Baltimore County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Baltimore County MD was $1,326 in 2019 according to the Census ACS survey.1 Average gross rent in Baltimore County was $1,319 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 Baltimore County median and average rent data will be released in September of 2021.
Data is also available below for Baltimore County rental vacancy rates, Baltimore County rent as a percent of median income and the fraction of renters in Baltimore County.
Real Gross Rent in Baltimore 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% |
| Baltimore County MD Median Gross Rent | $1,326 | +3.76% | +1.53% |
Baltimore County MD Real Gross Rent Trends
At $1,326, real median gross rent in Baltimore County was at its highest level in 2019 since the series began in 2005. Average gross rent for Baltimore County peaked in real terms in 2017 at $1,327 and is now $8 (0.60%) lower.
Real Gross Rent: Baltimore County MD Median, Baltimore County MD Average, Maryland Median, US Median
Real Gross Rent History for Baltimore County
| Date | US Median |
Maryland Median |
Baltimore County MD Median |
Baltimore County MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,326 | $1,319 |
| 2018 | $1,077 | $1,396 | $1,278 | $1,294 |
| 2017 | $1,043 | $1,379 | $1,284 | $1,327 |
| 2016 | $1,027 | $1,376 | $1,306 | $1,315 |
| 2015 | $1,017 | $1,356 | $1,272 | $1,276 |
| 2014 | $986 | $1,311 | $1,232 | $1,231 |
| 2013 | $953 | $1,274 | $1,203 | $1,226 |
| 2012 | $940 | $1,245 | $1,188 | $1,185 |
| 2011 | $941 | $1,245 | $1,179 | $1,209 |
| 2010 | $955 | $1,264 | $1,197 | $1,229 |
| 2009 | $960 | $1,263 | $1,214 | $1,226 |
| 2007 | $927 | $1,175 | $1,121 | $1,118 |
| 2005 | $910 | $1,114 | $1,069 | $1,088 |
Baltimore 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 Baltimore County Maryland was 8.10% according to Census ACS data.
Rental Vacancy Rate in Baltimore County Maryland
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| Baltimore County MD | 8.10% | -0.95% | +1.69% |
Trends in Baltimore County MD Rental Vacancy Rate
The rental vacancy rate in Baltimore County peaked in 2018 at 9.05%. Since then it has fallen by 0.95% to 8.10%. Data records for this series originated in 2005.
Rental Vacancy Rate: Baltimore County MD, Maryland, US
Historical Rental Vacancy Rate data for Baltimore County
| Date | US | Maryland | Baltimore County MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | 8.10% |
| 2018 | 6.15% | 6.56% | 9.05% |
| 2017 | 6.18% | 5.94% | 4.25% |
| 2016 | 5.89% | 5.54% | 6.41% |
| 2015 | 5.85% | 5.65% | 6.43% |
| 2014 | 6.32% | 6.83% | 6.12% |
| 2013 | 6.49% | 6.96% | 5.99% |
| 2012 | 6.77% | 6.99% | 6.41% |
| 2011 | 7.40% | 7.10% | 5.52% |
| 2010 | 8.17% | 7.53% | 5.11% |
| 2009 | 8.43% | 9.09% | 7.48% |
| 2007 | 7.87% | 8.78% | 6.16% |
| 2005 | 7.74% | 6.14% | 5.66% |
Rent as a Fraction of Income
Using median household income data for Baltimore County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Baltimore County, median monthly gross rent as a fraction of median household income was 20.57% in 2019 according to the ACS.
Baltimore 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% |
| Baltimore County MD | 20.57% | +0.80% | 0.00% |
Trends in Baltimore County MD Rent as a Fraction of Income
The fraction of median Baltimore County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.47%. Since then it has fallen by 0.90% to 20.57%.
Fraction of Income towards Rent: Baltimore County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Baltimore County Maryland
| Date | US | Maryland | Baltimore County MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 20.57% |
| 2018 | 20.50% | 19.76% | 19.77% |
| 2017 | 20.13% | 19.86% | 20.24% |
| 2016 | 20.43% | 19.97% | 20.57% |
| 2015 | 20.63% | 20.22% | 20.92% |
| 2014 | 20.89% | 20.15% | 20.52% |
| 2013 | 20.78% | 20.03% | 21.15% |
| 2012 | 20.65% | 19.74% | 21.47% |
| 2011 | 20.70% | 19.76% | 21.00% |
| 2010 | 20.50% | 19.71% | 20.55% |
| 2009 | 20.12% | 19.19% | 19.69% |
| 2007 | 18.66% | 17.63% | 18.82% |
| 2005 | 18.89% | 17.36% | 18.23% |
Renter Fraction in Baltimore County Maryland
You can calculate the renter fraction in Baltimore 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 Baltimore County as a fraction of total Baltimore County households. In 2019 34.45% of households were renters according to Census ACS data.
Baltimore 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% |
| Baltimore County MD | 34.45% | +1.08% | -1.25% |
Trends in the Baltimore County MD Renter Fraction
The Baltimore County household renter fraction peaked in in 2016 at 35.70% and is now 1.25% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Baltimore County MD, Maryland, US
History of Baltimore County Renter Fraction
| Date | US | Maryland | Baltimore County MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 34.45% |
| 2018 | 36.05% | 33.09% | 33.37% |
| 2017 | 36.13% | 33.29% | 34.40% |
| 2016 | 36.88% | 34.11% | 35.70% |
| 2015 | 36.97% | 34.06% | 33.99% |
| 2014 | 36.90% | 34.11% | 35.15% |
| 2013 | 36.50% | 33.53% | 33.98% |
| 2012 | 36.09% | 33.54% | 34.08% |
| 2011 | 35.42% | 32.66% | 34.38% |
| 2010 | 34.65% | 32.96% | 34.73% |
| 2009 | 34.13% | 31.44% | 32.94% |
| 2007 | 32.80% | 30.08% | 31.19% |
| 2005 | 33.10% | 31.02% | 31.71% |
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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