Department of Numbers

Valdosta Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Valdosta, GA (the Valdosta metro area) was $723 in 2016 according to the Census ACS survey.1 Average gross rent in Valdosta was $721 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 Valdosta median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Valdosta 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%
Valdosta, GA Median Gross Rent $723 -1.23% +2.55%

Valdosta, GA Real Gross Rent Trends

Median gross rent for Valdosta peaked in real terms in 2012 at $787 and is now $64 (8.13%) lower. Average gross rent for Valdosta peaked in real terms in 2010 at $765 and is now $44 (5.75%) lower.

Real Gross Rent in Valdosta: Valdosta GA Median, Valdosta GA Average, Georgia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Valdosta

Date US
Median
Georgia
Median
Valdosta, GA
Median
Valdosta, GA
Average
2016 $981 $933 $723 $721
2015 $972 $921 $732 $689
2014 $942 $889 $725 $689
2013 $910 $855 $705 $666
2012 $898 $850 $787 $737
2011 $898 $859 $744 $690
2010 $912 $874 $779 $765
2009 $916 $871 $771 $740
2008 $932 $890 $766 $751
2007 $885 $862 $752 $712
2006 $895 $865 $695 $680
2005 $869 $846 $683 $635

Valdosta 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 Valdosta Georgia was 10.07% according to Census ACS data.

Rental Vacancy Rate in Valdosta Georgia

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Georgia 6.15% -0.32% -3.11%
Valdosta, GA 10.07% -2.65% +7.32%

Trends in Valdosta, GA Rental Vacancy Rate

The rental vacancy rate in Valdosta peaked in 2015 at 12.72%. Since then it has fallen by 2.65% to 10.07%. Data records for this series originated in 2005.

Rental Vacancy Rate: Valdosta GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Valdosta

Date US Georgia Valdosta, GA
2016 5.89% 6.15% 10.07%
2015 5.85% 6.47% 12.72%
2014 6.32% 8.17% 6.70%
2013 6.49% 9.26% 2.75%
2012 6.77% 9.53% 6.11%
2011 7.40% 10.72% 7.32%
2010 8.17% 11.72% 4.68%
2009 8.43% 12.32%
2008 7.86% 10.89% 5.26%
2007 7.87% 10.54%
2006 7.70% 10.33% 5.34%
2005 7.74% 11.53% 6.51%

Rent as a Fraction of Income

Using median household income data for Valdosta, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Valdosta, median monthly gross rent as a fraction of median household income was 21.84% in 2016 according to the ACS.

Valdosta 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%
Valdosta, GA 21.84% -1.78% -2.13%

Trends in Valdosta, GA Rent as a Fraction of Income

The fraction of median Valdosta household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 26.67%. Since then it has fallen by 4.83% to 21.84%.

Fraction of Income towards Rent: Valdosta GA, Georgia, US

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

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

Date US Georgia Valdosta, GA
2016 20.43% 20.90% 21.84%
2015 20.63% 21.29% 23.61%
2014 20.89% 21.46% 23.74%
2013 20.78% 21.33% 23.96%
2012 20.65% 21.28% 25.51%
2011 20.70% 21.73% 26.67%
2010 20.50% 21.17% 24.31%
2009 20.12% 20.17% 22.03%
2008 19.00% 18.57% 19.31%
2007 18.66% 18.76% 20.37%
2006 18.90% 18.91% 20.64%
2005 18.89% 18.66% 17.86%

Renter Fraction in Valdosta Georgia

You can calculate the renter fraction in Valdosta 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 Valdosta as a fraction of total Valdosta households. In 2016 45.95% of households were renters according to Census ACS data.

Valdosta 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%
Valdosta, GA 45.95% +0.55% -0.79%

Trends in the Valdosta, GA Renter Fraction

The Valdosta household renter fraction peaked in in 2013 at 46.74% and is now 0.79% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Valdosta GA, Georgia, US

Fraction of renters in Valdosta

History of Valdosta Renter Fraction

Date US Georgia Valdosta, GA
2016 36.88% 38.46% 45.95%
2015 36.97% 38.16% 45.40%
2014 36.90% 37.77% 42.77%
2013 36.50% 37.34% 46.74%
2012 36.09% 36.35% 46.63%
2011 35.42% 35.42% 43.25%
2010 34.65% 33.83% 41.57%
2009 34.13% 32.96% 42.47%
2008 33.36% 32.55% 35.01%
2007 32.80% 31.46% 35.94%
2006 32.73% 32.33% 41.52%
2005 33.10% 33.19% 39.37%

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.