Fast Fact: Homeowner Vacancy Rate at Record Low of 1.4%

December 30, 2019  by Laurie Northington in Business Strategy, Industry   

Although higher interest rates and rising home prices have led to a slightly increased housing inventory in recent years, inventory levels remain historically low – 78.6 million for owner-occupied units and 43.7 million for renter-occupied units.

Low home inventories have brought correspondingly low vacancy rates. The vacancy rate among homeowners has dropped each year since 2010 to 1.4 percent this year. Meanwhile,  rental vacancies have hovered around 7 percent for the last four years.

For a closer look at the numbers, click here.