Troup County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Troup County GA was $829 in 2019 according to the Census ACS survey.1 Average gross rent in Troup 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 Troup County median and average rent data will be released in September of 2021.
Data is also available below for Troup County rental vacancy rates, Troup County rent as a percent of median income and the fraction of renters in Troup County.
Real Gross Rent in Troup 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% |
| Troup County GA Median Gross Rent | $829 | -5.37% | +0.12% |
Troup County GA Real Gross Rent Trends
Median gross rent for Troup County peaked in real terms in 2018 at $876 and is now $47 (5.37%) lower. Average gross rent for Troup County peaked in real terms in 2018 at $820 and is now $24 (2.93%) lower.
Real Gross Rent: Troup County GA Median, Troup County GA Average, Georgia Median, US Median
Real Gross Rent History for Troup County
| Date | US Median |
Georgia Median |
Troup County GA Median |
Troup County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $829 | $796 |
| 2018 | $1,077 | $1,026 | $876 | $820 |
| 2017 | $1,043 | $988 | $758 | $714 |
| 2016 | $1,027 | $977 | $828 | $763 |
| 2015 | $1,017 | $964 | $787 | $747 |
| 2014 | $986 | $931 | $859 | $818 |
| 2013 | $953 | $895 | $821 | $751 |
| 2012 | $940 | $890 | $813 | $784 |
| 2011 | $941 | $900 | $778 | $761 |
| 2010 | $955 | $915 | $761 | $741 |
| 2009 | $960 | $912 | — | — |
| 2007 | $927 | $902 | — | — |
| 2005 | $910 | $886 | — | — |
Troup County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Troup County Georgia was 4.92% according to Census ACS data.
Rental Vacancy Rate in Troup County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Troup County GA | — | — | — |
Trends in Troup County GA Rental Vacancy Rate
The rental vacancy rate in Troup County peaked in 2011 at 9.77%. Since then it has fallen by 4.85% to 4.92%. Data records for this series originated in 2010. From a 2014 post peak low of 3.26%, the rental vacancy rate has increased by 1.66%.
Rental Vacancy Rate: Troup County GA, Georgia, US
Historical Rental Vacancy Rate data for Troup County
| Date | US | Georgia | Troup County GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | — |
| 2018 | 6.15% | 7.23% | — |
| 2017 | 6.18% | 6.73% | — |
| 2016 | 5.89% | 6.15% | 4.92% |
| 2015 | 5.85% | 6.47% | 4.05% |
| 2014 | 6.32% | 8.17% | 3.26% |
| 2013 | 6.49% | 9.26% | — |
| 2012 | 6.77% | 9.53% | — |
| 2011 | 7.40% | 10.72% | 9.77% |
| 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 Troup County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Troup County, median monthly gross rent as a fraction of median household income was 21.53% in 2019 according to the ACS.
Troup 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% |
| Troup County GA | 21.53% | -1.78% | -0.87% |
Trends in Troup County GA Rent as a Fraction of Income
The fraction of median Troup County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2010 series origin) at 24.95%. Since then it has fallen by 3.42% to 21.53%.
Fraction of Income towards Rent: Troup County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Troup County Georgia
| Date | US | Georgia | Troup County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 21.53% |
| 2018 | 20.50% | 20.59% | 23.32% |
| 2017 | 20.13% | 20.46% | 22.63% |
| 2016 | 20.43% | 20.90% | 22.40% |
| 2015 | 20.63% | 21.29% | 22.79% |
| 2014 | 20.89% | 21.46% | 24.13% |
| 2013 | 20.78% | 21.33% | 21.45% |
| 2012 | 20.65% | 21.28% | 24.95% |
| 2011 | 20.70% | 21.73% | 21.40% |
| 2010 | 20.50% | 21.17% | 19.70% |
| 2009 | 20.12% | 20.17% | — |
| 2007 | 18.66% | 18.76% | — |
| 2005 | 18.89% | 18.66% | — |
Renter Fraction in Troup County Georgia
You can calculate the renter fraction in Troup 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 Troup County as a fraction of total Troup County households. In 2019 44.09% of households were renters according to Census ACS data.
Troup 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% |
| Troup County GA | 44.09% | +1.60% | +3.77% |
Trends in the Troup County GA Renter Fraction
The Troup County household renter fraction peaked in in 2015 at 46.98% and is now 2.89% below that level. The origin year for the series is 2010.
Fraction of Renting Households: Troup County GA, Georgia, US
History of Troup County Renter Fraction
| Date | US | Georgia | Troup County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 44.09% |
| 2018 | 36.05% | 36.20% | 42.49% |
| 2017 | 36.13% | 37.12% | 40.58% |
| 2016 | 36.88% | 38.46% | 40.32% |
| 2015 | 36.97% | 38.16% | 46.98% |
| 2014 | 36.90% | 37.77% | 43.30% |
| 2013 | 36.50% | 37.34% | 44.77% |
| 2012 | 36.09% | 36.35% | 37.72% |
| 2011 | 35.42% | 35.42% | 39.43% |
| 2010 | 34.65% | 33.83% | 34.93% |
| 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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