City Report · GA

Bonanza

Pop. 3,279·45th most expensive in Georgia·Rental market data updated monthly for Bonanza, GA

Median rent (all units)

$1,923/mo

Year-over-Year

Stable

Month-over-Month

-1.9%

vs US Median

-$9

Reported rents

Falling (Monthly)

Be the first to discuss Bonanza rents ↓

Most AffordableMost Expensive

Bonanza · $1,923

More expensive than 55% of US cities · National median $1,932/mo

Affordability

38% of income

MODERATE

0%30% benchmark60%+

At $1,923/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.

Income to afford

$77,000/yr

Local median income

$60,260/yr

Based on the 30%-of-income rule using Bonanza's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

1 BR

$1,289

3 BR

$1,615

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,923 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

Annual cost

$23,076/yr

At $1,923/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Bonanza, GA is roughly split between renters and owners, has a median income below the national average, 24.5% of residents hold a bachelor's degree or higher.

Population

3,279

Median income

$60,260

Median age

43.1

Renters

46.4%

Age distribution

16.4%

17.1%

37.2%

16.4%

12.9%

Under 1816.4%

18–3417.1%

35–5437.2%

55–6416.4%

65+12.9%

Gender

43.8%

56.2%

Male43.8%

Female56.2%

Race & ethnicity

20.9%

62.9%

12.3%

White20.9%

Black62.9%

Hispanic12.3%

Asian3.5%

Education (25+)

42.9%

23.6%

24.5%

No HS diploma9%

HS diploma42.9%

Some college23.6%

Bachelor's+24.5%

Housing tenure

53.6%

46.4%

Owner53.6%

Renter46.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Bonanza, GA has changed in 5 years

Income

$62,375 → $60,260

down 3.4%

Population

3,832 → 3,279

down 14.4%

Renter share

44.8% → 46.4%

+1.6 pts

Bachelor's+

21.7% → 24.5%

+2.8 pts

Median age

32.9 → 43.1

+10.2 yrs

Local incomes tracked alongside that move, going from a median of $62,375 in 2021 to $60,260 more recently. The population has contracted by 14.4% since 2021, moving from about 3,832 residents to roughly 3,279. Renters now make up 46.4% of households, compared with 44.8% five years ago. College-educated residents now make up 24.5% of adults here, versus 21.7% in 2021.

Community

Discussions about Bonanza

No discussions yet. Start the conversation.

View Bonanza rent history (2015–2026) →

Salary vs rent

Can you afford rent in Bonanza on your salary?

At $1,923/mo, how Bonanza rent compares to typical pay (30% rule).

Registered Nurse

Avg $89,756/yr · Rent = 25.7% income

affordable

Elementary School Teacher

Avg $63,726/yr · Rent = 36.2% income

stretched

Police Officer

Avg $73,407/yr · Rent = 31.4% income

stretched

Software Developer

Avg $131,205/yr · Rent = 17.6% income

very comfortable

Lawyer

Avg $167,647/yr · Rent = 13.8% income

very comfortable

Firefighter

Avg $59,670/yr · Rent = 38.7% income

stretched

Truck Driver

Avg $53,875/yr · Rent = 42.8% income

rent-burdened

Electrician

Avg $66,405/yr · Rent = 34.8% income

stretched

By apartment size

Bonanza rent by bedroom count

Median rent for each apartment size in Bonanza. Click any size for full breakdown.

Local insights

Tips for renters in Bonanza

About renting in Bonanza, GA

Last updated: October 17, 2026

The median rent in Bonanza is $1,923/mo as of October 2026. . One-bedroom apartments average $1,289/mo and 3-bedroom units go for $1,615/mo.

At 38% of local median household income ($60,260/yr), Bonanza ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Bonanza?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,923/mo in Bonanza. The local median household income is $60,260/yr, so the typical household falls short of that bar.