Department of Numbers

Stearns County Minnesota Residential Rent and Rental Statistics

The median monthly gross residential rent in Stearns County MN was $789 in 2017 according to the Census ACS survey.1 Average gross rent in Stearns County was $788 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 Stearns County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Stearns 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%
Stearns County MN Median Gross Rent $789 -3.31% +6.48%

Stearns County MN Real Gross Rent Trends

Median gross rent for Stearns County peaked in real terms in 2016 at $816 and is now $27 (3.31%) lower. Average gross rent for Stearns County peaked in real terms in 2011 at $819 and is now $31 (3.79%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Stearns County

Date US
Median
Minnesota
Median
Stearns County MN
Median
Stearns County MN
Average
2017 $1,012 $939 $789 $788
2016 $996 $926 $816 $787
2015 $987 $914 $780 $766
2014 $956 $880 $741 $746
2013 $924 $850 $736 $740
2012 $912 $839 $725 $739
2011 $912 $824 $807 $819
2010 $927 $828 $712 $701
2009 $931 $837 $760 $787
2008 $947 $843 $727 $729
2007 $899 $810 $747 $784
2006 $909 $835 $765 $797

Stearns County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Stearns County Minnesota was 2.39% according to Census ACS data.

Rental Vacancy Rate in Stearns County Minnesota

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Minnesota 4.31% +0.30% -0.22%
Stearns County MN

Trends in Stearns County MN Rental Vacancy Rate

The rental vacancy rate in Stearns County peaked in 2005 at 10.89%. Since then it has fallen by 8.50% to 2.39%. Data records for this series originated in 2005. From a 2015 post peak low of 2.04%, the rental vacancy rate has increased by 0.35%.

Rental Vacancy Rate: Stearns County MN, Minnesota, US

Rental vacancy rate in Minnesota

Historical Rental Vacancy Rate data for Stearns County

Date US Minnesota Stearns County MN
2017 6.18% 4.31%
2016 5.89% 4.01% 2.39%
2015 5.85% 4.35% 2.04%
2014 6.32% 4.53% 5.87%
2013 6.49% 3.94% 3.21%
2012 6.77% 4.10% 4.25%
2011 7.40% 5.37% 8.88%
2010 8.17% 5.96% 8.92%
2009 8.43% 5.97% 5.54%
2008 7.86% 5.76% 10.24%
2007 7.87% 7.07% 5.86%
2006 7.70% 8.06% 4.65%

Rent as a Fraction of Income

Using median household income data for Stearns County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Stearns County, median monthly gross rent as a fraction of median household income was 14.96% in 2017 according to the ACS.

Stearns 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%
Stearns County MN 14.96% -1.75% -0.54%

Trends in Stearns County MN Rent as a Fraction of Income

The fraction of median Stearns County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.66%. Since then it has fallen by 2.69% to 14.96%.

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

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

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

Date US Minnesota Stearns County MN
2017 20.13% 16.48% 14.96%
2016 20.43% 16.68% 16.71%
2015 20.63% 16.78% 16.53%
2014 20.89% 16.77% 15.50%
2013 20.78% 16.45% 14.98%
2012 20.65% 16.56% 15.37%
2011 20.70% 16.58% 17.66%
2010 20.50% 16.53% 15.72%
2009 20.12% 16.33% 17.42%
2008 19.00% 15.37% 14.62%
2007 18.66% 15.29% 15.24%
2006 18.90% 15.57% 15.79%

Renter Fraction in Stearns County Minnesota

You can calculate the renter fraction in Stearns 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 Stearns County as a fraction of total Stearns County households. In 2017 29.99% of households were renters according to Census ACS data.

Stearns 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%
Stearns County MN 29.99% -2.35% +2.37%

Trends in the Stearns County MN Renter Fraction

The Stearns County household renter fraction peaked in in 2015 at 36.55% and is now 6.56% below that level. The origin year for the series is 2005.

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

Fraction of renters in Stearns County

History of Stearns County Renter Fraction

Date US Minnesota Stearns County MN
2017 36.13% 28.43% 29.99%
2016 36.88% 28.70% 32.34%
2015 36.97% 29.06% 36.55%
2014 36.90% 28.31% 27.62%
2013 36.50% 28.45% 31.18%
2012 36.09% 28.56% 27.44%
2011 35.42% 27.24% 28.54%
2010 34.65% 26.98% 26.87%
2009 34.13% 26.29% 28.02%
2008 33.36% 25.34% 25.21%
2007 32.80% 24.76% 26.00%
2006 32.73% 23.70% 25.68%

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.