Department of Numbers

Sherburne County Minnesota Residential Rent and Rental Statistics

The median monthly gross residential rent in Sherburne County MN was $1,124 in 2019 according to the Census ACS survey.1 Average gross rent in Sherburne County was $1,076 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 Sherburne County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Sherburne County Minnesota (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Minnesota Median Gross Rent $1,016 +2.94% +6.39%
Sherburne County MN Median Gross Rent $1,124 +7.46% +27.01%

Sherburne County MN Real Gross Rent Trends

Median gross rent for Sherburne County peaked in real terms in 2013 at $1,142 and is now $18 (1.58%) lower. Average gross rent for Sherburne County peaked in real terms in 2013 at $1,125 and is now $49 (4.36%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Sherburne County

Date US
Median
Minnesota
Median
Sherburne County MN
Median
Sherburne County MN
Average
2019 $1,097 $1,016 $1,124 $1,076
2018 $1,077 $987 $1,046 $1,048
2017 $1,043 $968 $1,047 $1,086
2016 $1,027 $955 $885 $960
2015 $1,017 $942 $948 $944
2014 $986 $907 $1,044 $1,033
2013 $953 $876 $1,142 $1,125
2012 $940 $865 $1,028 $1,041
2011 $941 $850 $888 $894
2010 $955 $854 $945 $989
2009 $960 $863 $895 $957

more history ...

Historical Rental Vacancy Rate data for Sherburne County

Date US Minnesota Sherburne County MN
2019 5.97% 4.76%
2018 6.15% 4.55%
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%

more history ...

Rent as a Fraction of Income

Using median household income data for Sherburne County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sherburne County, median monthly gross rent as a fraction of median household income was 14.02% in 2019 according to the ACS.

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

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Minnesota 16.34% -0.19% -0.34%
Sherburne County MN 14.02% -1.26% +1.90%

Trends in Sherburne County MN Rent as a Fraction of Income

The fraction of median Sherburne County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 17.11%. Since then it has fallen by 3.09% to 14.02%. From a 2016 low of 12.12%, the fraction of income going to rent has increased by 1.90%.

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

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

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

Date US Minnesota Sherburne County MN
2019 20.03% 16.34% 14.02%
2018 20.50% 16.54% 15.28%
2017 20.13% 16.48% 13.88%
2016 20.43% 16.68% 12.12%
2015 20.63% 16.78% 13.40%
2014 20.89% 16.77% 15.31%
2013 20.78% 16.45% 17.11%
2012 20.65% 16.56% 16.77%
2011 20.70% 16.58% 14.68%
2010 20.50% 16.53% 14.51%
2009 20.12% 16.33% 13.06%

more history ...

Renter Fraction in Sherburne County Minnesota

You can calculate the renter fraction in Sherburne 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 Sherburne County as a fraction of total Sherburne County households. In 2019 14.81% of households were renters according to Census ACS data.

Sherburne County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Minnesota 28.08% -0.47% -0.62%
Sherburne County MN 14.81% -6.91% -2.10%

Trends in the Sherburne County MN Renter Fraction

The Sherburne County household renter fraction peaked in in 2011 at 24.29% and is now 9.48% below that level. The origin year for the series is 2005.

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

Fraction of renters in Sherburne County

History of Sherburne County Renter Fraction

Date US Minnesota Sherburne County MN
2019 35.89% 28.08% 14.81%
2018 36.05% 28.55% 21.72%
2017 36.13% 28.43% 12.56%
2016 36.88% 28.70% 16.91%
2015 36.97% 29.06% 19.59%
2014 36.90% 28.31% 18.06%
2013 36.50% 28.45% 18.11%
2012 36.09% 28.56% 16.27%
2011 35.42% 27.24% 24.29%
2010 34.65% 26.98% 16.19%
2009 34.13% 26.29% 16.53%

more history ...

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.