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Saturday, November 23, 2024

Pennsylvania ranked 16th in nation with rental vacancy rate of 8.1% in Q1 2020

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Pennsylvania ranked 16th in the nation in the first quarter with a rental vacancy rate of 8.1 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 Q1

RankStateRental Vacancy Rate
1Alabama16%
2Mississippi12.7%
3North Dakota12.2%
4Kansas12.1%
5South Carolina11.7%
6Oklahoma9.7%
7Louisiana9.4%
7Delaware9.4%
9Wyoming9.1%
9Arkansas9.1%
11Virginia8.8%
11South Dakota8.8%
13Iowa8.6%
14Texas8.3%
15Alaska8.2%
16Pennsylvania8.1%
16Florida8.1%
18Kentucky8%
19Ohio7.6%
19Nevada7.6%
21Illinois7.5%
21Georgia7.5%
23Tennessee7.4%
23District of Columbia7.4%
25New Mexico7.2%
25Indiana7.2%
27West Virginia7.1%
27Hawaii7.1%
29Michigan7%
30North Carolina6.9%
31Nebraska6.4%
31Missouri6.4%
33Utah6.3%
34Massachusetts6.2%
35Minnesota5.7%
35Connecticut5.7%
37Maryland5.3%
38New York5.2%
39Washington4.8%
40Oregon4.5%
40Colorado4.5%
42Montana4.4%
43Idaho4%
44Vermont3.6%
45California3.4%
45Arizona3.4%
47Rhode Island3.3%
48New Hampshire3.1%
49Wisconsin3%
50New Jersey2.9%
51Maine2.5%

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