Capitol Heights Town, Maryland Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Capitol Heights Town, Maryland rental market.
Capitol Heights Town, Maryland
Average Apartment Rent
$1,677
Y-o-Y Change in Average
Apartment Rent
7.6%
As of November 2024
Compared to a year ago, Capitol Heights Town, Maryland apartments have recorded a 7.6% rent increase.
Capitol Heights Town, Maryland Average apartment rent trend
Capitol Heights Town, Maryland Average Apartment Rent
Capitol Heights Town, Maryland Apartment rent ranges
At 68.14%, apartments priced $1,500 - $2,000 represent the bulk of Capitol Heights Town, Maryland rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.17%.
Capitol Heights Town, Maryland Housing tenure**
Renters take up 27% of Capitol Heights Town, Maryland real estate, occupying a total of 350 units, while homeowners live in 932 properties.
Median number of rooms of renter-occupied housing units**
5.6
Renter median household income**
$80,625
Average household size of renter-occupied housing units**
2.59
Rental vacancy rate**
7.7%
Capitol Heights Town, Maryland Renter-occupied housing units by no. of bedrooms**
There are 181 rentals in Capitol Heights Town, Maryland with 3 beds making up the highest share of the market, at 52%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 11 units. Overall, the median number of rooms in Capitol Heights Town, Maryland homes for rent is 5.6.
Capitol Heights Town, Maryland Renter-occupied units by age of householder**
Most condos for rent in Capitol Heights Town, Maryland are occupied by residents in the 65 - 74 years age group (27%), followed by those in the 25 - 34 years age group (27%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 2%.
Capitol Heights Town, Maryland Renter-occupied housing units by family type**
Capitol Heights Town, Maryland Renter-occupied housing units by the presence of own children**
A total of 205 apartments for rent in Capitol Heights Town, Maryland, or 59% of all rentals are family households. Additionally, 41% of rental homes include children under the age of 18 – that’s 144 units. All in all, the median size of a renter-occupied household in Capitol Heights Town, Maryland is 2.59.
Capitol Heights Town, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Capitol Heights Town, Maryland.
Capitol Heights Town, Maryland Renter-occupied units by year structure built**
The highest share of Capitol Heights Town, Maryland apartment rentals, namely 22% or 77 units, were Built 1950 - 1959, followed by those Built 1980 - 1989 (19%, 67 units), and the ones Built 1990 - 1999 (17%, 59 units).
Capitol Heights Town, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Capitol Heights Town, Maryland renters (48%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Capitol Heights Town, Maryland condos for rent is 2014.
Capitol Heights Town, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Capitol Heights Town, Maryland renters have 2 vehicles available per household, 29% of them have 1 vehicle available, and 24% have No vehicle available.
Capitol Heights Town, Maryland Means of transportation to work of householders living in renter-occupied housing units**
Capitol Heights Town, Maryland Geographical mobility in the past year for householders living in renter-occupied housing units**
Capitol Heights Town, Maryland Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Capitol Heights Town, Maryland apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
