Department of Numbers

Ward County North Dakota Residential Rent and Rental Statistics

The median monthly gross residential rent in Ward County ND was $849 in 2017 according to the Census ACS survey.1 Average gross rent in Ward County was $960 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 Ward County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Ward County North Dakota (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
North Dakota Median Gross Rent $785 -0.38% +5.37%
Ward County ND Median Gross Rent $849 -11.01% -24.80%

Ward County ND Real Gross Rent Trends

Median gross rent for Ward County peaked in real terms in 2014 at $1,129 and is now $280 (24.80%) lower. Average gross rent for Ward County peaked in real terms in 2014 at $1,098 and is now $138 (12.57%) lower.

Real Gross Rent: Ward County ND Median, Ward County ND Average, North Dakota Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Ward County

Date US
Median
North Dakota
Median
Ward County ND
Median
Ward County ND
Average
2017 $1,012 $785 $849 $960
2016 $996 $788 $954 $994
2015 $987 $797 $1,000 $1,045
2014 $956 $745 $1,129 $1,098
2013 $924 $705 $924 $936
2012 $912 $664
2011 $912 $656
2010 $927 $632
2009 $931 $623
2008 $947 $613
2007 $899 $588
2006 $909 $592

Ward 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 Ward County North Dakota was 20.77% according to Census ACS data.

Rental Vacancy Rate in Ward County North Dakota

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
North Dakota 12.49% +2.82% +6.07%
Ward County ND 20.77% +8.50% +8.70%

Trends in Ward County ND Rental Vacancy Rate

At 20.77%, Ward County residential rental vacancy rate in 2017 is at the highest point since 2013, the beginning of our reporting for this series.

Rental Vacancy Rate: Ward County ND, North Dakota, US

Rental vacancy rate in North Dakota

Historical Rental Vacancy Rate data for Ward County

Date US North Dakota Ward County ND
2017 6.18% 12.49% 20.77%
2016 5.89% 9.67% 12.27%
2015 5.85% 7.41% 12.21%
2014 6.32% 6.42% 12.07%
2013 6.49% 6.35% 6.93%
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%

Rent as a Fraction of Income

Using median household income data for Ward County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ward County, median monthly gross rent as a fraction of median household income was 15.74% in 2017 according to the ACS.

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

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
North Dakota 15.23% -0.12% +0.43%
Ward County ND 15.74% -2.27% -4.15%

Trends in Ward County ND Rent as a Fraction of Income

The fraction of median Ward County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2013 series origin) at 19.88%. Since then it has fallen by 4.15% to 15.74%.

Fraction of Income towards Rent: Ward County ND, North Dakota, US

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

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

Date US North Dakota Ward County ND
2017 20.13% 15.23% 15.74%
2016 20.43% 15.35% 18.01%
2015 20.63% 15.36% 18.62%
2014 20.89% 14.80% 19.88%
2013 20.78% 14.85% 18.83%
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%

Renter Fraction in Ward County North Dakota

You can calculate the renter fraction in Ward 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 Ward County as a fraction of total Ward County households. In 2017 39.22% of households were renters according to Census ACS data.

Ward County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
North Dakota 36.59% -0.20% +0.43%
Ward County ND 39.22% -1.28% +1.66%

Trends in the Ward County ND Renter Fraction

The Ward County household renter fraction peaked in in 2013 at 43.49% and is now 4.27% below that level. From a recent low of 37.56% in 2014, the household based renter fraction has now grown by 1.66%. The origin year for the series is 2013.

Fraction of Renting Households: Ward County ND, North Dakota, US

Fraction of renters in Ward County

History of Ward County Renter Fraction

Date US North Dakota Ward County ND
2017 36.13% 36.59% 39.22%
2016 36.88% 36.79% 40.50%
2015 36.97% 38.32% 38.51%
2014 36.90% 36.16% 37.56%
2013 36.50% 35.17% 43.49%
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%

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.