Department of Numbers

Bulloch County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Bulloch County GA was $777 in 2017 according to the Census ACS survey.1 Average gross rent in Bulloch County was $833 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Bulloch County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Bulloch County Georgia (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Georgia Median Gross Rent $958 +1.05% +6.09%
Bulloch County GA Median Gross Rent $777 +7.17% +1.17%

Bulloch County GA Real Gross Rent Trends

Median gross rent for Bulloch County peaked in real terms in 2011 at $846 and is now $69 (8.16%) lower. Average gross rent for Bulloch County peaked in real terms in 2015 at $833 and is now $0 (0.00%) lower.

Real Gross Rent: Bulloch County GA Median, Bulloch County GA Average, Georgia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bulloch County

Date US
Median
Georgia
Median
Bulloch County GA
Median
Bulloch County GA
Average
2017 $1,012 $958 $777 $833
2016 $996 $948 $725 $759
2015 $987 $935 $797 $833
2014 $956 $903 $768 $790
2013 $924 $868 $746 $752
2012 $912 $864 $694 $814
2011 $912 $873 $846 $794
2010 $927 $888 $747 $812
2009 $931 $884 $630 $718
2008 $947 $904 $658 $679
2007 $899 $875 $656 $702
2006 $909 $879

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

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Georgia 6.73% +0.58% -1.44%
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

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Bulloch County

Date US Georgia Bulloch County GA
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%
2008 7.86% 10.89% 6.86%
2007 7.87% 10.54%
2006 7.70% 10.33%

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 22.13% in 2017 according to the ACS.

Bulloch County Georgia Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Georgia 20.46% -0.44% -1.00%
Bulloch County GA 22.13% +2.65% -5.28%

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 7.94% to 22.13%.

Fraction of Income towards Rent: Bulloch County GA, Georgia, US

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

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

Date US Georgia Bulloch County GA
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%
2008 19.00% 18.57% 17.41%
2007 18.66% 18.76% 20.25%
2006 18.90% 18.91%

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 2017 43.52% of households were renters according to Census ACS data.

Bulloch County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Georgia 37.12% -1.34% -0.65%
Bulloch County GA 43.52% +0.13% -5.68%

Trends in the Bulloch County GA Renter Fraction

The Bulloch County household renter fraction peaked in in 2012 at 51.71% and is now 8.19% below that level. The origin year for the series is 2007.

Fraction of Renting Households: Bulloch County GA, Georgia, US

Fraction of renters in Bulloch County

History of Bulloch County Renter Fraction

Date US Georgia Bulloch County GA
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%
2008 33.36% 32.55% 38.54%
2007 32.80% 31.46% 41.08%
2006 32.73% 32.33%

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.