Charles County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Charles County MD was $1,675 in 2019 according to the Census ACS survey.1 Average gross rent in Charles County was $1,657 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 Charles County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Charles 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% |
| Charles County MD Median Gross Rent | $1,675 | -2.90% | +1.39% |
Charles County MD Real Gross Rent Trends
Median gross rent for Charles County peaked in real terms in 2017 at $1,779 and is now $104 (5.85%) lower. Average gross rent for Charles County peaked in real terms in 2017 at $1,671 and is now $14 (0.84%) lower.
Real Gross Rent: Charles County MD Median, Charles County MD Average, Maryland Median, US Median
Real Gross Rent History for Charles County
| Date | US Median |
Maryland Median |
Charles County MD Median |
Charles County MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,675 | $1,657 |
| 2018 | $1,077 | $1,396 | $1,725 | $1,564 |
| 2017 | $1,043 | $1,379 | $1,779 | $1,671 |
| 2016 | $1,027 | $1,376 | $1,652 | $1,532 |
| 2015 | $1,017 | $1,356 | $1,545 | $1,432 |
| 2014 | $986 | $1,311 | $1,665 | $1,522 |
| 2013 | $953 | $1,274 | $1,511 | $1,418 |
| 2012 | $940 | $1,245 | $1,484 | $1,382 |
| 2011 | $941 | $1,245 | $1,547 | $1,566 |
| 2010 | $955 | $1,264 | $1,501 | $1,378 |
| 2009 | $960 | $1,263 | $1,533 | $1,501 |
| 2007 | $927 | $1,175 | $1,315 | $1,176 |
| 2005 | $910 | $1,114 | $1,255 | $1,131 |
Charles County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Charles County Maryland was 3.00% according to Census ACS data.
Rental Vacancy Rate in Charles County Maryland
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| Charles County MD | 3.00% | +0.80% | — |
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 9.71% to 3.00%. Data records for this series originated in 2005. From a 2018 post peak low of 2.20%, the rental vacancy rate has increased by 0.80%.
Rental Vacancy Rate: Charles County MD, Maryland, US
Historical Rental Vacancy Rate data for Charles County
| Date | US | Maryland | Charles County MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | 3.00% |
| 2018 | 6.15% | 6.56% | 2.20% |
| 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% |
| 2007 | 7.87% | 8.78% | 4.62% |
| 2005 | 7.74% | 6.14% | — |
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 19.34% in 2019 according to the ACS.
Charles 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% |
| Charles County MD | 19.34% | -2.20% | -0.44% |
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 2018 (relative to the 2005 series origin) at 21.54%. Since then it has fallen by 2.20% to 19.34%.
Fraction of Income towards Rent: Charles County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Charles County Maryland
| Date | US | Maryland | Charles County MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 19.34% |
| 2018 | 20.50% | 19.76% | 21.54% |
| 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% |
| 2007 | 18.66% | 17.63% | 16.10% |
| 2005 | 18.89% | 17.36% | 17.32% |
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 2019 22.29% of households were renters according to Census ACS data.
Charles 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% |
| Charles County MD | 22.29% | -2.12% | -1.27% |
Trends in the Charles County MD Renter Fraction
The Charles County household renter fraction peaked in in 2017 at 24.94% and is now 2.65% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Charles County MD, Maryland, US
History of Charles County Renter Fraction
| Date | US | Maryland | Charles County MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 22.29% |
| 2018 | 36.05% | 33.09% | 24.41% |
| 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% |
| 2007 | 32.80% | 30.08% | 19.61% |
| 2005 | 33.10% | 31.02% | 18.29% |
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. ↩
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