Department of Numbers

Minnehaha County South Dakota Residential Rent and Rental Statistics

The median monthly gross residential rent in Minnehaha County SD was $838 in 2019 according to the Census ACS survey.1 Average gross rent in Minnehaha County was $855 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 Minnehaha County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Minnehaha County South Dakota (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
South Dakota Median Gross Rent $769 +2.95% +4.06%
Minnehaha County SD Median Gross Rent $838 +2.70% +3.58%

Minnehaha County SD Real Gross Rent Trends

At $838, real median gross rent in Minnehaha County was at its highest level in 2019 since the series began in 2005. Average gross rent for Minnehaha County peaked in real terms in 2018 at $869 and is now $14 (1.61%) lower.

Real Gross Rent: Minnehaha County SD Median, Minnehaha County SD Average, South Dakota Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Minnehaha County

Date US
Median
South Dakota
Median
Minnehaha County SD
Median
Minnehaha County SD
Average
2019 $1,097 $769 $838 $855
2018 $1,077 $747 $816 $869
2017 $1,043 $744 $793 $828
2016 $1,027 $739 $809 $855
2015 $1,017 $716 $781 $802
2014 $986 $683 $740 $757
2013 $953 $671 $707 $727
2012 $940 $693 $752 $751
2011 $941 $661 $720 $725
2010 $955 $660 $714 $758
2009 $960 $641 $753 $768

more history ...

Minnehaha 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 Minnehaha County South Dakota was 7.80% according to Census ACS data.

Rental Vacancy Rate in Minnehaha County South Dakota

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
South Dakota 6.93% -0.56% +0.27%
Minnehaha County SD

Trends in Minnehaha County SD Rental Vacancy Rate

The rental vacancy rate in Minnehaha County peaked in 2009 at 11.12%. Since then it has fallen by 3.32% to 7.80%. Data records for this series originated in 2005. From a 2016 post peak low of 4.74%, the rental vacancy rate has increased by 3.06%.

Rental Vacancy Rate: Minnehaha County SD, South Dakota, US

Rental vacancy rate in South Dakota

Historical Rental Vacancy Rate data for Minnehaha County

Date US South Dakota Minnehaha County SD
2019 5.97% 6.93%
2018 6.15% 7.49% 7.80%
2017 6.18% 6.35%
2016 5.89% 6.66% 4.74%
2015 5.85% 5.16%
2014 6.32% 5.03% 7.75%
2013 6.49% 4.17%
2012 6.77% 5.61% 6.78%
2011 7.40% 7.40% 6.29%
2010 8.17% 7.46%
2009 8.43% 6.35% 11.12%

more history ...

Rent as a Fraction of Income

Using median household income data for Minnehaha County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Minnehaha County, median monthly gross rent as a fraction of median household income was 16.23% in 2019 according to the ACS.

Minnehaha County South 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%
South Dakota 15.50% -0.15% -0.05%
Minnehaha County SD 16.23% -0.16% +0.78%

Trends in Minnehaha County SD Rent as a Fraction of Income

The fraction of median Minnehaha County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.55%. Since then it has fallen by 1.32% to 16.23%.

Fraction of Income towards Rent: Minnehaha County SD, South Dakota, US

Percent of median household income going towards median monthly gross rent in Minnehaha County South Dakota

Historical Data for Annual Rent as a Fraction of Income in Minnehaha County South Dakota

Date US South Dakota Minnehaha County SD
2019 20.03% 15.50% 16.23%
2018 20.50% 15.65% 16.38%
2017 20.13% 15.33% 15.11%
2016 20.43% 15.55% 15.45%
2015 20.63% 15.28% 16.08%
2014 20.89% 15.23% 15.34%
2013 20.78% 15.62% 15.45%
2012 20.65% 16.15% 17.55%
2011 20.70% 15.20% 15.58%
2010 20.50% 15.45% 15.57%
2009 20.12% 14.97% 16.67%

more history ...

Renter Fraction in Minnehaha County South Dakota

You can calculate the renter fraction in Minnehaha 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 Minnehaha County as a fraction of total Minnehaha County households. In 2019 38.90% of households were renters according to Census ACS data.

Minnehaha County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
South Dakota 32.18% +0.06% -0.62%
Minnehaha County SD 38.90% +2.61% +3.31%

Trends in the Minnehaha County SD Renter Fraction

At 38.90%, the 2019 household based renter fraction in Minnehaha County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Minnehaha County SD, South Dakota, US

Fraction of renters in Minnehaha County

History of Minnehaha County Renter Fraction

Date US South Dakota Minnehaha County SD
2019 35.89% 32.18% 38.90%
2018 36.05% 32.12% 36.29%
2017 36.13% 32.29% 35.80%
2016 36.88% 32.80% 35.59%
2015 36.97% 31.81% 35.94%
2014 36.90% 31.83% 36.71%
2013 36.50% 32.77% 36.19%
2012 36.09% 32.91% 38.76%
2011 35.42% 31.51% 35.59%
2010 34.65% 32.02% 35.52%
2009 34.13% 32.09% 34.48%

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.