Department of Numbers

North Dakota Residential Rent and Rental Statistics

The median monthly gross residential rent in North Dakota was $776 in 2016 according to the Census ACS survey.1 Average gross rent was $791 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 North Dakota median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in North Dakota (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
North Dakota Median Gross Rent $776 -1.15% +11.82%

North Dakota Real Gross Rent Trends

Median gross rent for North Dakota peaked in real terms in 2015 at $785 and is now $9 (1.15%) lower. Average gross rent for North Dakota peaked in real terms in 2015 at $827 and is now $36 (4.35%) lower.

Real Gross Rent in North Dakota: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for North Dakota

Date US Median North Dakota Median North Dakota Average
2016 $981 $776 $791
2015 $972 $785 $827
2014 $942 $734 $767
2013 $910 $694 $727
2012 $898 $654 $683
2011 $898 $646 $638
2010 $912 $622 $615
2009 $916 $614 $603
2008 $932 $604 $609
2007 $885 $579 $585
2006 $895 $583 $568
2005 $869 $572 $553

North Dakota 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 North Dakota was 9.67% according to Census ACS data.

Rental Vacancy Rate in North Dakota

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
North Dakota 9.67% +2.26% +3.32%

Trends in North Dakota Rental Vacancy Rate

At 9.67%, North Dakota residential rental vacancy rate in 2016 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: North Dakota, US

Rental vacancy rate in North Dakota

Historical Rental Vacancy Rate data for North Dakota

Date US North Dakota
2016 5.89% 9.67%
2015 5.85% 7.41%
2014 6.32% 6.42%
2013 6.49% 6.35%
2012 6.77% 5.31%
2011 7.40% 4.53%
2010 8.17% 6.39%
2009 8.43% 7.59%
2008 7.86% 6.26%
2007 7.87% 7.41%
2006 7.70% 5.81%
2005 7.74% 7.11%

North Dakota Rent as a Fraction of Income

Using median household income data for North Dakota, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For North Dakota, median monthly gross rent as a fraction of median household income was 15.35% in 2016 according to the ACS.

North Dakota Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
North Dakota 15.35% -0.01% +0.50%

Trends in North Dakota Rent as a Fraction of Income

The fraction of median North Dakota household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 15.36%. Since then it has fallen by 0.01% to 15.35%.

Fraction of Income towards Rent: North Dakota, US

Percent of median household income going towards median monthly gross rent in North Dakota

Historical Data for Annual Rent as a Fraction of Income in North Dakota

Date US North Dakota
2016 20.43% 15.35%
2015 20.63% 15.36%
2014 20.89% 14.80%
2013 20.78% 14.85%
2012 20.65% 14.42%
2011 20.70% 14.53%
2010 20.50% 14.37%
2009 20.12% 14.15%
2008 19.00% 14.03%
2007 18.66% 14.15%
2006 18.90% 14.23%
2005 18.89% 14.01%

Renter Fraction in North Dakota

You can calculate the renter fraction in North Dakota 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 North Dakota as a fraction of total North Dakota households. In 2016 36.79% of households were renters according to Census ACS data.

North Dakota Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
North Dakota 36.79% -1.53% +1.62%

Trends in the North Dakota Renter Fraction

The North Dakota household renter fraction peaked in in 2015 at 38.32% and is now 1.53% below that level. The origin year for the series is 2005.

Fraction of Renting Households: North Dakota, US

Fraction of renters in North Dakota

History of North Dakota Renter Fraction

Date US North Dakota
2016 36.88% 36.79%
2015 36.97% 38.32%
2014 36.90% 36.16%
2013 36.50% 35.17%
2012 36.09% 34.97%
2011 35.42% 34.29%
2010 34.65% 33.07%
2009 34.13% 34.00%
2008 33.36% 33.40%
2007 32.80% 34.28%
2006 32.73% 33.30%
2005 33.10% 32.52%

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.