Arkansas is among the Top 10 emptiest states in terms of vacant rental properties. Wisconsin is among the 10 states with the lowest rental vacancy rates. Rental vacancy declined 26.6% from 2019 to 2020. Household Population reflects persons requiring residential housing. Since 2010, rental vacancy has decreased 52.3%. The city of Fresno has a rental vacancy rate of 1.9%. North Dakota has the highest rental vacancy rate in the nation. Oklahoma City has a rental vacancy rate of 4.5%. Charleston, South Carolina has the highest vacancy rate, with almost 1-in-4 rental units sitting empty. Michigan and its cities have below-average vacancy rates. Over the past 5 years, vacancy decreased at an annual rate of 2.43%. Since 2010, rental vacancy has decreased 33.6%. Figures from the Canadian Mortgage and Housing Corporation show that the apartment vacancy rate jumped from 1.1% in 2019 to 2.6% in 2020 thanks in part to changes in the market as a result of COVID-19. One of the many consequences of the COVID-19 pandemic has been the changes in desirable housing characteristics. Since 2010, rental vacancy has increased 0.1%. The national rate of vacancy has declined 5.9% over 12 months. At 14.1%, the rate of vacant rental properties is exceptionally high. Nevada has one of the lowest rental vacancy rates it has had in the 21st Century. Since 2005, rental vacancy has declined 23.3%. is a component of the index of leading economic indicators and is thereby used by the Federal Government and The Detroit-Warren-Dearborn metropolitan area has 5.1% rental vacancy. Source: U.S. Census Bureau | Housing Vacancies and Homeownership (CPS/HVS) |, Housing Vacancies and Homeownership data collection for the First Quarter 2021, Rental Vacancy Rate Cleveland and Columbus have comparable vacancy rates at 4.7% and 5.2%, respectively. Reduced rental vacancy rates and statistics indicate COVID-19 sent many renters to the suburbs, driving up area rent prices and emptying cities. In major cities where the vacancy rate increased, the average 12-month increase is 31.5%. Since 2010, the rate of vacany among rental units has risen 80.8%. Rental vacancy increased 57.1% from 2019 to 2020. Since 2005, rental vacancy has risen 22.9%. 5.1% of vacant rental units are in structures built after March 2010. Over the past 5 years, rental vacancy declined at an annual rate of 6.09%. Rental vacancy declined 36.2% from 2019 to 2020. These rental markets are classified according to their vacancy rates: 0 … The national rate of homeownership is 67.4%. Vacancy declined 17.5% from 2019 to 2020. Its vacancy rate declined at a higher rate of change than any other state from 2019 to 2020. Since 2010, vacant rentals have decreased 47.0%. Raleigh has an exceptionally low vacancy rate at 2.6%. Homeownership rates are also tabulated by age of householder and by family status for the U.S. and total housing inventory and percent distributions of vacant for-rent and for-sale-only units are available for the 54.2% of American renters pay less than $1,000 in monthly rent. At 5.0%, Colorado’s rate of vacancy is below average. REINSW produces a monthly rental vacancy rate report, covering the majority of the state. Over the past 5 years, rental vacancy decreased at an annual rate of 4.26%. Among rental vacancies, 31.5% are available for rent. The Bridgeport-Stamford-Norwalk metropolitan area has an average rental vacancy rate of 3.7%. For assistance, please contact the Census Call Center at 1-800-923-8282 (toll free) or visit ask.census.gov for further information. In general, financial service organizations predict vacancy rates will continue to rise. At 8.4%, the rate of vacancy is well above the national average. Since 2010, rental vacancy has decreased 31.5%. Over the past 5 years, vacancy decreased at an annual rate of 5.23%. The New York-Newark-Jersey City metropolitan area has a vacancy rate of 5.1%. Over the past 5 years, vacancy increased at an annual rate of 15.3%. The Las Vegas-Henderson-Paradise metropolitan area has a rental vacancy rate of 5.1%. At 7.9%, the rate of vacancy is above the national average. Rental vacancy rates are above average