Spalding County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Spalding County GA was $794 in 2019 according to the Census ACS survey.1 Average gross rent in Spalding County was $765 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 Spalding County median and average rent data will be released in September of 2021.
Data is also available below for Spalding County rental vacancy rates, Spalding County rent as a percent of median income and the fraction of renters in Spalding County.
Real Gross Rent in Spalding 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% |
| Spalding County GA Median Gross Rent | $794 | -14.53% | — |
Spalding County GA Real Gross Rent Trends
Median gross rent for Spalding County peaked in real terms in 2018 at $929 and is now $135 (14.53%) lower. Average gross rent for Spalding County peaked in real terms in 2018 at $868 and is now $103 (11.87%) lower.
Real Gross Rent: Spalding County GA Median, Spalding County GA Average, Georgia Median, US Median
Real Gross Rent History for Spalding County
| Date | US Median |
Georgia Median |
Spalding County GA Median |
Spalding County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $794 | $765 |
| 2018 | $1,077 | $1,026 | $929 | $868 |
| 2017 | $1,043 | $988 | $825 | $851 |
| 2016 | $1,027 | $977 | — | — |
| 2015 | $1,017 | $964 | — | — |
| 2014 | $986 | $931 | — | — |
| 2013 | $953 | $895 | — | — |
| 2012 | $940 | $890 | — | — |
| 2011 | $941 | $900 | — | — |
| 2010 | $955 | $915 | — | — |
| 2009 | $960 | $912 | — | — |
| 2007 | $927 | $902 | — | — |
| 2005 | $910 | $886 | — | — |
Historical Rental Vacancy Rate data for Spalding County
| Date | US | Georgia | Spalding 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% | — |
| 2011 | 7.40% | 10.72% | — |
| 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 Spalding County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Spalding County, median monthly gross rent as a fraction of median household income was 18.44% in 2019 according to the ACS.
Spalding 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% |
| Spalding County GA | 18.44% | -7.09% | — |
Trends in Spalding County GA Rent as a Fraction of Income
The fraction of median Spalding County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2017 series origin) at 25.53%. Since then it has fallen by 7.09% to 18.44%.
Fraction of Income towards Rent: Spalding County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Spalding County Georgia
| Date | US | Georgia | Spalding County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 18.44% |
| 2018 | 20.50% | 20.59% | 25.53% |
| 2017 | 20.13% | 20.46% | 20.41% |
| 2016 | 20.43% | 20.90% | — |
| 2015 | 20.63% | 21.29% | — |
| 2014 | 20.89% | 21.46% | — |
| 2013 | 20.78% | 21.33% | — |
| 2012 | 20.65% | 21.28% | — |
| 2011 | 20.70% | 21.73% | — |
| 2010 | 20.50% | 21.17% | — |
| 2009 | 20.12% | 20.17% | — |
| 2007 | 18.66% | 18.76% | — |
| 2005 | 18.89% | 18.66% | — |
Renter Fraction in Spalding County Georgia
You can calculate the renter fraction in Spalding 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 Spalding County as a fraction of total Spalding County households. In 2019 28.90% of households were renters according to Census ACS data.
Spalding 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% |
| Spalding County GA | 28.90% | -7.94% | — |
Trends in the Spalding County GA Renter Fraction
The Spalding County household renter fraction peaked in in 2017 at 40.65% and is now 11.75% below that level. The origin year for the series is 2017.
Fraction of Renting Households: Spalding County GA, Georgia, US
History of Spalding County Renter Fraction
| Date | US | Georgia | Spalding County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 28.90% |
| 2018 | 36.05% | 36.20% | 36.84% |
| 2017 | 36.13% | 37.12% | 40.65% |
| 2016 | 36.88% | 38.46% | — |
| 2015 | 36.97% | 38.16% | — |
| 2014 | 36.90% | 37.77% | — |
| 2013 | 36.50% | 37.34% | — |
| 2012 | 36.09% | 36.35% | — |
| 2011 | 35.42% | 35.42% | — |
| 2010 | 34.65% | 33.83% | — |
| 2009 | 34.13% | 32.96% | — |
| 2007 | 32.80% | 31.46% | — |
| 2005 | 33.10% | 33.19% | — |
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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