St. Mary's County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in St. Mary's County MD was $1,370 in 2019 according to the Census ACS survey.1 Average gross rent in St. Mary's County was $1,260 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 St. Mary's County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in St. Mary'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% |
| St. Mary's County MD Median Gross Rent | $1,370 | +6.28% | -7.12% |
St. Mary's County MD Real Gross Rent Trends
Median gross rent for St. Mary's County peaked in real terms in 2016 at $1,475 and is now $105 (7.12%) lower. Average gross rent for St. Mary's County peaked in real terms in 2016 at $1,502 and is now $242 (16.11%) lower.
Real Gross Rent: St. Mary's County MD Median, St. Mary's County MD Average, Maryland Median, US Median
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 |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,370 | $1,260 |
| 2018 | $1,077 | $1,396 | $1,289 | $1,331 |
| 2017 | $1,043 | $1,379 | $1,265 | $1,270 |
| 2016 | $1,027 | $1,376 | $1,475 | $1,502 |
| 2015 | $1,017 | $1,356 | $1,444 | $1,359 |
| 2014 | $986 | $1,311 | $1,305 | $1,289 |
| 2013 | $953 | $1,274 | $1,119 | $1,130 |
| 2012 | $940 | $1,245 | $1,382 | $1,321 |
| 2011 | $941 | $1,245 | $1,397 | $1,250 |
| 2010 | $955 | $1,264 | $1,349 | $1,240 |
| 2009 | $960 | $1,263 | $1,202 | $1,232 |
| 2007 | $927 | $1,175 | $1,384 | $1,224 |
| 2005 | $910 | $1,114 | $1,034 | $946 |
St. Mary'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 St. Mary's County Maryland was 11.67% according to Census ACS data.
Rental Vacancy Rate in St. Mary's County Maryland
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| St. Mary's County MD | 11.67% | +2.28% | — |
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 0.82% to 11.67%. Data records for this series originated in 2005.
Rental Vacancy Rate: St. Mary's County MD, Maryland, US
Historical Rental Vacancy Rate data for St. Mary's County
| Date | US | Maryland | St. Mary's County MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | 11.67% |
| 2018 | 6.15% | 6.56% | 9.39% |
| 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% | — |
| 2007 | 7.87% | 8.78% | 9.32% |
| 2005 | 7.74% | 6.14% | — |
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 18.69% in 2019 according to the ACS.
St. Mary'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% |
| St. Mary's County MD | 18.69% | +2.22% | -2.93% |
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 2.93% to 18.69%.
Fraction of Income towards Rent: St. Mary's County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in St. Mary's County Maryland
| Date | US | Maryland | St. Mary's County MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 18.69% |
| 2018 | 20.50% | 19.76% | 16.47% |
| 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% |
| 2007 | 18.66% | 17.63% | 18.66% |
| 2005 | 18.89% | 17.36% | 15.77% |
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 2019 27.67% of households were renters according to Census ACS data.
St. Mary'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% |
| St. Mary's County MD | 27.67% | -1.27% | -4.59% |
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 4.59% below that level. The origin year for the series is 2005.
Fraction of Renting Households: St. Mary's County MD, Maryland, US
History of St. Mary's County Renter Fraction
| Date | US | Maryland | St. Mary's County MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 27.67% |
| 2018 | 36.05% | 33.09% | 28.94% |
| 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% |
| 2007 | 32.80% | 30.08% | 27.36% |
| 2005 | 33.10% | 31.02% | 26.91% |
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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