Newton County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Newton County GA was $1,057 in 2019 according to the Census ACS survey.1 Average gross rent in Newton County was $966 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 Newton County median and average rent data will be released in September of 2021.
Data is also available below for Newton County rental vacancy rates, Newton County rent as a percent of median income and the fraction of renters in Newton County.
Real Gross Rent in Newton 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% |
| Newton County GA Median Gross Rent | $1,057 | -8.25% | +14.89% |
Newton County GA Real Gross Rent Trends
Median gross rent for Newton County peaked in real terms in 2018 at $1,152 and is now $95 (8.25%) lower. Average gross rent for Newton County peaked in real terms in 2018 at $1,110 and is now $144 (12.97%) lower.
Real Gross Rent: Newton County GA Median, Newton County GA Average, Georgia Median, US Median
Real Gross Rent History for Newton County
| Date | US Median |
Georgia Median |
Newton County GA Median |
Newton County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $1,057 | $966 |
| 2018 | $1,077 | $1,026 | $1,152 | $1,110 |
| 2017 | $1,043 | $988 | $977 | $1,048 |
| 2016 | $1,027 | $977 | $920 | $925 |
| 2015 | $1,017 | $964 | $932 | $919 |
| 2014 | $986 | $931 | $998 | $950 |
| 2013 | $953 | $895 | $1,101 | $1,080 |
| 2012 | $940 | $890 | $920 | $914 |
| 2011 | $941 | $900 | $809 | $817 |
| 2010 | $955 | $915 | $1,103 | $1,015 |
| 2009 | $960 | $912 | $1,044 | $1,025 |
| 2007 | $927 | $902 | $1,004 | $933 |
| 2005 | $910 | $886 | $956 | $833 |
Newton County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Newton County Georgia was 4.97% according to Census ACS data.
Rental Vacancy Rate in Newton County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Newton County GA | — | — | — |
Trends in Newton County GA Rental Vacancy Rate
The rental vacancy rate in Newton County peaked in 2008 at 11.74%. Since then it has fallen by 6.77% to 4.97%. Data records for this series originated in 2005. From a 2009 post peak low of 3.14%, the rental vacancy rate has increased by 1.83%.
Rental Vacancy Rate: Newton County GA, Georgia, US
Historical Rental Vacancy Rate data for Newton County
| Date | US | Georgia | Newton 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% | 4.97% |
| 2011 | 7.40% | 10.72% | — |
| 2010 | 8.17% | 11.72% | — |
| 2009 | 8.43% | 12.32% | 3.14% |
| 2007 | 7.87% | 10.54% | 5.70% |
| 2005 | 7.74% | 11.53% | — |
Rent as a Fraction of Income
Using median household income data for Newton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Newton County, median monthly gross rent as a fraction of median household income was 22.15% in 2019 according to the ACS.
Newton 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% |
| Newton County GA | 22.15% | -1.53% | +0.46% |
Trends in Newton County GA Rent as a Fraction of Income
The fraction of median Newton County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 24.24%. Since then it has fallen by 2.08% to 22.15%.
Fraction of Income towards Rent: Newton County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Newton County Georgia
| Date | US | Georgia | Newton County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 22.15% |
| 2018 | 20.50% | 20.59% | 23.69% |
| 2017 | 20.13% | 20.46% | 19.84% |
| 2016 | 20.43% | 20.90% | 21.69% |
| 2015 | 20.63% | 21.29% | 20.76% |
| 2014 | 20.89% | 21.46% | 24.24% |
| 2013 | 20.78% | 21.33% | 23.20% |
| 2012 | 20.65% | 21.28% | 21.19% |
| 2011 | 20.70% | 21.73% | 21.96% |
| 2010 | 20.50% | 21.17% | 23.98% |
| 2009 | 20.12% | 20.17% | 21.89% |
| 2007 | 18.66% | 18.76% | 20.87% |
| 2005 | 18.89% | 18.66% | 18.60% |
Renter Fraction in Newton County Georgia
You can calculate the renter fraction in Newton 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 Newton County as a fraction of total Newton County households. In 2019 31.48% of households were renters according to Census ACS data.
Newton 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% |
| Newton County GA | 31.48% | +1.28% | -7.19% |
Trends in the Newton County GA Renter Fraction
The Newton County household renter fraction peaked in in 2016 at 38.67% and is now 7.19% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Newton County GA, Georgia, US
History of Newton County Renter Fraction
| Date | US | Georgia | Newton County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 31.48% |
| 2018 | 36.05% | 36.20% | 30.20% |
| 2017 | 36.13% | 37.12% | 27.95% |
| 2016 | 36.88% | 38.46% | 38.67% |
| 2015 | 36.97% | 38.16% | 34.49% |
| 2014 | 36.90% | 37.77% | 33.57% |
| 2013 | 36.50% | 37.34% | 27.01% |
| 2012 | 36.09% | 36.35% | 29.77% |
| 2011 | 35.42% | 35.42% | 25.94% |
| 2010 | 34.65% | 33.83% | 22.95% |
| 2009 | 34.13% | 32.96% | 27.34% |
| 2007 | 32.80% | 31.46% | 22.26% |
| 2005 | 33.10% | 33.19% | 24.57% |
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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