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 $1,424 in 2017 according to the Census ACS survey.1 Average gross rent in Prince George's County was $1,428 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 Prince George's County median and average rent data will be released in September of 2019.

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 (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%
Prince George's County MD Median Gross Rent $1,424 +1.06% +7.23%

Prince George's County MD Real Gross Rent Trends

At $1,424, real median gross rent in Prince George's County was at its highest level in 2017 since the series began in 2005. Average gross rent for Prince George's County peaked in real terms in 2015 at $1,450 and is now $22 (1.52%) 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
2017 $1,012 $1,337 $1,424 $1,428
2016 $996 $1,334 $1,409 $1,435
2015 $987 $1,315 $1,418 $1,450
2014 $956 $1,272 $1,328 $1,364
2013 $924 $1,236 $1,288 $1,324
2012 $912 $1,207 $1,262 $1,314
2011 $912 $1,208 $1,243 $1,289
2010 $927 $1,226 $1,281 $1,337
2009 $931 $1,225 $1,271 $1,328
2008 $947 $1,234 $1,299 $1,363
2007 $899 $1,139 $1,204 $1,255
2006 $909 $1,135 $1,203 $1,252

Prince George's 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 Prince George's County Maryland was 5.22% according to Census ACS data.

Rental Vacancy Rate in Prince George's County Maryland

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maryland 5.94% +0.40% -0.89%
Prince George's County MD 5.22% -0.45% -2.35%

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 4.44% to 5.22%. Data records for this series originated in 2005.

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
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%
2008 7.86% 8.81% 8.13%
2007 7.87% 8.78% 7.54%
2006 7.70% 7.64% 6.40%

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 21.03% in 2017 according to the ACS.

Prince George's 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%
Prince George's County MD 21.03% +0.01% -0.50%

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 0.51% to 21.03%.

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
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%
2008 19.00% 18.27% 18.81%
2007 18.66% 17.63% 18.55%
2006 18.90% 17.55% 18.41%

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 2017 38.07% of households were renters according to Census ACS data.

Prince George's 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%
Prince George's County MD 38.07% -1.22% -1.51%

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 1.51% 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
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%
2008 33.36% 30.53% 34.70%
2007 32.80% 30.08% 34.91%
2006 32.73% 30.57% 35.29%

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.