Department of Numbers

Charles County Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Charles County MD was $1,725 in 2017 according to the Census ACS survey.1 Average gross rent in Charles County was $1,621 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 Charles County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Charles 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%
Charles County MD Median Gross Rent $1,725 +7.61% +6.81%

Charles County MD Real Gross Rent Trends

At $1,725, real median gross rent in Charles County was at its highest level in 2017 since the series began in 2005. At $1,621, real average gross rent in Charles County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Charles County

Date US
Median
Maryland
Median
Charles County MD
Median
Charles County MD
Average
2017 $1,012 $1,337 $1,725 $1,621
2016 $996 $1,334 $1,603 $1,486
2015 $987 $1,315 $1,498 $1,389
2014 $956 $1,272 $1,615 $1,476
2013 $924 $1,236 $1,466 $1,376
2012 $912 $1,207 $1,439 $1,340
2011 $912 $1,208 $1,500 $1,519
2010 $927 $1,226 $1,455 $1,336
2009 $931 $1,225 $1,487 $1,456
2008 $947 $1,234 $1,420 $1,391
2007 $899 $1,139 $1,275 $1,141
2006 $909 $1,135 $1,349 $1,200

Charles 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 Charles County Maryland was 10.05% according to Census ACS data.

Rental Vacancy Rate in Charles County Maryland

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maryland 5.94% +0.40% -0.89%
Charles County MD 10.05%

Trends in Charles County MD Rental Vacancy Rate

The rental vacancy rate in Charles County peaked in 2009 at 12.71%. Since then it has fallen by 2.66% to 10.05%. Data records for this series originated in 2005.

Rental Vacancy Rate: Charles County MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for Charles County

Date US Maryland Charles County MD
2017 6.18% 5.94% 10.05%
2016 5.89% 5.54%
2015 5.85% 5.65% 5.12%
2014 6.32% 6.83%
2013 6.49% 6.96% 4.87%
2012 6.77% 6.99% 8.50%
2011 7.40% 7.10%
2010 8.17% 7.53% 10.62%
2009 8.43% 9.09% 12.71%
2008 7.86% 8.81%
2007 7.87% 8.78% 4.62%
2006 7.70% 7.64%

Rent as a Fraction of Income

Using median household income data for Charles County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Charles County, median monthly gross rent as a fraction of median household income was 21.13% in 2017 according to the ACS.

Charles 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%
Charles County MD 21.13% +1.35% -0.18%

Trends in Charles County MD Rent as a Fraction of Income

The fraction of median Charles County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 21.31%. Since then it has fallen by 0.18% to 21.13%.

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

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

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

Date US Maryland Charles County MD
2017 20.13% 19.86% 21.13%
2016 20.43% 19.97% 19.78%
2015 20.63% 20.22% 19.70%
2014 20.89% 20.15% 21.31%
2013 20.78% 20.03% 19.39%
2012 20.65% 19.74% 18.42%
2011 20.70% 19.76% 18.73%
2010 20.50% 19.71% 18.52%
2009 20.12% 19.19% 18.11%
2008 19.00% 18.27% 17.04%
2007 18.66% 17.63% 16.10%
2006 18.90% 17.55% 16.96%

Renter Fraction in Charles County Maryland

You can calculate the renter fraction in Charles 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 Charles County as a fraction of total Charles County households. In 2017 24.94% of households were renters according to Census ACS data.

Charles 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%
Charles County MD 24.94% +1.38% +1.05%

Trends in the Charles County MD Renter Fraction

At 24.94%, the 2017 household based renter fraction in Charles County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Charles County

History of Charles County Renter Fraction

Date US Maryland Charles County MD
2017 36.13% 33.29% 24.94%
2016 36.88% 34.11% 23.56%
2015 36.97% 34.06% 21.82%
2014 36.90% 34.11% 23.89%
2013 36.50% 33.53% 22.32%
2012 36.09% 33.54% 22.53%
2011 35.42% 32.66% 24.25%
2010 34.65% 32.96% 21.74%
2009 34.13% 31.44% 18.94%
2008 33.36% 30.53% 19.41%
2007 32.80% 30.08% 19.61%
2006 32.73% 30.57% 20.75%

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.