How many renters live in Georgia?
The State of Georgia has people living in households.
There are renters living in renter households in this State. Renters make up 17.43 percent of the population living in Georgia.
What is the rental market like in Georgia?
There are an estimated housing units in the Georgia area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Georgia, there are 1.03 rental units.
What is the vacancy rate for rentals in Georgia?
The rental vacancy rate in Georgia is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Georgia for each bedroom size?
Occupied Rental Units by Size in Georgia
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 22 | 358 | 2,044 | 2,925 | 529 |
Occupied Rental Units by Size in Georgia
A large number of apartments in Georgia have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Georgia?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 22 | 100 percent |
| One BR | 327 | 91 percent |
| Two BR | 1,952 | 95 percent |
Rental Units Below FMR in Georgia
How many affordable rental units are in Georgia?
There are a variety of federal affordable housing programs serving households in Georgia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Georgia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Georgia
Georgia features 83,034 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Georgia
There are 86,535 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Georgia.
Housing Choice Vouchers in Georgia
On average, Section 8 Housing Choice vouchers pay Georgia landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Georgia.
The maximum amount a voucher would pay on behalf of a low-income tenant in Georgia for a two-bedroom apartment is between $1,660 and $2,028.
Sourced from federal housing data and AffordableHousingOnline.com research.
