The rental vacancy rate in principal cities is 7.1% as of 2023 Q2, up 22.4% year-over-year (YoY).The lowest rental vacancy rate of 2022 was 5.6% in the 2nd financial quarter.The national average rental vacancy rate for 2022 was 6.1%.The national rental vacancy rate remained steady in 2022 at an average 5.8%.The national vacancy rate has increased 12.5% over 12 months.5.2% of vacant units have been empty for 2 years or more.
42.6% of vacant units have been empty for 2 months or less.6.35% of habitable rental units in the United States are vacant.Jump to a state: AL | AK | AZ | AR | CA | CO | CT | DE | DC | FL | GA | HI | ID | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | OH | OK | OR | PA | RI | SC | SD | TN | TX | UT | VT | VA | WA | WV | WI | WY National Rental Vacancy Rateįor most of the past decade, the national rental vacancy rate has steadily declined. *Seasonal rentals, such as vacation rentals or some Airbnbs, make up 23.5% of all rental units and are not included in this report. The median monthly rental price among vacancies was $1,445 in the second quarter (Q2) of 2023 and may be as high as $2,052.30.7% of vacant homes are available for rent.Rental vacancy in principal cities increased 17.2% in 2022.The suburban rental vacancy rate is 5.4%.The national rental vacancy rate is 6.3%, up 8.62% from the average vacancy rate in 2022.
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