Hall County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Hall County GA was $974 in 2019 according to the Census ACS survey.1 Average gross rent in Hall County was $1,004 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 Hall County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Hall 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% |
| Hall County GA Median Gross Rent | $974 | -2.79% | +5.75% |
Hall County GA Real Gross Rent Trends
Median gross rent for Hall County peaked in real terms in 2018 at $1,002 and is now $28 (2.79%) lower. At $1,004, real average gross rent in Hall County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Hall County GA Median, Hall County GA Average, Georgia Median, US Median
Real Gross Rent History for Hall County
| Date | US Median |
Georgia Median |
Hall County GA Median |
Hall County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $974 | $1,004 |
| 2018 | $1,077 | $1,026 | $1,002 | $969 |
| 2017 | $1,043 | $988 | $920 | $999 |
| 2016 | $1,027 | $977 | $921 | $938 |
| 2015 | $1,017 | $964 | $956 | $966 |
| 2014 | $986 | $931 | $893 | $914 |
| 2013 | $953 | $895 | $875 | $842 |
| 2012 | $940 | $890 | $863 | $914 |
| 2011 | $941 | $900 | $864 | $889 |
| 2010 | $955 | $915 | $901 | $903 |
| 2009 | $960 | $912 | $886 | $810 |
| 2007 | $927 | $902 | $945 | $903 |
| 2005 | $910 | $886 | $940 | $921 |
Hall 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 Hall County Georgia was 6.52% according to Census ACS data.
Rental Vacancy Rate in Hall County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Hall County GA | — | — | — |
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 8.78% to 6.52%. Data records for this series originated in 2005. From a 2015 post peak low of 3.47%, the rental vacancy rate has increased by 3.05%.
Rental Vacancy Rate: Hall County GA, Georgia, US
Historical Rental Vacancy Rate data for Hall County
| Date | US | Georgia | Hall County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | — |
| 2018 | 6.15% | 7.23% | 6.52% |
| 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% |
| 2007 | 7.87% | 10.54% | 3.49% |
| 2005 | 7.74% | 11.53% | 11.22% |
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 17.32% in 2019 according to the ACS.
Hall 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% |
| Hall County GA | 17.32% | -1.81% | -1.90% |
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 4.84% to 17.32%. From a 2017 low of 17.27%, the fraction of income going to rent has increased by 0.05%.
Fraction of Income towards Rent: Hall County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Hall County Georgia
| Date | US | Georgia | Hall County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 17.32% |
| 2018 | 20.50% | 20.59% | 19.14% |
| 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% |
| 2007 | 18.66% | 18.76% | 18.63% |
| 2005 | 18.89% | 18.66% | 18.67% |
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 2019 26.40% of households were renters according to Census ACS data.
Hall 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% |
| Hall County GA | 26.40% | -3.60% | -8.17% |
Trends in the Hall County GA Renter Fraction
The Hall County household renter fraction peaked in in 2013 at 37.20% and is now 10.80% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Hall County GA, Georgia, US
History of Hall County Renter Fraction
| Date | US | Georgia | Hall County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 26.40% |
| 2018 | 36.05% | 36.20% | 30.00% |
| 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% |
| 2007 | 32.80% | 31.46% | 28.58% |
| 2005 | 33.10% | 33.19% | 27.99% |
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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