Wicomico County Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Wicomico County MD was $1,051 in 2019 according to the Census ACS survey.1 Average gross rent in Wicomico County was $1,029 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 Wicomico County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Wicomico 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% |
| Wicomico County MD Median Gross Rent | $1,051 | +4.47% | -4.11% |
Wicomico County MD Real Gross Rent Trends
Median gross rent for Wicomico County peaked in real terms in 2014 at $1,136 and is now $85 (7.48%) lower. Average gross rent for Wicomico County peaked in real terms in 2014 at $1,160 and is now $131 (11.29%) lower.
Real Gross Rent: Wicomico County MD Median, Wicomico County MD Average, Maryland Median, US Median
Real Gross Rent History for Wicomico County
| Date | US Median |
Maryland Median |
Wicomico County MD Median |
Wicomico County MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $1,051 | $1,029 |
| 2018 | $1,077 | $1,396 | $1,006 | $987 |
| 2017 | $1,043 | $1,379 | $987 | $1,002 |
| 2016 | $1,027 | $1,376 | $1,096 | $1,050 |
| 2015 | $1,017 | $1,356 | $1,094 | $1,044 |
| 2014 | $986 | $1,311 | $1,136 | $1,160 |
| 2013 | $953 | $1,274 | $1,006 | $934 |
| 2012 | $940 | $1,245 | $976 | $920 |
| 2011 | $941 | $1,245 | $1,042 | $992 |
| 2010 | $955 | $1,264 | $1,005 | $1,000 |
| 2009 | $960 | $1,263 | $1,093 | $1,038 |
| 2007 | $927 | $1,175 | $1,060 | $993 |
| 2005 | $910 | $1,114 | $936 | $863 |
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
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| 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
Historical Rental Vacancy Rate data for Wicomico County
| Date | US | Maryland | Wicomico County MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | — |
| 2018 | 6.15% | 6.56% | — |
| 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% |
| 2007 | 7.87% | 8.78% | — |
| 2005 | 7.74% | 6.14% | — |
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 23.18% in 2019 according to the ACS.
Wicomico 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% |
| Wicomico County MD | 23.18% | +2.47% | -1.53% |
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 1.53% to 23.18%.
Fraction of Income towards Rent: Wicomico County MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Wicomico County Maryland
| Date | US | Maryland | Wicomico County MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 23.18% |
| 2018 | 20.50% | 19.76% | 20.71% |
| 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% |
| 2007 | 18.66% | 17.63% | 20.76% |
| 2005 | 18.89% | 17.36% | 19.72% |
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 2019 42.28% of households were renters according to Census ACS data.
Wicomico 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% |
| Wicomico County MD | 42.28% | -1.91% | +2.50% |
Trends in the Wicomico County MD Renter Fraction
The Wicomico County household renter fraction peaked in in 2018 at 44.19% and is now 1.91% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Wicomico County MD, Maryland, US
History of Wicomico County Renter Fraction
| Date | US | Maryland | Wicomico County MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 42.28% |
| 2018 | 36.05% | 33.09% | 44.19% |
| 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% |
| 2007 | 32.80% | 30.08% | 36.12% |
| 2005 | 33.10% | 31.02% | 37.37% |
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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