Bulloch County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Bulloch County GA was $817 in 2019 according to the Census ACS survey.1 Average gross rent in Bulloch County was $805 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 Bulloch County median and average rent data will be released in September of 2021.
Data is also available below for Bulloch County rental vacancy rates, Bulloch County rent as a percent of median income and the fraction of renters in Bulloch County.
Real Gross Rent in Bulloch County 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% |
| Bulloch County GA Median Gross Rent | $817 | +3.03% | +9.22% |
Bulloch County GA Real Gross Rent Trends
Median gross rent for Bulloch County peaked in real terms in 2011 at $873 and is now $56 (6.41%) lower. Average gross rent for Bulloch County peaked in real terms in 2015 at $859 and is now $54 (6.29%) lower.
Real Gross Rent: Bulloch County GA Median, Bulloch County GA Average, Georgia Median, US Median
Real Gross Rent History for Bulloch County
| Date | US Median |
Georgia Median |
Bulloch County GA Median |
Bulloch County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $817 | $805 |
| 2018 | $1,077 | $1,026 | $793 | $769 |
| 2017 | $1,043 | $988 | $801 | $859 |
| 2016 | $1,027 | $977 | $748 | $782 |
| 2015 | $1,017 | $964 | $822 | $859 |
| 2014 | $986 | $931 | $792 | $815 |
| 2013 | $953 | $895 | $769 | $775 |
| 2012 | $940 | $890 | $716 | $839 |
| 2011 | $941 | $900 | $873 | $819 |
| 2010 | $955 | $915 | $770 | $837 |
| 2009 | $960 | $912 | $650 | $741 |
| 2007 | $927 | $902 | $677 | $724 |
| 2005 | $910 | $886 | — | — |
Bulloch County 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 Bulloch County Georgia was 11.53% according to Census ACS data.
Rental Vacancy Rate in Bulloch County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Bulloch County GA | — | — | — |
Trends in Bulloch County GA Rental Vacancy Rate
At 11.53%, Bulloch County residential rental vacancy rate in 2015 is at the highest point since 2007, the beginning of our reporting for this series.
Rental Vacancy Rate: Bulloch County GA, Georgia, US
Historical Rental Vacancy Rate data for Bulloch County
| Date | US | Georgia | Bulloch County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | — |
| 2018 | 6.15% | 7.23% | — |
| 2017 | 6.18% | 6.73% | — |
| 2016 | 5.89% | 6.15% | — |
| 2015 | 5.85% | 6.47% | 11.53% |
| 2014 | 6.32% | 8.17% | — |
| 2013 | 6.49% | 9.26% | 10.95% |
| 2012 | 6.77% | 9.53% | — |
| 2011 | 7.40% | 10.72% | — |
| 2010 | 8.17% | 11.72% | 9.26% |
| 2009 | 8.43% | 12.32% | — |
| 2007 | 7.87% | 10.54% | — |
| 2005 | 7.74% | 11.53% | — |
Rent as a Fraction of Income
Using median household income data for Bulloch County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bulloch County, median monthly gross rent as a fraction of median household income was 19.44% in 2019 according to the ACS.
Bulloch County 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% |
| Bulloch County GA | 19.44% | -1.72% | -0.04% |
Trends in Bulloch County GA Rent as a Fraction of Income
The fraction of median Bulloch County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2007 series origin) at 30.06%. Since then it has fallen by 10.63% to 19.44%.
Fraction of Income towards Rent: Bulloch County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Bulloch County Georgia
| Date | US | Georgia | Bulloch County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 19.44% |
| 2018 | 20.50% | 20.59% | 21.16% |
| 2017 | 20.13% | 20.46% | 22.13% |
| 2016 | 20.43% | 20.90% | 19.48% |
| 2015 | 20.63% | 21.29% | 27.78% |
| 2014 | 20.89% | 21.46% | 27.40% |
| 2013 | 20.78% | 21.33% | 24.23% |
| 2012 | 20.65% | 21.28% | 22.52% |
| 2011 | 20.70% | 21.73% | 30.06% |
| 2010 | 20.50% | 21.17% | 28.34% |
| 2009 | 20.12% | 20.17% | 21.25% |
| 2007 | 18.66% | 18.76% | 20.25% |
| 2005 | 18.89% | 18.66% | — |
Renter Fraction in Bulloch County Georgia
You can calculate the renter fraction in Bulloch County 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 Bulloch County as a fraction of total Bulloch County households. In 2019 45.87% of households were renters according to Census ACS data.
Bulloch County 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% |
| Bulloch County GA | 45.87% | -4.52% | +2.48% |
Trends in the Bulloch County GA Renter Fraction
The Bulloch County household renter fraction peaked in in 2012 at 51.71% and is now 5.84% below that level. The origin year for the series is 2007.
Fraction of Renting Households: Bulloch County GA, Georgia, US
History of Bulloch County Renter Fraction
| Date | US | Georgia | Bulloch County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 45.87% |
| 2018 | 36.05% | 36.20% | 50.39% |
| 2017 | 36.13% | 37.12% | 43.52% |
| 2016 | 36.88% | 38.46% | 43.39% |
| 2015 | 36.97% | 38.16% | 48.81% |
| 2014 | 36.90% | 37.77% | 49.20% |
| 2013 | 36.50% | 37.34% | 50.67% |
| 2012 | 36.09% | 36.35% | 51.71% |
| 2011 | 35.42% | 35.42% | 50.28% |
| 2010 | 34.65% | 33.83% | 46.73% |
| 2009 | 34.13% | 32.96% | 46.83% |
| 2007 | 32.80% | 31.46% | 41.08% |
| 2005 | 33.10% | 33.19% | — |
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. ↩
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