June 2022 Woodstock Rent Report
Welcome to the June 2022 Woodstock Rent Report. Woodstock rents increased over the past month. In this report, we'll evaluate trends in the Woodstock rental market, including comparisons to cities throughout the metro, state, and nation.
Woodstock rents increase sharply over the past month
Woodstock rents have increased 1.4% over the past month, and have increased sharply by 17.1% in comparison to the same time last year. Currently, median rents in Woodstock stand at $1,481 for a one-bedroom apartment and $1,933 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Woodstock's year-over-year rent growth lags the state average of 17.2%, but exceeds the national average of 15.3%.
Rents rising across the Atlanta Metro
Throughout the past year, rent increases have been occurring not just in the city of Woodstock, but across the entire metro. Of the largest 10 cities that we have data for in the Atlanta metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.
- Tucker has seen the fastest rent growth in the metro, with a year-over-year increase of 25.0%. The median two-bedroom there costs $1,595, while one-bedrooms go for $1,295.
- Lawrenceville has the least expensive rents in the Atlanta metro, with a two-bedroom median of $1,361; rents increased 0.6% over the past month and 20.3% over the past year.
- Alpharetta has the most expensive rents of the largest cities in the Atlanta metro, with a two-bedroom median of $1,929; rents grew 0.5% over the past month and 22.6% over the past year.
Many large cities nationwide show more affordable rents compared to Woodstock
As rents have increased sharply in Woodstock, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Woodstock is less affordable for renters.
- Rents increased sharply in other cities across the state, with Georgia as a whole logging rent growth of 17.2% over the past year. For example, rents have grown by 9.8% in Augusta and 9.5% in Columbus.
- Woodstock's median two-bedroom rent of $1,933 is above the national average of $1,320. Nationwide, rents have grown by 15.3% over the past year compared to the 17.1% increase in Woodstock.
- While Woodstock's rents rose sharply over the past year, many cities nationwide also saw increases, including New York City (+29.5%), Austin (+19.2%), and Dallas (+17.4%).
- Renters will generally find more expensive prices in Woodstock than most large cities. For example, Columbus has a median 2BR rent of $1,048, where Woodstock is more than one-and-a-half times that price.
For more information check out our national report. You can also access our full data for cities and counties across the U.S.
Median 1BR Rent
Median 2BR Rent
M/M Rent Growth
Y/Y Rent Growth
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post about the methodology on our blog.
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we 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.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.