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 in the United States (RRVRUSQ156N) from Q1 1956 to Q2 2025 about vacancy, rent, rate, and USA.

View quarterly updates and historical trends for US Rental Vacancy Rate. from United States. Source: Census Bureau. Track economic data with YCharts analy…

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 Arizona (AZRVAC) from 1986 to 2024 about vacancy, AZ, rent, rate, and USA.

The vacancy rate for rental apartments in the United States fell to about *** percent in October 2021, followed by a steady increase until 2025. In January that year, the vacancy index stood at **** percent.

Graph and download economic data for Rental Vacancy Rate for New York (NYRVAC) from 1986 to 2024 about vacancy, rent, NY, rate, and USA.

The homeowner vacancy rate in the United States reached its lowest value in 2022, followed by an increase in the next two years. 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. Homeownership attitude in the U.S. Individuals may have unique opportunities or inclinations 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 2024, 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.

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.

Context

Since 2008, guests and hosts have used Airbnb to expand on traveling possibilities and present more unique, personalized way of experiencing the world. This dataset describes the listing activity and metrics in Malibu, Jousha Tree, Brighton (UK) in 2023. The data is owned by Airbtics.

Airbtics is a short-term rental data & analytics company monitoring 20 million listings from various short-term rental booking sites.

Content

This data file includes all the needed information to find out the exact performance of Airbnb listings. You can find out how many nights were booked in a specific month, and average daily rate.

Acknowledgements

This public dataset is part of Airbnb, and the original source can be found on this website. The data was processed by Airbtics.

Inspiration

What is the occupancy rate of listing X in January 2023? What is the average daily rate of a listing Y in January 2023? How many bookings did a listing Z receive in January 2023?

To find more granular data in other cities, visit Airbtics.com

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

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

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.

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

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

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

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

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

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

Graph and download economic data for Rental Vacancy Rate for Illinois (ILRVAC) from 1986 to 2024 about vacancy, rent, IL, rate, and USA.