Department of Numbers

Harford County Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Harford County MD was $1,231 in 2017 according to the Census ACS survey.1 Average gross rent in Harford County was $1,178 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 Harford County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Harford 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%
Harford County MD Median Gross Rent $1,231 +5.48% +5.57%

Harford County MD Real Gross Rent Trends

At $1,231, real median gross rent in Harford County was at its highest level in 2017 since the series began in 2005. Average gross rent for Harford County peaked in real terms in 2013 at $1,219 and is now $41 (3.36%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Harford County

Date US
Median
Maryland
Median
Harford County MD
Median
Harford County MD
Average
2017 $1,012 $1,337 $1,231 $1,178
2016 $996 $1,334 $1,167 $1,121
2015 $987 $1,315 $1,164 $1,148
2014 $956 $1,272 $1,166 $1,109
2013 $924 $1,236 $1,212 $1,219
2012 $912 $1,207 $1,132 $1,093
2011 $912 $1,208 $1,145 $1,081
2010 $927 $1,226 $1,087 $1,037
2009 $931 $1,225 $1,077 $1,020
2008 $947 $1,234 $1,165 $1,099
2007 $899 $1,139 $1,070 $1,074
2006 $909 $1,135 $1,000 $890

Harford 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 Harford County Maryland was 5.47% according to Census ACS data.

Rental Vacancy Rate in Harford County Maryland

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maryland 5.94% +0.40% -0.89%
Harford County MD 5.47% -0.23% +2.91%

Trends in Harford County MD Rental Vacancy Rate

The rental vacancy rate in Harford County peaked in 2008 at 7.88%. Since then it has fallen by 2.41% to 5.47%. Data records for this series originated in 2005. From a 2014 post peak low of 2.56%, the rental vacancy rate has increased by 2.91%.

Rental Vacancy Rate: Harford County MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for Harford County

Date US Maryland Harford County MD
2017 6.18% 5.94% 5.47%
2016 5.89% 5.54% 5.70%
2015 5.85% 5.65% 4.68%
2014 6.32% 6.83% 2.56%
2013 6.49% 6.96% 7.65%
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% 7.88%
2007 7.87% 8.78% 6.39%
2006 7.70% 7.64%

Rent as a Fraction of Income

Using median household income data for Harford County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Harford County, median monthly gross rent as a fraction of median household income was 18.36% in 2017 according to the ACS.

Harford 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%
Harford County MD 18.36% +1.98% +1.20%

Trends in Harford County MD Rent as a Fraction of Income

Harford County renters paid 18.36% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Maryland Harford County MD
2017 20.13% 19.86% 18.36%
2016 20.43% 19.97% 16.38%
2015 20.63% 20.22% 17.39%
2014 20.89% 20.15% 17.16%
2013 20.78% 20.03% 18.32%
2012 20.65% 19.74% 17.18%
2011 20.70% 19.76% 16.79%
2010 20.50% 19.71% 16.76%
2009 20.12% 19.19% 15.34%
2008 19.00% 18.27% 15.79%
2007 18.66% 17.63% 15.57%
2006 18.90% 17.55% 14.49%

Renter Fraction in Harford County Maryland

You can calculate the renter fraction in Harford 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 Harford County as a fraction of total Harford County households. In 2017 22.80% of households were renters according to Census ACS data.

Harford 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%
Harford County MD 22.80% +1.48% -0.14%

Trends in the Harford County MD Renter Fraction

The Harford County household renter fraction peaked in in 2014 at 22.94% and is now 0.14% below that level. The origin year for the series is 2005.

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

Fraction of renters in Harford County

History of Harford County Renter Fraction

Date US Maryland Harford County MD
2017 36.13% 33.29% 22.80%
2016 36.88% 34.11% 21.32%
2015 36.97% 34.06% 22.45%
2014 36.90% 34.11% 22.94%
2013 36.50% 33.53% 19.45%
2012 36.09% 33.54% 22.88%
2011 35.42% 32.66% 19.83%
2010 34.65% 32.96% 21.56%
2009 34.13% 31.44% 17.86%
2008 33.36% 30.53% 20.43%
2007 32.80% 30.08% 19.92%
2006 32.73% 30.57% 18.11%

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.