Carroll County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Carroll County MD was $1,098 in 2019 according to the Census ACS survey.1 Average gross rent in Carroll County was $1,141 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 Carroll County median and average rent data will be released in September of 2021.
Data is also available below for Carroll County rental vacancy rates, Carroll County rent as a percent of median income and the fraction of renters in Carroll County.
Real Gross Rent in Carroll 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% |
| Carroll County MD Median Gross Rent | $1,098 | +1.57% | +2.52% |
Carroll County MD Real Gross Rent Trends
Median gross rent for Carroll County peaked in real terms in 2008 at $1,226 and is now $128 (10.44%) lower. Average gross rent for Carroll County peaked in real terms in 2015 at $1,224 and is now $83 (6.78%) lower.
Real Gross Rent: Carroll County MD Median, Carroll County MD Average, Maryland Median, US Median
Real Gross Rent History for Carroll County
| Date | US Median |
Maryland Median |
Carroll County MD Median |
Carroll County MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,098 | $1,141 |
| 2018 | $1,077 | $1,396 | $1,081 | $1,048 |
| 2017 | $1,043 | $1,379 | $1,181 | $1,140 |
| 2016 | $1,027 | $1,376 | $1,071 | $1,001 |
| 2015 | $1,017 | $1,356 | $1,167 | $1,224 |
| 2014 | $986 | $1,311 | $1,138 | $1,190 |
| 2013 | $953 | $1,274 | $1,104 | $1,110 |
| 2012 | $940 | $1,245 | $1,065 | $1,069 |
| 2011 | $941 | $1,245 | $1,138 | $1,092 |
| 2010 | $955 | $1,264 | $1,106 | $1,026 |
| 2009 | $960 | $1,263 | $1,043 | $1,091 |
| 2007 | $927 | $1,175 | $1,009 | $976 |
| 2005 | $910 | $1,114 | $928 | $896 |
Historical Rental Vacancy Rate data for Carroll County
| Date | US | Maryland | Carroll County MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | — |
| 2018 | 6.15% | 6.56% | — |
| 2017 | 6.18% | 5.94% | — |
| 2016 | 5.89% | 5.54% | — |
| 2015 | 5.85% | 5.65% | 4.80% |
| 2014 | 6.32% | 6.83% | — |
| 2013 | 6.49% | 6.96% | — |
| 2012 | 6.77% | 6.99% | — |
| 2011 | 7.40% | 7.10% | — |
| 2010 | 8.17% | 7.53% | — |
| 2009 | 8.43% | 9.09% | — |
| 2007 | 7.87% | 8.78% | — |
| 2005 | 7.74% | 6.14% | — |
Rent as a Fraction of Income
Using median household income data for Carroll County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Carroll County, median monthly gross rent as a fraction of median household income was 12.79% in 2019 according to the ACS.
Carroll 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% |
| Carroll County MD | 12.79% | -0.29% | -0.80% |
Trends in Carroll County MD Rent as a Fraction of Income
The fraction of median Carroll County household income required to pay median monthly gross rent peaked in 2008 (relative to the 2005 series origin) at 15.79%. Since then it has fallen by 3.00% to 12.79%.
Fraction of Income towards Rent: Carroll County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Carroll County Maryland
| Date | US | Maryland | Carroll County MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 12.79% |
| 2018 | 20.50% | 19.76% | 13.08% |
| 2017 | 20.13% | 19.86% | 14.67% |
| 2016 | 20.43% | 19.97% | 13.59% |
| 2015 | 20.63% | 20.22% | 15.55% |
| 2014 | 20.89% | 20.15% | 15.17% |
| 2013 | 20.78% | 20.03% | 15.16% |
| 2012 | 20.65% | 19.74% | 15.01% |
| 2011 | 20.70% | 19.76% | 15.04% |
| 2010 | 20.50% | 19.71% | 14.47% |
| 2009 | 20.12% | 19.19% | 13.86% |
| 2007 | 18.66% | 17.63% | 12.50% |
| 2005 | 18.89% | 17.36% | 11.74% |
Renter Fraction in Carroll County Maryland
You can calculate the renter fraction in Carroll 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 Carroll County as a fraction of total Carroll County households. In 2019 17.36% of households were renters according to Census ACS data.
Carroll 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% |
| Carroll County MD | 17.36% | -0.11% | -0.95% |
Trends in the Carroll County MD Renter Fraction
The Carroll County household renter fraction peaked in in 2013 at 20.30% and is now 2.94% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Carroll County MD, Maryland, US
History of Carroll County Renter Fraction
| Date | US | Maryland | Carroll County MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 17.36% |
| 2018 | 36.05% | 33.09% | 17.47% |
| 2017 | 36.13% | 33.29% | 18.10% |
| 2016 | 36.88% | 34.11% | 18.31% |
| 2015 | 36.97% | 34.06% | 17.54% |
| 2014 | 36.90% | 34.11% | 18.54% |
| 2013 | 36.50% | 33.53% | 20.30% |
| 2012 | 36.09% | 33.54% | 18.67% |
| 2011 | 35.42% | 32.66% | 15.64% |
| 2010 | 34.65% | 32.96% | 14.77% |
| 2009 | 34.13% | 31.44% | 19.15% |
| 2007 | 32.80% | 30.08% | 16.59% |
| 2005 | 33.10% | 31.02% | 14.99% |
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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