Department of Numbers

Fayette County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Fayette County GA was $1,299 in 2017 according to the Census ACS survey.1 Average gross rent in Fayette County was $1,324 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 Fayette County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Fayette 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%
Fayette County GA Median Gross Rent $1,299 -5.39% +17.13%

Fayette County GA Real Gross Rent Trends

Median gross rent for Fayette County peaked in real terms in 2016 at $1,373 and is now $74 (5.39%) lower. Average gross rent for Fayette County peaked in real terms in 2016 at $1,363 and is now $39 (2.86%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Fayette County

Date US
Median
Georgia
Median
Fayette County GA
Median
Fayette County GA
Average
2017 $1,012 $958 $1,299 $1,324
2016 $996 $948 $1,373 $1,363
2015 $987 $935 $1,087 $1,106
2014 $956 $903 $1,109 $1,084
2013 $924 $868 $1,074 $1,139
2012 $912 $864 $1,059 $1,155
2011 $912 $873 $1,096 $1,050
2010 $927 $888 $1,163 $1,138
2009 $931 $884 $1,176 $1,226
2008 $947 $904 $1,121 $1,131
2007 $899 $875 $1,101 $1,168
2006 $909 $879 $1,130 $1,189

Historical Rental Vacancy Rate data for Fayette County

Date US Georgia Fayette 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% 8.15%
2011 7.40% 10.72%
2010 8.17% 11.72%
2009 8.43% 12.32%
2008 7.86% 10.89%
2007 7.87% 10.54%
2006 7.70% 10.33%

Rent as a Fraction of Income

Using median household income data for Fayette County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fayette County, median monthly gross rent as a fraction of median household income was 18.39% in 2017 according to the ACS.

Fayette 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%
Fayette County GA 18.39% -1.73% +1.52%

Trends in Fayette County GA Rent as a Fraction of Income

The fraction of median Fayette County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 20.12%. Since then it has fallen by 1.73% to 18.39%.

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

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

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

Date US Georgia Fayette County GA
2017 20.13% 20.46% 18.39%
2016 20.43% 20.90% 20.12%
2015 20.63% 21.29% 16.15%
2014 20.89% 21.46% 16.87%
2013 20.78% 21.33% 15.51%
2012 20.65% 21.28% 15.85%
2011 20.70% 21.73% 17.20%
2010 20.50% 21.17% 16.16%
2009 20.12% 20.17% 16.66%
2008 19.00% 18.57% 14.45%
2007 18.66% 18.76% 15.10%
2006 18.90% 18.91% 14.24%

Renter Fraction in Fayette County Georgia

You can calculate the renter fraction in Fayette 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 Fayette County as a fraction of total Fayette County households. In 2017 22.34% of households were renters according to Census ACS data.

Fayette 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%
Fayette County GA 22.34% +2.32% -0.87%

Trends in the Fayette County GA Renter Fraction

The Fayette County household renter fraction peaked in in 2014 at 23.21% and is now 0.87% below that level. The origin year for the series is 2005.

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

Fraction of renters in Fayette County

History of Fayette County Renter Fraction

Date US Georgia Fayette County GA
2017 36.13% 37.12% 22.34%
2016 36.88% 38.46% 20.02%
2015 36.97% 38.16% 17.80%
2014 36.90% 37.77% 23.21%
2013 36.50% 37.34% 20.07%
2012 36.09% 36.35% 20.56%
2011 35.42% 35.42% 14.76%
2010 34.65% 33.83% 15.44%
2009 34.13% 32.96% 17.52%
2008 33.36% 32.55% 17.09%
2007 32.80% 31.46% 17.61%
2006 32.73% 32.33% 14.27%

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.