Walker County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Walker County GA was $701 in 2019 according to the Census ACS survey.1 Average gross rent in Walker County was $647 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 Walker County median and average rent data will be released in September of 2021.
Data is also available below for Walker County rental vacancy rates, Walker County rent as a percent of median income and the fraction of renters in Walker County.
Real Gross Rent in Walker 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% |
| Walker County GA Median Gross Rent | $701 | -8.37% | -6.28% |
Walker County GA Real Gross Rent Trends
Median gross rent for Walker County peaked in real terms in 2017 at $777 and is now $76 (9.78%) lower. Average gross rent for Walker County peaked in real terms in 2016 at $771 and is now $124 (16.08%) lower.
Real Gross Rent: Walker County GA Median, Walker County GA Average, Georgia Median, US Median
Real Gross Rent History for Walker County
| Date | US Median |
Georgia Median |
Walker County GA Median |
Walker County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $701 | $647 |
| 2018 | $1,077 | $1,026 | $765 | $666 |
| 2017 | $1,043 | $988 | $777 | $667 |
| 2016 | $1,027 | $977 | $748 | $771 |
| 2015 | $1,017 | $964 | $714 | $651 |
| 2014 | $986 | $931 | $654 | $580 |
| 2013 | $953 | $895 | $668 | $651 |
| 2012 | $940 | $890 | $682 | $621 |
| 2011 | $941 | $900 | $622 | $639 |
| 2010 | $955 | $915 | $648 | $606 |
| 2009 | $960 | $912 | — | — |
| 2007 | $927 | $902 | — | — |
| 2005 | $910 | $886 | — | — |
Walker County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2011 the rental vacancy rate for Walker County Georgia was 4.79% according to Census ACS data.
Rental Vacancy Rate in Walker County Georgia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Georgia | 7.28% | +0.05% | +1.13% |
| Walker County GA | — | — | — |
Trends in Walker County GA Rental Vacancy Rate
The rental vacancy rate in Walker County peaked in 2010 at 9.88%. Since then it has fallen by 5.09% to 4.79%. Data records for this series originated in 2010.
Rental Vacancy Rate: Walker County GA, Georgia, US
Historical Rental Vacancy Rate data for Walker County
| Date | US | Georgia | Walker 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% | 4.79% |
| 2010 | 8.17% | 11.72% | 9.88% |
| 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 Walker County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walker County, median monthly gross rent as a fraction of median household income was 17.58% in 2019 according to the ACS.
Walker 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% |
| Walker County GA | 17.58% | -3.57% | -4.27% |
Trends in Walker County GA Rent as a Fraction of Income
The fraction of median Walker County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2010 series origin) at 21.85%. Since then it has fallen by 4.27% to 17.58%.
Fraction of Income towards Rent: Walker County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Walker County Georgia
| Date | US | Georgia | Walker County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 17.58% |
| 2018 | 20.50% | 20.59% | 21.15% |
| 2017 | 20.13% | 20.46% | 19.93% |
| 2016 | 20.43% | 20.90% | 21.85% |
| 2015 | 20.63% | 21.29% | 18.21% |
| 2014 | 20.89% | 21.46% | 19.30% |
| 2013 | 20.78% | 21.33% | 18.11% |
| 2012 | 20.65% | 21.28% | 21.47% |
| 2011 | 20.70% | 21.73% | 18.10% |
| 2010 | 20.50% | 21.17% | 18.85% |
| 2009 | 20.12% | 20.17% | — |
| 2007 | 18.66% | 18.76% | — |
| 2005 | 18.89% | 18.66% | — |
Renter Fraction in Walker County Georgia
You can calculate the renter fraction in Walker 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 Walker County as a fraction of total Walker County households. In 2019 30.52% of households were renters according to Census ACS data.
Walker 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% |
| Walker County GA | 30.52% | +2.34% | +1.46% |
Trends in the Walker County GA Renter Fraction
The Walker County household renter fraction peaked in in 2012 at 30.91% and is now 0.39% below that level. The origin year for the series is 2010.
Fraction of Renting Households: Walker County GA, Georgia, US
History of Walker County Renter Fraction
| Date | US | Georgia | Walker County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 30.52% |
| 2018 | 36.05% | 36.20% | 28.18% |
| 2017 | 36.13% | 37.12% | 27.70% |
| 2016 | 36.88% | 38.46% | 29.06% |
| 2015 | 36.97% | 38.16% | 27.06% |
| 2014 | 36.90% | 37.77% | 29.23% |
| 2013 | 36.50% | 37.34% | 28.03% |
| 2012 | 36.09% | 36.35% | 30.91% |
| 2011 | 35.42% | 35.42% | 28.93% |
| 2010 | 34.65% | 33.83% | 24.04% |
| 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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