Department of Numbers

Anoka County Minnesota Residential Rent and Rental Statistics

The median monthly gross residential rent in Anoka County MN was $1,037 in 2017 according to the Census ACS survey.1 Average gross rent in Anoka County was $1,063 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Anoka County median and average rent data will be released in September of 2019.

Data is also available below for Anoka County rental vacancy rates, Anoka County rent as a percent of median income and the fraction of renters in Anoka County.

Show dollars as: Nominal Real

Real Gross Rent in Anoka County Minnesota (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Minnesota Median Gross Rent $939 +1.40% +6.70%
Anoka County MN Median Gross Rent $1,037 -1.43% +7.24%

Anoka County MN Real Gross Rent Trends

Median gross rent for Anoka County peaked in real terms in 2015 at $1,072 and is now $35 (3.26%) lower. Average gross rent for Anoka County peaked in real terms in 2015 at $1,108 and is now $45 (4.06%) lower.

Real Gross Rent: Anoka County MN Median, Anoka County MN Average, Minnesota Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Anoka County

Date US
Median
Minnesota
Median
Anoka County MN
Median
Anoka County MN
Average
2017 $1,012 $939 $1,037 $1,063
2016 $996 $926 $1,052 $1,095
2015 $987 $914 $1,072 $1,108
2014 $956 $880 $967 $1,020
2013 $924 $850 $913 $952
2012 $912 $839 $967 $998
2011 $912 $824 $976 $978
2010 $927 $828 $975 $998
2009 $931 $837 $950 $962
2008 $947 $843 $973 $1,045
2007 $899 $810 $906 $942
2006 $909 $835 $943 $931

Anoka County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Anoka County Minnesota was 3.73% according to Census ACS data.

Rental Vacancy Rate in Anoka County Minnesota

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Minnesota 4.31% +0.30% -0.22%
Anoka County MN 3.73% +1.57% -0.69%

Trends in Anoka County MN Rental Vacancy Rate

The rental vacancy rate in Anoka County peaked in 2006 at 7.37%. Since then it has fallen by 3.64% to 3.73%. Data records for this series originated in 2005. From a 2016 post peak low of 2.16%, the rental vacancy rate has increased by 1.57%.

Rental Vacancy Rate: Anoka County MN, Minnesota, US

Rental vacancy rate in Minnesota

Historical Rental Vacancy Rate data for Anoka County

Date US Minnesota Anoka County MN
2017 6.18% 4.31% 3.73%
2016 5.89% 4.01% 2.16%
2015 5.85% 4.35% 3.07%
2014 6.32% 4.53% 4.42%
2013 6.49% 3.94% 3.18%
2012 6.77% 4.10% 3.98%
2011 7.40% 5.37% 4.93%
2010 8.17% 5.96% 6.56%
2009 8.43% 5.97%
2008 7.86% 5.76% 4.88%
2007 7.87% 7.07% 5.52%
2006 7.70% 8.06% 7.37%

Rent as a Fraction of Income

Using median household income data for Anoka County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Anoka County, median monthly gross rent as a fraction of median household income was 15.72% in 2017 according to the ACS.

Anoka County Minnesota Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Minnesota 16.48% -0.21% -0.29%
Anoka County MN 15.72% -0.53% -0.26%

Trends in Anoka County MN Rent as a Fraction of Income

The fraction of median Anoka County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.58%. Since then it has fallen by 1.86% to 15.72%.

Fraction of Income towards Rent: Anoka County MN, Minnesota, US

Percent of median household income going towards median monthly gross rent in Anoka County Minnesota

Historical Data for Annual Rent as a Fraction of Income in Anoka County Minnesota

Date US Minnesota Anoka County MN
2017 20.13% 16.48% 15.72%
2016 20.43% 16.68% 16.24%
2015 20.63% 16.78% 17.04%
2014 20.89% 16.77% 15.97%
2013 20.78% 16.45% 15.15%
2012 20.65% 16.56% 16.58%
2011 20.70% 16.58% 17.58%
2010 20.50% 16.53% 16.42%
2009 20.12% 16.33% 15.30%
2008 19.00% 15.37% 14.51%
2007 18.66% 15.29% 14.55%
2006 18.90% 15.57% 14.33%

Renter Fraction in Anoka County Minnesota

You can calculate the renter fraction in Anoka 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 Anoka County as a fraction of total Anoka County households. In 2017 19.20% of households were renters according to Census ACS data.

Anoka County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Minnesota 28.43% -0.27% +0.12%
Anoka County MN 19.20% -1.08% -0.28%

Trends in the Anoka County MN Renter Fraction

The Anoka County household renter fraction peaked in in 2015 at 21.60% and is now 2.40% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Anoka County MN, Minnesota, US

Fraction of renters in Anoka County

History of Anoka County Renter Fraction

Date US Minnesota Anoka County MN
2017 36.13% 28.43% 19.20%
2016 36.88% 28.70% 20.28%
2015 36.97% 29.06% 21.60%
2014 36.90% 28.31% 19.48%
2013 36.50% 28.45% 20.46%
2012 36.09% 28.56% 19.15%
2011 35.42% 27.24% 19.27%
2010 34.65% 26.98% 17.67%
2009 34.13% 26.29% 17.42%
2008 33.36% 25.34% 18.32%
2007 32.80% 24.76% 16.66%
2006 32.73% 23.70% 15.46%

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.