Allegany County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Allegany County MD was $644 in 2019 according to the Census ACS survey.1 Average gross rent in Allegany County was $617 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 Allegany County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Allegany County Maryland (2019 dollars)2
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US Median Gross Rent | $1,097 | +1.86% | +6.82% |
Maryland Median Gross Rent | $1,401 | +0.36% | +1.82% |
Allegany County MD Median Gross Rent | $644 | -4.45% | -13.90% |
Allegany County MD Real Gross Rent Trends
Median gross rent for Allegany County peaked in real terms in 2016 at $748 and is now $104 (13.90%) lower. Average gross rent for Allegany County peaked in real terms in 2016 at $787 and is now $170 (21.60%) lower.
Real Gross Rent: Allegany County MD Median, Allegany County MD Average, Maryland Median, US Median
Real Gross Rent History for Allegany County
Date | US Median |
Maryland Median |
Allegany County MD Median |
Allegany County MD Average |
---|---|---|---|---|
2019 | $1,097 | $1,401 | $644 | $617 |
2018 | $1,077 | $1,396 | $674 | $668 |
2017 | $1,043 | $1,379 | $711 | $661 |
2016 | $1,027 | $1,376 | $748 | $787 |
2015 | $1,017 | $1,356 | $693 | $641 |
2014 | $986 | $1,311 | $681 | $702 |
2013 | $953 | $1,274 | $512 | $607 |
2012 | $940 | $1,245 | $689 | $662 |
2011 | $941 | $1,245 | $590 | $657 |
2010 | $955 | $1,264 | $670 | $659 |
2009 | $960 | $1,263 | $579 | $579 |
2007 | $927 | $1,175 | $621 | $625 |
2005 | $910 | $1,114 | $573 | $516 |
Allegany 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 Allegany County Maryland was 7.21% according to Census ACS data.
Rental Vacancy Rate in Allegany County Maryland
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 5.97% | -0.18% | +0.08% |
Maryland | 6.29% | -0.27% | +0.75% |
Allegany County MD | — | — | — |
Trends in Allegany County MD Rental Vacancy Rate
The rental vacancy rate in Allegany County peaked in 2017 at 11.13%. Since then it has fallen by 3.92% to 7.21%. Data records for this series originated in 2005.
Rental Vacancy Rate: Allegany County MD, Maryland, US
Historical Rental Vacancy Rate data for Allegany County
Date | US | Maryland | Allegany County MD |
---|---|---|---|
2019 | 5.97% | 6.29% | — |
2018 | 6.15% | 6.56% | 7.21% |
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% |
2007 | 7.87% | 8.78% | 3.06% |
2005 | 7.74% | 6.14% | 5.61% |
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 15.81% in 2019 according to the ACS.
Allegany County Maryland Median Annual Rent as a Fraction of Median Household Income
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 20.03% | -0.47% | -0.40% |
Maryland | 19.38% | -0.38% | -0.59% |
Allegany County MD | 15.81% | -3.07% | -2.97% |
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 4.73% to 15.81%. From a 2013 low of 14.52%, the fraction of income going to rent has increased by 1.29%.
Fraction of Income towards Rent: Allegany County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Allegany County Maryland
Date | US | Maryland | Allegany County MD |
---|---|---|---|
2019 | 20.03% | 19.38% | 15.81% |
2018 | 20.50% | 19.76% | 18.88% |
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% |
2007 | 18.66% | 17.63% | 17.15% |
2005 | 18.89% | 17.36% | 16.50% |
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 2019 31.54% of households were renters according to Census ACS data.
Allegany County Fraction of Renters by Household Units
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 35.89% | -0.16% | -0.99% |
Maryland | 33.17% | +0.08% | -0.94% |
Allegany County MD | 31.54% | +1.40% | -0.38% |
Trends in the Allegany County MD Renter Fraction
The Allegany County household renter fraction peaked in in 2015 at 35.06% and is now 3.52% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Allegany County MD, Maryland, US
History of Allegany County Renter Fraction
Date | US | Maryland | Allegany County MD |
---|---|---|---|
2019 | 35.89% | 33.17% | 31.54% |
2018 | 36.05% | 33.09% | 30.14% |
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% |
2007 | 32.80% | 30.08% | 32.56% |
2005 | 33.10% | 31.02% | 28.96% |
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. ↩