Zip codes with the fastest growing rent in Maryland
Zip codes with the fastest growing rent in Maryland
Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.
While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.
The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a "seesaw effect" on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.
Stacker compiled a list of zip codes with the fastest growing rent in Maryland using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.
#30. 20601 (Waldorf)
--- #25 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +15.4%
- Typical rent: $1,815
--- 12.3% less than typical rent in Washington, DC metro
- Pictured (for rent): 2350 Eden Woods Dr, Waldorf 20601 ($2,493)
#29. 20747 (District Heights)
--- #19 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +17.1%
- Typical rent: $1,544
--- 25.4% less than typical rent in Washington, DC metro
- Pictured (for rent): 5042 Silver Hill Ct, Forestville 20747 ($1,777)
#28. 21218 (Baltimore)
--- #17 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +10.4%
- Typical rent: $1,289
--- 24.9% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 2315 Saint Paul St, Baltimore 21218 ($1,749)
#27. 21703 (Frederick)
--- #18 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +11.8%
- Typical rent: $1,796
--- 13.2% less than typical rent in Washington, DC metro
- Pictured (for rent): 4901 Meridian Way, Frederick 21703 ($2,018)
#26. 21229 (Baltimore)
--- #16 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +6.1%
- Typical rent: $1,347
--- 21.5% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 532 Coventry Rd, Baltimore 21229 ($895)
#25. 20783 (Hyattsville)
--- #17 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +9.5%
- Typical rent: $1,385
--- 33.1% less than typical rent in Washington, DC metro
- Pictured (for rent): 1809 Fox St, Adelphi 20783 ($1,720)
#24. 21222 (Dundalk)
--- #15 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +13.4%
- Typical rent: $1,471
--- 14.3% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 8499 Lynch Rd, Dundalk 21222 ($1,655)
#23. 21702 (Frederick)
--- #15 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +12.2%
- Typical rent: $1,586
--- 23.3% less than typical rent in Washington, DC metro
- Pictured (for rent): 1420 Key Pkwy, Frederick 21702 ($1,645)
#22. 21042 (Ellicott City)
--- #14 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +6.6%
- Typical rent: $2,253
--- 31.2% above typical rent in Baltimore, MD metro
- Pictured (for rent): 3332 N Chatham Rd, Ellicott City 21042 ($1,760)
#21. 21207 (Gwynn Oak)
--- #13 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +4.0%
- Typical rent: $1,414
--- 17.6% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 1205 Saint Agnes Ln, Woodlawn 21207 ($1,012)
#20. 21114 (Crofton)
--- #12 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +11.8%
- Typical rent: $1,905
--- 10.9% above typical rent in Baltimore, MD metro
- Pictured (for rent): 1623 Parkridge Cir, Crofton 21114 ($2,020)
#19. 20746 (Suitland)
--- #13 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +10.6%
- Typical rent: $2,006
--- 3.0% less than typical rent in Washington, DC metro
- Pictured (for rent): 4401 Telfair Blvd, Camp Springs 20746 ($2,773)
#18. 21921 (Elkton)
--- #16 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +14.2%
- Typical rent: $1,307
--- 19.5% less than typical rent in Philadelphia, PA metro
- Pictured (for rent): 1600 W Creek Village Dr, Elkton 21921 ($2,650)
#17. 20782 (Hyattsville)
--- #12 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +14.3%
- Typical rent: $1,841
--- 11.0% less than typical rent in Washington, DC metro
- Pictured (for rent): 5735 29th Ave, Hyattsville 20782 ($1,753)
#16. 20707 (Laurel)
--- #8 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +13.6%
- Typical rent: $1,705
--- 17.6% less than typical rent in Washington, DC metro
- Pictured (for rent): 14720 4th St, Laurel 20707 ($2,465)
#15. 20743 (Capitol Heights)
--- #7 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +9.7%
- Typical rent: $1,493
--- 27.8% less than typical rent in Washington, DC metro
- Pictured (for rent): 5284 Marlboro Pike, Capitol Heights 20743 ($1,828)
#14. 21223 (Baltimore)
--- #11 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +10.4%
- Typical rent: $1,165
--- 32.1% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 101 N Schroeder St, Baltimore 21223 ($3,135)
#13. 21001 (Aberdeen)
--- #10 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +15.2%
- Typical rent: $1,437
--- 16.3% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 1405 Garcia Ct, Aberdeen 21001 ($2,029)
#12. 20901 (Silver Spring)
--- #6 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +7.3%
- Typical rent: $2,172
--- 5.0% above typical rent in Washington, DC metro
- Pictured (for rent): 11225 Oak Leaf Dr, Silver Spring 20901 ($1,873)
#11. 21206 (Baltimore)
--- #9 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +10.3%
- Typical rent: $1,266
--- 26.3% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 6042 Barstow Rd, Baltimore 21206 ($1,217)
#10. 20603 (Waldorf)
--- #5 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +9.4%
- Typical rent: $2,117
--- 2.3% above typical rent in Washington, DC metro
- Pictured (for rent): 10400 Odonnell Pl, Waldorf 20603 ($1,955)
#9. 21220 (Middle River)
--- #8 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +12.5%
- Typical rent: $1,832
--- 6.7% above typical rent in Baltimore, MD metro
- Pictured (for rent): 9901 Langs Rd, Middle River 21220 ($1,629)
#8. 21061 (Glen Burnie)
--- #7 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +13.3%
- Typical rent: $1,524
--- 11.2% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 201 N Crain Hwy, Glen Burnie 21061 ($1,795)
#7. 21122 (Pasadena)
--- #6 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +11.2%
- Typical rent: $1,982
--- 15.4% above typical rent in Baltimore, MD metro
- Pictured (for rent): 8017 Ashberry Ln, Pasadena 21122 ($2,000)
#6. 21212 (Baltimore)
--- #5 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +10.4%
- Typical rent: $1,548
--- 9.8% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 6306 Holly Ln, Baltimore 21212 ($970)
#5. 20744 (Fort Washington)
--- #1 fastest growing rent among zip codes in Washington, DC metro
- 5 year rent change: +17.5%
- Typical rent: $2,023
--- 2.2% less than typical rent in Washington, DC metro
- Pictured (for rent): 6801 Bock Rd, Fort Washington 20744 ($1,611)
#4. 21215 (Baltimore)
--- #4 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +11.4%
- Typical rent: $1,274
--- 25.8% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 6808 Millbrook Park Dr, Baltimore 21215 ($1,485)
#3. 21012 (Arnold)
--- #3 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +6.8%
- Typical rent: $2,018
--- 17.5% above typical rent in Baltimore, MD metro
- Pictured (for rent): 451 Shore Acres Rd, Arnold 21012 ($1,737)
#2. 21040 (Edgewood)
--- #2 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +16.7%
- Typical rent: $1,390
--- 19.0% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 802 Kingston Ct, Edgewood 21040 ($1,334)
#1. 21239 (Baltimore)
--- #1 fastest growing rent among zip codes in Baltimore, MD metro
- 5 year rent change: +17.1%
- Typical rent: $1,474
--- 14.2% less than typical rent in Baltimore, MD metro
- Pictured (for rent): 1712 Waverly Way, Baltimore 21239 ($1,750)