--- title: "Southern Maryland Rental Rates Rise Over 3% Since Last Quarter" description: "Real Property Management and RentRange, the nation’s leading provider of Rental Market Intelligence™, released their quarterly rental statistics for SOMD" url: https://realpmgold.multisites.ai/southern-maryland-rental-rates-rise-over-3-since-last-quarter publisher: Real Property Management Gold phone: +1-301-392-2172 assessment: https://realpmgold.multisites.ai/contact-us#assessment --- # Southern Maryland Rental Rates Rise Over 3% Since Last Quarter LocalPublished August 10, 2015Updated July 23, 2024 **Rental Rates Growth Continues to Outpace Inflation** The [Real Property Management](http://www.realpropertymgt.com/) system and [RentRange](https://www.rentrange.com/), the nation’s leading provider of Rental Market Intelligence™, released their quarterly rental statistics, which show rental rates are rising more rapidly than the U.S. inflation rates. During the second quarter of 2015, the companies found that the average monthly rent for single-family homes now exceeds $1,320, up 3.3 percent since just last quarter and representing a 6.1 percent year-over-year increase. In comparison, the consumer price index grew by .2%.  The rental market data was limited to three-bedroom single-family homes in the U.S. Rental rates were up in all 10 regions analyzed. The Pacific and Northeast regions saw double-digit increases in rental rates, with 11.8 percent and 11 percent year-over-year increases, respectively. The Mid-Atlantic, (which contains Southern Maryland Charles County, Calvert County, and St.Marys County) and South-Atlantic regions showed the lowest increases with 3.1 percent and 5.2 percent increases, though the Mid-Atlantic has rental rates well above the national average, at $1,642. ## **Rental Rates and Year-over-Year Increases of 10 U.S. Regions through the Second Quarter 2015** **REGION** **Median 3 BR rent ($)** **Y-o-Y Change in 3BR rent** Pacific 1579 11.8% Northeast 1763 11.0% Southwest 996 5.8% Southeast 985 7.1% Texas 1294 8.9% California 1956 5.7% Mountain 1245 5.8% Midwest 1023 5.3% South-Atlantic 1257 5.2% Mid-Atlantic 1642 3.1% Rent increases have been accompanied by reductions in vacancy rates, the percentage of homes considered unoccupied across the U.S. The national rate fell to 5.46 percent through June, down .12 percent from a year ago. The Midwest region had the highest vacancy rate at 6.88 percent, while Texas was the lowest at 3.43 percent. The report also analyzed the rental saturation rate across the country, showing that it continues to climb and is now at 25.4 percent, compared to 23.9 percent last year. Rental saturation is the estimated percentage of rented single-family homes as a share of all single-family homes. Real Property Management and RentRange have an ongoing strategic business relationship as leaders in the rental housing industry. Real Property Management relies on RentRange’s proprietary rental housing data to provide its landlord customers with accurate, current information about local rental properties and rental markets. ## **Click the Infographic to Enlarge** [![rental rates 2nd quearter real property management](https://realpmgold.multisites.ai/media/rental-housing-statistics-2q-2015-b231eb.webp)](http://rpmmultisite.s3-us-west-2.amazonaws.com/wp-content/uploads/2015/08/Rental-Housing-Statistics-2Q_2015.jpg) ## Terms on this page - [Vacancy rate](https://realpmgold.multisites.ai/glossary/vacancy-rate) First published by Real Property Management Gold on August 10, 2015. Details may have changed since then; current rules are in the [Landlord Center](https://realpmgold.multisites.ai/landlord-center). ## Keep reading - [Indian Head Rail Trail: What the 13-Mile Trail ConnectsThe Indian Head Rail Trail is a paved trail of about 13 miles that links the Town of Indian Head with the White Plains area of Charles County. It follows a former railroad corridor through the Mattawoman Creek stream valley. Owners can cite it in a listing as a fact, with the official name and a measured distance.](https://realpmgold.multisites.ai/indian-head-rail-trail) - [Calvert Cliffs Fossils: What Maryland DNR Says About the ParkMaryland DNR states that fossils of over 600 species have been found along Calvert Cliffs. Calvert Cliffs State Park sits at 10540 H. G. Trueman Road in Lusby. DNR also warns that climbing on or walking beneath the cliffs is prohibited because of landslides, and that collecting fossils beneath the cliffs is illegal.](https://realpmgold.multisites.ai/calvert-cliffs-fossils-lusby) - [Thomas Stone National Historic Site: A Port Tobacco LandmarkThe National Park Service lists Thomas Stone as a Maryland signer of the Declaration of Independence, born in 1743 and tied to Port Tobacco in Charles County. He is buried at Thomas Stone National Historic Site, which has a mailing address of 6655 Rose Hill Road, Port Tobacco. Check the park's page for hours and tours.](https://realpmgold.multisites.ai/thomas-stone-historic-site-port-tobacco) ## Ask what your home could rent for. Free. A free rental assessment from our offices in Lexington Park and Waldorf. No cost, no contract, no pressure. [Request a free assessment](https://realpmgold.multisites.ai/contact-us#assessment)[(301) 392-2172](tel:+13013922172)