Department of Numbers

North Dakota Residential Rent and Rental Statistics

The median monthly gross residential rent in North Dakota was $775 in 2015 according to the Census ACS survey.1 Average gross rent was $816 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 North Dakota median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in North Dakota (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
North Dakota Median Gross Rent $775 +6.90% +19.97%

North Dakota Real Gross Rent Trends

At $775, real median gross rent in North Dakota was at its highest level in 2015 since the series began in 2005. At $816, real average gross rent in North Dakota was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in North Dakota: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for North Dakota

Date US Median North Dakota Median North Dakota Average
2015 $959 $775 $816
2014 $930 $725 $757
2013 $898 $685 $718
2012 $886 $646 $674
2011 $887 $637 $630
2010 $901 $614 $607
2009 $905 $606 $595
2008 $920 $596 $601
2007 $874 $571 $577
2006 $883 $575 $560
2005 $858 $564 $546

North Dakota Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for North Dakota was 7.41% according to Census ACS data.

Rental Vacancy Rate in North Dakota

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
North Dakota 7.41% +0.99% +2.10%

Trends in North Dakota Rental Vacancy Rate

The rental vacancy rate in North Dakota peaked in 2009 at 7.59%. Since then it has fallen by 0.18% to 7.41%. Data records for this series originated in 2005. From a 2011 post peak low of 4.53%, the rental vacancy rate has increased by 2.88%.

Rental Vacancy Rate: North Dakota, US

Rental vacancy rate in North Dakota

Historical Rental Vacancy Rate data for North Dakota

Date US North Dakota
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%
2008 7.86% 6.26%
2007 7.87% 7.41%
2006 7.70% 5.81%
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 15.36% in 2015 according to the ACS.

North Dakota Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
North Dakota 15.36% +0.56% +0.94%

Trends in North Dakota Rent as a Fraction of Income

North Dakota renters paid 15.36% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: North Dakota, US

Percent of median household income going towards median monthly gross rent in North Dakota

Historical Data for Annual Rent as a Fraction of Income in North Dakota

Date US North Dakota
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%
2008 19.00% 14.03%
2007 18.66% 14.15%
2006 18.90% 14.23%
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 2015 38.32% of households were renters according to Census ACS data.

North Dakota Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
North Dakota 38.32% +2.16% +3.35%

Trends in the North Dakota Renter Fraction

At 38.32%, the 2015 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

Fraction of renters in North Dakota

History of North Dakota Renter Fraction

Date US North Dakota
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%
2008 33.36% 33.40%
2007 32.80% 34.28%
2006 32.73% 33.30%
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.