Rental Vacancy Rate Falls To Lowest Level In 20 Years

The rental vacancy rate in the U.S. was at 7.5% for the 2nd quarter of 2014, down from 8.3% the quarter before and at the lowest level in 20 years, according to data just released by the U.S. Census Bureau.  The U.S. rental vacancy rate has not been this low since the 4th quarter of 1994 when the rate was 7.4%.

Here in the Midwest region of the U.S., the rental vacancy rate was 7.5% during the 2nd quarter of 2014, the lowest rate in 16 years!  The last time the Midwest Region of the U.S. saw rental vacancy rates as low as this was back in the 2nd quarter of 1998 when the vacancy rate fell to 7.3%.

Perhaps it’s time to expand your rental portfolio or, begin building your portfolio?

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Rental Vacancy Rate Chart

Source: U.S. Census Bureau

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