Department of Numbers

Richmond County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Richmond County GA was $839 in 2017 according to the Census ACS survey.1 Average gross rent in Richmond County was $803 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 Richmond County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Richmond 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%
Richmond County GA Median Gross Rent $839 +3.20% +7.02%

Richmond County GA Real Gross Rent Trends

At $839, real median gross rent in Richmond County was at its highest level in 2017 since the series began in 2005. At $803, real average gross rent in Richmond County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Richmond County

Date US
Median
Georgia
Median
Richmond County GA
Median
Richmond County GA
Average
2017 $1,012 $958 $839 $803
2016 $996 $948 $813 $785
2015 $987 $935 $822 $799
2014 $956 $903 $784 $787
2013 $924 $868 $793 $769
2012 $912 $864 $793 $750
2011 $912 $873 $808 $745
2010 $927 $888 $769 $764
2009 $931 $884 $742 $721
2008 $947 $904 $718 $729
2007 $899 $875 $771 $738
2006 $909 $879 $751 $713

Richmond 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 Richmond County Georgia was 13.54% according to Census ACS data.

Rental Vacancy Rate in Richmond County Georgia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Georgia 6.73% +0.58% -1.44%
Richmond County GA 13.54% +5.77% +2.39%

Trends in Richmond County GA Rental Vacancy Rate

At 13.54%, Richmond County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Richmond County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Richmond County

Date US Georgia Richmond County GA
2017 6.18% 6.73% 13.54%
2016 5.89% 6.15% 7.77%
2015 5.85% 6.47% 8.29%
2014 6.32% 8.17% 11.15%
2013 6.49% 9.26% 10.30%
2012 6.77% 9.53% 8.00%
2011 7.40% 10.72% 11.80%
2010 8.17% 11.72% 10.92%
2009 8.43% 12.32% 7.54%
2008 7.86% 10.89% 11.41%
2007 7.87% 10.54% 9.93%
2006 7.70% 10.33%

Rent as a Fraction of Income

Using median household income data for Richmond County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Richmond County, median monthly gross rent as a fraction of median household income was 26.97% in 2017 according to the ACS.

Richmond 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%
Richmond County GA 26.97% +3.77% +1.29%

Trends in Richmond County GA Rent as a Fraction of Income

Richmond County renters paid 26.97% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Georgia Richmond County GA
2017 20.13% 20.46% 26.97%
2016 20.43% 20.90% 23.21%
2015 20.63% 21.29% 23.01%
2014 20.89% 21.46% 25.68%
2013 20.78% 21.33% 26.12%
2012 20.65% 21.28% 24.84%
2011 20.70% 21.73% 23.77%
2010 20.50% 21.17% 21.76%
2009 20.12% 20.17% 23.41%
2008 19.00% 18.57% 19.84%
2007 18.66% 18.76% 21.91%
2006 18.90% 18.91% 21.60%

Renter Fraction in Richmond County Georgia

You can calculate the renter fraction in Richmond 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 Richmond County as a fraction of total Richmond County households. In 2017 47.20% of households were renters according to Census ACS data.

Richmond 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%
Richmond County GA 47.20% +0.60% -1.73%

Trends in the Richmond County GA Renter Fraction

The Richmond County household renter fraction peaked in in 2014 at 48.93% and is now 1.73% below that level. The origin year for the series is 2005.

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

Fraction of renters in Richmond County

History of Richmond County Renter Fraction

Date US Georgia Richmond County GA
2017 36.13% 37.12% 47.20%
2016 36.88% 38.46% 46.60%
2015 36.97% 38.16% 44.01%
2014 36.90% 37.77% 48.93%
2013 36.50% 37.34% 48.59%
2012 36.09% 36.35% 47.72%
2011 35.42% 35.42% 45.79%
2010 34.65% 33.83% 42.83%
2009 34.13% 32.96% 44.89%
2008 33.36% 32.55% 39.43%
2007 32.80% 31.46% 43.10%
2006 32.73% 32.33% 41.14%

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.