Norcross, 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 Norcross, Georgia rental market.
An apartment for rent in Norcross, Georgia typically goes for $1,468 per month, while a single-family home for rent in Norcross, Georgia has a monthly cost of around $2,318. Renter-occupied units make up 43% of the local housing market, while the rental vacancy rate in Norcross, Georgia is at 3.8.
Average Apartment Rent in August 2022
Y-o-Y Change in Average
Average Single-Family Rent in August 2022
Compared to a year ago, Norcross, Georgia apartments have recorded a 18.3% rent increase.
Norcross, Georgia |Average apartment rent trend
Norcross, Georgia| Average apartment rent
Norcross, Georgia | Apartment rent ranges
At 53.79%, apartments priced $1,000 - $1,500 represent the bulk of Norcross, Georgia rentals, while condos priced $700 - $1000 hold the lowest share of the market – 2.5%.
Norcross, Georgia | Housing tenure**
Renters take up 43% of Norcross, Georgia real estate, occupying a total of 2,443 units, while homeowners live in 3,190 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Norcross, Georgia | Renter-occupied housing units by no. of bedrooms**
There are 1,087 rentals in Norcross, Georgia with 3 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 19 units. Overall, the median number of rooms in Norcross, Georgia homes for rent is 4.4.
Norcross, Georgia |Renter-occupied units by age of householder**
Most condos for rent in Norcross, Georgia are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 35 - 44 years age group (29%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Norcross, Georgia | Renter-occupied housing units by family type**
Norcross, Georgia | Renter-occupied housing units by the presence of own children**
A total of 1,605 apartments for rent in Norcross, Georgia, or 66% of all rentals are family households. Additionally, 44% of rental homes include children under the age of 18 – that’s 1,078 units. All in all, the median size of a renter-occupied household in Norcross, Georgia is 3.14.
Norcross, Georgia | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 25% of the rental market. In contrast, residents with less than a high school degree reside in 28% of the homes for rent in Norcross, Georgia.
Norcross, Georgia | Renter-occupied units by year structure built**
The highest share of Norcross, Georgia apartment rentals, namely 35% or 857 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (27%, 653 units), and the ones Built 1970 - 1979 (13%, 325 units).
Norcross, Georgia | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Norcross, Georgia renters (59%) moved in 2015 to 2016, while only 2% of them moved in 2017 or later. Overall, the median year renters have occupied their Norcross, Georgia condos for rent is 2016.
Norcross, Georgia | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Norcross, Georgia renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 8% have 3 vehicles available.
Norcross, Georgia | Means of transportation to work of householders living in renter-occupied housing units**
Norcross, Georgia |Geographical mobility in the past year for householders living in renter-occupied housing units**
Norcross, 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 Norcross, 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, 2020 American Community Survey 5-Year Estimates