Rental vacancy rates in the U.S. 2000-2018, by region

Rental vacancy rates in the United States from 2000 to 2018, by region

by Jennifer Rudden, last edited May 29, 2019
Rental vacancy rates in the U.S. 2000-2018, by region In 2018, the vacancy rate of rental housing units in the South region of United States was equal to 8.5 percent. This means that 8.5 percent of available rental housing units were vacant in that years. The Midwest had the next highest vacancy rate, followed by the Northeast and then the West. The vacancy rates has fallen in all regions since 2014, but the regional differences still remain clear.
Why this divide exists?

The share of the U.S. population living in the Midwest and the South has been decreasing over the past few decades, whereas the Northeast and the West are experiencing greater population growth. These demographic changes mean that demand for housing is decreasing in the former and increasing in the latter. The Northeast and the West contain more large urban areas, which attract more residents than rural areas due to greater employment opportunities, among other reasons. The median sales prices of homes are greater in the Northeast and West than in the other two regions. The rate at which prices in the regions with higher prices are growing is also faster.
Show more

Rental vacancy rates in the United States from 2000 to 2018, by region

Loading statistic...
NortheastMidwestSouthWest
20185.1%7.1%8.5%4.5%
20175.5%7.6%8.8%4.5%
20165.5%7.2%9.2%4.2%
20155.5%7%9.2%4.9%
20145.8%7.5%9%4.8%
20136.7%8.6%10.1%6.3%
20127.5%9.3%10.7%6.5%
20117.8%9.7%12%6.6%
20107.5%9.6%11.5%7.9%
20097.2%11.2%13.7%8.9%
20086.3%10.5%13.1%8.4%
20076.6%11.1%12.3%6.8%
20066.5%11.9%12.4%7%
20056.7%12.3%11.4%7%
20046.8%12.4%12.5%7.2%
20036.9%11.3%12.9%8%
20025.6%10.2%12.6%7%
20015.4%10.3%11.5%6.6%
20005.3%8.7%10.8%5.3%
NortheastMidwestSouthWest
20185.1%7.1%8.5%4.5%
20175.5%7.6%8.8%4.5%
20165.5%7.2%9.2%4.2%
20155.5%7%9.2%4.9%
20145.8%7.5%9%4.8%
20136.7%8.6%10.1%6.3%
20127.5%9.3%10.7%6.5%
20117.8%9.7%12%6.6%
20107.5%9.6%11.5%7.9%
20097.2%11.2%13.7%8.9%
20086.3%10.5%13.1%8.4%
20076.6%11.1%12.3%6.8%
20066.5%11.9%12.4%7%
20056.7%12.3%11.4%7%
20046.8%12.4%12.5%7.2%
20036.9%11.3%12.9%8%
20025.6%10.2%12.6%7%
20015.4%10.3%11.5%6.6%
20005.3%8.7%10.8%5.3%
Download Settings Share
Download started
Please be patient - this may take a moment
by Jennifer Rudden, last edited May 29, 2019
In 2018, the vacancy rate of rental housing units in the South region of United States was equal to 8.5 percent. This means that 8.5 percent of available rental housing units were vacant in that years. The Midwest had the next highest vacancy rate, followed by the Northeast and then the West. The vacancy rates has fallen in all regions since 2014, but the regional differences still remain clear.
Why this divide exists?

The share of the U.S. population living in the Midwest and the South has been decreasing over the past few decades, whereas the Northeast and the West are experiencing greater population growth. These demographic changes mean that demand for housing is decreasing in the former and increasing in the latter. The Northeast and the West contain more large urban areas, which attract more residents than rural areas due to greater employment opportunities, among other reasons. The median sales prices of homes are greater in the Northeast and West than in the other two regions. The rate at which prices in the regions with higher prices are growing is also faster.
Show more
Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Related Studies: Available to Download in PDF or PPTX Format
Rental market in the United States
Rental market in the United States

All Information
in one Presentation

Rental market in the United States

Everything On "Rental market in the United States" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista is a great source of knowledge, and pretty helpful to manage the daily work.
Christof Baron

Christof Baron
CEO, MindShare Germany

Statistics on "Residential housing in the United States"
  • Residential housing market
The most important statistics
  • Home building
  • Home financing
  • Affordability
  • Home flipping
  • Master-planned communities
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.