Department of Numbers

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.

Show dollars as: Nominal Real

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

Lower quartile, median and upper quartile real gross rent

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

more history ...

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

Rental vacancy rate in Maryland

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%

more history ...

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

Percent of median household income going towards median monthly gross rent in Prince George's County Maryland

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%

more history ...

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

Fraction of renters in Prince George's County

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%

more history ...

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.