Gwinnett County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Gwinnett County GA was $1,338 in 2019 according to the Census ACS survey.1 Average gross rent in Gwinnett County was $1,335 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Gwinnett County median and average rent data will be released in September of 2021.
Data is also available below for Gwinnett County rental vacancy rates, Gwinnett County rent as a percent of median income and the fraction of renters in Gwinnett County.
Real Gross Rent in Gwinnett County Georgia (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Georgia Median Gross Rent | $1,049 | +2.24% | +7.37% |
| Gwinnett County GA Median Gross Rent | $1,338 | +0.38% | +8.78% |
Gwinnett County GA Real Gross Rent Trends
At $1,338, real median gross rent in Gwinnett County was at its highest level in 2019 since the series began in 2005. At $1,335, real average gross rent in Gwinnett County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Gwinnett County GA Median, Gwinnett County GA Average, Georgia Median, US Median
Real Gross Rent History for Gwinnett County
| Date | US Median |
Georgia Median |
Gwinnett County GA Median |
Gwinnett County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $1,338 | $1,335 |
| 2018 | $1,077 | $1,026 | $1,333 | $1,317 |
| 2017 | $1,043 | $988 | $1,254 | $1,256 |
| 2016 | $1,027 | $977 | $1,230 | $1,280 |
| 2015 | $1,017 | $964 | $1,154 | $1,187 |
| 2014 | $986 | $931 | $1,107 | $1,112 |
| 2013 | $953 | $895 | $1,064 | $1,085 |
| 2012 | $940 | $890 | $1,016 | $1,070 |
| 2011 | $941 | $900 | $1,074 | $1,142 |
| 2010 | $955 | $915 | $1,045 | $1,070 |
| 2009 | $960 | $912 | $1,087 | $1,131 |
| 2007 | $927 | $902 | $1,082 | $1,113 |
| 2005 | $910 | $886 | $1,065 | $1,100 |
Gwinnett County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Gwinnett County Georgia was 7.19% according to Census ACS data.
Rental Vacancy Rate in Gwinnett County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Gwinnett County GA | — | — | — |
Trends in Gwinnett County GA Rental Vacancy Rate
The rental vacancy rate in Gwinnett County peaked in 2009 at 14.79%. Since then it has fallen by 7.60% to 7.19%. Data records for this series originated in 2005. From a 2015 post peak low of 3.54%, the rental vacancy rate has increased by 3.65%.
Rental Vacancy Rate: Gwinnett County GA, Georgia, US
Historical Rental Vacancy Rate data for Gwinnett County
| Date | US | Georgia | Gwinnett County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | — |
| 2018 | 6.15% | 7.23% | 7.19% |
| 2017 | 6.18% | 6.73% | 7.94% |
| 2016 | 5.89% | 6.15% | 5.60% |
| 2015 | 5.85% | 6.47% | 3.54% |
| 2014 | 6.32% | 8.17% | 6.23% |
| 2013 | 6.49% | 9.26% | 10.17% |
| 2012 | 6.77% | 9.53% | 7.82% |
| 2011 | 7.40% | 10.72% | 9.99% |
| 2010 | 8.17% | 11.72% | 9.38% |
| 2009 | 8.43% | 12.32% | 14.79% |
| 2007 | 7.87% | 10.54% | 9.30% |
| 2005 | 7.74% | 11.53% | 8.87% |
Rent as a Fraction of Income
Using median household income data for Gwinnett County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Gwinnett County, median monthly gross rent as a fraction of median household income was 22.27% in 2019 according to the ACS.
Gwinnett County Georgia Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Georgia | 20.31% | -0.28% | -0.59% |
| Gwinnett County GA | 22.27% | +0.51% | +1.27% |
Trends in Gwinnett County GA Rent as a Fraction of Income
Gwinnett County renters paid 22.27% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Gwinnett County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Gwinnett County Georgia
| Date | US | Georgia | Gwinnett County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 22.27% |
| 2018 | 20.50% | 20.59% | 21.76% |
| 2017 | 20.13% | 20.46% | 21.17% |
| 2016 | 20.43% | 20.90% | 21.00% |
| 2015 | 20.63% | 21.29% | 21.15% |
| 2014 | 20.89% | 21.46% | 21.16% |
| 2013 | 20.78% | 21.33% | 20.57% |
| 2012 | 20.65% | 21.28% | 20.31% |
| 2011 | 20.70% | 21.73% | 21.10% |
| 2010 | 20.50% | 21.17% | 19.50% |
| 2009 | 20.12% | 20.17% | 19.55% |
| 2007 | 18.66% | 18.76% | 17.32% |
| 2005 | 18.89% | 18.66% | 16.66% |
Renter Fraction in Gwinnett County Georgia
You can calculate the renter fraction in Gwinnett 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 Gwinnett County as a fraction of total Gwinnett County households. In 2019 33.09% of households were renters according to Census ACS data.
Gwinnett County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Georgia | 35.87% | -0.33% | -2.59% |
| Gwinnett County GA | 33.09% | -1.28% | -2.48% |
Trends in the Gwinnett County GA Renter Fraction
The Gwinnett County household renter fraction peaked in in 2015 at 37.06% and is now 3.97% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Gwinnett County GA, Georgia, US
History of Gwinnett County Renter Fraction
| Date | US | Georgia | Gwinnett County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 33.09% |
| 2018 | 36.05% | 36.20% | 34.37% |
| 2017 | 36.13% | 37.12% | 32.70% |
| 2016 | 36.88% | 38.46% | 35.57% |
| 2015 | 36.97% | 38.16% | 37.06% |
| 2014 | 36.90% | 37.77% | 34.90% |
| 2013 | 36.50% | 37.34% | 32.96% |
| 2012 | 36.09% | 36.35% | 34.41% |
| 2011 | 35.42% | 35.42% | 33.59% |
| 2010 | 34.65% | 33.83% | 31.06% |
| 2009 | 34.13% | 32.96% | 28.19% |
| 2007 | 32.80% | 31.46% | 26.56% |
| 2005 | 33.10% | 33.19% | 28.09% |
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. ↩
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