for Stearns County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Stearns County, median monthly gross rent as a fraction of median household income was 15.90% in 2019 according to the ACS.
Stearns 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% |
| Stearns County MN | 15.90% | -0.30% | -0.81% |
Trends in Stearns County MN Rent as a Fraction of Income
The fraction of median Stearns County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.66%. Since then it has fallen by 1.75% to 15.90%.
Fraction of Income towards Rent: Stearns County MN, Minnesota, US
Historical Data for Annual Rent as a Fraction of Income in Stearns County Minnesota
| Date | US | Minnesota | Stearns County MN |
|---|---|---|---|
| 2019 | 20.03% | 16.34% | 15.90% |
| 2018 | 20.50% | 16.54% | 16.20% |
| 2017 | 20.13% | 16.48% | 14.96% |
| 2016 | 20.43% | 16.68% | 16.71% |
| 2015 | 20.63% | 16.78% | 16.53% |
| 2014 | 20.89% | 16.77% | 15.50% |
| 2013 | 20.78% | 16.45% | 14.98% |
| 2012 | 20.65% | 16.56% | 15.37% |
| 2011 | 20.70% | 16.58% | 17.66% |
| 2010 | 20.50% | 16.53% | 15.72% |
| 2009 | 20.12% | 16.33% | 17.42% |
| 2007 | 18.66% | 15.29% | 15.24% |
| 2005 | 18.89% | 15.96% | 16.24% |
Renter Fraction in Stearns County Minnesota
You can calculate the renter fraction in Stearns 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 Stearns County as a fraction of total Stearns County households. In 2019 31.87% of households were renters according to Census ACS data.
Stearns 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% |
| Stearns County MN | 31.87% | +0.55% | -0.47% |
Trends in the Stearns County MN Renter Fraction
The Stearns County household renter fraction peaked in in 2015 at 36.55% and is now 4.68% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Stearns County MN, Minnesota, US
History of Stearns County Renter Fraction
| Date | US | Minnesota | Stearns County MN |
|---|---|---|---|
| 2019 | 35.89% | 28.08% | 31.87% |
| 2018 | 36.05% | 28.55% | 31.32% |
| 2017 | 36.13% | 28.43% | 29.99% |
| 2016 | 36.88% | 28.70% | 32.34% |
| 2015 | 36.97% | 29.06% | 36.55% |
| 2014 | 36.90% | 28.31% | 27.62% |
| 2013 | 36.50% | 28.45% | 31.18% |
| 2012 | 36.09% | 28.56% | 27.44% |
| 2011 | 35.42% | 27.24% | 28.54% |
| 2010 | 34.65% | 26.98% | 26.87% |
| 2009 | 34.13% | 26.29% | 28.02% |
| 2007 | 32.80% | 24.76% | 26.00% |
| 2005 | 33.10% | 24.23% | 26.04% |
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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