Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q1 2025 about vacancy, rent, rate, and USA.

Rental vacancy rates across the United States showed significant regional differences in 2024, with the South experiencing the highest rate at 8.7 percent. This disparity reflects broader demographic shifts and economic factors influencing the rental market. The regional variations in vacancy rates have persisted despite an overall decline since 2014, highlighting the complex dynamics of the U.S. housing landscape. Rental demand and affordability challenges The rental market continues to face pressure from high demand, particularly among younger demographics. People under 30 comprise the largest share of American renters, with approximately 42 million in this age group. Despite softening rents in some areas, affordability remains a significant issue. In 2023, 42.5 percent of renters paid gross rent exceeding 35 percent of their income, indicating widespread financial strain among tenants. Regional disparities and market trends The Northeast and West regions, which include many large urban areas, have consistently lower vacancy rates compared to the Midwest and South. This trend aligns with population shifts towards these regions, fueling higher home prices growth. The rental market has shown signs of stabilization in 2023, with the number of vacant homes for rent slightly picking up after two years of record-low vacancy.

Graph and download economic data for Rental Vacancy Rate for the United States (USRVAC) from 1986 to 2024 about vacancy, rent, rate, and USA.

Graph and download economic data for Rental Vacancy Rate for Texas (TXRVAC) from 1986 to 2024 about vacancy, rent, TX, rate, and USA.

The average occupancy rate in off-campus purpose-built student housing in the United States declined by 1.7 percentage points in 2023. In that year, the share of student housing that was occupied was 94.1 percent, down from 95.8 percent a year ago. Occupancy was at its lowest level in 2022 when the COVID-19 pandemic broke out.

The U.S. multifamily vacancy rate increased slightly in 2023, after reaching one of the lowest levels on record in 2022. Approximately *** percent of multifamily homes were vacant in the fourth quarter of 2023. Despite the increase, this figure was notably lower than the long-term historical average. U.S. multifamily housing sector Multifamily housing, refers to a housing type where multiple apartments are contained within one housing unit, or when several buildings form a larger complex. Construction of such houses has been on the rise, as the industry struggles to meet housing demand. The average size of such a housing unit was ***** square feet. Popularity among investors Multifamily housing accounted for almost ** percent of the housing stock in the United States in 2021. This type of real estate is popular among investors because it tends to generate a steady cash flow, and be easy to obtain financing for.

Graph and download economic data for Rental Vacancy Rate for New Jersey (NJRVAC) from 1986 to 2024 about vacancy, NJ, rent, rate, and USA.

In 2023, the average vacancy rate index for rental apartments in different metros in Texas ranged between *** percent and *** percent. Dallas-Fort Worth-Arlington, the most populated metropolitan area, had a vacancy rate index of *** percent in December 2023. Meanwhile, Killeen-Temple was the metro with the lowest index, at ****. According to the source, the index is calculated based on data on apartments listed on the Apartment List platform and changes in availability.

Almost two years after the start of the coronavirus (COVID-19) pandemic, the occupancy rate of rental properties around college campuses in the United States has not fully recovered. In the period between 2014 and 2019, the average occupancy rate for properties within *** mile reach of the campus was close to ** percent, while in 2020 and 2021, it was about ** percent. For properties further away from the campus, the occupancy rate was even lower.

The rental vacancy rate represents the average number of residential rental units available per multifamily complex. The rate is positively correlated with homeownership rates and a high vacancy rate is indicative of low demand for renting. Data is sourced from the Canada Mortgage and Housing Corporation's Rental Market Survey.

The homeowner vacancy rate in the United States reached its lowest value in 2022, followed by an uptick in 2023. The rate shows what share of owner-occupied housing units were vacant and for sale. That figure peaked in 2008, when nearly three percent of homes were vacant, and gradually fell below one percent after the 2020 housing boom. Homeownership is a form of living arrangement where the owner of the inhabited property, whether apartment, house, or type of real estate, lives on the premises. Due to usually high costs associated with owning a property and perceived advantages or disadvantages associated with such a long-term investment, homeownership rates differ greatly around the world, based on both cultural and economic factors. In Europe, Romania is the country with the highest rate of homeownership, while the lowest homeownership rate was observed in Switzerland. Homeownership attitude in the U.S. Individuals may have very different opportunities or inclination to become homeowners based on nationality, age, financial status, social status, occupation, marital status, education or even ethnicity and whether one is local-born or foreign-born. In 2023, the homeownership rate among older Americans was higher than for younger Americans. In the U.S., homeownership is generally believed to be a good investment, in terms of security (no risk of eviction) and financial aspect (owning a valuable real estate property). In 2023, there were approximately 86 million owner-occupied housing units, a stark increase compared to four decades prior. Why is homeownership sentiment low? The housing market has been suffering chronic undersupply, leading to a surge in prices and eroding affordability. In 2023, the housing affordability index plummeted, reflecting the growing challenge that homeowners face when looking for property. Insufficient income, savings, and high home prices are some of the major obstacles that come in the way of a property purchase. Though affordability varied widely across different metros, just about 15 percent of U.S. renters could afford to buy the median priced home in their area.

Historical market performance data including occupancy rates, average daily rates, and revenue trends

The Annual Rental Facility Occupancy Survey is conducted from April 1-30 each year and tracks vacancies, turnover rates, average rents, and amenities. Facilities located within Montgomery County's unincorporated areas as well as the municipalities of Rockville, Gaithersburg, and Takoma Park participate in the survey. This dataset includes the average reported rent by bedroom count for each community surveyed.

Historical market performance data including occupancy rates, average daily rates, and revenue trends

Data includes occupancy rates, average daily rates, and revenue per available rental.

Graph and download economic data for Rental Vacancy Rate for California (CARVAC) from 1986 to 2024 about vacancy, rent, CA, rate, and USA.

In 2024, Airbnbs in Perth, Western Australia, had the highest average occupancy rates across the Australian cities and regions represented, with an average occupancy of around ** percent. Airbnbs in Brisbane and Sydney had the next highest occupancy rates that year.

The vacancy rate of office real estate in the United States was higher than of any other property type in 2025. In the first quarter of the year, approximately ** percent of office real estate was vacant, compared to **** percent of multifamily. Shopping centers and industrial property had the lowest vacancy rates, at *** percent and ***** percent, respectively.

Graph and download economic data for Rental Vacancy Rate for Minnesota (MNRVAC) from 1986 to 2024 about vacancy, MN, rent, rate, and USA.

Thailand Average Room Rental Rate: per Room: South data was reported at 2,521.430 THB in Oct 2018. This records an increase from the previous number of 2,391.660 THB for Sep 2018. Thailand Average Room Rental Rate: per Room: South data is updated monthly, averaging 2,058.230 THB from Jan 2015 (Median) to Oct 2018, with 46 observations. The data reached an all-time high of 2,749.780 THB in Nov 2017 and a record low of 1,474.320 THB in Jun 2015. Thailand Average Room Rental Rate: per Room: South data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.Q002: Hotel Occupancy Rate and Average Room Rate.