Real Estate

Rental Properties

What is the vacancy rate for rental housing in the United States?

In a 2013 report cited by the news service Reuters, the national apartment vacancy rate hit a ten-year low at 4.2%. Forty-seven out of seventy-nine markets—or nearly 60%—reported decreases in their vacancy rates. Annual lease rate increases for rentals are quite low, barely matching the rate of inflation. But experts feel the reason rent charges cannot increase, aside from the new building and construction of rental beds, is a basic lack of job and income growth within the economy, preventing people from having more disposable income to pay apartment or housing rents. For comparison purposes, after the economic collapse in 2008 and 2009, the rental housing vacancy rate was 8%.


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