Department of Numbers

Carroll County Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Carroll County MD was $1,145 in 2017 according to the Census ACS survey.1 Average gross rent in Carroll County was $1,106 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 Carroll County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Carroll 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%
Carroll County MD Median Gross Rent $1,145 +10.20% +3.71%

Carroll County MD Real Gross Rent Trends

Median gross rent for Carroll County peaked in real terms in 2008 at $1,189 and is now $44 (3.70%) lower. Average gross rent for Carroll County peaked in real terms in 2015 at $1,187 and is now $81 (6.82%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Carroll County

Date US
Median
Maryland
Median
Carroll County MD
Median
Carroll County MD
Average
2017 $1,012 $1,337 $1,145 $1,106
2016 $996 $1,334 $1,039 $971
2015 $987 $1,315 $1,132 $1,187
2014 $956 $1,272 $1,104 $1,154
2013 $924 $1,236 $1,070 $1,076
2012 $912 $1,207 $1,033 $1,037
2011 $912 $1,208 $1,104 $1,059
2010 $927 $1,226 $1,073 $995
2009 $931 $1,225 $1,011 $1,058
2008 $947 $1,234 $1,189 $1,131
2007 $899 $1,139 $979 $947
2006 $909 $1,135 $981 $925

Historical Rental Vacancy Rate data for Carroll County

Date US Maryland Carroll County MD
2017 6.18% 5.94%
2016 5.89% 5.54%
2015 5.85% 5.65% 4.80%
2014 6.32% 6.83%
2013 6.49% 6.96%
2012 6.77% 6.99%
2011 7.40% 7.10%
2010 8.17% 7.53%
2009 8.43% 9.09%
2008 7.86% 8.81%
2007 7.87% 8.78%
2006 7.70% 7.64%

Rent as a Fraction of Income

Using median household income data for Carroll County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Carroll County, median monthly gross rent as a fraction of median household income was 14.67% in 2017 according to the ACS.

Carroll 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%
Carroll County MD 14.67% +1.08% -0.50%

Trends in Carroll County MD Rent as a Fraction of Income

The fraction of median Carroll County household income required to pay median monthly gross rent peaked in 2008 (relative to the 2005 series origin) at 15.79%. Since then it has fallen by 1.12% to 14.67%.

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

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

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

Date US Maryland Carroll County MD
2017 20.13% 19.86% 14.67%
2016 20.43% 19.97% 13.59%
2015 20.63% 20.22% 15.55%
2014 20.89% 20.15% 15.17%
2013 20.78% 20.03% 15.16%
2012 20.65% 19.74% 15.01%
2011 20.70% 19.76% 15.04%
2010 20.50% 19.71% 14.47%
2009 20.12% 19.19% 13.86%
2008 19.00% 18.27% 15.79%
2007 18.66% 17.63% 12.50%
2006 18.90% 17.55% 13.34%

Renter Fraction in Carroll County Maryland

You can calculate the renter fraction in Carroll 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 Carroll County as a fraction of total Carroll County households. In 2017 18.10% of households were renters according to Census ACS data.

Carroll 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%
Carroll County MD 18.10% -0.21% -0.44%

Trends in the Carroll County MD Renter Fraction

The Carroll County household renter fraction peaked in in 2013 at 20.30% and is now 2.20% below that level. The origin year for the series is 2005.

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

Fraction of renters in Carroll County

History of Carroll County Renter Fraction

Date US Maryland Carroll County MD
2017 36.13% 33.29% 18.10%
2016 36.88% 34.11% 18.31%
2015 36.97% 34.06% 17.54%
2014 36.90% 34.11% 18.54%
2013 36.50% 33.53% 20.30%
2012 36.09% 33.54% 18.67%
2011 35.42% 32.66% 15.64%
2010 34.65% 32.96% 14.77%
2009 34.13% 31.44% 19.15%
2008 33.36% 30.53% 15.88%
2007 32.80% 30.08% 16.59%
2006 32.73% 30.57% 15.57%

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.