Augusta Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Augusta, GA (the Augusta-Richmond County metro area) was $923 in 2019 according to the Census ACS survey.1 Average gross rent in Augusta was $891 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Augusta median and average rent data will be released in September of 2021.
Data is also available below for Augusta rental vacancy rates, Augusta rent as a percent of median income and the fraction of renters in Augusta.
Real Gross Rent in Augusta Georgia (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Georgia Median Gross Rent | $1,049 | +2.24% | +7.37% |
| Augusta, GA Median Gross Rent | $923 | +5.49% | +6.95% |
Augusta, GA Real Gross Rent Trends
At $923, real median gross rent in Augusta was at its highest level in 2019 since the series began in 2005. At $891, real average gross rent in Augusta was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Augusta: Augusta GA Median, Augusta GA Average, Georgia Median, US Median
Real Gross Rent History for Augusta
| Date | US Median |
Georgia Median |
Augusta, GA Median |
Augusta, GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $923 | $891 |
| 2018 | $1,077 | $1,026 | $875 | $844 |
| 2017 | $1,043 | $988 | $839 | $821 |
| 2016 | $1,027 | $977 | $863 | $821 |
| 2015 | $1,017 | $964 | $844 | $858 |
| 2014 | $986 | $931 | $796 | $780 |
| 2013 | $953 | $895 | $815 | $800 |
| 2012 | $940 | $890 | $800 | $791 |
| 2011 | $941 | $900 | $815 | $777 |
| 2010 | $955 | $915 | $787 | $754 |
| 2009 | $960 | $912 | $769 | $754 |
| 2007 | $927 | $902 | $728 | $700 |
| 2005 | $910 | $886 | $768 | $721 |
Augusta Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Augusta Georgia was 11.03% according to Census ACS data.
Rental Vacancy Rate in Augusta Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Augusta, GA | 11.03% | +0.70% | +4.10% |
Trends in Augusta, GA Rental Vacancy Rate
The rental vacancy rate in Augusta peaked in 2013 at 11.30%. Since then it has fallen by 0.27% to 11.03%. Data records for this series originated in 2005. From a 2015 post peak low of 6.44%, the rental vacancy rate has increased by 4.59%.
Rental Vacancy Rate: Augusta GA, Georgia, US
Historical Rental Vacancy Rate data for Augusta
| Date | US | Georgia | Augusta, GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | 11.03% |
| 2018 | 6.15% | 7.23% | 10.33% |
| 2017 | 6.18% | 6.73% | 11.16% |
| 2016 | 5.89% | 6.15% | 6.93% |
| 2015 | 5.85% | 6.47% | 6.44% |
| 2014 | 6.32% | 8.17% | 9.57% |
| 2013 | 6.49% | 9.26% | 11.30% |
| 2012 | 6.77% | 9.53% | 8.24% |
| 2011 | 7.40% | 10.72% | 7.68% |
| 2010 | 8.17% | 11.72% | 8.83% |
| 2009 | 8.43% | 12.32% | 7.33% |
| 2007 | 7.87% | 10.54% | 8.57% |
| 2005 | 7.74% | 11.53% | 8.50% |
Rent as a Fraction of Income
Using median household income data for Augusta, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Augusta, median monthly gross rent as a fraction of median household income was 20.09% in 2019 according to the ACS.
Augusta Georgia Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Georgia | 20.31% | -0.28% | -0.59% |
| Augusta, GA | 20.09% | +0.52% | -0.28% |
Trends in Augusta, GA Rent as a Fraction of Income
The fraction of median Augusta household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 21.02%. Since then it has fallen by 0.93% to 20.09%.
Fraction of Income towards Rent: Augusta GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Augusta Georgia
| Date | US | Georgia | Augusta, GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 20.09% |
| 2018 | 20.50% | 20.59% | 19.56% |
| 2017 | 20.13% | 20.46% | 19.35% |
| 2016 | 20.43% | 20.90% | 20.37% |
| 2015 | 20.63% | 21.29% | 19.21% |
| 2014 | 20.89% | 21.46% | 19.38% |
| 2013 | 20.78% | 21.33% | 21.02% |
| 2012 | 20.65% | 21.28% | 20.16% |
| 2011 | 20.70% | 21.73% | 19.97% |
| 2010 | 20.50% | 21.17% | 18.99% |
| 2009 | 20.12% | 20.17% | 19.22% |
| 2007 | 18.66% | 18.76% | 16.97% |
| 2005 | 18.89% | 18.66% | 17.43% |
Renter Fraction in Augusta Georgia
You can calculate the renter fraction in Augusta 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 Augusta as a fraction of total Augusta households. In 2019 31.15% of households were renters according to Census ACS data.
Augusta Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Georgia | 35.87% | -0.33% | -2.59% |
| Augusta, GA | 31.15% | -1.43% | -3.09% |
Trends in the Augusta, GA Renter Fraction
The Augusta household renter fraction peaked in in 2016 at 34.24% and is now 3.09% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Augusta GA, Georgia, US
History of Augusta Renter Fraction
| Date | US | Georgia | Augusta, GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 31.15% |
| 2018 | 36.05% | 36.20% | 32.58% |
| 2017 | 36.13% | 37.12% | 33.39% |
| 2016 | 36.88% | 38.46% | 34.24% |
| 2015 | 36.97% | 38.16% | 33.36% |
| 2014 | 36.90% | 37.77% | 33.39% |
| 2013 | 36.50% | 37.34% | 32.93% |
| 2012 | 36.09% | 36.35% | 33.66% |
| 2011 | 35.42% | 35.42% | 32.93% |
| 2010 | 34.65% | 33.83% | 32.40% |
| 2009 | 34.13% | 32.96% | 32.33% |
| 2007 | 32.80% | 31.46% | 30.71% |
| 2005 | 33.10% | 33.19% | 29.90% |
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. ↩
