The top rental markets in Georgia are Atlanta, Marietta, Augusta, Lawrenceville, and Decatur.
The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score.
Georgia Rental Trends:
Georgia is the eighth most populous state in the U.S. and is a growing state in the South – home values are increasing and property investors can expect a great ROI on their rentals whether they are located in the thriving cities or in the small-town communities that give Georgia its Southern charm. Here are some highlights from the top rental markets in the Peach State.
Days on Market:
The city with the lowest number of days on market is Marietta at only 12 days – under the national average which sits at 15 days; Atlanta has the highest number of days on market at 20.
Leads:
The top three towns for the largest amount of leads per listing are close to or exactly the national average of 38. Here they are:
- Augusta – 96 leads per listing
- Decatur – 38 leads per listing
- Marietta – 38 leads per listing
Average Rent: (2 bedroom listings)
With the national average rent at $1,207 for a two-bedroom, Augusta comes below that with the lowest average rent of $883 for a two-bedroom compared to the highest rent in Georgia at $1,486 in Atlanta.
Median Home Sale Price:
According to data from Redfin, which is a national real estate brokerage company, the national median home sale price sits at $306,400. Georgia’s highest median sale price comes just above that at $312,000 in Atlanta with its lowest median sale price far lower than the national average at $132,000 in Augusta.
Median Income:
Georgia’s median income rings in at $47,200 – just under the national average at $48,500.
Security Deposit Trends:
Security deposits have both risen and fallen, but mostly decreased in Georgia cities between 2018 and 2019. With the largest being an increase of 25% in Augusta at $750, and the largest decrease in Atlanta at -54.55% with the current average at around $500 – far below the national average for security deposits which is around $1,200.
Livability Score:
All of the Georgia cities had a livability score 64 or higher with the highest being Lawrenceville at 75!
Please visit here for our full methodology.
Whether you’ve found the best investment property in Georgia’s top rental markets, or somewhere else, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.
