Cherokee County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Cherokee County GA was $1,266 in 2019 according to the Census ACS survey.1 Average gross rent in Cherokee County was $1,185 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 Cherokee County median and average rent data will be released in September of 2021.
Data is also available below for Cherokee County rental vacancy rates, Cherokee County rent as a percent of median income and the fraction of renters in Cherokee County.
Real Gross Rent in Cherokee 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% |
| Cherokee County GA Median Gross Rent | $1,266 | -1.48% | +3.01% |
Cherokee County GA Real Gross Rent Trends
Median gross rent for Cherokee County peaked in real terms in 2018 at $1,285 and is now $19 (1.48%) lower. Average gross rent for Cherokee County peaked in real terms in 2017 at $1,274 and is now $89 (6.99%) lower.
Real Gross Rent: Cherokee County GA Median, Cherokee County GA Average, Georgia Median, US Median
Real Gross Rent History for Cherokee County
| Date | US Median |
Georgia Median |
Cherokee County GA Median |
Cherokee County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $1,266 | $1,185 |
| 2018 | $1,077 | $1,026 | $1,285 | $1,192 |
| 2017 | $1,043 | $988 | $1,271 | $1,274 |
| 2016 | $1,027 | $977 | $1,229 | $1,212 |
| 2015 | $1,017 | $964 | $1,120 | $1,066 |
| 2014 | $986 | $931 | $1,071 | $1,136 |
| 2013 | $953 | $895 | $1,037 | $1,037 |
| 2012 | $940 | $890 | $1,045 | $1,074 |
| 2011 | $941 | $900 | $1,004 | $1,066 |
| 2010 | $955 | $915 | $1,052 | $1,025 |
| 2009 | $960 | $912 | $1,143 | $1,139 |
| 2007 | $927 | $902 | $1,015 | $1,047 |
| 2005 | $910 | $886 | $1,086 | $1,036 |
Cherokee 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 Cherokee County Georgia was 3.04% according to Census ACS data.
Rental Vacancy Rate in Cherokee County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Cherokee County GA | — | — | — |
Trends in Cherokee County GA Rental Vacancy Rate
The rental vacancy rate in Cherokee County peaked in 2009 at 17.09%. Since then it has fallen by 14.05% to 3.04%. Data records for this series originated in 2005.
Rental Vacancy Rate: Cherokee County GA, Georgia, US
Historical Rental Vacancy Rate data for Cherokee County
| Date | US | Georgia | Cherokee County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | — |
| 2018 | 6.15% | 7.23% | — |
| 2017 | 6.18% | 6.73% | — |
| 2016 | 5.89% | 6.15% | 3.04% |
| 2015 | 5.85% | 6.47% | — |
| 2014 | 6.32% | 8.17% | 7.34% |
| 2013 | 6.49% | 9.26% | 8.41% |
| 2012 | 6.77% | 9.53% | 11.50% |
| 2011 | 7.40% | 10.72% | 6.17% |
| 2010 | 8.17% | 11.72% | 9.50% |
| 2009 | 8.43% | 12.32% | 17.09% |
| 2007 | 7.87% | 10.54% | 4.66% |
| 2005 | 7.74% | 11.53% | 10.97% |
Rent as a Fraction of Income
Using median household income data for Cherokee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cherokee County, median monthly gross rent as a fraction of median household income was 17.58% in 2019 according to the ACS.
Cherokee 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% |
| Cherokee County GA | 17.58% | -0.87% | -0.49% |
Trends in Cherokee County GA Rent as a Fraction of Income
The fraction of median Cherokee County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 19.37%. Since then it has fallen by 1.79% to 17.58%.
Fraction of Income towards Rent: Cherokee County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Cherokee County Georgia
| Date | US | Georgia | Cherokee County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 17.58% |
| 2018 | 20.50% | 20.59% | 18.45% |
| 2017 | 20.13% | 20.46% | 19.37% |
| 2016 | 20.43% | 20.90% | 18.07% |
| 2015 | 20.63% | 21.29% | 17.10% |
| 2014 | 20.89% | 21.46% | 17.45% |
| 2013 | 20.78% | 21.33% | 18.27% |
| 2012 | 20.65% | 21.28% | 17.59% |
| 2011 | 20.70% | 21.73% | 17.85% |
| 2010 | 20.50% | 21.17% | 18.26% |
| 2009 | 20.12% | 20.17% | 18.54% |
| 2007 | 18.66% | 18.76% | 17.06% |
| 2005 | 18.89% | 18.66% | 16.67% |
Renter Fraction in Cherokee County Georgia
You can calculate the renter fraction in Cherokee 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 Cherokee County as a fraction of total Cherokee County households. In 2019 25.78% of households were renters according to Census ACS data.
Cherokee 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% |
| Cherokee County GA | 25.78% | +1.55% | +2.77% |
Trends in the Cherokee County GA Renter Fraction
The Cherokee County household renter fraction peaked in in 2014 at 27.15% and is now 1.37% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cherokee County GA, Georgia, US
History of Cherokee County Renter Fraction
| Date | US | Georgia | Cherokee County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 25.78% |
| 2018 | 36.05% | 36.20% | 24.23% |
| 2017 | 36.13% | 37.12% | 24.79% |
| 2016 | 36.88% | 38.46% | 23.01% |
| 2015 | 36.97% | 38.16% | 21.79% |
| 2014 | 36.90% | 37.77% | 27.15% |
| 2013 | 36.50% | 37.34% | 23.07% |
| 2012 | 36.09% | 36.35% | 18.42% |
| 2011 | 35.42% | 35.42% | 23.38% |
| 2010 | 34.65% | 33.83% | 19.94% |
| 2009 | 34.13% | 32.96% | 20.54% |
| 2007 | 32.80% | 31.46% | 18.39% |
| 2005 | 33.10% | 33.19% | 19.27% |
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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