Department of Numbers

Allegany County Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Allegany County MD was $690 in 2017 according to the Census ACS survey.1 Average gross rent in Allegany County was $641 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 Allegany County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Allegany County Maryland (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Maryland Median Gross Rent $1,337 +0.22% +5.11%
Allegany County MD Median Gross Rent $690 -4.83% +4.55%

Allegany County MD Real Gross Rent Trends

Median gross rent for Allegany County peaked in real terms in 2016 at $725 and is now $35 (4.83%) lower. Average gross rent for Allegany County peaked in real terms in 2016 at $764 and is now $123 (16.10%) lower.

Real Gross Rent: Allegany County MD Median, Allegany County MD Average, Maryland Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Allegany County

Date US
Median
Maryland
Median
Allegany County MD
Median
Allegany County MD
Average
2017 $1,012 $1,337 $690 $641
2016 $996 $1,334 $725 $764
2015 $987 $1,315 $672 $621
2014 $956 $1,272 $660 $681
2013 $924 $1,236 $496 $588
2012 $912 $1,207 $669 $642
2011 $912 $1,208 $572 $637
2010 $927 $1,226 $650 $639
2009 $931 $1,225 $562 $562
2008 $947 $1,234 $612 $611
2007 $899 $1,139 $603 $606
2006 $909 $1,135 $536 $537

Allegany 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 Allegany County Maryland was 11.13% according to Census ACS data.

Rental Vacancy Rate in Allegany County Maryland

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maryland 5.94% +0.40% -0.89%
Allegany County MD 11.13% +0.92% +7.16%

Trends in Allegany County MD Rental Vacancy Rate

At 11.13%, Allegany County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Allegany County MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for Allegany County

Date US Maryland Allegany County MD
2017 6.18% 5.94% 11.13%
2016 5.89% 5.54% 10.21%
2015 5.85% 5.65% 7.34%
2014 6.32% 6.83% 3.97%
2013 6.49% 6.96% 10.49%
2012 6.77% 6.99% 8.16%
2011 7.40% 7.10%
2010 8.17% 7.53% 0.00%
2009 8.43% 9.09% 7.60%
2008 7.86% 8.81% 8.92%
2007 7.87% 8.78% 3.06%
2006 7.70% 7.64% 6.26%

Rent as a Fraction of Income

Using median household income data for Allegany County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Allegany County, median monthly gross rent as a fraction of median household income was 19.71% in 2017 according to the ACS.

Allegany County Maryland Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Maryland 19.86% -0.11% -0.29%
Allegany County MD 19.71% +0.92% +0.19%

Trends in Allegany County MD Rent as a Fraction of Income

The fraction of median Allegany County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 20.55%. Since then it has fallen by 0.84% to 19.71%. From a 2013 low of 14.52%, the fraction of income going to rent has increased by 5.19%.

Fraction of Income towards Rent: Allegany County MD, Maryland, US

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

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

Date US Maryland Allegany County MD
2017 20.13% 19.86% 19.71%
2016 20.43% 19.97% 18.79%
2015 20.63% 20.22% 20.47%
2014 20.89% 20.15% 19.52%
2013 20.78% 20.03% 14.52%
2012 20.65% 19.74% 20.19%
2011 20.70% 19.76% 17.02%
2010 20.50% 19.71% 20.55%
2009 20.12% 19.19% 16.71%
2008 19.00% 18.27% 16.04%
2007 18.66% 17.63% 17.15%
2006 18.90% 17.55% 16.37%

Renter Fraction in Allegany County Maryland

You can calculate the renter fraction in Allegany 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 Allegany County as a fraction of total Allegany County households. In 2017 34.40% of households were renters according to Census ACS data.

Allegany County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Maryland 33.29% -0.82% -0.82%
Allegany County MD 34.40% +2.48% -0.10%

Trends in the Allegany County MD Renter Fraction

The Allegany County household renter fraction peaked in in 2015 at 35.06% and is now 0.66% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Allegany County MD, Maryland, US

Fraction of renters in Allegany County

History of Allegany County Renter Fraction

Date US Maryland Allegany County MD
2017 36.13% 33.29% 34.40%
2016 36.88% 34.11% 31.92%
2015 36.97% 34.06% 35.06%
2014 36.90% 34.11% 34.50%
2013 36.50% 33.53% 26.50%
2012 36.09% 33.54% 32.15%
2011 35.42% 32.66% 33.27%
2010 34.65% 32.96% 29.00%
2009 34.13% 31.44% 33.12%
2008 33.36% 30.53% 28.63%
2007 32.80% 30.08% 32.56%
2006 32.73% 30.57% 27.70%

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.