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Apartment Rents (1990 To 2006) : Montgomery County, Maryland

Apartment rents in Montgomery County, Maryland increased steadily from 1990 to 2006 for efficiencies, 1 bedroom, 2 bedroom, 3 bedroom, and 4+ bedroom units. The document shows the average turnover rent for market rate apartments across different unit sizes in each year, with rents generally rising $100-200 per year. By 2006, average rents had increased by over $400 for efficiencies and over $900 for 4+ bedroom units compared to 1990 levels.

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17 views

Apartment Rents (1990 To 2006) : Montgomery County, Maryland

Apartment rents in Montgomery County, Maryland increased steadily from 1990 to 2006 for efficiencies, 1 bedroom, 2 bedroom, 3 bedroom, and 4+ bedroom units. The document shows the average turnover rent for market rate apartments across different unit sizes in each year, with rents generally rising $100-200 per year. By 2006, average rents had increased by over $400 for efficiencies and over $900 for 4+ bedroom units compared to 1990 levels.

Uploaded by

Planning Docs
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Apartment Rents (1990 to 2006)

Average Turnover Rent, Market Rate Units


Montgomery County, Maryland

Year Efficiency 1 bedroom 2 bedroom 3 bedroom 4+ bedroom


1990 $564 $648 $746 $883 $966
1991 576 661 760 902 961
1992 578 670 771 903 1,004
1993 583 677 778 923 1,011
1994 595 685 794 937 1,033
1995* n/a n/a n/a n/a n/a
1996 630 713 820 969 1,117
1997 642 726 836 993 1,160
1998 664 747 861 1,049 1,158
1999 679 787 894 1,091 1,210
2000 729 846 965 1,167 1,317
2001 815 929 1,076 1,296 1,475
2002 849 970 1,120 1,396 1,541
2003 869 990 1,162 1,448 1,612
2004 887 1,027 1,211 1,526 1,708
2005 931 1,036 1,224 1,531 1,812
2006 987 1,073 1,267 1,608 1,869

*No survey was taken in 1995.


Source: Montgomery County Department of Housing and Community Development, Rental Apartment Vacancy
Report; M-NCPPC, Research & Technology Center. Updated March, 2007.

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