3 ms·
> In the US, home vacancy rates are sub-1%. That's homeowner vacancy rate. Rental vacancy rate is around 6.9%: https://www.census.gov/housing/hvs/current/inde
by Tade0 2y ago
> In the US, home vacancy rates are sub-1%.
That's homeowner vacancy rate. Rental vacancy rate is around 6.9%:
https://www.census.gov/housing/hvs/current/index.html https://www.census.gov/housing/hvs/current/index.html
- Kirby64 2y agoA 6.9% rental vacancy rate implies an average vacancy of ~3.5 weeks per year. Given the high turnover of many rentals, that seems pretty low to me. Turnaround time just to do a make ready for a new tenant tends to be a week at minimum, sometimes longer for proper overhauls (replacing carpet, fixes damage, etc). Sure, not all properties turn over every year, but there's also quite a few properties that have longer vacancies to counteract that.