Cumming City, 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 Cumming City, Georgia rental market.
Highlights
An apartment for rent in Cumming City, Georgia typically goes for $1,789 per month, while a single-family home for rent in Cumming City, Georgia has a monthly cost of around $2,632. Renter-occupied units make up 54% of the local housing market, while the rental vacancy rate in Cumming City, Georgia is at 4.9.
Cumming City, Georgia
Average Apartment Rent
$1,789
Y-o-Y Change in Average
Apartment Rent
-3.3%
Average Single-Family Rent
$2,632
As of November 2024
Compared to a year ago, Cumming City, Georgia apartments have recorded a -3.3% rent decrease.
Cumming City, Georgia Average apartment rent trend
Cumming City, Georgia Average Apartment Rent
Cumming City, Georgia Apartment rent ranges
At 67.45%, apartments priced $1,500 - $2,000 represent the bulk of Cumming City, Georgia rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 14.38%.
Cumming City, Georgia Housing tenure**
Renters take up 54% of Cumming City, Georgia real estate, occupying a total of 1,459 units, while homeowners live in 1,249 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$45,382
Average household size of renter-occupied housing units**
2.17
Rental vacancy rate**
4.9%
Cumming City, Georgia Renter-occupied housing units by no. of bedrooms**
There are 599 rentals in Cumming City, Georgia with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 42 units. Overall, the median number of rooms in Cumming City, Georgia homes for rent is 4.3.
Cumming City, Georgia Renter-occupied units by age of householder**
Most condos for rent in Cumming City, Georgia are occupied by residents in the 35 - 44 years age group (19%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Cumming City, Georgia Renter-occupied housing units by family type**
Cumming City, Georgia Renter-occupied housing units by the presence of own children**
A total of 706 apartments for rent in Cumming City, Georgia, or 48% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 336 units. All in all, the median size of a renter-occupied household in Cumming City, Georgia is 2.17.
Cumming City, Georgia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Cumming City, Georgia.
Cumming City, Georgia Renter-occupied units by year structure built**
The highest share of Cumming City, Georgia apartment rentals, namely 27% or 389 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (23%, 338 units), and the ones Built 2000 - 2009 (19%, 270 units).
Cumming City, Georgia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Cumming City, Georgia renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cumming City, Georgia condos for rent is 2017.
Cumming City, Georgia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 62% of Cumming City, Georgia renters have 1 vehicle available per household, 15% of them have 2 vehicles available, and 12% have 3 vehicles available.
Cumming City, Georgia Means of transportation to work of householders living in renter-occupied housing units**
Cumming City, Georgia Geographical mobility in the past year for householders living in renter-occupied housing units**
Cumming City, Georgia Average apartment rent by zip codes
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 Cumming City, 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
