St Louis Rental Vacancy Rate Hits Lowest Level In Over 15 Years!

The St Louis MSA rental vacancy rate during the 2nd quarter of 2020 was 4.4%, the lowest rate in over 15 years, according to data recently released by the U.S. Census Bureau.  During the 2nd quarter of last year, the St Louis rental vacancy rate was 7.6%..


  

St Louis Rental Vacancy Rates – 2005 – Present

(click on table for complete data from 2005 – present)
St Louis Rental Vacancy Rates - 2005 - Present

 

St Louis Rental Vacancy Rates Hit Highest Level In Over Three Years

The St Louis MSA rental vacancy rate during the 3rd quarter of this year was 10.6%, an increase from 7.6% the prior quarter and the highest rate since the 1st quarter of 2016 when the rate was 12.2%, according to data recently released by the U.S. Census Bureau.  Last year, the median rental vacancy rate for the St Louis MSA for the year was 6.8%, a 13 year low.


  

St Louis Rental Vacancy Rates – 2016 – Present

(click on table for complete data from 2005 – present)St Louis Rental Vacancy Rates - 2016 - Present

 

St Louis Rental Vacancy Rate Rises In 3rd Quarter But Still Down From A Year Ago

The rental vacancy rate in the St Louis MSA the U.S. during the third quarter of this year rose to 9.5 percent from 5.5 percent the prior quarter, according to the latest data released by the U.S. Census Bureau. It is worth noting though that the 5.5 percent vacancy rate seen during 2nd quarter was, as the historical table below shows, the lowest quarterly vacancy rate for the St Louis MSA in well over a decade and 9.5 percent for the 3rd quarter of 2016 is still much lower than the 13.9 percent vacancy rate we saw for St Louis during the 3rd quarter of last year.

 

 

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Rental Vacancy Rate In U.S. During 2nd Quarter Hits Lowest Level In Over 10 Years

The rental vacancy rate in the U.S. during the second quarter of this year was 6.8 percent, the lowest level in over 10 years, according to data just released by the U.S. Census Bureau.  This was a decline of over 9 percent (9.33%) from the 2nd quarter of 2014 when the rental vacancy rate was 7.5% and is the lowest level the rental vacancy rate has been at in over 10 years.

As the chart and table below shows, the U.S. homeowner vacancy rate also declined during the 2nd quarter of this year to 1.8 percent which ties the lowest level the homeowner vacancy rate has been at in over 10 years as well.

St Louis Rental Vacancy Rate Increases During 2nd Quarter-

As the table below shows, rental vacancies in St Louis increased slightly during 2nd quarter rising to 8.7 percent from 8.6 percent the previous quarter.

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