TenantureLeasing Agent

Latest available · Census ACS 5-Year (2024)

What Is the Average Rent in Somerset County, Maryland?

$1,013/month 8%vs 2023 ($938)

County · Census ACS 5-Year estimates

The median gross rent in Somerset County, Maryland is $1,013/month (±$79), based on Census ACS 5-Year estimates (2024). The median home value is $173,200 (±$13,009), and the median household income is $64,943/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.

Average Rent in Somerset County, Maryland and Neighbouring Counties

Somerset County: $1,013$1,013

Housing Metrics for Somerset County, Maryland

MetricValue
Median Gross Rent$1,013
Median Home Value$173,200
Median Household Income$64,943
Total Housing Units8,348
Renter-Occupied Units2,244
Renter-Occupied Share27%
Households Paying 50%+ Income480 households

Median Rent by Bedroom Count

BedroomMedian RentYoY
Studio$1,060+29.4%
1 BR$781+2.1%
2 BR$998+5.2%
3 BR$1,243+11.1%
4 BR$941-26.9%

How does Somerset County, Maryland compare?

Median gross rent ranked against all counties in Maryland.

Higher rent than 13% of counties in Maryland · 22th of 24

Cheapest: Somerset County($1,013)
Priciest: Howard County($2,099)
#CountyValue
1Howard County$2,099
2Anne Arundel County$2,071
3Montgomery County$2,068
… 18 more …
22Somerset County(you are here)$1,013
23Allegany County$805
24Garrett County$765

Frequently asked questions

What is the average rent in Somerset County, Maryland?

The median gross rent in Somerset County, Maryland is $1,013/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.

What is the average rent for a 2-bedroom in Somerset County, Maryland?

The median rent for a 2-bedroom in Somerset County, Maryland is $998/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$110. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.

What is the median home value in Somerset County, Maryland?

The median home value in Somerset County, Maryland is $173,200 according to Census ACS 5-Year estimates (2024).

What percentage of renters in Somerset County are rent-burdened?

In Somerset County, Maryland, 480 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.

What is the median household income in Somerset County, Maryland?

The median household income in Somerset County, Maryland is $64,943/year according to Census ACS 5-Year estimates (2024).

How reliable is Census ACS data for small areas?

The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,013 has a margin of error of ±$79. In very small areas, MOEs can be large relative to the estimate.

Managing rental properties?

Tenanture helps property managers reply to every inbound lead, qualify applicants against your rules, and handle tenant inquiries automatically.

Get started free
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau. Data from the American Community Survey (ACS) 5-Year Estimates, public domain.