Department of Numbers

Hall County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Hall County GA was $892 in 2017 according to the Census ACS survey.1 Average gross rent in Hall County was $969 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 Hall County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Hall 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%
Hall County GA Median Gross Rent $892 -0.22% +3.00%

Hall County GA Real Gross Rent Trends

Median gross rent for Hall County peaked in real terms in 2008 at $927 and is now $35 (3.78%) lower. From a recent low of 837.0 in 2012, real median gross rent has now increased by $55 (6.57%). At $969, real average gross rent in Hall County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hall County

Date US
Median
Georgia
Median
Hall County GA
Median
Hall County GA
Average
2017 $1,012 $958 $892 $969
2016 $996 $948 $894 $910
2015 $987 $935 $927 $937
2014 $956 $903 $866 $887
2013 $924 $868 $849 $817
2012 $912 $864 $837 $886
2011 $912 $873 $838 $862
2010 $927 $888 $873 $876
2009 $931 $884 $859 $786
2008 $947 $904 $927 $919
2007 $899 $875 $916 $876
2006 $909 $879 $880 $819

Hall 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 Hall County Georgia was 9.25% according to Census ACS data.

Rental Vacancy Rate in Hall County Georgia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Georgia 6.73% +0.58% -1.44%
Hall County GA 9.25% +5.14% +3.77%

Trends in Hall County GA Rental Vacancy Rate

The rental vacancy rate in Hall County peaked in 2011 at 15.30%. Since then it has fallen by 6.05% to 9.25%. Data records for this series originated in 2005. From a 2015 post peak low of 3.47%, the rental vacancy rate has increased by 5.78%.

Rental Vacancy Rate: Hall County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Hall County

Date US Georgia Hall County GA
2017 6.18% 6.73% 9.25%
2016 5.89% 6.15% 4.11%
2015 5.85% 6.47% 3.47%
2014 6.32% 8.17% 5.48%
2013 6.49% 9.26% 4.83%
2012 6.77% 9.53% 10.86%
2011 7.40% 10.72% 15.30%
2010 8.17% 11.72% 7.63%
2009 8.43% 12.32% 4.21%
2008 7.86% 10.89% 10.33%
2007 7.87% 10.54% 3.49%
2006 7.70% 10.33% 8.01%

Rent as a Fraction of Income

Using median household income data for Hall County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hall County, median monthly gross rent as a fraction of median household income was 17.27% in 2017 according to the ACS.

Hall 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%
Hall County GA 17.27% -1.96% -2.06%

Trends in Hall County GA Rent as a Fraction of Income

The fraction of median Hall County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.16%. Since then it has fallen by 4.89% to 17.27%.

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

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

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

Date US Georgia Hall County GA
2017 20.13% 20.46% 17.27%
2016 20.43% 20.90% 19.23%
2015 20.63% 21.29% 19.65%
2014 20.89% 21.46% 19.33%
2013 20.78% 21.33% 22.16%
2012 20.65% 21.28% 19.57%
2011 20.70% 21.73% 19.16%
2010 20.50% 21.17% 20.58%
2009 20.12% 20.17% 19.02%
2008 19.00% 18.57% 18.33%
2007 18.66% 18.76% 18.63%
2006 18.90% 18.91% 19.85%

Renter Fraction in Hall County Georgia

You can calculate the renter fraction in Hall 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 Hall County as a fraction of total Hall County households. In 2017 29.54% of households were renters according to Census ACS data.

Hall 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%
Hall County GA 29.54% -5.03% -2.50%

Trends in the Hall County GA Renter Fraction

The Hall County household renter fraction peaked in in 2013 at 37.20% and is now 7.66% below that level. The origin year for the series is 2005.

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

Fraction of renters in Hall County

History of Hall County Renter Fraction

Date US Georgia Hall County GA
2017 36.13% 37.12% 29.54%
2016 36.88% 38.46% 34.57%
2015 36.97% 38.16% 35.49%
2014 36.90% 37.77% 32.04%
2013 36.50% 37.34% 37.20%
2012 36.09% 36.35% 34.00%
2011 35.42% 35.42% 29.44%
2010 34.65% 33.83% 33.91%
2009 34.13% 32.96% 29.97%
2008 33.36% 32.55% 31.15%
2007 32.80% 31.46% 28.58%
2006 32.73% 32.33% 29.40%

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.