the growth rate of Macon-Bibb County
Downtown Macon saw its first population increase in a generation in the 2010 census, growing at six times the rate as the county as a whole. Downtown is also one of Macon’s most diverse areas. Downtown boasts 400+ active businesses in almost all sectors, where over 25,000 people work each day, representing nearly half of the city’s workers and over a quarter of our MSA’s employees. This density of employees provides easy access to customers for businesses that start-up or relocate downtown.
market-rate rental lofts
loft occupancy rate
younger singles and couples
new residents not from Macon
Macon’s hottest investment is downtown housing, thanks to a surging and sustained demand for loft housing in Macon’s most walkable neighborhoods. Downtown Macon boasts WalkScores that enable residents to take care of daily errands without a car.
Because of those amenities, approximately 1,000 residents live in 650 market-rate rental lofts in downtown Macon. Our most recent market analysis was completed in 2019 and projects market demand until 2024. Demand is projected to increase over this period, with annual demand as follows:
Rental Lofts/Apartments: 146-174 units per year0%
For Sale Lofts/Apartments: 6-7 units/yr0%
For Sale Townhouses/Live-work: 12-14 units/yr0%
For Sale Urban Houses: 36-40 units per year0%
The urban loft market is also diversifying, with younger singles and couples representing 61% of the market and an increasing share of empty nesters & retirees (25%) and traditional and non-traditional families (14%) moving into downtown housing. Approximately 35% of our new residents relocate to downtown from outside of our region, increasing our population.