Department of Numbers

Macon Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Macon, GA (the Macon metro area) was $778 in 2017 according to the Census ACS survey.1 Average gross rent in Macon was $742 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 Macon median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Macon 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%
Macon, GA Median Gross Rent $778 +3.05% +2.50%

Macon, GA Real Gross Rent Trends

At $778, real median gross rent in Macon was at its highest level in 2017 since the series began in 2005. At $742, real average gross rent in Macon was at its highest level in 2017 since the series began in 2005.

Real Gross Rent in Macon: Macon GA Median, Macon GA Average, Georgia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Macon

Date US
Median
Georgia
Median
Macon, GA
Median
Macon, GA
Average
2017 $1,012 $958 $778 $742
2016 $996 $948 $755 $714
2015 $987 $935 $773 $694
2014 $956 $903 $759 $715
2013 $924 $868 $758 $711
2012 $912 $864 $719 $709
2011 $912 $873 $762 $736
2010 $927 $888 $741 $727
2009 $931 $884 $758 $733
2008 $947 $904 $770 $734
2007 $899 $875 $681 $660
2006 $909 $879 $775 $724

Macon 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 Macon Georgia was 6.90% according to Census ACS data.

Rental Vacancy Rate in Macon Georgia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Georgia 6.73% +0.58% -1.44%
Macon, GA 6.90% +0.99% -5.00%

Trends in Macon, GA Rental Vacancy Rate

The rental vacancy rate in Macon peaked in 2013 at 17.26%. Since then it has fallen by 10.36% to 6.90%. Data records for this series originated in 2005.

Rental Vacancy Rate: Macon GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Macon

Date US Georgia Macon, GA
2017 6.18% 6.73% 6.90%
2016 5.89% 6.15% 5.91%
2015 5.85% 6.47% 7.63%
2014 6.32% 8.17% 11.90%
2013 6.49% 9.26% 17.26%
2012 6.77% 9.53% 12.18%
2011 7.40% 10.72% 6.45%
2010 8.17% 11.72% 15.33%
2009 8.43% 12.32% 16.08%
2008 7.86% 10.89% 10.28%
2007 7.87% 10.54% 5.76%
2006 7.70% 10.33% 7.91%

Rent as a Fraction of Income

Using median household income data for Macon, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Macon, median monthly gross rent as a fraction of median household income was 22.60% in 2017 according to the ACS.

Macon 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%
Macon, GA 22.60% +0.30% -0.71%

Trends in Macon, GA Rent as a Fraction of Income

The fraction of median Macon household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.65%. Since then it has fallen by 1.05% to 22.60%.

Fraction of Income towards Rent: Macon GA, Georgia, US

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

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

Date US Georgia Macon, GA
2017 20.13% 20.46% 22.60%
2016 20.43% 20.90% 22.31%
2015 20.63% 21.29% 22.49%
2014 20.89% 21.46% 23.31%
2013 20.78% 21.33% 22.55%
2012 20.65% 21.28% 21.16%
2011 20.70% 21.73% 23.65%
2010 20.50% 21.17% 21.88%
2009 20.12% 20.17% 20.89%
2008 19.00% 18.57% 18.86%
2007 18.66% 18.76% 17.99%
2006 18.90% 18.91% 21.12%

Renter Fraction in Macon Georgia

You can calculate the renter fraction in Macon 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 Macon as a fraction of total Macon households. In 2017 39.15% of households were renters according to Census ACS data.

Macon 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%
Macon, GA 39.15% -2.36% -0.21%

Trends in the Macon, GA Renter Fraction

The Macon household renter fraction peaked in in 2016 at 41.51% and is now 2.36% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Macon GA, Georgia, US

Fraction of renters in Macon

History of Macon Renter Fraction

Date US Georgia Macon, GA
2017 36.13% 37.12% 39.15%
2016 36.88% 38.46% 41.51%
2015 36.97% 38.16% 37.99%
2014 36.90% 37.77% 39.36%
2013 36.50% 37.34% 40.39%
2012 36.09% 36.35% 38.63%
2011 35.42% 35.42% 38.66%
2010 34.65% 33.83% 36.38%
2009 34.13% 32.96% 36.58%
2008 33.36% 32.55% 34.87%
2007 32.80% 31.46% 32.52%
2006 32.73% 32.33% 34.93%

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.