Salisbury Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Salisbury, MD (the Salisbury metro area) was $1,027 in 2019 according to the Census ACS survey.1 Average gross rent in Salisbury was $968 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 Salisbury median and average rent data will be released in September of 2021.
Data is also available below for Salisbury rental vacancy rates, Salisbury rent as a percent of median income and the fraction of renters in Salisbury.
Real Gross Rent in Salisbury 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% |
| Salisbury, MD Median Gross Rent | $1,027 | +0.59% | +2.80% |
Salisbury, MD Real Gross Rent Trends
Median gross rent for Salisbury peaked in real terms in 2008 at $1,073 and is now $46 (4.29%) lower. Average gross rent for Salisbury peaked in real terms in 2014 at $1,025 and is now $57 (5.56%) lower.
Real Gross Rent in Salisbury: Salisbury MD Median, Salisbury MD Average, Maryland Median, US Median
Real Gross Rent History for Salisbury
| Date | US Median |
Maryland Median |
Salisbury, MD Median |
Salisbury, MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,027 | $968 |
| 2018 | $1,077 | $1,396 | $1,021 | $967 |
| 2017 | $1,043 | $1,379 | $977 | $955 |
| 2016 | $1,027 | $1,376 | $999 | $944 |
| 2015 | $1,017 | $1,356 | $1,041 | $973 |
| 2014 | $986 | $1,311 | $1,069 | $1,025 |
| 2013 | $953 | $1,274 | $987 | $880 |
| 2012 | $940 | $1,245 | $952 | $900 |
| 2011 | $941 | $1,245 | $993 | $926 |
| 2010 | $955 | $1,264 | $986 | $967 |
| 2009 | $960 | $1,263 | $1,035 | $998 |
| 2007 | $927 | $1,175 | $976 | $946 |
| 2005 | $910 | $1,114 | $884 | $823 |
Salisbury 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 Salisbury Maryland was 4.82% according to Census ACS data.
Rental Vacancy Rate in Salisbury Maryland
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| Salisbury, MD | 4.82% | +0.20% | -2.25% |
Trends in Salisbury, MD Rental Vacancy Rate
The rental vacancy rate in Salisbury peaked in 2013 at 24.59%. Since then it has fallen by 19.77% to 4.82%. Data records for this series originated in 2005.
Rental Vacancy Rate: Salisbury MD, Maryland, US
Historical Rental Vacancy Rate data for Salisbury
| Date | US | Maryland | Salisbury, MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | 4.82% |
| 2018 | 6.15% | 6.56% | 4.62% |
| 2017 | 6.18% | 5.94% | 7.30% |
| 2016 | 5.89% | 5.54% | 7.07% |
| 2015 | 5.85% | 5.65% | 9.10% |
| 2014 | 6.32% | 6.83% | 12.95% |
| 2013 | 6.49% | 6.96% | 24.59% |
| 2012 | 6.77% | 6.99% | 4.25% |
| 2011 | 7.40% | 7.10% | 6.39% |
| 2010 | 8.17% | 7.53% | 9.84% |
| 2009 | 8.43% | 9.09% | 8.61% |
| 2007 | 7.87% | 8.78% | 3.99% |
| 2005 | 7.74% | 6.14% | 4.77% |
Rent as a Fraction of Income
Using median household income data for Salisbury, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Salisbury, median monthly gross rent as a fraction of median household income was 20.11% in 2019 according to the ACS.
Salisbury 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% |
| Salisbury, MD | 20.11% | -0.22% | -0.80% |
Trends in Salisbury, MD Rent as a Fraction of Income
The fraction of median Salisbury household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 24.62%. Since then it has fallen by 4.51% to 20.11%. From a 2017 low of 19.19%, the fraction of income going to rent has increased by 0.92%.
Fraction of Income towards Rent: Salisbury MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Salisbury Maryland
| Date | US | Maryland | Salisbury, MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 20.11% |
| 2018 | 20.50% | 19.76% | 20.33% |
| 2017 | 20.13% | 19.86% | 19.19% |
| 2016 | 20.43% | 19.97% | 20.91% |
| 2015 | 20.63% | 20.22% | 21.71% |
| 2014 | 20.89% | 20.15% | 22.46% |
| 2013 | 20.78% | 20.03% | 22.48% |
| 2012 | 20.65% | 19.74% | 21.76% |
| 2011 | 20.70% | 19.76% | 24.62% |
| 2010 | 20.50% | 19.71% | 22.46% |
| 2009 | 20.12% | 19.19% | 23.78% |
| 2007 | 18.66% | 17.63% | 20.25% |
| 2005 | 18.89% | 17.36% | 19.48% |
Renter Fraction in Salisbury Maryland
You can calculate the renter fraction in Salisbury 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 Salisbury as a fraction of total Salisbury households. In 2019 26.17% of households were renters according to Census ACS data.
Salisbury 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% |
| Salisbury, MD | 26.17% | +0.19% | -0.76% |
Trends in the Salisbury, MD Renter Fraction
The Salisbury household renter fraction peaked in in 2005 at 36.26% and is now 10.09% below that level. From a recent low of 25.18% in 2017, the household based renter fraction has now grown by 0.99%. The origin year for the series is 2005.
Fraction of Renting Households: Salisbury MD, Maryland, US
History of Salisbury Renter Fraction
| Date | US | Maryland | Salisbury, MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 26.17% |
| 2018 | 36.05% | 33.09% | 25.98% |
| 2017 | 36.13% | 33.29% | 25.18% |
| 2016 | 36.88% | 34.11% | 26.93% |
| 2015 | 36.97% | 34.06% | 28.56% |
| 2014 | 36.90% | 34.11% | 27.36% |
| 2013 | 36.50% | 33.53% | 27.93% |
| 2012 | 36.09% | 33.54% | 35.66% |
| 2011 | 35.42% | 32.66% | 33.41% |
| 2010 | 34.65% | 32.96% | 36.11% |
| 2009 | 34.13% | 31.44% | 35.77% |
| 2007 | 32.80% | 30.08% | 35.93% |
| 2005 | 33.10% | 31.02% | 36.26% |
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. ↩
