Department of Numbers

Scott County Minnesota Residential Rent and Rental Statistics

The median monthly gross residential rent in Scott County MN was $1,135 in 2017 according to the Census ACS survey.1 Average gross rent in Scott County was $1,120 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 Scott County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Scott 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%
Scott County MN Median Gross Rent $1,135 -2.32% +13.27%

Scott County MN Real Gross Rent Trends

Median gross rent for Scott County peaked in real terms in 2016 at $1,162 and is now $27 (2.32%) lower. Average gross rent for Scott County peaked in real terms in 2016 at $1,178 and is now $58 (4.92%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Scott County

Date US
Median
Minnesota
Median
Scott County MN
Median
Scott County MN
Average
2017 $1,012 $939 $1,135 $1,120
2016 $996 $926 $1,162 $1,178
2015 $987 $914 $1,082 $1,157
2014 $956 $880 $1,002 $1,053
2013 $924 $850 $1,086 $1,077
2012 $912 $839 $1,052 $982
2011 $912 $824 $936 $1,023
2010 $927 $828 $945 $924
2009 $931 $837 $1,104 $1,154
2008 $947 $843 $1,103 $1,118
2007 $899 $810 $920 $921
2006 $909 $835 $1,054 $1,111

Historical Rental Vacancy Rate data for Scott County

Date US Minnesota Scott County MN
2017 6.18% 4.31%
2016 5.89% 4.01%
2015 5.85% 4.35%
2014 6.32% 4.53%
2013 6.49% 3.94%
2012 6.77% 4.10%
2011 7.40% 5.37%
2010 8.17% 5.96%
2009 8.43% 5.97%
2008 7.86% 5.76%
2007 7.87% 7.07%
2006 7.70% 8.06% 11.14%

Rent as a Fraction of Income

Using median household income data for Scott County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Scott County, median monthly gross rent as a fraction of median household income was 13.82% in 2017 according to the ACS.

Scott 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%
Scott County MN 13.82% -1.64% +1.07%

Trends in Scott County MN Rent as a Fraction of Income

The fraction of median Scott County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 15.47%. Since then it has fallen by 1.64% to 13.82%.

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

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

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

Date US Minnesota Scott County MN
2017 20.13% 16.48% 13.82%
2016 20.43% 16.68% 15.47%
2015 20.63% 16.78% 13.65%
2014 20.89% 16.77% 12.75%
2013 20.78% 16.45% 15.34%
2012 20.65% 16.56% 14.34%
2011 20.70% 16.58% 13.27%
2010 20.50% 16.53% 13.53%
2009 20.12% 16.33% 14.27%
2008 19.00% 15.37% 14.43%
2007 18.66% 15.29% 12.47%
2006 18.90% 15.57% 13.40%

Renter Fraction in Scott County Minnesota

You can calculate the renter fraction in Scott 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 Scott County as a fraction of total Scott County households. In 2017 17.52% of households were renters according to Census ACS data.

Scott 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%
Scott County MN 17.52% +0.46% -0.46%

Trends in the Scott County MN Renter Fraction

The Scott County household renter fraction peaked in in 2015 at 19.54% and is now 2.02% below that level. The origin year for the series is 2005.

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

Fraction of renters in Scott County

History of Scott County Renter Fraction

Date US Minnesota Scott County MN
2017 36.13% 28.43% 17.52%
2016 36.88% 28.70% 17.06%
2015 36.97% 29.06% 19.54%
2014 36.90% 28.31% 17.98%
2013 36.50% 28.45% 15.66%
2012 36.09% 28.56% 15.99%
2011 35.42% 27.24% 16.06%
2010 34.65% 26.98% 14.18%
2009 34.13% 26.29% 15.54%
2008 33.36% 25.34% 11.67%
2007 32.80% 24.76% 13.38%
2006 32.73% 23.70% 10.93%

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.