Department of Numbers

Wicomico County Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Wicomico County MD was $957 in 2017 according to the Census ACS survey.1 Average gross rent in Wicomico County was $972 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 Wicomico County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Wicomico 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%
Wicomico County MD Median Gross Rent $957 -9.97% -13.16%

Wicomico County MD Real Gross Rent Trends

Median gross rent for Wicomico County peaked in real terms in 2014 at $1,102 and is now $145 (13.16%) lower. Average gross rent for Wicomico County peaked in real terms in 2014 at $1,125 and is now $153 (13.60%) lower.

Real Gross Rent: Wicomico County MD Median, Wicomico County MD Average, Maryland Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Wicomico County

Date US
Median
Maryland
Median
Wicomico County MD
Median
Wicomico County MD
Average
2017 $1,012 $1,337 $957 $972
2016 $996 $1,334 $1,063 $1,019
2015 $987 $1,315 $1,061 $1,012
2014 $956 $1,272 $1,102 $1,125
2013 $924 $1,236 $975 $906
2012 $912 $1,207 $946 $892
2011 $912 $1,208 $1,011 $962
2010 $927 $1,226 $974 $970
2009 $931 $1,225 $1,060 $1,007
2008 $947 $1,234 $1,065 $1,007
2007 $899 $1,139 $1,028 $963
2006 $909 $1,135 $1,004 $947

Wicomico County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Wicomico County Maryland was 11.11% according to Census ACS data.

Rental Vacancy Rate in Wicomico County Maryland

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maryland 5.94% +0.40% -0.89%
Wicomico County MD

Trends in Wicomico County MD Rental Vacancy Rate

The rental vacancy rate in Wicomico County peaked in 2010 at 11.46%. Since then it has fallen by 0.35% to 11.11%. Data records for this series originated in 2005. From a 2012 post peak low of 4.65%, the rental vacancy rate has increased by 6.46%.

Rental Vacancy Rate: Wicomico County MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for Wicomico County

Date US Maryland Wicomico County MD
2017 6.18% 5.94%
2016 5.89% 5.54% 11.11%
2015 5.85% 5.65% 6.29%
2014 6.32% 6.83% 6.66%
2013 6.49% 6.96%
2012 6.77% 6.99% 4.65%
2011 7.40% 7.10% 5.51%
2010 8.17% 7.53% 11.46%
2009 8.43% 9.09% 6.25%
2008 7.86% 8.81% 6.33%
2007 7.87% 8.78%
2006 7.70% 7.64%

Rent as a Fraction of Income

Using median household income data for Wicomico County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wicomico County, median monthly gross rent as a fraction of median household income was 21.24% in 2017 according to the ACS.

Wicomico 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%
Wicomico County MD 21.24% -3.48% -2.93%

Trends in Wicomico County MD Rent as a Fraction of Income

The fraction of median Wicomico County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 24.71%. Since then it has fallen by 3.48% to 21.24%.

Fraction of Income towards Rent: Wicomico County MD, Maryland, US

Percent of median household income going towards median monthly gross rent in Wicomico County Maryland

Historical Data for Annual Rent as a Fraction of Income in Wicomico County Maryland

Date US Maryland Wicomico County MD
2017 20.13% 19.86% 21.24%
2016 20.43% 19.97% 24.71%
2015 20.63% 20.22% 22.58%
2014 20.89% 20.15% 24.17%
2013 20.78% 20.03% 23.44%
2012 20.65% 19.74% 21.39%
2011 20.70% 19.76% 24.64%
2010 20.50% 19.71% 21.61%
2009 20.12% 19.19% 24.34%
2008 19.00% 18.27% 22.62%
2007 18.66% 17.63% 20.76%
2006 18.90% 17.55% 21.28%

Renter Fraction in Wicomico County Maryland

You can calculate the renter fraction in Wicomico 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 Wicomico County as a fraction of total Wicomico County households. In 2017 43.08% of households were renters according to Census ACS data.

Wicomico 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%
Wicomico County MD 43.08% +3.30% +4.84%

Trends in the Wicomico County MD Renter Fraction

At 43.08%, the 2017 household based renter fraction in Wicomico County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Wicomico County MD, Maryland, US

Fraction of renters in Wicomico County

History of Wicomico County Renter Fraction

Date US Maryland Wicomico County MD
2017 36.13% 33.29% 43.08%
2016 36.88% 34.11% 39.78%
2015 36.97% 34.06% 41.17%
2014 36.90% 34.11% 38.24%
2013 36.50% 33.53% 37.97%
2012 36.09% 33.54% 37.20%
2011 35.42% 32.66% 33.42%
2010 34.65% 32.96% 37.57%
2009 34.13% 31.44% 36.57%
2008 33.36% 30.53% 35.80%
2007 32.80% 30.08% 36.12%
2006 32.73% 30.57% 32.39%

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.