The U.S. government is reporting that the national vacancy rates for Q4 2024 were 6.9% for rental housing and 1.1% for homeowner housing. The national homeownership rate for Q4 2024 was 65.7%. In addition, approximately 89.8% of the housing units in the United States in Q4 were occupied and 10.2% were vacant. Owner-occupied housing units made up 59% of total housing units, while renter-occupied units made up 30.8% of the inventory. Vacant year-round units comprised 8% of total housing units, while 2.2% were vacant for seasonal use. Interestingly, all of these number are nearly the same as the previous quarter.
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Click here to read the full release at the U.S. Census Bureau.
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Written by: Brad Beckett