Fulton County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Fulton County GA was $1,324 in 2019 according to the Census ACS survey.1 Average gross rent in Fulton County was $1,326 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 Fulton County median and average rent data will be released in September of 2021.
Data is also available below for Fulton County rental vacancy rates, Fulton County rent as a percent of median income and the fraction of renters in Fulton County.
Real Gross Rent in Fulton 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% |
| Fulton County GA Median Gross Rent | $1,324 | +5.75% | +12.20% |
Fulton County GA Real Gross Rent Trends
At $1,324, real median gross rent in Fulton County was at its highest level in 2019 since the series began in 2005. At $1,326, real average gross rent in Fulton County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Fulton County GA Median, Fulton County GA Average, Georgia Median, US Median
Real Gross Rent History for Fulton County
| Date | US Median |
Georgia Median |
Fulton County GA Median |
Fulton County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $1,324 | $1,326 |
| 2018 | $1,077 | $1,026 | $1,252 | $1,265 |
| 2017 | $1,043 | $988 | $1,218 | $1,234 |
| 2016 | $1,027 | $977 | $1,180 | $1,199 |
| 2015 | $1,017 | $964 | $1,103 | $1,133 |
| 2014 | $986 | $931 | $1,079 | $1,106 |
| 2013 | $953 | $895 | $1,028 | $1,046 |
| 2012 | $940 | $890 | $1,011 | $1,036 |
| 2011 | $941 | $900 | $994 | $1,056 |
| 2010 | $955 | $915 | $1,043 | $1,062 |
| 2009 | $960 | $912 | $1,035 | $1,062 |
| 2007 | $927 | $902 | $1,046 | $1,044 |
| 2005 | $910 | $886 | $1,029 | $1,035 |
Fulton 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 Fulton County Georgia was 9.03% according to Census ACS data.
Rental Vacancy Rate in Fulton County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Fulton County GA | 9.03% | -0.27% | +2.56% |
Trends in Fulton County GA Rental Vacancy Rate
The rental vacancy rate in Fulton County peaked in 2006 at 17.07%. Since then it has fallen by 8.04% to 9.03%. Data records for this series originated in 2005. From a 2016 post peak low of 6.47%, the rental vacancy rate has increased by 2.56%.
Rental Vacancy Rate: Fulton County GA, Georgia, US
Historical Rental Vacancy Rate data for Fulton County
| Date | US | Georgia | Fulton County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | 9.03% |
| 2018 | 6.15% | 7.23% | 9.30% |
| 2017 | 6.18% | 6.73% | 7.60% |
| 2016 | 5.89% | 6.15% | 6.47% |
| 2015 | 5.85% | 6.47% | 7.37% |
| 2014 | 6.32% | 8.17% | 9.34% |
| 2013 | 6.49% | 9.26% | 8.37% |
| 2012 | 6.77% | 9.53% | 9.02% |
| 2011 | 7.40% | 10.72% | 11.72% |
| 2010 | 8.17% | 11.72% | 15.41% |
| 2009 | 8.43% | 12.32% | 15.14% |
| 2007 | 7.87% | 10.54% | 14.55% |
| 2005 | 7.74% | 11.53% | 14.41% |
Rent as a Fraction of Income
Using median household income data for Fulton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fulton County, median monthly gross rent as a fraction of median household income was 19.86% in 2019 according to the ACS.
Fulton 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% |
| Fulton County GA | 19.86% | -0.95% | -1.44% |
Trends in Fulton County GA Rent as a Fraction of Income
The fraction of median Fulton County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 21.98%. Since then it has fallen by 2.12% to 19.86%.
Fraction of Income towards Rent: Fulton County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Fulton County Georgia
| Date | US | Georgia | Fulton County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 19.86% |
| 2018 | 20.50% | 20.59% | 20.81% |
| 2017 | 20.13% | 20.46% | 21.79% |
| 2016 | 20.43% | 20.90% | 21.29% |
| 2015 | 20.63% | 21.29% | 20.70% |
| 2014 | 20.89% | 21.46% | 21.98% |
| 2013 | 20.78% | 21.33% | 20.95% |
| 2012 | 20.65% | 21.28% | 20.59% |
| 2011 | 20.70% | 21.73% | 20.56% |
| 2010 | 20.50% | 21.17% | 21.19% |
| 2009 | 20.12% | 20.17% | 19.40% |
| 2007 | 18.66% | 18.76% | 18.15% |
| 2005 | 18.89% | 18.66% | 18.82% |
Renter Fraction in Fulton County Georgia
You can calculate the renter fraction in Fulton 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 Fulton County as a fraction of total Fulton County households. In 2019 46.85% of households were renters according to Census ACS data.
Fulton 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% |
| Fulton County GA | 46.85% | +0.39% | -3.03% |
Trends in the Fulton County GA Renter Fraction
The Fulton County household renter fraction peaked in in 2015 at 50.30% and is now 3.45% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Fulton County GA, Georgia, US
History of Fulton County Renter Fraction
| Date | US | Georgia | Fulton County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 46.85% |
| 2018 | 36.05% | 36.20% | 46.46% |
| 2017 | 36.13% | 37.12% | 48.55% |
| 2016 | 36.88% | 38.46% | 49.88% |
| 2015 | 36.97% | 38.16% | 50.30% |
| 2014 | 36.90% | 37.77% | 48.91% |
| 2013 | 36.50% | 37.34% | 48.26% |
| 2012 | 36.09% | 36.35% | 47.51% |
| 2011 | 35.42% | 35.42% | 47.28% |
| 2010 | 34.65% | 33.83% | 45.72% |
| 2009 | 34.13% | 32.96% | 41.48% |
| 2007 | 32.80% | 31.46% | 40.50% |
| 2005 | 33.10% | 33.19% | 44.42% |
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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