Department of Numbers

Carroll County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Carroll County GA was $826 in 2017 according to the Census ACS survey.1 Average gross rent in Carroll County was $760 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 Carroll County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Carroll 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%
Carroll County GA Median Gross Rent $826 +3.38% +4.82%

Carroll County GA Real Gross Rent Trends

Median gross rent for Carroll County peaked in real terms in 2015 at $864 and is now $38 (4.40%) lower. Average gross rent for Carroll County peaked in real terms in 2010 at $849 and is now $89 (10.48%) lower. From a recent low of 717.0 in 2014, real average gross rent has now increased by $43 (6.00%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Carroll County

Date US
Median
Georgia
Median
Carroll County GA
Median
Carroll County GA
Average
2017 $1,012 $958 $826 $760
2016 $996 $948 $799 $720
2015 $987 $935 $864 $816
2014 $956 $903 $788 $717
2013 $924 $868 $790 $785
2012 $912 $864 $768 $776
2011 $912 $873 $789 $773
2010 $927 $888 $814 $849
2009 $931 $884 $842 $826
2008 $947 $904 $803 $788
2007 $899 $875 $798 $734
2006 $909 $879 $818 $807

Carroll County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Carroll County Georgia was 5.59% according to Census ACS data.

Rental Vacancy Rate in Carroll County Georgia

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

Trends in Carroll County GA Rental Vacancy Rate

The rental vacancy rate in Carroll County peaked in 2009 at 12.96%. Since then it has fallen by 7.37% to 5.59%. Data records for this series originated in 2005.

Rental Vacancy Rate: Carroll County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Carroll County

Date US Georgia Carroll County GA
2017 6.18% 6.73%
2016 5.89% 6.15%
2015 5.85% 6.47%
2014 6.32% 8.17% 5.59%
2013 6.49% 9.26%
2012 6.77% 9.53%
2011 7.40% 10.72%
2010 8.17% 11.72% 12.42%
2009 8.43% 12.32% 12.96%
2008 7.86% 10.89% 5.20%
2007 7.87% 10.54% 6.29%
2006 7.70% 10.33%

Rent as a Fraction of Income

Using median household income data for Carroll County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Carroll County, median monthly gross rent as a fraction of median household income was 19.78% in 2017 according to the ACS.

Carroll 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%
Carroll County GA 19.78% +1.35% -2.89%

Trends in Carroll County GA Rent as a Fraction of Income

The fraction of median Carroll County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.22%. Since then it has fallen by 3.44% to 19.78%.

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

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

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

Date US Georgia Carroll County GA
2017 20.13% 20.46% 19.78%
2016 20.43% 20.90% 18.44%
2015 20.63% 21.29% 23.22%
2014 20.89% 21.46% 22.68%
2013 20.78% 21.33% 20.33%
2012 20.65% 21.28% 20.70%
2011 20.70% 21.73% 21.08%
2010 20.50% 21.17% 19.58%
2009 20.12% 20.17% 20.15%
2008 19.00% 18.57% 17.77%
2007 18.66% 18.76% 20.05%
2006 18.90% 18.91% 19.11%

Renter Fraction in Carroll County Georgia

You can calculate the renter fraction in Carroll 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 Carroll County as a fraction of total Carroll County households. In 2017 35.29% of households were renters according to Census ACS data.

Carroll 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%
Carroll County GA 35.29% +5.83% -3.94%

Trends in the Carroll County GA Renter Fraction

The Carroll County household renter fraction peaked in in 2015 at 40.93% and is now 5.64% below that level. The origin year for the series is 2005.

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

Fraction of renters in Carroll County

History of Carroll County Renter Fraction

Date US Georgia Carroll County GA
2017 36.13% 37.12% 35.29%
2016 36.88% 38.46% 29.46%
2015 36.97% 38.16% 40.93%
2014 36.90% 37.77% 39.23%
2013 36.50% 37.34% 36.65%
2012 36.09% 36.35% 34.99%
2011 35.42% 35.42% 33.15%
2010 34.65% 33.83% 32.43%
2009 34.13% 32.96% 28.10%
2008 33.36% 32.55% 33.21%
2007 32.80% 31.46% 31.65%
2006 32.73% 32.33% 29.74%

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.