Department of Numbers

Cherokee County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Cherokee County GA was $1,233 in 2017 according to the Census ACS survey.1 Average gross rent in Cherokee County was $1,236 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 Cherokee County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cherokee 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%
Cherokee County GA Median Gross Rent $1,233 +3.44% +18.79%

Cherokee County GA Real Gross Rent Trends

At $1,233, real median gross rent in Cherokee County was at its highest level in 2017 since the series began in 2005. At $1,236, real average gross rent in Cherokee County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cherokee County

Date US
Median
Georgia
Median
Cherokee County GA
Median
Cherokee County GA
Average
2017 $1,012 $958 $1,233 $1,236
2016 $996 $948 $1,192 $1,175
2015 $987 $935 $1,086 $1,034
2014 $956 $903 $1,038 $1,102
2013 $924 $868 $1,006 $1,006
2012 $912 $864 $1,013 $1,042
2011 $912 $873 $974 $1,034
2010 $927 $888 $1,020 $994
2009 $931 $884 $1,109 $1,104
2008 $947 $904 $1,061 $1,092
2007 $899 $875 $984 $1,015
2006 $909 $879 $1,042 $1,085

Cherokee County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Cherokee County Georgia was 3.04% according to Census ACS data.

Rental Vacancy Rate in Cherokee County Georgia

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

Trends in Cherokee County GA Rental Vacancy Rate

The rental vacancy rate in Cherokee County peaked in 2009 at 17.09%. Since then it has fallen by 14.05% to 3.04%. Data records for this series originated in 2005.

Rental Vacancy Rate: Cherokee County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Cherokee County

Date US Georgia Cherokee County GA
2017 6.18% 6.73%
2016 5.89% 6.15% 3.04%
2015 5.85% 6.47%
2014 6.32% 8.17% 7.34%
2013 6.49% 9.26% 8.41%
2012 6.77% 9.53% 11.50%
2011 7.40% 10.72% 6.17%
2010 8.17% 11.72% 9.50%
2009 8.43% 12.32% 17.09%
2008 7.86% 10.89%
2007 7.87% 10.54% 4.66%
2006 7.70% 10.33%

Rent as a Fraction of Income

Using median household income data for Cherokee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cherokee County, median monthly gross rent as a fraction of median household income was 19.37% in 2017 according to the ACS.

Cherokee 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%
Cherokee County GA 19.37% +1.30% +1.92%

Trends in Cherokee County GA Rent as a Fraction of Income

Cherokee County renters paid 19.37% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Georgia Cherokee County GA
2017 20.13% 20.46% 19.37%
2016 20.43% 20.90% 18.07%
2015 20.63% 21.29% 17.10%
2014 20.89% 21.46% 17.45%
2013 20.78% 21.33% 18.27%
2012 20.65% 21.28% 17.59%
2011 20.70% 21.73% 17.85%
2010 20.50% 21.17% 18.26%
2009 20.12% 20.17% 18.54%
2008 19.00% 18.57% 16.47%
2007 18.66% 18.76% 17.06%
2006 18.90% 18.91% 16.30%

Renter Fraction in Cherokee County Georgia

You can calculate the renter fraction in Cherokee 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 Cherokee County as a fraction of total Cherokee County households. In 2017 24.79% of households were renters according to Census ACS data.

Cherokee 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%
Cherokee County GA 24.79% +1.78% -2.36%

Trends in the Cherokee County GA Renter Fraction

The Cherokee County household renter fraction peaked in in 2014 at 27.15% and is now 2.36% below that level. The origin year for the series is 2005.

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

Fraction of renters in Cherokee County

History of Cherokee County Renter Fraction

Date US Georgia Cherokee County GA
2017 36.13% 37.12% 24.79%
2016 36.88% 38.46% 23.01%
2015 36.97% 38.16% 21.79%
2014 36.90% 37.77% 27.15%
2013 36.50% 37.34% 23.07%
2012 36.09% 36.35% 18.42%
2011 35.42% 35.42% 23.38%
2010 34.65% 33.83% 19.94%
2009 34.13% 32.96% 20.54%
2008 33.36% 32.55% 20.94%
2007 32.80% 31.46% 18.39%
2006 32.73% 32.33% 20.73%

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.