Augusta Multifamily Market 2025 Q2

With only about 313 units under construction, the lowest in over a decade, Augusta’s 10.1% vacancy rate is expected to decline gradually.

The market’s inventory has expanded by over 20% since 2020, including 1,100 new units in the past year. While this supply slowed rent growth through 2023, annual rent growth rebounded to 3.7% by year-end, just below the 10-year average of 4.4%.

Average asking rents are $1,211 per month, well below the national average of $1,770.

Trailing 12-month sales volume reached $230 million, under the 10-year annual average of $264 million, but investor activity has picked up sharply in early 2025, outpacing the same period last year.