Department of Numbers

Richmond County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Richmond County GA was $926 in 2019 according to the Census ACS survey.1 Average gross rent in Richmond County was $903 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 Richmond County median and average rent data will be released in September of 2021.

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 (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%
Richmond County GA Median Gross Rent $926 +4.51% +10.37%

Richmond County GA Real Gross Rent Trends

At $926, real median gross rent in Richmond County was at its highest level in 2019 since the series began in 2005. At $903, real average gross rent in Richmond County was at its highest level in 2019 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
2019 $1,097 $1,049 $926 $903
2018 $1,077 $1,026 $886 $872
2017 $1,043 $988 $865 $828
2016 $1,027 $977 $839 $809
2015 $1,017 $964 $848 $824
2014 $986 $931 $809 $812
2013 $953 $895 $817 $793
2012 $940 $890 $818 $773
2011 $941 $900 $833 $768
2010 $955 $915 $793 $788
2009 $960 $912 $765 $743

more history ...

Richmond County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Richmond County Georgia was 11.17% according to Census ACS data.

Rental Vacancy Rate in Richmond County Georgia

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Georgia 7.28% +0.05% +1.13%
Richmond County GA 11.17% -1.81% +3.40%

Trends in Richmond County GA Rental Vacancy Rate

The rental vacancy rate in Richmond County peaked in 2017 at 13.54%. Since then it has fallen by 2.37% to 11.17%. Data records for this series originated in 2005.

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
2019 5.97% 7.28% 11.17%
2018 6.15% 7.23% 12.98%
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%

more history ...

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 24.71% in 2019 according to the ACS.

Richmond 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%
Richmond County GA 24.71% -1.78% +1.50%

Trends in Richmond County GA Rent as a Fraction of Income

The fraction of median Richmond County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 26.97%. Since then it has fallen by 2.27% to 24.71%.

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
2019 20.03% 20.31% 24.71%
2018 20.50% 20.59% 26.49%
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%

more history ...

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 2019 48.71% of households were renters according to Census ACS data.

Richmond 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%
Richmond County GA 48.71% -0.30% +2.11%

Trends in the Richmond County GA Renter Fraction

The Richmond County household renter fraction peaked in in 2018 at 49.01% and is now 0.30% 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
2019 35.89% 35.87% 48.71%
2018 36.05% 36.20% 49.01%
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%

more history ...

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.