Forsyth County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Forsyth County GA was $1,442 in 2019 according to the Census ACS survey.1 Average gross rent in Forsyth County was $1,411 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 Forsyth County median and average rent data will be released in September of 2021.
Data is also available below for Forsyth County rental vacancy rates, Forsyth County rent as a percent of median income and the fraction of renters in Forsyth County.
Real Gross Rent in Forsyth 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% |
| Forsyth County GA Median Gross Rent | $1,442 | +1.69% | +15.08% |
Forsyth County GA Real Gross Rent Trends
Median gross rent for Forsyth County peaked in real terms in 2017 at $1,531 and is now $89 (5.81%) lower. Average gross rent for Forsyth County peaked in real terms in 2017 at $1,502 and is now $91 (6.06%) lower.
Real Gross Rent: Forsyth County GA Median, Forsyth County GA Average, Georgia Median, US Median
Real Gross Rent History for Forsyth County
| Date | US Median |
Georgia Median |
Forsyth County GA Median |
Forsyth County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $1,442 | $1,411 |
| 2018 | $1,077 | $1,026 | $1,418 | $1,374 |
| 2017 | $1,043 | $988 | $1,531 | $1,502 |
| 2016 | $1,027 | $977 | $1,253 | $1,270 |
| 2015 | $1,017 | $964 | $1,313 | $1,305 |
| 2014 | $986 | $931 | $1,247 | $1,230 |
| 2013 | $953 | $895 | $1,189 | $1,147 |
| 2012 | $940 | $890 | $1,198 | $1,193 |
| 2011 | $941 | $900 | — | — |
| 2010 | $955 | $915 | $1,226 | $1,056 |
| 2009 | $960 | $912 | $1,307 | $1,283 |
| 2007 | $927 | $902 | $1,235 | $1,217 |
| 2005 | $910 | $886 | $1,071 | $1,154 |
Forsyth County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Forsyth County Georgia was 6.46% according to Census ACS data.
Rental Vacancy Rate in Forsyth County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Forsyth County GA | 6.46% | +1.69% | +1.77% |
Trends in Forsyth County GA Rental Vacancy Rate
The rental vacancy rate in Forsyth County peaked in 2010 at 15.46%. Since then it has fallen by 9.00% to 6.46%. Data records for this series originated in 2005. From a 2015 post peak low of 1.03%, the rental vacancy rate has increased by 5.43%.
Rental Vacancy Rate: Forsyth County GA, Georgia, US
Historical Rental Vacancy Rate data for Forsyth County
| Date | US | Georgia | Forsyth County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | 6.46% |
| 2018 | 6.15% | 7.23% | 4.77% |
| 2017 | 6.18% | 6.73% | — |
| 2016 | 5.89% | 6.15% | 4.69% |
| 2015 | 5.85% | 6.47% | 1.03% |
| 2014 | 6.32% | 8.17% | 6.68% |
| 2013 | 6.49% | 9.26% | 5.53% |
| 2012 | 6.77% | 9.53% | 8.71% |
| 2011 | 7.40% | 10.72% | — |
| 2010 | 8.17% | 11.72% | 15.46% |
| 2009 | 8.43% | 12.32% | — |
| 2007 | 7.87% | 10.54% | 4.77% |
| 2005 | 7.74% | 11.53% | — |
Rent as a Fraction of Income
Using median household income data for Forsyth County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Forsyth County, median monthly gross rent as a fraction of median household income was 15.44% in 2019 according to the ACS.
Forsyth 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% |
| Forsyth County GA | 15.44% | -0.53% | +1.20% |
Trends in Forsyth County GA Rent as a Fraction of Income
The fraction of median Forsyth County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 17.46%. Since then it has fallen by 2.02% to 15.44%.
Fraction of Income towards Rent: Forsyth County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Forsyth County Georgia
| Date | US | Georgia | Forsyth County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 15.44% |
| 2018 | 20.50% | 20.59% | 15.97% |
| 2017 | 20.13% | 20.46% | 17.46% |
| 2016 | 20.43% | 20.90% | 14.23% |
| 2015 | 20.63% | 21.29% | 15.71% |
| 2014 | 20.89% | 21.46% | 16.55% |
| 2013 | 20.78% | 21.33% | 15.74% |
| 2012 | 20.65% | 21.28% | 15.80% |
| 2011 | 20.70% | 21.73% | 15.85% |
| 2010 | 20.50% | 21.17% | 16.49% |
| 2009 | 20.12% | 20.17% | 16.58% |
| 2007 | 18.66% | 18.76% | 14.86% |
| 2005 | 18.89% | 18.66% | 12.47% |
Renter Fraction in Forsyth County Georgia
You can calculate the renter fraction in Forsyth 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 Forsyth County as a fraction of total Forsyth County households. In 2019 15.21% of households were renters according to Census ACS data.
Forsyth 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% |
| Forsyth County GA | 15.21% | -0.60% | -1.55% |
Trends in the Forsyth County GA Renter Fraction
The Forsyth County household renter fraction peaked in in 2015 at 17.91% and is now 2.70% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Forsyth County GA, Georgia, US
History of Forsyth County Renter Fraction
| Date | US | Georgia | Forsyth County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 15.21% |
| 2018 | 36.05% | 36.20% | 15.81% |
| 2017 | 36.13% | 37.12% | 16.19% |
| 2016 | 36.88% | 38.46% | 16.76% |
| 2015 | 36.97% | 38.16% | 17.91% |
| 2014 | 36.90% | 37.77% | 17.64% |
| 2013 | 36.50% | 37.34% | 15.43% |
| 2012 | 36.09% | 36.35% | 14.42% |
| 2011 | 35.42% | 35.42% | 14.49% |
| 2010 | 34.65% | 33.83% | 14.90% |
| 2009 | 34.13% | 32.96% | 12.75% |
| 2007 | 32.80% | 31.46% | 14.15% |
| 2005 | 33.10% | 33.19% | 14.76% |
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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