Valdosta Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Valdosta, GA (the Valdosta metro area) was $817 in 2019 according to the Census ACS survey.1 Average gross rent in Valdosta was $771 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 Valdosta median and average rent data will be released in September of 2021.
Data is also available below for Valdosta rental vacancy rates, Valdosta rent as a percent of median income and the fraction of renters in Valdosta.
Real Gross Rent in Valdosta 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% |
| Valdosta, GA Median Gross Rent | $817 | +5.97% | +7.93% |
Valdosta, GA Real Gross Rent Trends
Median gross rent for Valdosta peaked in real terms in 2012 at $824 and is now $7 (0.85%) lower. Average gross rent for Valdosta peaked in real terms in 2010 at $801 and is now $30 (3.75%) lower.
Real Gross Rent in Valdosta: Valdosta GA Median, Valdosta GA Average, Georgia Median, US Median
Real Gross Rent History for Valdosta
| Date | US Median |
Georgia Median |
Valdosta, GA Median |
Valdosta, GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $817 | $771 |
| 2018 | $1,077 | $1,026 | $771 | $748 |
| 2017 | $1,043 | $988 | $795 | $794 |
| 2016 | $1,027 | $977 | $757 | $755 |
| 2015 | $1,017 | $964 | $767 | $721 |
| 2014 | $986 | $931 | $759 | $721 |
| 2013 | $953 | $895 | $738 | $697 |
| 2012 | $940 | $890 | $824 | $771 |
| 2011 | $941 | $900 | $779 | $723 |
| 2010 | $955 | $915 | $816 | $801 |
| 2009 | $960 | $912 | $807 | $775 |
| 2007 | $927 | $902 | $787 | $746 |
| 2005 | $910 | $886 | $715 | $665 |
Valdosta 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 Valdosta Georgia was 10.13% according to Census ACS data.
Rental Vacancy Rate in Valdosta Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Valdosta, GA | 10.13% | +0.47% | +0.06% |
Trends in Valdosta, GA Rental Vacancy Rate
The rental vacancy rate in Valdosta peaked in 2015 at 12.72%. Since then it has fallen by 2.59% to 10.13%. Data records for this series originated in 2005.
Rental Vacancy Rate: Valdosta GA, Georgia, US
Historical Rental Vacancy Rate data for Valdosta
| Date | US | Georgia | Valdosta, GA |
|---|---|---|---|
| 2019 | 5.97% | 7.28% | 10.13% |
| 2018 | 6.15% | 7.23% | 9.66% |
| 2017 | 6.18% | 6.73% | 11.89% |
| 2016 | 5.89% | 6.15% | 10.07% |
| 2015 | 5.85% | 6.47% | 12.72% |
| 2014 | 6.32% | 8.17% | 6.70% |
| 2013 | 6.49% | 9.26% | 2.75% |
| 2012 | 6.77% | 9.53% | 6.11% |
| 2011 | 7.40% | 10.72% | 7.32% |
| 2010 | 8.17% | 11.72% | 4.68% |
| 2009 | 8.43% | 12.32% | — |
| 2007 | 7.87% | 10.54% | — |
| 2005 | 7.74% | 11.53% | 6.51% |
Rent as a Fraction of Income
Using median household income data for Valdosta, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Valdosta, median monthly gross rent as a fraction of median household income was 22.39% in 2019 according to the ACS.
Valdosta 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% |
| Valdosta, GA | 22.39% | -3.43% | +0.56% |
Trends in Valdosta, GA Rent as a Fraction of Income
The fraction of median Valdosta household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 26.67%. Since then it has fallen by 4.28% to 22.39%.
Fraction of Income towards Rent: Valdosta GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Valdosta Georgia
| Date | US | Georgia | Valdosta, GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 22.39% |
| 2018 | 20.50% | 20.59% | 25.82% |
| 2017 | 20.13% | 20.46% | 22.91% |
| 2016 | 20.43% | 20.90% | 21.84% |
| 2015 | 20.63% | 21.29% | 23.61% |
| 2014 | 20.89% | 21.46% | 23.74% |
| 2013 | 20.78% | 21.33% | 23.96% |
| 2012 | 20.65% | 21.28% | 25.51% |
| 2011 | 20.70% | 21.73% | 26.67% |
| 2010 | 20.50% | 21.17% | 24.31% |
| 2009 | 20.12% | 20.17% | 22.03% |
| 2007 | 18.66% | 18.76% | 20.37% |
| 2005 | 18.89% | 18.66% | 17.86% |
Renter Fraction in Valdosta Georgia
You can calculate the renter fraction in Valdosta 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 Valdosta as a fraction of total Valdosta households. In 2019 43.73% of households were renters according to Census ACS data.
Valdosta 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% |
| Valdosta, GA | 43.73% | -2.87% | -2.22% |
Trends in the Valdosta, GA Renter Fraction
The Valdosta household renter fraction peaked in in 2013 at 46.74% and is now 3.01% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Valdosta GA, Georgia, US
History of Valdosta Renter Fraction
| Date | US | Georgia | Valdosta, GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 43.73% |
| 2018 | 36.05% | 36.20% | 46.60% |
| 2017 | 36.13% | 37.12% | 45.73% |
| 2016 | 36.88% | 38.46% | 45.95% |
| 2015 | 36.97% | 38.16% | 45.40% |
| 2014 | 36.90% | 37.77% | 42.77% |
| 2013 | 36.50% | 37.34% | 46.74% |
| 2012 | 36.09% | 36.35% | 46.63% |
| 2011 | 35.42% | 35.42% | 43.25% |
| 2010 | 34.65% | 33.83% | 41.57% |
| 2009 | 34.13% | 32.96% | 42.47% |
| 2007 | 32.80% | 31.46% | 35.94% |
| 2005 | 33.10% | 33.19% | 39.37% |
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. ↩
