Catoosa County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Catoosa County GA was $807 in 2019 according to the Census ACS survey.1 Average gross rent in Catoosa County was $733 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 Catoosa County median and average rent data will be released in September of 2021.
Data is also available below for Catoosa County rental vacancy rates, Catoosa County rent as a percent of median income and the fraction of renters in Catoosa County.
Real Gross Rent in Catoosa 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% |
| Catoosa County GA Median Gross Rent | $807 | +7.03% | +1.00% |
Catoosa County GA Real Gross Rent Trends
Median gross rent for Catoosa County peaked in real terms in 2013 at $838 and is now $31 (3.70%) lower. Average gross rent for Catoosa County peaked in real terms in 2013 at $790 and is now $57 (7.22%) lower. From a recent low of 678.0 in 2017, real average gross rent has now increased by $55 (8.11%).
Real Gross Rent: Catoosa County GA Median, Catoosa County GA Average, Georgia Median, US Median
Real Gross Rent History for Catoosa County
| Date | US Median |
Georgia Median |
Catoosa County GA Median |
Catoosa County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $807 | $733 |
| 2018 | $1,077 | $1,026 | $754 | $710 |
| 2017 | $1,043 | $988 | $755 | $678 |
| 2016 | $1,027 | $977 | $799 | $744 |
| 2015 | $1,017 | $964 | $766 | $692 |
| 2014 | $986 | $931 | $838 | $732 |
| 2013 | $953 | $895 | $838 | $790 |
| 2012 | $940 | $890 | $654 | $749 |
| 2011 | $941 | $900 | — | — |
| 2010 | $955 | $915 | — | — |
| 2009 | $960 | $912 | — | — |
| 2007 | $927 | $902 | — | — |
| 2005 | $910 | $886 | — | — |
Historical Rental Vacancy Rate data for Catoosa County
| Date | US | Georgia | Catoosa 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% | — |
| 2013 | 6.49% | 9.26% | — |
| 2012 | 6.77% | 9.53% | 14.39% |
| 2011 | 7.40% | 10.72% | — |
| 2010 | 8.17% | 11.72% | — |
| 2009 | 8.43% | 12.32% | — |
| 2007 | 7.87% | 10.54% | — |
| 2005 | 7.74% | 11.53% | — |
Rent as a Fraction of Income
Using median household income data for Catoosa County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Catoosa County, median monthly gross rent as a fraction of median household income was 15.75% in 2019 according to the ACS.
Catoosa 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% |
| Catoosa County GA | 15.75% | -0.03% | -0.68% |
Trends in Catoosa County GA Rent as a Fraction of Income
The fraction of median Catoosa County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2012 series origin) at 18.51%. Since then it has fallen by 2.76% to 15.75%.
Fraction of Income towards Rent: Catoosa County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Catoosa County Georgia
| Date | US | Georgia | Catoosa County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 15.75% |
| 2018 | 20.50% | 20.59% | 15.78% |
| 2017 | 20.13% | 20.46% | 16.50% |
| 2016 | 20.43% | 20.90% | 16.43% |
| 2015 | 20.63% | 21.29% | 16.98% |
| 2014 | 20.89% | 21.46% | 18.18% |
| 2013 | 20.78% | 21.33% | 18.51% |
| 2012 | 20.65% | 21.28% | 17.47% |
| 2011 | 20.70% | 21.73% | — |
| 2010 | 20.50% | 21.17% | — |
| 2009 | 20.12% | 20.17% | — |
| 2007 | 18.66% | 18.76% | — |
| 2005 | 18.89% | 18.66% | — |
Renter Fraction in Catoosa County Georgia
You can calculate the renter fraction in Catoosa 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 Catoosa County as a fraction of total Catoosa County households. In 2019 25.89% of households were renters according to Census ACS data.
Catoosa 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% |
| Catoosa County GA | 25.89% | +7.72% | -0.32% |
Trends in the Catoosa County GA Renter Fraction
The Catoosa County household renter fraction peaked in in 2013 at 33.36% and is now 7.47% below that level. From a recent low of 18.17% in 2018, the household based renter fraction has now grown by 7.72%. The origin year for the series is 2012.
Fraction of Renting Households: Catoosa County GA, Georgia, US
History of Catoosa County Renter Fraction
| Date | US | Georgia | Catoosa County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 25.89% |
| 2018 | 36.05% | 36.20% | 18.17% |
| 2017 | 36.13% | 37.12% | 28.56% |
| 2016 | 36.88% | 38.46% | 26.21% |
| 2015 | 36.97% | 38.16% | 24.60% |
| 2014 | 36.90% | 37.77% | 23.19% |
| 2013 | 36.50% | 37.34% | 33.36% |
| 2012 | 36.09% | 36.35% | 21.97% |
| 2011 | 35.42% | 35.42% | — |
| 2010 | 34.65% | 33.83% | — |
| 2009 | 34.13% | 32.96% | — |
| 2007 | 32.80% | 31.46% | — |
| 2005 | 33.10% | 33.19% | — |
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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