Department of Numbers

Walton County Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Walton County GA was $870 in 2017 according to the Census ACS survey.1 Average gross rent in Walton County was $811 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 Walton County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Walton 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%
Walton County GA Median Gross Rent $870 -10.49% +14.93%

Walton County GA Real Gross Rent Trends

Median gross rent for Walton County peaked in real terms in 2016 at $972 and is now $102 (10.49%) lower. Average gross rent for Walton County peaked in real terms in 2015 at $957 and is now $146 (15.26%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Walton County

Date US
Median
Georgia
Median
Walton County GA
Median
Walton County GA
Average
2017 $1,012 $958 $870 $811
2016 $996 $948 $972 $921
2015 $987 $935 $956 $957
2014 $956 $903 $757 $847
2013 $924 $868 $859 $809
2012 $912 $864 $792 $782
2011 $912 $873 $829 $793
2010 $927 $888 $815 $823
2009 $931 $884 $966 $888
2008 $947 $904 $825 $801
2007 $899 $875 $678 $773
2006 $909 $879 $911 $857

Historical Rental Vacancy Rate data for Walton County

Date US Georgia Walton 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% 6.36%
2011 7.40% 10.72%
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 Walton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walton County, median monthly gross rent as a fraction of median household income was 19.03% in 2017 according to the ACS.

Walton 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%
Walton County GA 19.03% -2.56% +1.60%

Trends in Walton County GA Rent as a Fraction of Income

The fraction of median Walton County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.10%. Since then it has fallen by 3.07% to 19.03%.

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

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

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

Date US Georgia Walton County GA
2017 20.13% 20.46% 19.03%
2016 20.43% 20.90% 21.59%
2015 20.63% 21.29% 19.46%
2014 20.89% 21.46% 17.42%
2013 20.78% 21.33% 18.96%
2012 20.65% 21.28% 18.92%
2011 20.70% 21.73% 18.94%
2010 20.50% 21.17% 17.99%
2009 20.12% 20.17% 22.10%
2008 19.00% 18.57% 16.64%
2007 18.66% 18.76% 14.81%
2006 18.90% 18.91% 17.27%

Renter Fraction in Walton County Georgia

You can calculate the renter fraction in Walton 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 Walton County as a fraction of total Walton County households. In 2017 29.70% of households were renters according to Census ACS data.

Walton 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%
Walton County GA 29.70% +1.95% +1.38%

Trends in the Walton County GA Renter Fraction

The Walton County household renter fraction peaked in in 2013 at 31.59% and is now 1.89% below that level. The origin year for the series is 2005.

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

Fraction of renters in Walton County

History of Walton County Renter Fraction

Date US Georgia Walton County GA
2017 36.13% 37.12% 29.70%
2016 36.88% 38.46% 27.75%
2015 36.97% 38.16% 26.21%
2014 36.90% 37.77% 28.32%
2013 36.50% 37.34% 31.59%
2012 36.09% 36.35% 27.81%
2011 35.42% 35.42% 22.05%
2010 34.65% 33.83% 20.34%
2009 34.13% 32.96% 25.08%
2008 33.36% 32.55% 30.96%
2007 32.80% 31.46% 22.94%
2006 32.73% 32.33% 26.32%

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.