North Dakota Residential Rent and Rental Statistics
The median monthly gross residential rent in North Dakota was $804 in 2019 according to the Census ACS survey.1 Average gross rent was $814 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 North Dakota median and average rent data will be released in September of 2021.
Data is also available below for North Dakota rental vacancy rates, North Dakota rent as a percent of median income and the fraction of renters in North Dakota.
Real Gross Rent in North Dakota (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| North Dakota Median Gross Rent | $804 | -2.31% | -1.11% |
North Dakota Real Gross Rent Trends
Median gross rent for North Dakota peaked in real terms in 2018 at $823 and is now $19 (2.31%) lower. Average gross rent for North Dakota peaked in real terms in 2015 at $866 and is now $52 (6.00%) lower.
Real Gross Rent in North Dakota: Median, Average, US Median
Real Gross Rent History for North Dakota
| Date | US Median | North Dakota Median | North Dakota Average |
|---|---|---|---|
| 2019 | $1,097 | $804 | $814 |
| 2018 | $1,077 | $823 | $845 |
| 2017 | $1,043 | $809 | $811 |
| 2016 | $1,027 | $813 | $828 |
| 2015 | $1,017 | $822 | $866 |
| 2014 | $986 | $769 | $803 |
| 2013 | $953 | $727 | $761 |
| 2012 | $940 | $685 | $715 |
| 2011 | $941 | $676 | $669 |
| 2010 | $955 | $651 | $644 |
| 2009 | $960 | $643 | $631 |
| 2007 | $927 | $606 | $612 |
| 2005 | $910 | $599 | $579 |
North Dakota 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 North Dakota was 8.04% according to Census ACS data.
Rental Vacancy Rate in North Dakota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| North Dakota | 8.04% | -2.71% | -1.63% |
Trends in North Dakota Rental Vacancy Rate
The rental vacancy rate in North Dakota peaked in 2017 at 12.49%. Since then it has fallen by 4.45% to 8.04%. Data records for this series originated in 2005.
Rental Vacancy Rate: North Dakota, US
Historical Rental Vacancy Rate data for North Dakota
| Date | US | North Dakota |
|---|---|---|
| 2019 | 5.97% | 8.04% |
| 2018 | 6.15% | 10.75% |
| 2017 | 6.18% | 12.49% |
| 2016 | 5.89% | 9.67% |
| 2015 | 5.85% | 7.41% |
| 2014 | 6.32% | 6.42% |
| 2013 | 6.49% | 6.35% |
| 2012 | 6.77% | 5.31% |
| 2011 | 7.40% | 4.53% |
| 2010 | 8.17% | 6.39% |
| 2009 | 8.43% | 7.59% |
| 2007 | 7.87% | 7.41% |
| 2005 | 7.74% | 7.11% |
North Dakota Rent as a Fraction of Income
Using median household income data for North Dakota, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For North Dakota, median monthly gross rent as a fraction of median household income was 14.94% in 2019 according to the ACS.
North Dakota Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| North Dakota | 14.94% | -0.25% | -0.41% |
Trends in North Dakota Rent as a Fraction of Income
The fraction of median North Dakota household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 15.36%. Since then it has fallen by 0.42% to 14.94%.
Fraction of Income towards Rent: North Dakota, US
Historical Data for Annual Rent as a Fraction of Income in North Dakota
| Date | US | North Dakota |
|---|---|---|
| 2019 | 20.03% | 14.94% |
| 2018 | 20.50% | 15.19% |
| 2017 | 20.13% | 15.23% |
| 2016 | 20.43% | 15.35% |
| 2015 | 20.63% | 15.36% |
| 2014 | 20.89% | 14.80% |
| 2013 | 20.78% | 14.85% |
| 2012 | 20.65% | 14.42% |
| 2011 | 20.70% | 14.53% |
| 2010 | 20.50% | 14.37% |
| 2009 | 20.12% | 14.15% |
| 2007 | 18.66% | 14.15% |
| 2005 | 18.89% | 14.01% |
Renter Fraction in North Dakota
You can calculate the renter fraction in North Dakota 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 North Dakota as a fraction of total North Dakota households. In 2019 38.67% of households were renters according to Census ACS data.
North Dakota Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| North Dakota | 38.67% | +1.13% | +1.88% |
Trends in the North Dakota Renter Fraction
At 38.67%, the 2019 household based renter fraction in North Dakota was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: North Dakota, US
History of North Dakota Renter Fraction
| Date | US | North Dakota |
|---|---|---|
| 2019 | 35.89% | 38.67% |
| 2018 | 36.05% | 37.54% |
| 2017 | 36.13% | 36.59% |
| 2016 | 36.88% | 36.79% |
| 2015 | 36.97% | 38.32% |
| 2014 | 36.90% | 36.16% |
| 2013 | 36.50% | 35.17% |
| 2012 | 36.09% | 34.97% |
| 2011 | 35.42% | 34.29% |
| 2010 | 34.65% | 33.07% |
| 2009 | 34.13% | 34.00% |
| 2007 | 32.80% | 34.28% |
| 2005 | 33.10% | 32.52% |
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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