108 Apartments with pool for rent in Perry Hall, MD
November 2019 Perry Hall Rent Report
Welcome to the November 2019 Perry Hall Rent Report. Perry Hall rents increased over the past month. In this report, we'll evaluate trends in the Perry Hall rental market, including comparisons to cities throughout the metro, state, and nation.
November 2019 Perry Hall Rent Report
Welcome to the November 2019 Perry Hall Rent Report. Perry Hall rents increased over the past month. In this report, we'll evaluate trends in the Perry Hall rental market, including comparisons to cities throughout the metro, state, and nation.
Perry Hall rents increased significantly over the past month
Perry Hall rents have increased 0.5% over the past month, and are up marginally by 0.7% in comparison to the same time last year. Currently, median rents in Perry Hall stand at $1,309 for a one-bedroom apartment and $1,642 for a two-bedroom. Perry Hall's year-over-year rent growth lags the state average of 1.6%, as well as the national average of 1.4%.
Rents rising across the Baltimore Metro
Throughout the past year, rent increases have been occurring not just in the city of Perry Hall, but across the entire metro. Of the largest 10 cities that we have data for in the Baltimore metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.
- Severn has seen the fastest rent growth in the metro, with a year-over-year increase of 3.3%. The median two-bedroom there costs $1,679, while one-bedrooms go for $1,339.
- Columbia has the most expensive rents of the largest cities in the Baltimore metro, with a two-bedroom median of $1,975; rents went down 0.4% over the past month but rose 2.7% over the past year.
- Essex has the least expensive rents in the Baltimore metro, with a two-bedroom median of $1,118; rents decreased 0.8% over the past month but were up 1.4% over the past year.
Many large cities nationwide show more affordable rents compared to Perry Hall
As rents have increased marginally in Perry Hall, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Perry Hall is less affordable for renters.
- Perry Hall's median two-bedroom rent of $1,642 is above the national average of $1,191. Nationwide, rents have grown by 1.4% over the past year compared to the 0.7% rise in Perry Hall.
- While Perry Hall's rents rose marginally over the past year, many cities nationwide also saw increases, including Austin (+3.2%), Nashville (+2.9%), and Boston (+2.3%).
- Renters will generally find more expensive prices in Perry Hall than most large cities. For example, Detroit has a median 2BR rent of $894, where Perry Hall is more than one-and-a-half times that price.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.