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Rental Vacancies Level Off Below 9 Percent Last Year; Down off 11.1 Percent Peak

Dennis Norman, St Louis Investments,Rental vacancies were at 8.7 percent in the 4th quarter of 2012, up slightly from the 3rd quarter’s rate of 8.6 percent, but a definite improvement from a year earlier when the rate was 9.4 percent.  As the chart below shows, rental vacancies spent the late 90′s below 8 percent before spending the next decade rising until they hit a peak of 11.1 percent in the 3rd quarter of 2009 and then began falling at a fairly consistent clip to where they are today.

rental-vacancy-rate-graph

Source: U.S. Census Bureau


rental-vacancy-table

Source: U.S. Census Bureau