Department of Numbers

Gwinnett County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Gwinnett County GA was $1,216 in 2017 according to the Census ACS survey.1 Average gross rent in Gwinnett County was $1,218 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 Gwinnett County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Gwinnett 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%
Gwinnett County GA Median Gross Rent $1,216 +1.93% +13.22%

Gwinnett County GA Real Gross Rent Trends

At $1,216, real median gross rent in Gwinnett County was at its highest level in 2017 since the series began in 2005. Average gross rent for Gwinnett County peaked in real terms in 2016 at $1,241 and is now $23 (1.85%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Gwinnett County

Date US
Median
Georgia
Median
Gwinnett County GA
Median
Gwinnett County GA
Average
2017 $1,012 $958 $1,216 $1,218
2016 $996 $948 $1,193 $1,241
2015 $987 $935 $1,119 $1,151
2014 $956 $903 $1,074 $1,078
2013 $924 $868 $1,032 $1,052
2012 $912 $864 $985 $1,038
2011 $912 $873 $1,041 $1,107
2010 $927 $888 $1,013 $1,038
2009 $931 $884 $1,055 $1,097
2008 $947 $904 $1,067 $1,107
2007 $899 $875 $1,049 $1,079
2006 $909 $879 $1,062 $1,087

Gwinnett County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Gwinnett County Georgia was 7.94% according to Census ACS data.

Rental Vacancy Rate in Gwinnett County Georgia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Georgia 6.73% +0.58% -1.44%
Gwinnett County GA 7.94% +2.34% +1.71%

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 6.85% to 7.94%. Data records for this series originated in 2005. From a 2015 post peak low of 3.54%, the rental vacancy rate has increased by 4.40%.

Rental Vacancy Rate: Gwinnett County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Gwinnett County

Date US Georgia Gwinnett County GA
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%
2008 7.86% 10.89% 14.56%
2007 7.87% 10.54% 9.30%
2006 7.70% 10.33% 9.47%

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 21.17% in 2017 according to the ACS.

Gwinnett 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%
Gwinnett County GA 21.17% +0.18% +0.02%

Trends in Gwinnett County GA Rent as a Fraction of Income

Gwinnett County renters paid 21.17% 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: Gwinnett County GA, Georgia, US

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

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

Date US Georgia Gwinnett County GA
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%
2008 19.00% 18.57% 16.80%
2007 18.66% 18.76% 17.32%
2006 18.90% 18.91% 16.94%

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 2017 32.70% of households were renters according to Census ACS data.

Gwinnett 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%
Gwinnett County GA 32.70% -2.87% -2.20%

Trends in the Gwinnett County GA Renter Fraction

The Gwinnett County household renter fraction peaked in in 2015 at 37.06% and is now 4.36% below that level. The origin year for the series is 2005.

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

Fraction of renters in Gwinnett County

History of Gwinnett County Renter Fraction

Date US Georgia Gwinnett County GA
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%
2008 33.36% 32.55% 25.61%
2007 32.80% 31.46% 26.56%
2006 32.73% 32.33% 26.31%

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.