In Capitol Heights, a household making less than $3,407 a month would be considered overburdened when renting an apartment at or above the median rent.ĥ0.78% of households who rent are overburdened in Capitol Heights. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Capitol Heights is $75,788 a year, or $6,316 a month. Income and Rent Overburden in Capitol Heights 22.72% of households in Capitol Heights are renters. There are 1,413 households in the city with an average household size of 3.16 persons. ± 14.87pp Total Population 4,482 Population and Household DemographicsĬapitol Heights is a city in Prince Georges County, Maryland with a population of 4,482. ±$518 Percentage Of Renters Overburdened 50.78% Total Affordable Apartment Properties 7 Total Low Income Apartments 615 Total Housing Units with Rental Assistance 253 Percentage of Housing Units Occupied By Renters 22.72% Average Renter Household Size 2.98 Average Household Size 3.16 Median Household Income $75,788 ![]() Sourced from federal housing data and research.Ĭapitol Heights, MD Affordable Housing Snapshot Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program. 2023 Capitol Heights, Maryland Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Capitol Heights, Maryland for a two-bedroom apartment is between $1,654 and $2,022. The average voucher holder contributes $700 towards rent in Capitol Heights. On average, Section 8 Housing Choice vouchers pay Capitol Heights landlords $1,200 per month towards rent. Housing Choice Vouchers in Capitol Heights, Maryland There are 362 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Capitol Heights. Low Rent Apartments in Capitol Heights, Maryland ![]() Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Directly across the street is the Coral Hills Shopping Center, an 89,824 square foot shopping center with a diverse mix of complimentary tenants including Family Dollar, DaVita Dialysis, Subway, Shoppers and AutoZone.Capitol Heights, Maryland Affordable Housing Data Income Based Apartments in Capitol Heights, MarylandĬapitol Heights features 253 income based apartments. This infill area has approximately 80,000 households within a 3-mile radius. The property is located in a densely populated neighborhood, just 5 miles from the US Capitol building and the heart of Washington DC with over 6.4 Million residents. At under $19.52 per square foot, CVS is paying well below the current market rent of $25.75 providing strong real estate fundamentals. There are a total of four 5-year options remaining on the lease. CVS has been operating successfully at this location for over 27 years and has renewed each of its first two option periods at escalated rents. Pharma Property Group is pleased to market for sale the CVS property located at 4840 Marlboro Pike in Capitol Heights, Maryland ("The Property").ĬVS has just over 3 years remaining on the initial term with a rental increase of 4.8% coming at the next option in November of 2026.
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