Morrow, Georgia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Morrow, Georgia rental market.
Morrow, Georgia
Average Apartment Rent
$1,259
Y-o-Y Change in Average
Apartment Rent
-2.9%
As of November 2024
Compared to a year ago, Morrow, Georgia apartments have recorded a -2.9% rent decrease.
Morrow, Georgia Average apartment rent trend
Morrow, Georgia Average Apartment Rent
Morrow, Georgia Apartment rent ranges
At 81.47%, apartments priced $1,000 - $1,500 represent the bulk of Morrow, Georgia rentals, while condos priced $700 - $1000 hold the lowest share of the market – 8.64%.
Morrow, Georgia Housing tenure**
Renters take up 42% of Morrow, Georgia real estate, occupying a total of 660 units, while homeowners live in 911 properties.
Median number of rooms of renter-occupied housing units**
5.7
Renter median household income**
$58,519
Average household size of renter-occupied housing units**
2.96
Rental vacancy rate**
8.2%
Morrow, Georgia Renter-occupied housing units by no. of bedrooms**
There are 370 rentals in Morrow, Georgia with 3 beds making up the highest share of the market, at 56%. Units with 1 bed, on the other hand, hold the lowest percentage (8%), amounting to 51 units. Overall, the median number of rooms in Morrow, Georgia homes for rent is 5.7.
Morrow, Georgia Renter-occupied units by age of householder**
Most condos for rent in Morrow, Georgia are occupied by residents in the 45 - 54 years age group (23%), followed by those in the 25 - 34 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
Morrow, Georgia Renter-occupied housing units by family type**
Morrow, Georgia Renter-occupied housing units by the presence of own children**
A total of 463 apartments for rent in Morrow, Georgia, or 70% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 250 units. All in all, the median size of a renter-occupied household in Morrow, Georgia is 2.96.
Morrow, Georgia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 5% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Morrow, Georgia.
Morrow, Georgia Renter-occupied units by year structure built**
The highest share of Morrow, Georgia apartment rentals, namely 29% or 189 units, were Built 1960 - 1969, followed by those Built 1990 - 1999 (23%, 151 units), and the ones Built 2000 - 2009 (19%, 123 units).
Morrow, Georgia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Morrow, Georgia renters (34%) moved in 2018 to 2020, while only 4% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Morrow, Georgia condos for rent is 2016.
Morrow, Georgia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 32% of Morrow, Georgia renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 18% have No vehicle available.
Morrow, Georgia Means of transportation to work of householders living in renter-occupied housing units**
Morrow, Georgia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Morrow, Georgia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
