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Rental Insights for ZIP Code 21114 (Crofton, MD)

Housing Rentals in ZIP Code 21114 (Crofton, MD)

21114 ZIP Code in Maryland

A Detailed Snapshot of Renters in the ZIP Code 21114

The 21114 ZIP Code is predominantly located in Crofton, MD in Anne Arundel County. The median housing rent payment in this Maryland region is $1,920 per month. Approximately 21.4% of housing units in this Anne Arundel County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 1.4%.

The median rent in ZIP Code 21114 of $1,920 per month is 38% higher than the aggregate Maryland median monthly rent of $1,392, and is 81% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 44.5% of renters in ZIP Code 21114 pay between $1,500 and $1,999 per month for housing. That is 69% higher than in Maryland overall, in which 26.4% of total state residents pay between $1,500 and $1,999 per month for housing. Just 1.4% of renters in ZIP Code 21114 pay $3,000 or more for monthly rent.

ZIP Code 21114 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 21114

See the chart below for a comparison of monthly rental costs in ZIP Code 21114, Maryland, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 21114 along with those in the state of Maryland and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 21114

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 21114 Maryland U.S.
Less than $500 0.0% 7.4% 9.4%
$500 to $999 2.2% 16.2% 36.2%
$1,000 to $1,499 10.4% 34.0% 30.0%
$1,500 to $1,999 44.5% 26.4% 14.0%
$2,000 to $2,499 35.9% 10.5% 5.6%
$2,500 to $2,999 5.6% 3.4% 2.4%
$3,000 or more 1.4% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 21114

Renters in ZIP Code 21114 use an estimated 25.99% of their income to cover their monthly rent payments. That is about 14% lower than in Maryland overall. The estimate for Maryland overall is 30.05% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 21114 renters use about 13% less of their income to cover rent expense. Household income figures for ZIP Code 21114 come in higher than in Maryland as a whole. The median annual household income in ZIP Code 21114 of $122,728 sits approximately 45% higher than the overall Maryland median income of $84,805 and approximately 95% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 21114

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 21114, Maryland, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 21114 along with the same calculations in the state of Maryland and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 21114

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 21114 Maryland U.S.
Less than 15.0 percent 9.3% 11.5% 13.1%
15.0 to 19.9 percent 12.4% 12.9% 12.9%
20.0 to 24.9 percent 35.7% 13.8% 12.9%
25.0 to 29.9 percent 15.9% 12.1% 11.6%
30.0 to 34.9 percent 8.2% 9.1% 9.1%
35.0 percent or more 18.4% 40.6% 40.5%

Household Income in ZIP Code 21114

See the table below for the regional comparison of annual household income in ZIP Code 21114.

Income ZIP 21114 Maryland U.S.
Less than $10,000 0.6% 4.6% 6.0%
$10,000 to $14,999 0.3% 2.7% 4.3%
$15,000 to $24,999 1.7% 5.8% 8.9%
$25,000 to $34,999 2.3% 6.4% 8.9%
$35,000 to $49,999 4.4% 9.6% 12.3%
$50,000 to $74,999 12.2% 15.3% 17.2%
$75,000 to $99,999 14.5% 13.2% 12.7%
$100,000 to $149,999 30.0% 19.0% 15.1%
$150,000 to $199,999 15.4% 10.5% 6.8%
$200,000 or more 18.7% 12.7% 7.7%

Household Income in ZIP Code 21114

See the chart below for a comparison of annual household income figures in ZIP Code 21114, Maryland, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 21114 alongside the same figures for the state of Maryland and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 21114

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 21114.

ZIP 21114 Maryland U.S.
Median Housing Rent $1,920 $1,392 $1,062
Renter-Occupied Housing Units 21.4% 33.1% 36.0%
Rental Vacancy Rate 1.4% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.62 2.50 2.49
Average # of Bedrooms Per Unit 3.31 2.97 2.75
Percent of Income Spent on Rent 25.99% 30.05% 29.83%
Per Capita Income $51,510 $42,122 $34,103
Median Household Income $141,654 $111,417 $88,607
Living Below the Poverty Line 1.7% 6.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 21114

In ZIP Code 21114 (Crofton, MD), and estimated 21.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.4%.

The per capita income in 21114 is estimated at $51,510, which goes along with an estimated median household income of $141,654. About 1.7% of residents in this Anne Arundel County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.62 occupants, while the units have an aggregate average size of 3.31 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.99% of their income on housing rental costs.

Rental FAQs for ZIP Code 21114

1

What is the median monthly rent in ZIP Code 21114?

Median rent for housing in ZIP Code 21114 in Anne Arundel County in Maryland is approximately $1,920 per month.
2

Is it expensive to rent in ZIP Code 21114?

Rent in ZIP Code 21114 is higher than average in the state of Maryland overall. The median monthly rent of $1,920 in ZIP Code 21114 is approximately 38% higher than the Maryland median of $1,392. Additionally, median rent in this Crofton, MD region ($1,920) is about 81% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 21114?

High-priced rentals are less common in ZIP Code 21114 than in Maryland overall. The percentage of rentals in ZIP Code 21114 that cost $3,000 or more per month (1.4%) is about 33% lower than the Maryland rate of 2.1% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 42% higher than the aforementioned 21114 rate of 1.4%.
4

Are affordable rentals common in ZIP Code 21114?

Affordable rentals are less common in ZIP Code 21114 than in Maryland overall. The percentage of housing rentals in ZIP Code 21114 costing $999 or less per month (2.2%) is approximately 91% lower than the Maryland rate of 23.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 95% higher than the previously mentioned 21114 rate of 2.2%.
5

What is the most common cost range that rentals fall into in ZIP Code 21114?

The most common range for rental cost in ZIP Code 21114 is between $1,500 and $1,999 per month. About 44.5% of renters in 21114 pay in this range for monthly rent. In comparison, approximately 26.4% of renters in the state of Maryland fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 21114 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 21114 is lower than the rental vacancy rate in the state of Maryland overall. Rental vacancy of 1.4% in ZIP Code 21114 is about 77% lower than the Maryland rate of 6.0%. Looking more broadly, rental vacancy in this Crofton, MD region (1.4%) is an estimated 77% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 21114? How does it compare to other Maryland regions?

Median household income in ZIP Code 21114 is higher than in the state of Maryland overall. Annual household income of $122,728 in ZIP Code 21114 is about 45% higher than the Maryland median of $84,805. Additionally, median household income in this Crofton, MD region ($122,728) is approximately 95% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 21114 spend on housing costs?

Renters in ZIP Code 21114 spend a lower amount of their income on rent costs than do renters in Maryland overall. Renters in ZIP Code 21114 spend an estimated 25.99% of their income on rent payments, which is about 14% lower than the overall Maryland estimated rate of 30.05%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 13% higher than the ZIP Code 21114 estimated rate of 25.99%.
9

Do renters in ZIP Code 21114 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 21114 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 21114 spending 30 percent or more of their income on rent costs (26.6%) is approximately 46% lower than the Maryland rate of 49.7% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 46% higher than the aforementioned 21114 rate of 26.6%.
10

What is the average household size of renter-occupied units in ZIP Code 21114?

The average household size of renter-occupied units in ZIP Code 21114 is higher than in the state of Maryland overall. Annual household size of 2.62 in ZIP Code 21114 is about 5% higher than the Maryland median of 2.50. Additionally, median household size in this Crofton, MD region (2.62) is approximately 5% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Maryland ZIP Codes