Sandy Springs, 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 Sandy Springs, Georgia rental market.
Sandy Springs, Georgia
Average Apartment Rent
$1,718
Y-o-Y Change in Average
Apartment Rent
-3.2%
As of November 2024
Compared to a year ago, Sandy Springs, Georgia apartments have recorded a -3.2% rent decrease.
Sandy Springs, Georgia Average apartment rent trend
Sandy Springs, Georgia Average Apartment Rent
Sandy Springs, Georgia Apartment rent ranges
At 48.49%, apartments priced $1,500 - $2,000 represent the bulk of Sandy Springs, Georgia rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.12%.
Sandy Springs, Georgia Housing tenure**
Renters take up 50% of Sandy Springs, Georgia real estate, occupying a total of 25,362 units, while homeowners live in 25,842 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$73,906
Average household size of renter-occupied housing units**
1.87
Rental vacancy rate**
6.5%
Sandy Springs, Georgia Renter-occupied housing units by no. of bedrooms**
There are 10,491 rentals in Sandy Springs, Georgia with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 250 units. Overall, the median number of rooms in Sandy Springs, Georgia homes for rent is 3.9.
Sandy Springs, Georgia Renter-occupied units by age of householder**
Most condos for rent in Sandy Springs, Georgia are occupied by residents in the 25 - 34 years age group (37%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Sandy Springs, Georgia Renter-occupied housing units by family type**
Sandy Springs, Georgia Renter-occupied housing units by the presence of own children**
A total of 9,032 apartments for rent in Sandy Springs, Georgia, or 36% of all rentals are family households. Additionally, 19% of rental homes include children under the age of 18 – that’s 4,854 units. All in all, the median size of a renter-occupied household in Sandy Springs, Georgia is 1.87.
Sandy Springs, Georgia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 59% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Sandy Springs, Georgia.
Sandy Springs, Georgia Renter-occupied units by year structure built**
The highest share of Sandy Springs, Georgia apartment rentals, namely 27% or 6,763 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (22%, 5,458 units), and the ones Built 1970 - 1979 (18%, 4,570 units).
Sandy Springs, Georgia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Sandy Springs, 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 Sandy Springs, Georgia condos for rent is 2018.
Sandy Springs, Georgia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Sandy Springs, Georgia renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 16% have No vehicle available.
Sandy Springs, Georgia Means of transportation to work of householders living in renter-occupied housing units**
Sandy Springs, Georgia Geographical mobility in the past year for householders living in renter-occupied housing units**
Sandy Springs, 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 Sandy Springs, 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
