Department of Numbers

Troup County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Troup County GA was $735 in 2017 according to the Census ACS survey.1 Average gross rent in Troup County was $692 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 Troup County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Troup 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%
Troup County GA Median Gross Rent $735 -8.47% -11.76%

Troup County GA Real Gross Rent Trends

Median gross rent for Troup County peaked in real terms in 2014 at $833 and is now $98 (11.76%) lower. Average gross rent for Troup County peaked in real terms in 2014 at $794 and is now $102 (12.85%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Troup County

Date US
Median
Georgia
Median
Troup County GA
Median
Troup County GA
Average
2017 $1,012 $958 $735 $692
2016 $996 $948 $803 $740
2015 $987 $935 $763 $724
2014 $956 $903 $833 $794
2013 $924 $868 $797 $728
2012 $912 $864 $788 $760
2011 $912 $873 $754 $738
2010 $927 $888 $738 $719
2009 $931 $884
2008 $947 $904
2007 $899 $875
2006 $909 $879

Troup County 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 Troup County Georgia was 4.92% according to Census ACS data.

Rental Vacancy Rate in Troup County Georgia

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

Trends in Troup County GA Rental Vacancy Rate

The rental vacancy rate in Troup County peaked in 2011 at 9.77%. Since then it has fallen by 4.85% to 4.92%. Data records for this series originated in 2010. From a 2014 post peak low of 3.26%, the rental vacancy rate has increased by 1.66%.

Rental Vacancy Rate: Troup County GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Troup County

Date US Georgia Troup County GA
2017 6.18% 6.73%
2016 5.89% 6.15% 4.92%
2015 5.85% 6.47% 4.05%
2014 6.32% 8.17% 3.26%
2013 6.49% 9.26%
2012 6.77% 9.53%
2011 7.40% 10.72% 9.77%
2010 8.17% 11.72%
2009 8.43% 12.32%
2008 7.86% 10.89%
2007 7.87% 10.54%
2006 7.70% 10.33%

Rent as a Fraction of Income

Using median household income data for Troup County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Troup County, median monthly gross rent as a fraction of median household income was 22.63% in 2017 according to the ACS.

Troup 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%
Troup County GA 22.63% +0.23% -1.50%

Trends in Troup County GA Rent as a Fraction of Income

The fraction of median Troup County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2010 series origin) at 24.95%. Since then it has fallen by 2.33% to 22.63%.

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

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

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

Date US Georgia Troup County GA
2017 20.13% 20.46% 22.63%
2016 20.43% 20.90% 22.40%
2015 20.63% 21.29% 22.79%
2014 20.89% 21.46% 24.13%
2013 20.78% 21.33% 21.45%
2012 20.65% 21.28% 24.95%
2011 20.70% 21.73% 21.40%
2010 20.50% 21.17% 19.70%
2009 20.12% 20.17%
2008 19.00% 18.57%
2007 18.66% 18.76%
2006 18.90% 18.91%

Renter Fraction in Troup County Georgia

You can calculate the renter fraction in Troup 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 Troup County as a fraction of total Troup County households. In 2017 40.58% of households were renters according to Census ACS data.

Troup 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%
Troup County GA 40.58% +0.26% -2.72%

Trends in the Troup County GA Renter Fraction

The Troup County household renter fraction peaked in in 2015 at 46.98% and is now 6.40% below that level. The origin year for the series is 2010.

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

Fraction of renters in Troup County

History of Troup County Renter Fraction

Date US Georgia Troup County GA
2017 36.13% 37.12% 40.58%
2016 36.88% 38.46% 40.32%
2015 36.97% 38.16% 46.98%
2014 36.90% 37.77% 43.30%
2013 36.50% 37.34% 44.77%
2012 36.09% 36.35% 37.72%
2011 35.42% 35.42% 39.43%
2010 34.65% 33.83% 34.93%
2009 34.13% 32.96%
2008 33.36% 32.55%
2007 32.80% 31.46%
2006 32.73% 32.33%

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.