Department of Numbers

Salisbury Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Salisbury, MD (the Salisbury metro area) was $981 in 2015 according to the Census ACS survey.1 Average gross rent in Salisbury was $917 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Salisbury median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Salisbury Maryland (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Maryland Median Gross Rent $1,278 +3.40% +8.95%
Salisbury, MD Median Gross Rent $981 -2.68% +9.24%

Salisbury, MD Real Gross Rent Trends

Median gross rent for Salisbury peaked in real terms in 2008 at $1,012 and is now $31 (3.06%) lower. Average gross rent for Salisbury peaked in real terms in 2014 at $966 and is now $49 (5.07%) lower.

Real Gross Rent in Salisbury: Salisbury MD Median, Salisbury MD Average, Maryland Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Salisbury

Date US
Median
Maryland
Median
Salisbury, MD
Median
Salisbury, MD
Average
2015 $959 $1,278 $981 $917
2014 $930 $1,236 $1,008 $966
2013 $898 $1,201 $930 $830
2012 $886 $1,173 $898 $848
2011 $887 $1,174 $936 $873
2010 $901 $1,191 $929 $911
2009 $905 $1,190 $976 $941
2008 $920 $1,199 $1,012 $928
2007 $874 $1,107 $920 $892
2006 $883 $1,103 $920 $852
2005 $858 $1,050 $833 $775

Salisbury Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Salisbury Maryland was 9.10% according to Census ACS data.

Rental Vacancy Rate in Salisbury Maryland

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Maryland 5.65% -1.18% -1.34%
Salisbury, MD 9.10% -3.85% +4.85%

Trends in Salisbury, MD Rental Vacancy Rate

The rental vacancy rate in Salisbury peaked in 2013 at 24.59%. Since then it has fallen by 15.49% to 9.10%. Data records for this series originated in 2005.

Rental Vacancy Rate: Salisbury MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for Salisbury

Date US Maryland Salisbury, MD
2015 5.85% 5.65% 9.10%
2014 6.32% 6.83% 12.95%
2013 6.49% 6.96% 24.59%
2012 6.77% 6.99% 4.25%
2011 7.40% 7.10% 6.39%
2010 8.17% 7.53% 9.84%
2009 8.43% 9.09% 8.61%
2008 7.86% 8.81% 7.21%
2007 7.87% 8.78% 3.99%
2006 7.70% 7.64% 6.15%
2005 7.74% 6.14% 4.77%

Rent as a Fraction of Income

Using median household income data for Salisbury, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Salisbury, median monthly gross rent as a fraction of median household income was 21.71% in 2015 according to the ACS.

Salisbury Maryland Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Maryland 20.22% +0.07% +0.48%
Salisbury, MD 21.71% -0.75% -0.05%

Trends in Salisbury, MD Rent as a Fraction of Income

The fraction of median Salisbury household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 24.62%. Since then it has fallen by 2.91% to 21.71%.

Fraction of Income towards Rent: Salisbury MD, Maryland, US

Percent of median household income going towards median monthly gross rent in Salisbury Maryland

Historical Data for Annual Rent as a Fraction of Income in Salisbury Maryland

Date US Maryland Salisbury, MD
2015 20.63% 20.22% 21.71%
2014 20.89% 20.15% 22.46%
2013 20.78% 20.03% 22.48%
2012 20.65% 19.74% 21.76%
2011 20.70% 19.76% 24.62%
2010 20.50% 19.71% 22.46%
2009 20.12% 19.19% 23.78%
2008 19.00% 18.27% 22.24%
2007 18.66% 17.63% 20.25%
2006 18.90% 17.55% 20.79%
2005 18.89% 17.36% 19.48%

Renter Fraction in Salisbury Maryland

You can calculate the renter fraction in Salisbury 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 Salisbury as a fraction of total Salisbury households. In 2015 28.56% of households were renters according to Census ACS data.

Salisbury Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Maryland 34.06% -0.05% +0.52%
Salisbury, MD 28.56% +1.20% -7.10%

Trends in the Salisbury, MD Renter Fraction

The Salisbury household renter fraction peaked in in 2005 at 36.26% and is now 7.70% below that level. From a recent low of 27.36% in 2014, the household based renter fraction has now grown by 1.20%. The origin year for the series is 2005.

Fraction of Renting Households: Salisbury MD, Maryland, US

Fraction of renters in Salisbury

History of Salisbury Renter Fraction

Date US Maryland Salisbury, MD
2015 36.97% 34.06% 28.56%
2014 36.90% 34.11% 27.36%
2013 36.50% 33.53% 27.93%
2012 36.09% 33.54% 35.66%
2011 35.42% 32.66% 33.41%
2010 34.65% 32.96% 36.11%
2009 34.13% 31.44% 35.77%
2008 33.36% 30.53% 35.14%
2007 32.80% 30.08% 35.93%
2006 32.73% 30.57% 31.79%
2005 33.10% 31.02% 36.26%

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.