Cumming, Georgia Rental Market Trends

Disclaimer:

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, Georgia rental market.

Highlights

An apartment for rent in Cumming, Georgia typically goes for $1,775 per month, while a single-family home for rent in Cumming, Georgia has a monthly cost of around $2,222. Renter-occupied units make up 54% of the local housing market, while the rental vacancy rate in Cumming, Georgia is at 4.9.

Cumming, Georgia

Average Apartment Rent

$1,775

Y-o-Y Change in Average
Apartment Rent

-2.5%

Average Single-Family Rent

$2,222

As of November 2024

Compared to a year ago, Cumming, Georgia apartments have recorded a -2.5% rent decrease.

Cumming, Georgia Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Cumming $1,717 $1,785 $1,851 $1,854 $1,805 $1,835 $1,821 $1,799 $1,883 $1,775
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Cumming
National
Nov 2021
$1,717
$1,596
Mar 2022
$1,785
$1,635
Jul 2022
$1,851
$1,708
Nov 2022
$1,854
$1,726
Mar 2023
$1,805
$1,714
Jul 2023
$1,835
$1,739
Nov 2023
$1,821
$1,733
Mar 2024
$1,799
$1,727
Jul 2024
$1,883
$1,752
Nov 2024
$1,775
$1,748

Cumming, Georgia Average Apartment Rent

Cumming, Georgia Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 68.69%, apartments priced $1,500 - $2,000 represent the bulk of Cumming, Georgia rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 14.08%.

Cumming, Georgia Housing tenure**

Renter occupied housing units 1,459
Owner occupied housing units 1,249

Renters take up 54% of Cumming, 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, Georgia Renter-occupied housing units by no. of bedrooms**

1 bed 338
2 beds 599
3 beds 480
4 beds 42

There are 599 rentals in Cumming, 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, Georgia homes for rent is 4.3.

Cumming, Georgia Renter-occupied units by age of householder**

15 - 24 years 135
25 - 34 years 101
35 - 44 years 281
45 - 54 years 245
55 - 59 years 120
60 - 64 years 121
65 - 74 years 197
75 - 84 years 229
85 years and over 30

Most condos for rent in Cumming, 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, Georgia Renter-occupied housing units by family type**

Family households 706
Non-Family Households 753

Cumming, Georgia Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 336
No related children of the householder under 18 1,123

A total of 706 apartments for rent in Cumming, 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, Georgia is 2.17.

Cumming, Georgia Renter-occupied housing units by educational attainment**

Less than high school graduate 235
High school graduate (including equivalency) 328
Some college or associate's degree 507
Bachelor's degree or higher 389

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, Georgia.

Cumming, Georgia Renter-occupied units by year structure built**

Built 2020 or later 10
Built 2010 - 2019 248
Built 2000 - 2009 270
Built 1990 - 1999 338
Built 1980 - 1989 122
Built 1970 - 1979 389
Built 1960 - 1969 82

The highest share of Cumming, 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, Georgia Renter-occupied units by year householder moved in**

Moved in 2021 or later 82
Moved in 2018 to 2020 558
Moved in 2010 to 2017 685
Moved in 2000 to 2009 123
Moved in 1990 to 1999 11

Median year renter moved into unit 2017

Most Cumming, 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, Georgia condos for rent is 2017.

Cumming, Georgia Renter-occupied housing units by vehicles available**

No vehicle available 128
1 vehicle available 911
2 vehicles available 217
3 vehicles available 181
4 or more vehicles available 22

When it comes to transportation options, 62% of Cumming, Georgia renters have 1 vehicle available per household, 15% of them have 2 vehicles available, and 12% have 3 vehicles available.

Cumming, Georgia Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 890
Car, truck, or van - carpooled 201
Walked 12
Taxicab, motorcycle, bicycle, or other means 44
Worked at home 249

Cumming, Georgia Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 2,384
Moved within same county 332
Moved from different county within same state 295
Moved from different state 77
Moved from abroad 27

Cumming, 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, 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

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