Department of Numbers

Coweta County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Coweta County GA was $1,075 in 2017 according to the Census ACS survey.1 Average gross rent in Coweta County was $1,042 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 Coweta County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Coweta 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%
Coweta County GA Median Gross Rent $1,075 +7.07% +15.59%

Coweta County GA Real Gross Rent Trends

At $1,075, real median gross rent in Coweta County was at its highest level in 2017 since the series began in 2005. Average gross rent for Coweta County peaked in real terms in 2015 at $1,062 and is now $20 (1.88%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Coweta County

Date US
Median
Georgia
Median
Coweta County GA
Median
Coweta County GA
Average
2017 $1,012 $958 $1,075 $1,042
2016 $996 $948 $1,004 $1,010
2015 $987 $935 $1,001 $1,062
2014 $956 $903 $930 $894
2013 $924 $868 $917 $876
2012 $912 $864 $920 $917
2011 $912 $873 $910 $882
2010 $927 $888 $960 $946
2009 $931 $884 $1,018 $977
2008 $947 $904 $999 $945
2007 $899 $875 $923 $910
2006 $909 $879 $977 $936

Coweta County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2010 the rental vacancy rate for Coweta County Georgia was 6.97% according to Census ACS data.

Rental Vacancy Rate in Coweta County Georgia

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

Trends in Coweta County GA Rental Vacancy Rate

The rental vacancy rate in Coweta County peaked in 2007 at 13.28%. Since then it has fallen by 6.31% to 6.97%. Data records for this series originated in 2005.

Rental Vacancy Rate: Coweta County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Coweta County

Date US Georgia Coweta County GA
2017 6.18% 6.73%
2016 5.89% 6.15%
2015 5.85% 6.47%
2014 6.32% 8.17%
2013 6.49% 9.26%
2012 6.77% 9.53%
2011 7.40% 10.72%
2010 8.17% 11.72% 6.97%
2009 8.43% 12.32%
2008 7.86% 10.89%
2007 7.87% 10.54% 13.28%
2006 7.70% 10.33%

Rent as a Fraction of Income

Using median household income data for Coweta County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Coweta County, median monthly gross rent as a fraction of median household income was 17.72% in 2017 according to the ACS.

Coweta 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%
Coweta County GA 17.72% +1.06% -0.59%

Trends in Coweta County GA Rent as a Fraction of Income

The fraction of median Coweta County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 19.21%. Since then it has fallen by 1.49% to 17.72%.

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

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

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

Date US Georgia Coweta County GA
2017 20.13% 20.46% 17.72%
2016 20.43% 20.90% 16.66%
2015 20.63% 21.29% 17.34%
2014 20.89% 21.46% 18.31%
2013 20.78% 21.33% 17.56%
2012 20.65% 21.28% 17.43%
2011 20.70% 21.73% 19.03%
2010 20.50% 21.17% 19.21%
2009 20.12% 20.17% 18.62%
2008 19.00% 18.57% 17.24%
2007 18.66% 18.76% 16.78%
2006 18.90% 18.91% 15.70%

Renter Fraction in Coweta County Georgia

You can calculate the renter fraction in Coweta 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 Coweta County as a fraction of total Coweta County households. In 2017 26.61% of households were renters according to Census ACS data.

Coweta 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%
Coweta County GA 26.61% -3.50% -0.92%

Trends in the Coweta County GA Renter Fraction

The Coweta County household renter fraction peaked in in 2011 at 30.98% and is now 4.37% below that level. The origin year for the series is 2005.

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

Fraction of renters in Coweta County

History of Coweta County Renter Fraction

Date US Georgia Coweta County GA
2017 36.13% 37.12% 26.61%
2016 36.88% 38.46% 30.11%
2015 36.97% 38.16% 27.79%
2014 36.90% 37.77% 27.53%
2013 36.50% 37.34% 26.50%
2012 36.09% 36.35% 27.79%
2011 35.42% 35.42% 30.98%
2010 34.65% 33.83% 25.43%
2009 34.13% 32.96% 20.95%
2008 33.36% 32.55% 29.79%
2007 32.80% 31.46% 24.89%
2006 32.73% 32.33% 26.07%

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.