Department of Numbers

Ramsey County Minnesota Residential Rent and Rental Statistics

The median monthly gross residential rent in Ramsey County MN was $993 in 2017 according to the Census ACS survey.1 Average gross rent in Ramsey County was $1,029 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 Ramsey County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Ramsey 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%
Ramsey County MN Median Gross Rent $993 +3.98% +11.82%

Ramsey County MN Real Gross Rent Trends

At $993, real median gross rent in Ramsey County was at its highest level in 2017 since the series began in 2005. At $1,029, real average gross rent in Ramsey County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Ramsey County

Date US
Median
Minnesota
Median
Ramsey County MN
Median
Ramsey County MN
Average
2017 $1,012 $939 $993 $1,029
2016 $996 $926 $955 $987
2015 $987 $914 $925 $979
2014 $956 $880 $888 $918
2013 $924 $850 $865 $903
2012 $912 $839 $861 $888
2011 $912 $824 $847 $865
2010 $927 $828 $846 $878
2009 $931 $837 $851 $880
2008 $947 $843 $864 $889
2007 $899 $810 $853 $894
2006 $909 $835 $888 $918

Ramsey 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 Ramsey County Minnesota was 2.44% according to Census ACS data.

Rental Vacancy Rate in Ramsey County Minnesota

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Minnesota 4.31% +0.30% -0.22%
Ramsey County MN 2.44% -1.22% -0.71%

Trends in Ramsey County MN Rental Vacancy Rate

The rental vacancy rate in Ramsey County peaked in 2005 at 9.25%. Since then it has fallen by 6.81% to 2.44%. Data records for this series originated in 2005.

Rental Vacancy Rate: Ramsey County MN, Minnesota, US

Rental vacancy rate in Minnesota

Historical Rental Vacancy Rate data for Ramsey County

Date US Minnesota Ramsey County MN
2017 6.18% 4.31% 2.44%
2016 5.89% 4.01% 3.66%
2015 5.85% 4.35% 4.24%
2014 6.32% 4.53% 3.15%
2013 6.49% 3.94% 4.46%
2012 6.77% 4.10% 2.94%
2011 7.40% 5.37% 4.07%
2010 8.17% 5.96% 5.51%
2009 8.43% 5.97% 5.36%
2008 7.86% 5.76% 5.38%
2007 7.87% 7.07% 7.42%
2006 7.70% 8.06% 8.76%

Rent as a Fraction of Income

Using median household income data for Ramsey County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ramsey County, median monthly gross rent as a fraction of median household income was 19.23% in 2017 according to the ACS.

Ramsey 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%
Ramsey County MN 19.23% +0.55% +0.35%

Trends in Ramsey County MN Rent as a Fraction of Income

The fraction of median Ramsey County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 19.39%. Since then it has fallen by 0.16% to 19.23%.

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

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

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

Date US Minnesota Ramsey County MN
2017 20.13% 16.48% 19.23%
2016 20.43% 16.68% 18.69%
2015 20.63% 16.78% 18.80%
2014 20.89% 16.77% 18.88%
2013 20.78% 16.45% 17.92%
2012 20.65% 16.56% 18.58%
2011 20.70% 16.58% 18.78%
2010 20.50% 16.53% 18.69%
2009 20.12% 16.33% 19.39%
2008 19.00% 15.37% 17.20%
2007 18.66% 15.29% 17.38%
2006 18.90% 15.57% 17.63%

Renter Fraction in Ramsey County Minnesota

You can calculate the renter fraction in Ramsey 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 Ramsey County as a fraction of total Ramsey County households. In 2017 41.49% of households were renters according to Census ACS data.

Ramsey 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%
Ramsey County MN 41.49% +0.53% +0.03%

Trends in the Ramsey County MN Renter Fraction

At 41.49%, the 2017 household based renter fraction in Ramsey County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Ramsey County

History of Ramsey County Renter Fraction

Date US Minnesota Ramsey County MN
2017 36.13% 28.43% 41.49%
2016 36.88% 28.70% 40.96%
2015 36.97% 29.06% 40.89%
2014 36.90% 28.31% 41.46%
2013 36.50% 28.45% 40.61%
2012 36.09% 28.56% 40.98%
2011 35.42% 27.24% 41.02%
2010 34.65% 26.98% 39.38%
2009 34.13% 26.29% 38.50%
2008 33.36% 25.34% 34.83%
2007 32.80% 24.76% 34.76%
2006 32.73% 23.70% 33.07%

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.