Coweta County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Coweta County GA was $1,152 in 2019 according to the Census ACS survey.1 Average gross rent in Coweta County was $1,073 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 Coweta County median and average rent data will be released in September of 2021.
Data is also available below for Coweta County rental vacancy rates, Coweta County rent as a percent of median income and the fraction of renters in Coweta County.
Real Gross Rent in Coweta 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% |
| Coweta County GA Median Gross Rent | $1,152 | +0.09% | +11.20% |
Coweta County GA Real Gross Rent Trends
At $1,152, real median gross rent in Coweta County was at its highest level in 2019 since the series began in 2005. Average gross rent for Coweta County peaked in real terms in 2015 at $1,095 and is now $22 (2.01%) lower.
Real Gross Rent: Coweta County GA Median, Coweta County GA Average, Georgia Median, US Median
Real Gross Rent History for Coweta County
| Date | US Median |
Georgia Median |
Coweta County GA Median |
Coweta County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $1,152 | $1,073 |
| 2018 | $1,077 | $1,026 | $1,151 | $1,067 |
| 2017 | $1,043 | $988 | $1,108 | $1,074 |
| 2016 | $1,027 | $977 | $1,036 | $1,042 |
| 2015 | $1,017 | $964 | $1,032 | $1,095 |
| 2014 | $986 | $931 | $959 | $922 |
| 2013 | $953 | $895 | $946 | $904 |
| 2012 | $940 | $890 | $949 | $946 |
| 2011 | $941 | $900 | $939 | $909 |
| 2010 | $955 | $915 | $990 | $976 |
| 2009 | $960 | $912 | $1,050 | $1,008 |
| 2007 | $927 | $902 | $952 | $939 |
| 2005 | $910 | $886 | $1,058 | $955 |
Coweta County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2010 the rental vacancy rate for Coweta County Georgia was 6.97% according to Census ACS data.
Rental Vacancy Rate in Coweta County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Coweta County GA | — | — | — |
Trends in Coweta County GA Rental Vacancy Rate
The rental vacancy rate in Coweta County peaked in 2007 at 13.28%. Since then it has fallen by 6.31% to 6.97%. Data records for this series originated in 2005.
Rental Vacancy Rate: Coweta County GA, Georgia, US
Historical Rental Vacancy Rate data for Coweta County
| Date | US | Georgia | Coweta 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% | — |
| 2011 | 7.40% | 10.72% | — |
| 2010 | 8.17% | 11.72% | 6.97% |
| 2009 | 8.43% | 12.32% | — |
| 2007 | 7.87% | 10.54% | 13.28% |
| 2005 | 7.74% | 11.53% | — |
Rent as a Fraction of Income
Using median household income data for Coweta County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Coweta County, median monthly gross rent as a fraction of median household income was 17.63% in 2019 according to the ACS.
Coweta 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% |
| Coweta County GA | 17.63% | -1.97% | +0.96% |
Trends in Coweta County GA Rent as a Fraction of Income
The fraction of median Coweta County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 19.60%. Since then it has fallen by 1.97% to 17.63%.
Fraction of Income towards Rent: Coweta County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Coweta County Georgia
| Date | US | Georgia | Coweta County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 17.63% |
| 2018 | 20.50% | 20.59% | 19.60% |
| 2017 | 20.13% | 20.46% | 17.72% |
| 2016 | 20.43% | 20.90% | 16.66% |
| 2015 | 20.63% | 21.29% | 17.34% |
| 2014 | 20.89% | 21.46% | 18.31% |
| 2013 | 20.78% | 21.33% | 17.56% |
| 2012 | 20.65% | 21.28% | 17.43% |
| 2011 | 20.70% | 21.73% | 19.03% |
| 2010 | 20.50% | 21.17% | 19.21% |
| 2009 | 20.12% | 20.17% | 18.62% |
| 2007 | 18.66% | 18.76% | 16.78% |
| 2005 | 18.89% | 18.66% | 18.52% |
Renter Fraction in Coweta County Georgia
You can calculate the renter fraction in Coweta 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 Coweta County as a fraction of total Coweta County households. In 2019 26.27% of households were renters according to Census ACS data.
Coweta 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% |
| Coweta County GA | 26.27% | -2.52% | -3.84% |
Trends in the Coweta County GA Renter Fraction
The Coweta County household renter fraction peaked in in 2011 at 30.98% and is now 4.71% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Coweta County GA, Georgia, US
History of Coweta County Renter Fraction
| Date | US | Georgia | Coweta County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 26.27% |
| 2018 | 36.05% | 36.20% | 28.79% |
| 2017 | 36.13% | 37.12% | 26.61% |
| 2016 | 36.88% | 38.46% | 30.11% |
| 2015 | 36.97% | 38.16% | 27.79% |
| 2014 | 36.90% | 37.77% | 27.53% |
| 2013 | 36.50% | 37.34% | 26.50% |
| 2012 | 36.09% | 36.35% | 27.79% |
| 2011 | 35.42% | 35.42% | 30.98% |
| 2010 | 34.65% | 33.83% | 25.43% |
| 2009 | 34.13% | 32.96% | 20.95% |
| 2007 | 32.80% | 31.46% | 24.89% |
| 2005 | 33.10% | 33.19% | 27.29% |
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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