Harford County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Harford County MD was $1,314 in 2019 according to the Census ACS survey.1 Average gross rent in Harford County was $1,244 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 Harford County median and average rent data will be released in September of 2021.
Data is also available below for Harford County rental vacancy rates, Harford County rent as a percent of median income and the fraction of renters in Harford County.
Real Gross Rent in Harford 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% |
| Harford County MD Median Gross Rent | $1,314 | +5.71% | +9.23% |
Harford County MD Real Gross Rent Trends
At $1,314, real median gross rent in Harford County was at its highest level in 2019 since the series began in 2005. Average gross rent for Harford County peaked in real terms in 2013 at $1,257 and is now $13 (1.03%) lower.
Real Gross Rent: Harford County MD Median, Harford County MD Average, Maryland Median, US Median
Real Gross Rent History for Harford County
| Date | US Median |
Maryland Median |
Harford County MD Median |
Harford County MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,314 | $1,244 |
| 2018 | $1,077 | $1,396 | $1,243 | $1,158 |
| 2017 | $1,043 | $1,379 | $1,269 | $1,215 |
| 2016 | $1,027 | $1,376 | $1,203 | $1,156 |
| 2015 | $1,017 | $1,356 | $1,200 | $1,184 |
| 2014 | $986 | $1,311 | $1,202 | $1,143 |
| 2013 | $953 | $1,274 | $1,250 | $1,257 |
| 2012 | $940 | $1,245 | $1,167 | $1,127 |
| 2011 | $941 | $1,245 | $1,181 | $1,115 |
| 2010 | $955 | $1,264 | $1,121 | $1,069 |
| 2009 | $960 | $1,263 | $1,110 | $1,052 |
| 2007 | $927 | $1,175 | $1,103 | $1,108 |
| 2005 | $910 | $1,114 | $996 | $924 |
Harford 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 Harford County Maryland was 3.56% according to Census ACS data.
Rental Vacancy Rate in Harford County Maryland
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| Harford County MD | 3.56% | -2.52% | -2.14% |
Trends in Harford County MD Rental Vacancy Rate
The rental vacancy rate in Harford County peaked in 2008 at 7.88%. Since then it has fallen by 4.32% to 3.56%. Data records for this series originated in 2005. From a 2014 post peak low of 2.56%, the rental vacancy rate has increased by 1.00%.
Rental Vacancy Rate: Harford County MD, Maryland, US
Historical Rental Vacancy Rate data for Harford County
| Date | US | Maryland | Harford County MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | 3.56% |
| 2018 | 6.15% | 6.56% | 6.08% |
| 2017 | 6.18% | 5.94% | 5.47% |
| 2016 | 5.89% | 5.54% | 5.70% |
| 2015 | 5.85% | 5.65% | 4.68% |
| 2014 | 6.32% | 6.83% | 2.56% |
| 2013 | 6.49% | 6.96% | 7.65% |
| 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% | 6.39% |
| 2005 | 7.74% | 6.14% | — |
Rent as a Fraction of Income
Using median household income data for Harford County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Harford County, median monthly gross rent as a fraction of median household income was 17.08% in 2019 according to the ACS.
Harford 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% |
| Harford County MD | 17.08% | +0.54% | +0.70% |
Trends in Harford County MD Rent as a Fraction of Income
The fraction of median Harford County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 18.36%. Since then it has fallen by 1.28% to 17.08%.
Fraction of Income towards Rent: Harford County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Harford County Maryland
| Date | US | Maryland | Harford County MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 17.08% |
| 2018 | 20.50% | 19.76% | 16.54% |
| 2017 | 20.13% | 19.86% | 18.36% |
| 2016 | 20.43% | 19.97% | 16.38% |
| 2015 | 20.63% | 20.22% | 17.39% |
| 2014 | 20.89% | 20.15% | 17.16% |
| 2013 | 20.78% | 20.03% | 18.32% |
| 2012 | 20.65% | 19.74% | 17.18% |
| 2011 | 20.70% | 19.76% | 16.79% |
| 2010 | 20.50% | 19.71% | 16.76% |
| 2009 | 20.12% | 19.19% | 15.34% |
| 2007 | 18.66% | 17.63% | 15.57% |
| 2005 | 18.89% | 17.36% | 14.64% |
Renter Fraction in Harford County Maryland
You can calculate the renter fraction in Harford 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 Harford County as a fraction of total Harford County households. In 2019 21.96% of households were renters according to Census ACS data.
Harford 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% |
| Harford County MD | 21.96% | +1.15% | +0.64% |
Trends in the Harford County MD Renter Fraction
The Harford County household renter fraction peaked in in 2014 at 22.94% and is now 0.98% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Harford County MD, Maryland, US
History of Harford County Renter Fraction
| Date | US | Maryland | Harford County MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 21.96% |
| 2018 | 36.05% | 33.09% | 20.81% |
| 2017 | 36.13% | 33.29% | 22.80% |
| 2016 | 36.88% | 34.11% | 21.32% |
| 2015 | 36.97% | 34.06% | 22.45% |
| 2014 | 36.90% | 34.11% | 22.94% |
| 2013 | 36.50% | 33.53% | 19.45% |
| 2012 | 36.09% | 33.54% | 22.88% |
| 2011 | 35.42% | 32.66% | 19.83% |
| 2010 | 34.65% | 32.96% | 21.56% |
| 2009 | 34.13% | 31.44% | 17.86% |
| 2007 | 32.80% | 30.08% | 19.92% |
| 2005 | 33.10% | 31.02% | 21.92% |
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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