Department of Numbers

Athens Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Athens, GA (the Athens-Clarke County metro area) was $799 in 2015 according to the Census ACS survey.1 Average gross rent in Athens was $803 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Athens median and average rent data will be released in September of 2017.

Data is also available below for Athens rental vacancy rates, Athens rent as a percent of median income and the fraction of renters in Athens.

Show dollars as: Nominal Real

Real Gross Rent in Athens Georgia (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Georgia Median Gross Rent $909 +3.53% +8.34%
Athens, GA Median Gross Rent $799 -1.48% +3.36%

Athens, GA Real Gross Rent Trends

Median gross rent for Athens peaked in real terms in 2014 at $811 and is now $12 (1.48%) lower. Average gross rent for Athens peaked in real terms in 2005 at $820 and is now $17 (2.07%) lower. From a recent low of 718.0 in 2011, real average gross rent has now increased by $85 (11.84%).

Real Gross Rent in Athens: Athens GA Median, Athens GA Average, Georgia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Athens

Date US
Median
Georgia
Median
Athens, GA
Median
Athens, GA
Average
2015 $959 $909 $799 $803
2014 $930 $878 $811 $811
2013 $898 $844 $741 $800
2012 $886 $839 $773 $752
2011 $887 $848 $731 $718
2010 $901 $863 $789 $809
2009 $905 $860 $794 $783
2008 $920 $879 $771 $803
2007 $874 $851 $766 $740
2006 $883 $854 $749 $789
2005 $858 $836 $794 $820

Athens Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Athens Georgia was 5.48% according to Census ACS data.

Rental Vacancy Rate in Athens Georgia

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Georgia 6.47% -1.70% -3.06%
Athens, GA 5.48% -5.27% -8.68%

Trends in Athens, GA Rental Vacancy Rate

The rental vacancy rate in Athens peaked in 2010 at 19.92%. Since then it has fallen by 14.44% to 5.48%. Data records for this series originated in 2005.

Rental Vacancy Rate: Athens GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Athens

Date US Georgia Athens, GA
2015 5.85% 6.47% 5.48%
2014 6.32% 8.17% 10.75%
2013 6.49% 9.26% 6.50%
2012 6.77% 9.53% 14.16%
2011 7.40% 10.72% 17.22%
2010 8.17% 11.72% 19.92%
2009 8.43% 12.32% 18.71%
2008 7.86% 10.89% 14.99%
2007 7.87% 10.54% 7.64%
2006 7.70% 10.33% 10.51%
2005 7.74% 11.53% 12.76%

Rent as a Fraction of Income

Using median household income data for Athens, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Athens, median monthly gross rent as a fraction of median household income was 24.81% in 2015 according to the ACS.

Athens Georgia Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Georgia 21.29% -0.17% +0.01%
Athens, GA 24.81% +1.39% +0.48%

Trends in Athens, GA Rent as a Fraction of Income

Athens renters paid 24.81% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Athens GA, Georgia, US

Percent of median household income going towards median monthly gross rent in Athens Georgia

Historical Data for Annual Rent as a Fraction of Income in Athens Georgia

Date US Georgia Athens, GA
2015 20.63% 21.29% 24.81%
2014 20.89% 21.46% 23.42%
2013 20.78% 21.33% 23.42%
2012 20.65% 21.28% 24.33%
2011 20.70% 21.73% 22.28%
2010 20.50% 21.17% 22.25%
2009 20.12% 20.17% 22.74%
2008 19.00% 18.57% 20.02%
2007 18.66% 18.76% 20.37%
2006 18.90% 18.91% 21.10%
2005 18.89% 18.66% 23.14%

Renter Fraction in Athens Georgia

You can calculate the renter fraction in Athens in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Athens as a fraction of total Athens households. In 2015 46.54% of households were renters according to Census ACS data.

Athens Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Georgia 38.16% +0.39% +1.81%
Athens, GA 46.54% -2.04% +2.66%

Trends in the Athens, GA Renter Fraction

The Athens household renter fraction peaked in in 2014 at 48.58% and is now 2.04% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Athens GA, Georgia, US

Fraction of renters in Athens

History of Athens Renter Fraction

Date US Georgia Athens, GA
2015 36.97% 38.16% 46.54%
2014 36.90% 37.77% 48.58%
2013 36.50% 37.34% 48.48%
2012 36.09% 36.35% 43.88%
2011 35.42% 35.42% 43.41%
2010 34.65% 33.83% 40.88%
2009 34.13% 32.96% 40.56%
2008 33.36% 32.55% 40.85%
2007 32.80% 31.46% 40.23%
2006 32.73% 32.33% 43.08%
2005 33.10% 33.19% 44.93%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.