Locust Grove, 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 Locust Grove, Georgia rental market.
Highlights
An apartment for rent in Locust Grove, Georgia typically goes for $1,613 per month, while a single-family home for rent in Locust Grove, Georgia has a monthly cost of around $2,336. Renter-occupied units make up 21% of the local housing market, while the rental vacancy rate in Locust Grove, Georgia is at 18.3.
Locust Grove, Georgia
Average Apartment Rent
$1,613
Y-o-Y Change in Average
Apartment Rent
-5.6%
Average Single-Family Rent
$2,336
As of July 2024
Compared to a year ago, Locust Grove, Georgia apartments have recorded a -5.6% rent decrease.
Locust Grove, Georgia |Average apartment rent trend
Locust Grove, Georgia| Average apartment rent
Locust Grove, Georgia | Apartment rent ranges
At 53.46%, apartments priced $1,500 - $2,000 represent the bulk of Locust Grove, Georgia rentals, while condos priced Over $2,000 hold the lowest share of the market – 6.92%.
Locust Grove, Georgia | Housing tenure**
Renters take up 21% of Locust Grove, Georgia real estate, occupying a total of 611 units, while homeowners live in 2,339 properties.
Median number of rooms of renter-occupied housing units**
5.8
Renter median household income**
$52,813
Average household size of renter-occupied housing units**
3.02
Rental vacancy rate**
18.3%
Locust Grove, Georgia | Renter-occupied housing units by no. of bedrooms**
There are 212 rentals in Locust Grove, Georgia with 2 beds making up the highest share of the market, at 35%. Units with 1 bed, on the other hand, hold the lowest percentage (3%), amounting to 20 units. Overall, the median number of rooms in Locust Grove, Georgia homes for rent is 5.8.
Locust Grove, Georgia |Renter-occupied units by age of householder**
Most condos for rent in Locust Grove, Georgia are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 65 - 74 years age group (25%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Locust Grove, Georgia | Renter-occupied housing units by family type**
Locust Grove, Georgia | Renter-occupied housing units by the presence of own children**
A total of 408 apartments for rent in Locust Grove, Georgia, or 67% of all rentals are family households. Additionally, 56% of rental homes include children under the age of 18 – that’s 340 units. All in all, the median size of a renter-occupied household in Locust Grove, Georgia is 3.02.
Locust Grove, Georgia | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Locust Grove, Georgia.
Locust Grove, Georgia | Renter-occupied units by year structure built**
The highest share of Locust Grove, Georgia apartment rentals, namely 41% or 251 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (28%, 174 units), and the ones Built 1960 - 1969 (11%, 66 units).
Locust Grove, Georgia | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Locust Grove, Georgia renters (53%) moved in 2010 to 2017, while only 1% of them moved in 2021 or later. Overall, the median year renters have occupied their Locust Grove, Georgia condos for rent is 2016.
Locust Grove, Georgia | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Locust Grove, Georgia renters have 2 vehicles available per household, 40% of them have 1 vehicle available, and 9% have No vehicle available.
Locust Grove, Georgia | Means of transportation to work of householders living in renter-occupied housing units**
Locust Grove, Georgia |Geographical mobility in the past year for householders living in renter-occupied housing units**
Locust Grove, 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 Locust Grove, 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
