Carroll County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Carroll County GA was $888 in 2019 according to the Census ACS survey.1 Average gross rent in Carroll County was $895 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 Carroll County median and average rent data will be released in September of 2021.
Data is also available below for Carroll County rental vacancy rates, Carroll County rent as a percent of median income and the fraction of renters in Carroll County.
Real Gross Rent in Carroll 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% |
| Carroll County GA Median Gross Rent | $888 | -0.22% | +7.77% |
Carroll County GA Real Gross Rent Trends
Median gross rent for Carroll County peaked in real terms in 2015 at $891 and is now $3 (0.34%) lower. At $895, real average gross rent in Carroll County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Carroll County GA Median, Carroll County GA Average, Georgia Median, US Median
Real Gross Rent History for Carroll County
| Date | US Median |
Georgia Median |
Carroll County GA Median |
Carroll County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $888 | $895 |
| 2018 | $1,077 | $1,026 | $890 | $840 |
| 2017 | $1,043 | $988 | $852 | $784 |
| 2016 | $1,027 | $977 | $824 | $742 |
| 2015 | $1,017 | $964 | $891 | $841 |
| 2014 | $986 | $931 | $813 | $739 |
| 2013 | $953 | $895 | $815 | $810 |
| 2012 | $940 | $890 | $791 | $800 |
| 2011 | $941 | $900 | $813 | $797 |
| 2010 | $955 | $915 | $839 | $875 |
| 2009 | $960 | $912 | $868 | $851 |
| 2007 | $927 | $902 | $822 | $757 |
| 2005 | $910 | $886 | $810 | $811 |
Carroll County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Carroll County Georgia was 5.59% according to Census ACS data.
Rental Vacancy Rate in Carroll County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Carroll County GA | — | — | — |
Trends in Carroll County GA Rental Vacancy Rate
The rental vacancy rate in Carroll County peaked in 2009 at 12.96%. Since then it has fallen by 7.37% to 5.59%. Data records for this series originated in 2005.
Rental Vacancy Rate: Carroll County GA, Georgia, US
Historical Rental Vacancy Rate data for Carroll County
| Date | US | Georgia | Carroll County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | — |
| 2018 | 6.15% | 7.23% | — |
| 2017 | 6.18% | 6.73% | — |
| 2016 | 5.89% | 6.15% | — |
| 2015 | 5.85% | 6.47% | — |
| 2014 | 6.32% | 8.17% | 5.59% |
| 2013 | 6.49% | 9.26% | — |
| 2012 | 6.77% | 9.53% | — |
| 2011 | 7.40% | 10.72% | — |
| 2010 | 8.17% | 11.72% | 12.42% |
| 2009 | 8.43% | 12.32% | 12.96% |
| 2007 | 7.87% | 10.54% | 6.29% |
| 2005 | 7.74% | 11.53% | 5.92% |
Rent as a Fraction of Income
Using median household income data for Carroll County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Carroll County, median monthly gross rent as a fraction of median household income was 17.43% in 2019 according to the ACS.
Carroll 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% |
| Carroll County GA | 17.43% | -2.92% | -1.00% |
Trends in Carroll County GA Rent as a Fraction of Income
The fraction of median Carroll County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.22%. Since then it has fallen by 5.79% to 17.43%.
Fraction of Income towards Rent: Carroll County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Carroll County Georgia
| Date | US | Georgia | Carroll County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 17.43% |
| 2018 | 20.50% | 20.59% | 20.35% |
| 2017 | 20.13% | 20.46% | 19.78% |
| 2016 | 20.43% | 20.90% | 18.44% |
| 2015 | 20.63% | 21.29% | 23.22% |
| 2014 | 20.89% | 21.46% | 22.68% |
| 2013 | 20.78% | 21.33% | 20.33% |
| 2012 | 20.65% | 21.28% | 20.70% |
| 2011 | 20.70% | 21.73% | 21.08% |
| 2010 | 20.50% | 21.17% | 19.58% |
| 2009 | 20.12% | 20.17% | 20.15% |
| 2007 | 18.66% | 18.76% | 20.05% |
| 2005 | 18.89% | 18.66% | 17.65% |
Renter Fraction in Carroll County Georgia
You can calculate the renter fraction in Carroll 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 Carroll County as a fraction of total Carroll County households. In 2019 32.62% of households were renters according to Census ACS data.
Carroll 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% |
| Carroll County GA | 32.62% | +1.74% | +3.16% |
Trends in the Carroll County GA Renter Fraction
The Carroll County household renter fraction peaked in in 2015 at 40.93% and is now 8.31% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Carroll County GA, Georgia, US
History of Carroll County Renter Fraction
| Date | US | Georgia | Carroll County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 32.62% |
| 2018 | 36.05% | 36.20% | 30.88% |
| 2017 | 36.13% | 37.12% | 35.29% |
| 2016 | 36.88% | 38.46% | 29.46% |
| 2015 | 36.97% | 38.16% | 40.93% |
| 2014 | 36.90% | 37.77% | 39.23% |
| 2013 | 36.50% | 37.34% | 36.65% |
| 2012 | 36.09% | 36.35% | 34.99% |
| 2011 | 35.42% | 35.42% | 33.15% |
| 2010 | 34.65% | 33.83% | 32.43% |
| 2009 | 34.13% | 32.96% | 28.10% |
| 2007 | 32.80% | 31.46% | 31.65% |
| 2005 | 33.10% | 33.19% | 35.77% |
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. ↩
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