Department of Numbers

Newton County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Newton County GA was $948 in 2017 according to the Census ACS survey.1 Average gross rent in Newton County was $1,016 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 Newton County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Newton 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%
Newton County GA Median Gross Rent $948 +6.16% -2.07%

Newton County GA Real Gross Rent Trends

Median gross rent for Newton County peaked in real terms in 2010 at $1,070 and is now $122 (11.40%) lower. From a recent low of 785.0 in 2011, real median gross rent has now increased by $163 (20.76%). Average gross rent for Newton County peaked in real terms in 2013 at $1,048 and is now $32 (3.05%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Newton County

Date US
Median
Georgia
Median
Newton County GA
Median
Newton County GA
Average
2017 $1,012 $958 $948 $1,016
2016 $996 $948 $893 $897
2015 $987 $935 $904 $891
2014 $956 $903 $968 $922
2013 $924 $868 $1,068 $1,048
2012 $912 $864 $892 $886
2011 $912 $873 $785 $792
2010 $927 $888 $1,070 $984
2009 $931 $884 $1,013 $994
2008 $947 $904 $1,067 $1,040
2007 $899 $875 $974 $905
2006 $909 $879 $935 $903

Newton County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Newton County Georgia was 4.97% according to Census ACS data.

Rental Vacancy Rate in Newton County Georgia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Georgia 6.73% +0.58% -1.44%
Newton County GA

Trends in Newton County GA Rental Vacancy Rate

The rental vacancy rate in Newton County peaked in 2008 at 11.74%. Since then it has fallen by 6.77% to 4.97%. Data records for this series originated in 2005. From a 2009 post peak low of 3.14%, the rental vacancy rate has increased by 1.83%.

Rental Vacancy Rate: Newton County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Newton County

Date US Georgia Newton County GA
2017 6.18% 6.73%
2016 5.89% 6.15%
2015 5.85% 6.47%
2014 6.32% 8.17%
2013 6.49% 9.26%
2012 6.77% 9.53% 4.97%
2011 7.40% 10.72%
2010 8.17% 11.72%
2009 8.43% 12.32% 3.14%
2008 7.86% 10.89% 11.74%
2007 7.87% 10.54% 5.70%
2006 7.70% 10.33%

Rent as a Fraction of Income

Using median household income data for Newton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Newton County, median monthly gross rent as a fraction of median household income was 19.84% in 2017 according to the ACS.

Newton 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%
Newton County GA 19.84% -1.85% -4.40%

Trends in Newton County GA Rent as a Fraction of Income

The fraction of median Newton County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 24.24%. Since then it has fallen by 4.40% to 19.84%.

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

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

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

Date US Georgia Newton County GA
2017 20.13% 20.46% 19.84%
2016 20.43% 20.90% 21.69%
2015 20.63% 21.29% 20.76%
2014 20.89% 21.46% 24.24%
2013 20.78% 21.33% 23.20%
2012 20.65% 21.28% 21.19%
2011 20.70% 21.73% 21.96%
2010 20.50% 21.17% 23.98%
2009 20.12% 20.17% 21.89%
2008 19.00% 18.57% 20.08%
2007 18.66% 18.76% 20.87%
2006 18.90% 18.91% 18.99%

Renter Fraction in Newton County Georgia

You can calculate the renter fraction in Newton 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 Newton County as a fraction of total Newton County households. In 2017 27.95% of households were renters according to Census ACS data.

Newton 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%
Newton County GA 27.95% -10.72% -5.62%

Trends in the Newton County GA Renter Fraction

The Newton County household renter fraction peaked in in 2016 at 38.67% and is now 10.72% below that level. The origin year for the series is 2005.

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

Fraction of renters in Newton County

History of Newton County Renter Fraction

Date US Georgia Newton County GA
2017 36.13% 37.12% 27.95%
2016 36.88% 38.46% 38.67%
2015 36.97% 38.16% 34.49%
2014 36.90% 37.77% 33.57%
2013 36.50% 37.34% 27.01%
2012 36.09% 36.35% 29.77%
2011 35.42% 35.42% 25.94%
2010 34.65% 33.83% 22.95%
2009 34.13% 32.96% 27.34%
2008 33.36% 32.55% 25.44%
2007 32.80% 31.46% 22.26%
2006 32.73% 32.33% 26.11%

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.