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RENTAL MARKET ANALYSIS <br />$1,600 <br />$1,400 <br />$1,200 <br />v <br />z <br />alo $800 <br />v <br />. $600 <br />$1,000 <br />$400 <br />$200 <br />so <br />6.0% <br />5.0'/0 - <br />4.0% - <br />1.0% - <br />0.0% <br />Average Rent & Vacancy Rate by Submarket, Q1 2019 <br />Outlying Anoka Coon Rapids et al. Dayton/Champlin <br />County Sub. Sub. Sub. <br />■ Avg. Rent ♦ Vacancies <br />Average Vacancy Rate by Unit Type, Q1 2019 <br />Metro Area <br />5.0% <br />4.5% <br />4.0% <br />3.5% <br />3.0% <br />2.5% <br />2.0% <br />1.5% <br />1.0% <br />0.5% <br />0.0% <br />Vacancy Rate <br />II�IIIIe 1111 iili iII <br />TOTAL <br />STUDIO 1 BR 2 BR 3 BR <br />• Outlying Anoka County Sub. • Coon Rapids et al. Sub. <br />Bedrooms by Gross Rent <br />Metro Area • Dayton/Champlin Sub. <br />• Ramsey has much higher rents compared to Anoka County and the Metro Area. The median <br />gross rent in Ramsey (estimated as of 2017 ACS) was $1,408 per month, which was 36% <br />higher than the median monthly rent of $1,034 in Anoka County and 37% higher than the <br />median monthly rent of $1,024 in the Metro Area. <br />• Monthly gross rents in Ramsey ranged from $500 to more than $1,500 <br />with approximately 39% renting for $1,500 or more per month. Over 49% had gross <br />monthly rents between $1,000 and $1,499, 9% had rents between $750 and $999, while <br />less than 3% had rents between $500 and $749. <br />MAXFIELD RESEARCH AND CONSULTING 72 <br />