Department of Numbers

Macon Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Macon, GA (the Macon metro area) was $743 in 2016 according to the Census ACS survey.1 Average gross rent in Macon was $703 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Macon median and average rent data will be released in September of 2018.

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 (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Georgia Median Gross Rent $933 +1.30% +9.12%
Macon, GA Median Gross Rent $743 -2.37% -0.40%

Macon, GA Real Gross Rent Trends

Median gross rent for Macon peaked in real terms in 2006 at $763 and is now $20 (2.62%) lower. From a recent low of 671.0 in 2007, real median gross rent has now increased by $72 (10.73%). Average gross rent for Macon peaked in real terms in 2011 at $725 and is now $22 (3.03%) lower.

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
2016 $981 $933 $743 $703
2015 $972 $921 $761 $684
2014 $942 $889 $747 $704
2013 $910 $855 $746 $700
2012 $898 $850 $708 $698
2011 $898 $859 $750 $725
2010 $912 $874 $730 $716
2009 $916 $871 $747 $722
2008 $932 $890 $758 $723
2007 $885 $862 $671 $650
2006 $895 $865 $763 $713
2005 $869 $846 $683 $648

Macon Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Macon Georgia was 5.91% according to Census ACS data.

Rental Vacancy Rate in Macon Georgia

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Georgia 6.15% -0.32% -3.11%
Macon, GA 5.91% -1.72% -11.35%

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 11.35% to 5.91%. 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
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%
2005 7.74% 11.53% 13.14%

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 22.31% in 2016 according to the ACS.

Macon Georgia Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Georgia 20.90% -0.38% -0.42%
Macon, GA 22.31% -0.19% -0.25%

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 1.34% to 22.31%.

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
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%
2005 18.89% 18.66% 18.61%

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 2016 41.51% of households were renters according to Census ACS data.

Macon Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Georgia 38.46% +0.30% +1.12%
Macon, GA 41.51% +3.52% +1.12%

Trends in the Macon, GA Renter Fraction

At 41.51%, the 2016 household based renter fraction in Macon was at its highest 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
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%
2005 33.10% 33.19% 34.90%

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.