Department of Numbers

St. Mary's County Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in St. Mary's County MD was $1,227 in 2017 according to the Census ACS survey.1 Average gross rent in St. Mary's County was $1,232 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 St. Mary's County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in St. Mary'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%
St. Mary's County MD Median Gross Rent $1,227 -14.26% -3.08%

St. Mary's County MD Real Gross Rent Trends

Median gross rent for St. Mary's County peaked in real terms in 2016 at $1,431 and is now $204 (14.26%) lower. Average gross rent for St. Mary's County peaked in real terms in 2016 at $1,456 and is now $224 (15.38%) lower.

Real Gross Rent: St. Mary's County MD Median, St. Mary's County MD Average, Maryland Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St. Mary's County

Date US
Median
Maryland
Median
St. Mary's County MD
Median
St. Mary's County MD
Average
2017 $1,012 $1,337 $1,227 $1,232
2016 $996 $1,334 $1,431 $1,456
2015 $987 $1,315 $1,400 $1,318
2014 $956 $1,272 $1,266 $1,250
2013 $924 $1,236 $1,086 $1,096
2012 $912 $1,207 $1,340 $1,281
2011 $912 $1,208 $1,354 $1,212
2010 $927 $1,226 $1,308 $1,203
2009 $931 $1,225 $1,166 $1,195
2008 $947 $1,234 $1,424 $1,372
2007 $899 $1,139 $1,342 $1,187
2006 $909 $1,135 $1,067 $937

St. Mary's County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for St. Mary's County Maryland was 8.46% according to Census ACS data.

Rental Vacancy Rate in St. Mary's County Maryland

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maryland 5.94% +0.40% -0.89%
St. Mary's County MD

Trends in St. Mary's County MD Rental Vacancy Rate

The rental vacancy rate in St. Mary's County peaked in 2013 at 12.49%. Since then it has fallen by 4.03% to 8.46%. Data records for this series originated in 2005.

Rental Vacancy Rate: St. Mary's County MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for St. Mary's County

Date US Maryland St. Mary's County MD
2017 6.18% 5.94%
2016 5.89% 5.54%
2015 5.85% 5.65% 8.46%
2014 6.32% 6.83%
2013 6.49% 6.96% 12.49%
2012 6.77% 6.99% 6.49%
2011 7.40% 7.10% 5.01%
2010 8.17% 7.53% 7.01%
2009 8.43% 9.09%
2008 7.86% 8.81% 5.37%
2007 7.87% 8.78% 9.32%
2006 7.70% 7.64% 9.39%

Rent as a Fraction of Income

Using median household income data for St. Mary'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 St. Mary's County, median monthly gross rent as a fraction of median household income was 18.07% in 2017 according to the ACS.

St. Mary'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%
St. Mary's County MD 18.07% -3.56% +0.90%

Trends in St. Mary's County MD Rent as a Fraction of Income

The fraction of median St. Mary's County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 21.62%. Since then it has fallen by 3.56% to 18.07%.

Fraction of Income towards Rent: St. Mary's County MD, Maryland, US

Percent of median household income going towards median monthly gross rent in St. Mary's County Maryland

Historical Data for Annual Rent as a Fraction of Income in St. Mary's County Maryland

Date US Maryland St. Mary's County MD
2017 20.13% 19.86% 18.07%
2016 20.43% 19.97% 21.62%
2015 20.63% 20.22% 19.18%
2014 20.89% 20.15% 17.16%
2013 20.78% 20.03% 16.31%
2012 20.65% 19.74% 18.05%
2011 20.70% 19.76% 19.00%
2010 20.50% 19.71% 16.38%
2009 20.12% 19.19% 17.47%
2008 19.00% 18.27% 18.46%
2007 18.66% 17.63% 18.66%
2006 18.90% 17.55% 15.11%

Renter Fraction in St. Mary's County Maryland

You can calculate the renter fraction in St. Mary'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 St. Mary's County as a fraction of total St. Mary's County households. In 2017 28.83% of households were renters according to Census ACS data.

St. Mary'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%
St. Mary's County MD 28.83% -3.43% -1.92%

Trends in the St. Mary's County MD Renter Fraction

The St. Mary's County household renter fraction peaked in in 2016 at 32.26% and is now 3.43% below that level. The origin year for the series is 2005.

Fraction of Renting Households: St. Mary's County MD, Maryland, US

Fraction of renters in St. Mary's County

History of St. Mary's County Renter Fraction

Date US Maryland St. Mary's County MD
2017 36.13% 33.29% 28.83%
2016 36.88% 34.11% 32.26%
2015 36.97% 34.06% 29.19%
2014 36.90% 34.11% 30.75%
2013 36.50% 33.53% 25.49%
2012 36.09% 33.54% 29.93%
2011 35.42% 32.66% 26.86%
2010 34.65% 32.96% 27.83%
2009 34.13% 31.44% 27.15%
2008 33.36% 30.53% 27.90%
2007 32.80% 30.08% 27.36%
2006 32.73% 30.57% 28.07%

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.