Walton County Georgia Residential Rent and Rental Statistics
The median monthly gross residential rent in Walton County GA was $1,058 in 2019 according to the Census ACS survey.1 Average gross rent in Walton County was $924 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 Walton County median and average rent data will be released in September of 2021.
Data is also available below for Walton County rental vacancy rates, Walton County rent as a percent of median income and the fraction of renters in Walton County.
Real Gross Rent in Walton 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% |
| Walton County GA Median Gross Rent | $1,058 | +6.98% | +5.59% |
Walton County GA Real Gross Rent Trends
At $1,058, real median gross rent in Walton County was at its highest level in 2019 since the series began in 2005. Average gross rent for Walton County peaked in real terms in 2015 at $987 and is now $63 (6.38%) lower.
Real Gross Rent: Walton County GA Median, Walton County GA Average, Georgia Median, US Median
Real Gross Rent History for Walton County
| Date | US Median |
Georgia Median |
Walton County GA Median |
Walton County GA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,049 | $1,058 | $924 |
| 2018 | $1,077 | $1,026 | $989 | $911 |
| 2017 | $1,043 | $988 | $897 | $836 |
| 2016 | $1,027 | $977 | $1,002 | $950 |
| 2015 | $1,017 | $964 | $985 | $987 |
| 2014 | $986 | $931 | $780 | $873 |
| 2013 | $953 | $895 | $886 | $834 |
| 2012 | $940 | $890 | $817 | $806 |
| 2011 | $941 | $900 | $854 | $818 |
| 2010 | $955 | $915 | $840 | $848 |
| 2009 | $960 | $912 | $996 | $915 |
| 2007 | $927 | $902 | $699 | $797 |
| 2005 | $910 | $886 | $988 | $925 |
Historical Rental Vacancy Rate data for Walton County
| Date | US | Georgia | Walton 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% | 6.36% |
| 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 Walton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walton County, median monthly gross rent as a fraction of median household income was 19.19% in 2019 according to the ACS.
Walton 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% |
| Walton County GA | 19.19% | +1.70% | -2.40% |
Trends in Walton County GA Rent as a Fraction of Income
The fraction of median Walton County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.10%. Since then it has fallen by 2.91% to 19.19%.
Fraction of Income towards Rent: Walton County GA, Georgia, US
Historical Data for Annual Rent as a Fraction of Income in Walton County Georgia
| Date | US | Georgia | Walton County GA |
|---|---|---|---|
| 2019 | 20.03% | 20.31% | 19.19% |
| 2018 | 20.50% | 20.59% | 17.48% |
| 2017 | 20.13% | 20.46% | 19.03% |
| 2016 | 20.43% | 20.90% | 21.59% |
| 2015 | 20.63% | 21.29% | 19.46% |
| 2014 | 20.89% | 21.46% | 17.42% |
| 2013 | 20.78% | 21.33% | 18.96% |
| 2012 | 20.65% | 21.28% | 18.92% |
| 2011 | 20.70% | 21.73% | 18.94% |
| 2010 | 20.50% | 21.17% | 17.99% |
| 2009 | 20.12% | 20.17% | 22.10% |
| 2007 | 18.66% | 18.76% | 14.81% |
| 2005 | 18.89% | 18.66% | 18.41% |
Renter Fraction in Walton County Georgia
You can calculate the renter fraction in Walton 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 Walton County as a fraction of total Walton County households. In 2019 23.67% of households were renters according to Census ACS data.
Walton 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% |
| Walton County GA | 23.67% | -3.06% | -4.08% |
Trends in the Walton County GA Renter Fraction
The Walton County household renter fraction peaked in in 2013 at 31.59% and is now 7.92% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Walton County GA, Georgia, US
History of Walton County Renter Fraction
| Date | US | Georgia | Walton County GA |
|---|---|---|---|
| 2019 | 35.89% | 35.87% | 23.67% |
| 2018 | 36.05% | 36.20% | 26.73% |
| 2017 | 36.13% | 37.12% | 29.70% |
| 2016 | 36.88% | 38.46% | 27.75% |
| 2015 | 36.97% | 38.16% | 26.21% |
| 2014 | 36.90% | 37.77% | 28.32% |
| 2013 | 36.50% | 37.34% | 31.59% |
| 2012 | 36.09% | 36.35% | 27.81% |
| 2011 | 35.42% | 35.42% | 22.05% |
| 2010 | 34.65% | 33.83% | 20.34% |
| 2009 | 34.13% | 32.96% | 25.08% |
| 2007 | 32.80% | 31.46% | 22.94% |
| 2005 | 33.10% | 33.19% | 30.93% |
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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