October 16, 2016

Q2 2016 Rental Vacancy Rates by City


The US Census tracks rental vacancy rates in major metropolitan areas.  

Note the margin of error is pretty high.   On that they say:

"1. A margin of error is a measure of an estimate’s reliability. The larger the margin of error in relation to the size of the estimate, the less reliable the estimate. This number, when added to and subtracted from the estimate, forms the 90 percent confidence interval. "


So then I read that to mean that for Akron with a vacancy rate of 10.9 and a margin of error of 10.9 that they say they have a 90% confidence that the vacancy rate is 0 - 21.8%.      Thats kind of meaningless.   But for other markets the range is a lot more narrow.   For example Boston is 3.4% with a margin of error of +/- 1.6% so they have 90% confidence the vacancy rate is 1.8% - 5%.

Here is a big list :
Metropolitan Statistical Area Second         Quarter       2016 Margin of Error
Akron, OH  10.9 10.9
Albany-Schenectady-Troy, NY . 3.3 4.6
Albuquerque, NM... 5.9 3.3
Allentown-Bethlehem-Easton, PA-NJ.. 2.6 4.9
Atlanta-Sandy Springs-Roswell, GA\1 7.6 2.8
Austin-Round Rock, TX. 4.9 3.6
Baltimore-Columbia-Towson, MD\2. 6.6 4.1
Baton Rouge, LA 6.4 4.4
Birmingham-Hoover, AL.. 14.4 6.6
Boston-Cambridge-Newton, MA-NH\3... 3.4 1.6
Bridgeport-Stamford-Norwalk, CT. 8.7 6.7
Buffalo-Cheektowaga-Niagara Falls, NY\4... 10.9 6.4
Cape Coral-Fort Myers, FL... 7.4 9.7
Charleston-North Charleston-Summerville, SC 15.8 8.6
Charlotte-Concord-Gastonia, NC-SC\5... 6.9 4.5
Chicago-Naperville-Elgin, IL-IN-WI\6 5.3 1.8
Cincinnati, OH-KY-IN\7 9.5 5.4
Cleveland-Elyria, OH\8.. 6.8 4.4
Columbia, SC 3.7 4.3
Columbus, OH 5.6 3.8
Dallas-Ft. Worth-Arlington, TX... 5.7 2.1
Dayton, OH... 5.8 7.4
Denver-Aurora-Lakewood, CO\9... 5.2 3.2
Detroit-Warren-Dearborn, MI\10 7.0 3.4
Fresno, CA 0.0 0.0
Grand Rapids-Wyoming, MI 3.5 5.6
Greensboro-High Point, NC 19.9 11.6
Hartford-West Hartford-East Hartford, CT 5.7 4.8
Houston-The Woodlands-Sugar Land, TX\11 8.2 2.7
Indianapolis-Carmel-Anderson, IN\12. 6.2 4.2
Jacksonville, FL.. 7.2 5.0
Kansas City, MO-KS. 12.1 5.4
Knoxville, TN. 5.8 5.7
Las Vegas-Henderson-Paradise, NV\13.. 9.3 3.0
Little Rock-North Little Rock-Conway, AR.. 11.3 5.5
Los Angeles-Long Beach-Anaheim, CA\14... 3.2 1.1
Louisville/Jefferson County, KY-IN\15.. 6.6 5.1
Memphis, TN-AR-MS. 8.4 4.9
Miami-Fort Lauderdale-West Palm Beach, FL\16 6.8 2.5
Milwaukee-Waukesha-West Allis, WI 5.5 4.1
Minneapolis-St. Paul-Bloomington, MN-WI ... 5.2 3.3
Nashville-Davidson-Murfreesboro-Franklin, TN\17 4.5 3.4
New Haven-Milford, CT.. 6.8 5.5
New Orleans-Metairie, LA.\18 11.4 4.4
New York-Newark-Jersey City, NY-NJ-PA\19... 4.9 1.1
North Port-Bradenton-Sarasota, FL... 16.8 14.7
Oklahoma City, OK. 11.2 5.0
Omaha-Council Bluffs, NE-IA 3.9 3.3
Orlando-Kissimmee-Sanford, FL\20 7.6 4.1
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD\21 . 5.9 2.6
Phoenix-Mesa-Scottsdale, AZ... 6.0 2.8
Pittsburgh, PA. 7.7 4.8
Portland-Vancouver-Hillsboro, OR-WA\22.. 4.9 2.7
Providence-Warwick, RI-MA\23. 2.5 1.4
Raleigh, NC\24 4.4 5.0
Richmond, VA. 4.4 4.6
Riverside-San Bernardino-Ontario, CA.. 6.0 3.0
Rochester, NY... 3.5 4.5
Sacramento-Roseville-Arden-Arcade, CA\25 8.2 4.5
St. Louis, MO-IL.. 5.5 3.4
Salt Lake City, UT 5.6 3.8
San Antonio-New Braunfels, TX\26... 7.2 4.1
San Diego-Carlsbad, CA\27. 1.4 1.5
San Francisco-Oakland-Hayward, CA\28 3.1 1.9
San Jose-Sunnyvale-Santa Clara, CA... 4.2 3.3
Seattle-Tacoma-Bellevue, WA 2.7 1.9
Syracuse, NY 6.6 7.4
Tampa-St. Petersburg-Clearwater, FL.. 5.9 3.3
Toledo, OH 5.7 7.1
Tucson, AZ .. 11.5 6.9
Tulsa, OK 4.7 4.4
Urban Honolulu, HI\29.. 10.1 3.4
Virginia Beach-Norfolk-Newport News, VA-NC\30... 5.2 4.1
Washington-Arlington-Alexandria, DC-VA-MD-WV.. 5.5 2.4
Worcester, MA. 3.2 3.8



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