Macon Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Macon, GA (the Macon metro area) was $831 in 2019 according to the Census ACS survey.1 Average gross rent in Macon was $780 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 Macon median and average rent data will be released in September of 2021.
Data is also available below for Macon rental vacancy rates, Macon rent as a percent of median income and the fraction of renters in Macon.
Real Gross Rent in Macon 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% |
| Macon, GA Median Gross Rent | $831 | +4.66% | +6.81% |
Macon, GA Real Gross Rent Trends
At $831, real median gross rent in Macon was at its highest level in 2019 since the series began in 2005. Average gross rent for Macon peaked in real terms in 2018 at $796 and is now $16 (2.01%) lower.
Real Gross Rent in Macon: Macon GA Median, Macon GA Average, Georgia Median, US Median
Real Gross Rent History for Macon
| Date | US Median |
Georgia Median |
Macon, GA Median |
Macon, GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $831 | $780 |
| 2018 | $1,077 | $1,026 | $794 | $796 |
| 2017 | $1,043 | $988 | $802 | $765 |
| 2016 | $1,027 | $977 | $778 | $736 |
| 2015 | $1,017 | $964 | $797 | $716 |
| 2014 | $986 | $931 | $782 | $737 |
| 2013 | $953 | $895 | $781 | $733 |
| 2012 | $940 | $890 | $741 | $731 |
| 2011 | $941 | $900 | $785 | $759 |
| 2010 | $955 | $915 | $764 | $750 |
| 2009 | $960 | $912 | $782 | $756 |
| 2007 | $927 | $902 | $703 | $680 |
| 2005 | $910 | $886 | $715 | $679 |
Macon 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 Macon Georgia was 11.62% according to Census ACS data.
Rental Vacancy Rate in Macon Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Macon, GA | 11.62% | +3.86% | +5.71% |
Trends in Macon, GA Rental Vacancy Rate
The rental vacancy rate in Macon peaked in 2013 at 17.26%. Since then it has fallen by 5.64% to 11.62%. Data records for this series originated in 2005.
Rental Vacancy Rate: Macon GA, Georgia, US
Historical Rental Vacancy Rate data for Macon
| Date | US | Georgia | Macon, GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | 11.62% |
| 2018 | 6.15% | 7.23% | 7.76% |
| 2017 | 6.18% | 6.73% | 6.90% |
| 2016 | 5.89% | 6.15% | 5.91% |
| 2015 | 5.85% | 6.47% | 7.63% |
| 2014 | 6.32% | 8.17% | 11.90% |
| 2013 | 6.49% | 9.26% | 17.26% |
| 2012 | 6.77% | 9.53% | 12.18% |
| 2011 | 7.40% | 10.72% | 6.45% |
| 2010 | 8.17% | 11.72% | 15.33% |
| 2009 | 8.43% | 12.32% | 16.08% |
| 2007 | 7.87% | 10.54% | 5.76% |
| 2005 | 7.74% | 11.53% | 13.14% |
Rent as a Fraction of Income
Using median household income data for Macon, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Macon, median monthly gross rent as a fraction of median household income was 20.59% in 2019 according to the ACS.
Macon 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% |
| Macon, GA | 20.59% | -1.38% | -1.72% |
Trends in Macon, GA Rent as a Fraction of Income
The fraction of median Macon household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.65%. Since then it has fallen by 3.06% to 20.59%.
Fraction of Income towards Rent: Macon GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Macon Georgia
| Date | US | Georgia | Macon, GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 20.59% |
| 2018 | 20.50% | 20.59% | 21.96% |
| 2017 | 20.13% | 20.46% | 22.60% |
| 2016 | 20.43% | 20.90% | 22.31% |
| 2015 | 20.63% | 21.29% | 22.49% |
| 2014 | 20.89% | 21.46% | 23.31% |
| 2013 | 20.78% | 21.33% | 22.55% |
| 2012 | 20.65% | 21.28% | 21.16% |
| 2011 | 20.70% | 21.73% | 23.65% |
| 2010 | 20.50% | 21.17% | 21.88% |
| 2009 | 20.12% | 20.17% | 20.89% |
| 2007 | 18.66% | 18.76% | 17.99% |
| 2005 | 18.89% | 18.66% | 18.61% |
Renter Fraction in Macon Georgia
You can calculate the renter fraction in Macon 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 Macon as a fraction of total Macon households. In 2019 37.18% of households were renters according to Census ACS data.
Macon 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% |
| Macon, GA | 37.18% | -3.70% | -4.33% |
Trends in the Macon, GA Renter Fraction
The Macon household renter fraction peaked in in 2016 at 41.51% and is now 4.33% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Macon GA, Georgia, US
History of Macon Renter Fraction
| Date | US | Georgia | Macon, GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 37.18% |
| 2018 | 36.05% | 36.20% | 40.88% |
| 2017 | 36.13% | 37.12% | 39.15% |
| 2016 | 36.88% | 38.46% | 41.51% |
| 2015 | 36.97% | 38.16% | 37.99% |
| 2014 | 36.90% | 37.77% | 39.36% |
| 2013 | 36.50% | 37.34% | 40.39% |
| 2012 | 36.09% | 36.35% | 38.63% |
| 2011 | 35.42% | 35.42% | 38.66% |
| 2010 | 34.65% | 33.83% | 36.38% |
| 2009 | 34.13% | 32.96% | 36.58% |
| 2007 | 32.80% | 31.46% | 32.52% |
| 2005 | 33.10% | 33.19% | 34.90% |
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. ↩
