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Monday, December 23, 2024

Vermont ranked 42nd in nation with rental vacancy rate of 3.9% in Q2 2020

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Vermont ranked 42nd in the nation in the second quarter with a rental vacancy rate of 3.9 percent, according to the U.S. Census Bureau.

The rental vacancy rate is the proportion of the homeowner inventory vacant for rent at the time of the survey.

Vacancy rates are a leading economic indicator used by economic forecasters and the federal government to gauge the current economic climate.

The bureau compiles data from a sampling of approximately 72,000 occupied and vacant housing units across the country and the District of Columbia. The bureau also collects information on homeownership vacancies, as well as certain characteristics about housing units, such as the age of household members, family status, race/ethnicity and median family income.

Rental Vacancy Rates by State in Q2

RankStateRental Vacancy Rate
1Alabama17.4%
2North Dakota13.9%
3Kansas13.7%
4Iowa10%
5Wyoming9.8%
6Oklahoma9.7%
7Tennessee9.1%
8Texas8.3%
9South Dakota8.1%
10Arkansas8%
11New Mexico7.9%
12Nebraska7.7%
13Alaska7.5%
14Pennsylvania7.1%
14Illinois7.1%
14Florida7.1%
17District of Columbia6.8%
18Kentucky6.7%
18Hawaii6.7%
20Michigan6.6%
21Mississippi6.5%
21Louisiana6.5%
23West Virginia6.4%
23Georgia6.4%
25Wisconsin6.3%
25Arizona6.3%
27South Carolina6.2%
27Indiana6.2%
29Nevada6%
29Connecticut6%
31Delaware5.5%
32Ohio5.3%
33Montana5.2%
34Maryland4.9%
35Utah4.8%
36North Carolina4.6%
36Minnesota4.6%
38Virginia4.4%
38Missouri4.4%
40Oregon4%
40Idaho4%
42Vermont3.9%
42New York3.9%
44California3.2%
45Massachusetts3.1%
46Washington2.9%
47Colorado2.6%
48New Hampshire2.5%
49New Jersey1.9%
50Rhode Island1.8%
51Maine1.5%

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