Department of Numbers

Forsyth County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Forsyth County GA was $1,485 in 2017 according to the Census ACS survey.1 Average gross rent in Forsyth County was $1,457 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 Forsyth County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Forsyth 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%
Forsyth County GA Median Gross Rent $1,485 +22.12% +22.83%

Forsyth County GA Real Gross Rent Trends

At $1,485, real median gross rent in Forsyth County was at its highest level in 2017 since the series began in 2005. At $1,457, real average gross rent in Forsyth County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Forsyth County

Date US
Median
Georgia
Median
Forsyth County GA
Median
Forsyth County GA
Average
2017 $1,012 $958 $1,485 $1,457
2016 $996 $948 $1,216 $1,232
2015 $987 $935 $1,274 $1,265
2014 $956 $903 $1,209 $1,193
2013 $924 $868 $1,153 $1,112
2012 $912 $864 $1,162 $1,157
2011 $912 $873
2010 $927 $888 $1,189 $1,024
2009 $931 $884 $1,268 $1,245
2008 $947 $904 $1,273 $1,056
2007 $899 $875 $1,198 $1,180
2006 $909 $879 $1,131 $1,054

Forsyth 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 Forsyth County Georgia was 4.69% according to Census ACS data.

Rental Vacancy Rate in Forsyth County Georgia

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

Trends in Forsyth County GA Rental Vacancy Rate

The rental vacancy rate in Forsyth County peaked in 2010 at 15.46%. Since then it has fallen by 10.77% to 4.69%. Data records for this series originated in 2005. From a 2015 post peak low of 1.03%, the rental vacancy rate has increased by 3.66%.

Rental Vacancy Rate: Forsyth County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Forsyth County

Date US Georgia Forsyth County GA
2017 6.18% 6.73%
2016 5.89% 6.15% 4.69%
2015 5.85% 6.47% 1.03%
2014 6.32% 8.17% 6.68%
2013 6.49% 9.26% 5.53%
2012 6.77% 9.53% 8.71%
2011 7.40% 10.72%
2010 8.17% 11.72% 15.46%
2009 8.43% 12.32%
2008 7.86% 10.89% 2.78%
2007 7.87% 10.54% 4.77%
2006 7.70% 10.33% 10.64%

Rent as a Fraction of Income

Using median household income data for Forsyth County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Forsyth County, median monthly gross rent as a fraction of median household income was 17.46% in 2017 according to the ACS.

Forsyth 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%
Forsyth County GA 17.46% +3.22% +0.91%

Trends in Forsyth County GA Rent as a Fraction of Income

Forsyth County renters paid 17.46% 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: Forsyth County GA, Georgia, US

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

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

Date US Georgia Forsyth County GA
2017 20.13% 20.46% 17.46%
2016 20.43% 20.90% 14.23%
2015 20.63% 21.29% 15.71%
2014 20.89% 21.46% 16.55%
2013 20.78% 21.33% 15.74%
2012 20.65% 21.28% 15.80%
2011 20.70% 21.73% 15.85%
2010 20.50% 21.17% 16.49%
2009 20.12% 20.17% 16.58%
2008 19.00% 18.57% 15.13%
2007 18.66% 18.76% 14.86%
2006 18.90% 18.91% 13.62%

Renter Fraction in Forsyth County Georgia

You can calculate the renter fraction in Forsyth 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 Forsyth County as a fraction of total Forsyth County households. In 2017 16.19% of households were renters according to Census ACS data.

Forsyth 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%
Forsyth County GA 16.19% -0.57% -1.45%

Trends in the Forsyth County GA Renter Fraction

The Forsyth County household renter fraction peaked in in 2015 at 17.91% and is now 1.72% below that level. The origin year for the series is 2005.

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

Fraction of renters in Forsyth County

History of Forsyth County Renter Fraction

Date US Georgia Forsyth County GA
2017 36.13% 37.12% 16.19%
2016 36.88% 38.46% 16.76%
2015 36.97% 38.16% 17.91%
2014 36.90% 37.77% 17.64%
2013 36.50% 37.34% 15.43%
2012 36.09% 36.35% 14.42%
2011 35.42% 35.42% 14.49%
2010 34.65% 33.83% 14.90%
2009 34.13% 32.96% 12.75%
2008 33.36% 32.55% 13.76%
2007 32.80% 31.46% 14.15%
2006 32.73% 32.33% 14.44%

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.