Hinesville rents have remained flat over the past month, however, they are up marginally by 0.6 percent year-over-year. Currently, median rents in Hinesville stand at $720 for a one-bedroom apartment and $830 for a two-bedroom. Hinesville’s year-over-year rent growth lags the state average of 2.3 percent, as well as the national average of 1.5 percent.
Throughout the past year, rent increases have been occurring not just in the city of Hinesville, but across the entire state. Of the largest 10 cities that we have data for in Georgia, nine of them have seen prices rise. The state as a whole logged rent growth of 2.3 percent over the past year. Here’s a look at how rents compare across some of the largest cities in the state.
Looking throughout the state, Roswell is the most expensive of all Georgia’s major cities, with a median two-bedroom rent of $1,490; of the 10 largest cities in the state that we have data for, Valdosta, where a two-bedroom goes for $710, is the only major city to see rents fall year-over-year (-0.0 percent).
Roswell, Athens, and Alpharetta have all experienced year-over-year growth above the state average (6.3 percent, 4.5 percent, and 4.4 percent, respectively).
As rents have increased marginally in Hinesville, a few large cities nationwide have also seen rents grow modestly. Hinesville is still more affordable than most large cities across the country.
Hinesville’s median two-bedroom rent of $830 is below the national average of $1,190. Nationwide, rents have grown by 1.5 percent over the past year compared to the 0.6 percent rise in Hinesville.
While Hinesville’s rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.9 percent), DC (+2.2 percent), and New York (+2.0 percent).
Renters will find more reasonable prices in Hinesville than most large cities. For example, San Francisco has a median two bedroom rent of $3,100, which is more than three-and-a-half times the price in Hinesville.
Apartment List is committed to making its rent estimates the most accurate available. They start with median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from their listing data. They use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
They correct for the sample bias inherent in other private sources, producing results that are closer to statistics published by the Census Bureau and HUD.
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. They intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and insist that they invest significant time and effort in gathering and analyzing rent data.