Phelps Corner, MD

Rent in Phelps Corner

Median Gross Rent

$1,672

Rent-to-Income Ratio

29.3%

Renter Share

50.4%

Median Renter Income

$73,446

Avg Household Size

2

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $1,646
2 Bedrooms: $1,687
3 Bedrooms: $1,866

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 0.0%
$1,000-$1,500: 26.2%
$1,500-$2,000: 65.5%
$2,000-$2,500: 2.9%
$2,500+: 2.9%
No Cash Rent: 2.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 29.0%
20-30% (moderate): 20.3%
30-50% (cost-burdened): 39.8%
50%+ (severely cost-burdened): 8.3%
Not Computed: 2.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $90,956
Renter Households: $73,446

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 0.0%
$1,000-$1,500: 32.8%
$1,500-$2,000: 59.7%
$2,000-$2,500: 2.0%
$2,500+: 2.9%
No Cash Rent: 2.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources