Ward County North Dakota Residential Rent and Rental Statistics
The median monthly gross residential rent in Ward County ND was $845 in 2019 according to the Census ACS survey.1 Average gross rent in Ward County was $837 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 Ward County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Ward County North Dakota (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| North Dakota Median Gross Rent | $804 | -2.31% | -1.11% |
| Ward County ND Median Gross Rent | $845 | -12.98% | -14.04% |
Ward County ND Real Gross Rent Trends
Median gross rent for Ward County peaked in real terms in 2014 at $1,164 and is now $319 (27.41%) lower. Average gross rent for Ward County peaked in real terms in 2014 at $1,132 and is now $295 (26.06%) lower.
Real Gross Rent: Ward County ND Median, Ward County ND Average, North Dakota Median, US Median
Real Gross Rent History for Ward County
| Date | US Median |
North Dakota Median |
Ward County ND Median |
Ward County ND Average |
|---|---|---|---|---|
| 2019 | $1,097 | $804 | $845 | $837 |
| 2018 | $1,077 | $823 | $971 | $1,020 |
| 2017 | $1,043 | $809 | $875 | $990 |
| 2016 | $1,027 | $813 | $983 | $1,025 |
| 2015 | $1,017 | $822 | $1,031 | $1,078 |
| 2014 | $986 | $769 | $1,164 | $1,132 |
| 2013 | $953 | $727 | $953 | $965 |
| 2012 | $940 | $685 | — | — |
| 2011 | $941 | $676 | — | — |
| 2010 | $955 | $651 | — | — |
| 2009 | $960 | $643 | — | — |
| 2007 | $927 | $606 | — | — |
| 2005 | $910 | $599 | — | — |
Ward County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Ward County North Dakota was 12.30% according to Census ACS data.
Rental Vacancy Rate in Ward County North Dakota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| North Dakota | 8.04% | -2.71% | -1.63% |
| Ward County ND | — | — | — |
Trends in Ward County ND Rental Vacancy Rate
The rental vacancy rate in Ward County peaked in 2017 at 20.77%. Since then it has fallen by 8.47% to 12.30%. Data records for this series originated in 2013.
Rental Vacancy Rate: Ward County ND, North Dakota, US
Historical Rental Vacancy Rate data for Ward County
| Date | US | North Dakota | Ward County ND |
|---|---|---|---|
| 2019 | 5.97% | 8.04% | — |
| 2018 | 6.15% | 10.75% | 12.30% |
| 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% | — |
| 2007 | 7.87% | 7.41% | — |
| 2005 | 7.74% | 7.11% | — |
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 14.20% in 2019 according to the ACS.
Ward County North Dakota Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| North Dakota | 14.94% | -0.25% | -0.41% |
| Ward County ND | 14.20% | -3.22% | -3.81% |
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 5.68% to 14.20%.
Fraction of Income towards Rent: Ward County ND, North Dakota, US
Historical Data for Annual Rent as a Fraction of Income in Ward County North Dakota
| Date | US | North Dakota | Ward County ND |
|---|---|---|---|
| 2019 | 20.03% | 14.94% | 14.20% |
| 2018 | 20.50% | 15.19% | 17.42% |
| 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% | — |
| 2007 | 18.66% | 14.15% | — |
| 2005 | 18.89% | 14.01% | — |
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 2019 40.53% of households were renters according to Census ACS data.
Ward County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| North Dakota | 38.67% | +1.13% | +1.88% |
| Ward County ND | 40.53% | -3.92% | +0.03% |
Trends in the Ward County ND Renter Fraction
The Ward County household renter fraction peaked in in 2018 at 44.45% and is now 3.92% below that level. The origin year for the series is 2013.
Fraction of Renting Households: Ward County ND, North Dakota, US
History of Ward County Renter Fraction
| Date | US | North Dakota | Ward County ND |
|---|---|---|---|
| 2019 | 35.89% | 38.67% | 40.53% |
| 2018 | 36.05% | 37.54% | 44.45% |
| 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% | — |
| 2007 | 32.80% | 34.28% | — |
| 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. ↩
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