Sugar Hill, 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 Sugar Hill, Georgia rental market.
Sugar Hill, Georgia
Average Apartment Rent
$1,760
Y-o-Y Change in Average
Apartment Rent
2.9%
As of November 2024
Compared to a year ago, Sugar Hill, Georgia apartments have recorded a 2.9% rent increase.
Sugar Hill, Georgia Average apartment rent trend
Sugar Hill, Georgia Average Apartment Rent
Sugar Hill, Georgia Apartment rent ranges
At 50.64%, apartments priced $1,500 - $2,000 represent the bulk of Sugar Hill, Georgia rentals, while condos priced Over $2,000 hold the lowest share of the market – 23.45%.
Sugar Hill, Georgia Housing tenure**
Renters take up 19% of Sugar Hill, Georgia real estate, occupying a total of 1,573 units, while homeowners live in 6,734 properties.
Median number of rooms of renter-occupied housing units**
5.4
Renter median household income**
$56,449
Average household size of renter-occupied housing units**
2.91
Rental vacancy rate**
2.3%
Sugar Hill, Georgia Renter-occupied housing units by no. of bedrooms**
There are 682 rentals in Sugar Hill, Georgia with 3 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 29 units. Overall, the median number of rooms in Sugar Hill, Georgia homes for rent is 5.4.
Sugar Hill, Georgia Renter-occupied units by age of householder**
Most condos for rent in Sugar Hill, Georgia are occupied by residents in the 35 - 44 years age group (36%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Sugar Hill, Georgia Renter-occupied housing units by family type**
Sugar Hill, Georgia Renter-occupied housing units by the presence of own children**
A total of 1,161 apartments for rent in Sugar Hill, Georgia, or 74% of all rentals are family households. Additionally, 50% of rental homes include children under the age of 18 – that’s 794 units. All in all, the median size of a renter-occupied household in Sugar Hill, Georgia is 2.91.
Sugar Hill, Georgia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Sugar Hill, Georgia.
Sugar Hill, Georgia Renter-occupied units by year structure built**
The highest share of Sugar Hill, Georgia apartment rentals, namely 27% or 428 units, were Built 1990 - 1999, followed by those Built 1950 - 1959 (21%, 330 units), and the ones Built 1970 - 1979 (17%, 260 units).
Sugar Hill, Georgia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Sugar Hill, Georgia renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Sugar Hill, Georgia condos for rent is 2018.
Sugar Hill, Georgia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Sugar Hill, Georgia renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 9% have 3 vehicles available.
Sugar Hill, Georgia Means of transportation to work of householders living in renter-occupied housing units**
Sugar Hill, 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 Sugar Hill, 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
