Lowndes County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Lowndes County GA was $833 in 2019 according to the Census ACS survey.1 Average gross rent in Lowndes County was $796 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 Lowndes County median and average rent data will be released in September of 2021.
Data is also available below for Lowndes County rental vacancy rates, Lowndes County rent as a percent of median income and the fraction of renters in Lowndes County.
Real Gross Rent in Lowndes 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% |
| Lowndes County GA Median Gross Rent | $833 | +4.65% | +7.76% |
Lowndes County GA Real Gross Rent Trends
Median gross rent for Lowndes County peaked in real terms in 2012 at $850 and is now $17 (2.00%) lower. Average gross rent for Lowndes County peaked in real terms in 2010 at $832 and is now $36 (4.33%) lower.
Real Gross Rent: Lowndes County GA Median, Lowndes County GA Average, Georgia Median, US Median
Real Gross Rent History for Lowndes County
| Date | US Median |
Georgia Median |
Lowndes County GA Median |
Lowndes County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $833 | $796 |
| 2018 | $1,077 | $1,026 | $796 | $785 |
| 2017 | $1,043 | $988 | $801 | $808 |
| 2016 | $1,027 | $977 | $773 | $779 |
| 2015 | $1,017 | $964 | $774 | $738 |
| 2014 | $986 | $931 | $781 | $749 |
| 2013 | $953 | $895 | $756 | $726 |
| 2012 | $940 | $890 | $850 | $816 |
| 2011 | $941 | $900 | $792 | $744 |
| 2010 | $955 | $915 | $838 | $832 |
| 2009 | $960 | $912 | $832 | $826 |
| 2007 | $927 | $902 | $799 | $778 |
| 2005 | $910 | $886 | $733 | $711 |
Lowndes 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 Lowndes County Georgia was 11.36% according to Census ACS data.
Rental Vacancy Rate in Lowndes County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Lowndes County GA | 11.36% | — | — |
Trends in Lowndes County GA Rental Vacancy Rate
The rental vacancy rate in Lowndes County peaked in 2015 at 12.19%. Since then it has fallen by 0.83% to 11.36%. Data records for this series originated in 2005.
Rental Vacancy Rate: Lowndes County GA, Georgia, US
Historical Rental Vacancy Rate data for Lowndes County
| Date | US | Georgia | Lowndes County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | 11.36% |
| 2018 | 6.15% | 7.23% | — |
| 2017 | 6.18% | 6.73% | 11.04% |
| 2016 | 5.89% | 6.15% | — |
| 2015 | 5.85% | 6.47% | 12.19% |
| 2014 | 6.32% | 8.17% | 6.80% |
| 2013 | 6.49% | 9.26% | 1.58% |
| 2012 | 6.77% | 9.53% | 6.88% |
| 2011 | 7.40% | 10.72% | 7.99% |
| 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 Lowndes County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lowndes County, median monthly gross rent as a fraction of median household income was 21.88% in 2019 according to the ACS.
Lowndes 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% |
| Lowndes County GA | 21.88% | -5.02% | +0.52% |
Trends in Lowndes County GA Rent as a Fraction of Income
The fraction of median Lowndes County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 26.90%. Since then it has fallen by 5.02% to 21.88%.
Fraction of Income towards Rent: Lowndes County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Lowndes County Georgia
| Date | US | Georgia | Lowndes County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 21.88% |
| 2018 | 20.50% | 20.59% | 26.90% |
| 2017 | 20.13% | 20.46% | 22.66% |
| 2016 | 20.43% | 20.90% | 21.37% |
| 2015 | 20.63% | 21.29% | 25.42% |
| 2014 | 20.89% | 21.46% | 22.93% |
| 2013 | 20.78% | 21.33% | 24.40% |
| 2012 | 20.65% | 21.28% | 25.80% |
| 2011 | 20.70% | 21.73% | 26.74% |
| 2010 | 20.50% | 21.17% | 24.91% |
| 2009 | 20.12% | 20.17% | 22.80% |
| 2007 | 18.66% | 18.76% | 20.36% |
| 2005 | 18.89% | 18.66% | 18.25% |
Renter Fraction in Lowndes County Georgia
You can calculate the renter fraction in Lowndes 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 Lowndes County as a fraction of total Lowndes County households. In 2019 47.34% of households were renters according to Census ACS data.
Lowndes 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% |
| Lowndes County GA | 47.34% | -4.46% | -2.69% |
Trends in the Lowndes County GA Renter Fraction
The Lowndes County household renter fraction peaked in in 2018 at 51.80% and is now 4.46% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lowndes County GA, Georgia, US
History of Lowndes County Renter Fraction
| Date | US | Georgia | Lowndes County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 47.34% |
| 2018 | 36.05% | 36.20% | 51.80% |
| 2017 | 36.13% | 37.12% | 50.96% |
| 2016 | 36.88% | 38.46% | 50.03% |
| 2015 | 36.97% | 38.16% | 49.39% |
| 2014 | 36.90% | 37.77% | 45.66% |
| 2013 | 36.50% | 37.34% | 50.16% |
| 2012 | 36.09% | 36.35% | 51.31% |
| 2011 | 35.42% | 35.42% | 46.70% |
| 2010 | 34.65% | 33.83% | 44.33% |
| 2009 | 34.13% | 32.96% | 42.43% |
| 2007 | 32.80% | 31.46% | 38.52% |
| 2005 | 33.10% | 33.19% | 42.54% |
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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