How many renters live in Leonardtown, Maryland?
The City of Leonardtown has people living in households.
There are renters living in renter households in this City. Renters make up 30.96 percent of the population living in Leonardtown.
What is the rental market like in Leonardtown, Maryland?
There are an estimated housing units in the Leonardtown area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Leonardtown, Maryland, there are 1.02 rental units.
What is the vacancy rate for rentals in Leonardtown?
The rental vacancy rate in Leonardtown is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Leonardtown for each bedroom size?
Occupied Rental Units by Size in Leonardtown
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 74 | 136 | 383 | 11 | 75 |
Occupied Rental Units by Size in Leonardtown
A large number of apartments in Leonardtown have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Leonardtown
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,470 to $2,662. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,470 |
| One BR | $1,492 |
| Two BR | $1,755 |
| Three BR | $2,277 |
| Four BR | $2,662 |
2024 Fair Market Rents in Leonardtown, Maryland
How many units are rented at Fair Market Rent (FMR) in Leonardtown?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 68 | 92 percent |
| One BR | 130 | 96 percent |
| Two BR | 118 | 31 percent |
Rental Units Below FMR in Leonardtown, Maryland
How many affordable rental units are in Leonardtown?
There are a variety of federal affordable housing programs serving households in Leonardtown, Maryland including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Leonardtown, Maryland
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Leonardtown, Maryland
Leonardtown features 162 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Leonardtown, Maryland
There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leonardtown.
Housing Choice Vouchers in Leonardtown, Maryland
On average, Section 8 Housing Choice vouchers pay Leonardtown landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Leonardtown.
The maximum amount a voucher would pay on behalf of a low-income tenant in Leonardtown, Maryland for a two-bedroom apartment is between $1,580 and $1,931.
Sourced from federal housing data and AffordableHousingOnline.com research.