Prince George's County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Prince George's County MD was $1,469 in 2019 according to the Census ACS survey.1 Average gross rent in Prince George's County was $1,485 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 Prince George's County median and average rent data will be released in September of 2021.
Data is also available below for Prince George's County rental vacancy rates, Prince George's County rent as a percent of median income and the fraction of renters in Prince George's County.
Real Gross Rent in Prince George's 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% |
| Prince George's County MD Median Gross Rent | $1,469 | -1.08% | +1.17% |
Prince George's County MD Real Gross Rent Trends
Median gross rent for Prince George's County peaked in real terms in 2018 at $1,485 and is now $16 (1.08%) lower. Average gross rent for Prince George's County peaked in real terms in 2018 at $1,532 and is now $47 (3.07%) lower.
Real Gross Rent: Prince George's County MD Median, Prince George's County MD Average, Maryland Median, US Median
Real Gross Rent History for Prince George's County
| Date | US Median |
Maryland Median |
Prince George's County MD Median |
Prince George's County MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,469 | $1,485 |
| 2018 | $1,077 | $1,396 | $1,485 | $1,532 |
| 2017 | $1,043 | $1,379 | $1,468 | $1,472 |
| 2016 | $1,027 | $1,376 | $1,452 | $1,480 |
| 2015 | $1,017 | $1,356 | $1,462 | $1,495 |
| 2014 | $986 | $1,311 | $1,369 | $1,406 |
| 2013 | $953 | $1,274 | $1,328 | $1,365 |
| 2012 | $940 | $1,245 | $1,301 | $1,355 |
| 2011 | $941 | $1,245 | $1,282 | $1,330 |
| 2010 | $955 | $1,264 | $1,321 | $1,379 |
| 2009 | $960 | $1,263 | $1,311 | $1,369 |
| 2007 | $927 | $1,175 | $1,242 | $1,294 |
| 2005 | $910 | $1,114 | $1,224 | $1,250 |
Prince George's 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 Prince George's County Maryland was 4.70% according to Census ACS data.
Rental Vacancy Rate in Prince George's County Maryland
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| Prince George's County MD | 4.70% | +0.08% | -0.97% |
Trends in Prince George's County MD Rental Vacancy Rate
The rental vacancy rate in Prince George's County peaked in 2009 at 9.66%. Since then it has fallen by 4.96% to 4.70%. Data records for this series originated in 2005. From a 2018 post peak low of 4.62%, the rental vacancy rate has increased by 0.08%.
Rental Vacancy Rate: Prince George's County MD, Maryland, US
Historical Rental Vacancy Rate data for Prince George's County
| Date | US | Maryland | Prince George's County MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | 4.70% |
| 2018 | 6.15% | 6.56% | 4.62% |
| 2017 | 6.18% | 5.94% | 5.22% |
| 2016 | 5.89% | 5.54% | 5.67% |
| 2015 | 5.85% | 5.65% | 6.18% |
| 2014 | 6.32% | 6.83% | 7.57% |
| 2013 | 6.49% | 6.96% | 7.08% |
| 2012 | 6.77% | 6.99% | 6.75% |
| 2011 | 7.40% | 7.10% | 7.01% |
| 2010 | 8.17% | 7.53% | 7.05% |
| 2009 | 8.43% | 9.09% | 9.66% |
| 2007 | 7.87% | 8.78% | 7.54% |
| 2005 | 7.74% | 6.14% | 6.55% |
Rent as a Fraction of Income
Using median household income data for Prince George's County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Prince George's County, median monthly gross rent as a fraction of median household income was 20.43% in 2019 according to the ACS.
Prince George's 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% |
| Prince George's County MD | 20.43% | -0.66% | -0.59% |
Trends in Prince George's County MD Rent as a Fraction of Income
The fraction of median Prince George's County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 21.55%. Since then it has fallen by 1.12% to 20.43%.
Fraction of Income towards Rent: Prince George's County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Prince George's County Maryland
| Date | US | Maryland | Prince George's County MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 20.43% |
| 2018 | 20.50% | 19.76% | 21.09% |
| 2017 | 20.13% | 19.86% | 21.03% |
| 2016 | 20.43% | 19.97% | 21.02% |
| 2015 | 20.63% | 20.22% | 21.55% |
| 2014 | 20.89% | 20.15% | 21.53% |
| 2013 | 20.78% | 20.03% | 21.00% |
| 2012 | 20.65% | 19.74% | 21.00% |
| 2011 | 20.70% | 19.76% | 20.14% |
| 2010 | 20.50% | 19.71% | 20.26% |
| 2009 | 20.12% | 19.19% | 19.73% |
| 2007 | 18.66% | 17.63% | 18.55% |
| 2005 | 18.89% | 17.36% | 18.54% |
Renter Fraction in Prince George's County Maryland
You can calculate the renter fraction in Prince George's 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 Prince George's County as a fraction of total Prince George's County households. In 2019 37.39% of households were renters according to Census ACS data.
Prince George's 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% |
| Prince George's County MD | 37.39% | -0.16% | -1.90% |
Trends in the Prince George's County MD Renter Fraction
The Prince George's County household renter fraction peaked in in 2014 at 39.58% and is now 2.19% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Prince George's County MD, Maryland, US
History of Prince George's County Renter Fraction
| Date | US | Maryland | Prince George's County MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 37.39% |
| 2018 | 36.05% | 33.09% | 37.55% |
| 2017 | 36.13% | 33.29% | 38.07% |
| 2016 | 36.88% | 34.11% | 39.29% |
| 2015 | 36.97% | 34.06% | 38.66% |
| 2014 | 36.90% | 34.11% | 39.58% |
| 2013 | 36.50% | 33.53% | 38.93% |
| 2012 | 36.09% | 33.54% | 39.13% |
| 2011 | 35.42% | 32.66% | 36.90% |
| 2010 | 34.65% | 32.96% | 37.29% |
| 2009 | 34.13% | 31.44% | 37.07% |
| 2007 | 32.80% | 30.08% | 34.91% |
| 2005 | 33.10% | 31.02% | 35.89% |
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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