but have been steady throughout the beginning of the 21st Century. Since 2010, rental vacancy has decreased 36.3%. Since 2010, rental vacancy has decreased 48.8%. In addition, the rental vacancy rate is a component of the index of leading economic … and characteristics of units available for occupancy. Structures built after March 2010 have a vacancy rate of 20.1%. At 5.8%, the rental vacancy rate is a little below the national average. Over the past 5 years, vacancy increased at an annual rate of 1.36%. Seasonal rental vacancies, such as vacation rentals or Airbnbs, make up 28.1% of all rental vacancies and are not included in this report. Rental vacancy declined 13.1% from 2019 to 2020. Over the past 5 years, vacancy decreased at an annual rate of 4.94%. Median Rental Rates. Houston, Texas has a 10.9% rental vacancy rate, which is the highest vacancy rate among major cities where the population exceeds 1 million. 27.4% of all vacant homes are available for rent. Since 2010, rental vacancy has declined 72.0%. Maryland’s rental vacancy rate shrank the most, decreasing 42% over 12 months. annually. The U.S. Census Bureau compiles its residential vacancy data in a quarterly report that provides three key figures: the rental vacancy rate, homeowner vacancy rate, and homeownership rate. Rental housing is popular in Rhode Island. Over the past 5 years, rental vacancy declined at an annual rate of 2.16%. Localities expecting continued growth are full of new vacancies, leading some communities to experience excessive rental vacancy rates or “hypervacancy”. In certain markets, you’ll even notice a wide discrepancy between neighborhoods. 5. Since 2005, rental vacancy has declined 34.4%. At 6.3%, the rental vacancy rate is about average. The Midwest has the highest rate of homeownership at 71.2%. Rental vacancy from increased 26.1% 2019 to 2020. In the past decade, housing vacancies have declined at an average annual rate of 6.4%. Over the past 5 years, vacancy decreased at an annual rate of 10.2%. Since 2010, rental vacancy has increased 1.32%. economic forecasters to gauge the current economic climate. Since 2010, rental vacancy has declined 21.6%. Vermont has one of the nation’s lowest rental vacancy rates and is on a 10-year decline in vacancies. The median rent in March 2021 slipped to $1,625 after two stable months in January and February at $1,650, and down 7.1% annually ($125 per month). While the national vacancy rate is just 8.5% higher than it was in 1956, the market has seen volatile changes in the past decade alone. In addition, estimates of the Rental vacancy declined 28.1% from 2019 to 2020. Over the past 5 years, vacancy decreased at an annual rate of 0.59%. Certain types of buildings or rental unit structures are more likely to have high vacancy rates. Rental vacancy rates measure the proportion of unlet residential properties available on the market. Over the past 5 years, vacancy increased at an annual rate of 0.99%. 17.5% of vacant rental units are in structures built prior to 1940. Illinois has one of the higher vacancy rates among states. The metropolitan area of Birgmingham-Hoover has a rental vacancy rate of 13.4%. Graph and download economic data for Rental Vacancy Rate for the United States (RRVRUSQ156N) from Q1 1956 to Q1 2021 about vacancy, rent, rate, and USA. 2020: 5.5. At 8.8%, Iowa has a high rental vacancy rate. At 8.5%, the state has a high rental vacancy rate. The numerator is then divided into the denominator, which provides a vacancy rate percentage. New Hampshire has the lowest vacancy rate at 1.9%. Since 2010, rental vacancy has decreased 31.0%. Over the past 5 years, vacancy decreased at an annual rate of 5.68%. Since 2010, rental vacancy has decreased 63.4%. The Canada Mortgage and Housing Corporation (CMHC) is a crown corporation that measures the availability of rental housing across different regions. From 2005 to 2010, housing vacancies overall increased 26.3%. At 6.5%, Georgia has an average rate of vacancy. Rate on par with the national average cent, up from 1.8 per cent in the nation ’ s rate! 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