Rental Vacancy Rate Long-Term Trends, by Quarter since 1980*
12%
2009
11%
“The rental vacancy rate is the proportion of the rental inventory that is vacant for rent. ” The lower the rate, the greater the upward pressure on rents.
10%
9%
2000
1987
8%
7%
1980
6%
2022
5%
©National Association of Realtors, used by permission
Updated through Q3 2024
4%
*U.S. Census Bureau, Rental Vacancy Rate in the United States [RRVRUSQ156N], Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RRVRUSQ156N. Not seasonally adjusted. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate.
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