City of St Louis Property Vacancy Rate More Than Double The Rate For The St Louis MSA

There are 100,478 residential properties in the City of St Louis, 7,604 of which (7.6%), are vacant properties according to the vacancy rate report for the 3rd quarter of 2019 by ATTOM Data Research.  The other St Louis area county with a vacancy rate higher than the rate for the St Louis MSA as a whole of 2.9% is St Louis County where 3.1% of the residential properties are vacant.

St Louis MSA Vacant Property And Investor Owned Property Q3 2019

St Louis MSA Vacant Property And Investor Owned Property Q3 2019

St Louis Homeowner Vacancy Rate At Highest Rate In Over 8 Years

The St Louis homeowner vacancy rate was 3.5 percent in 2013, an increase of almost 13 percent from the year before and the highest rate in over 8 years, according to data just released by the U.S. Census Bureau.  The homeowner vacancy rate represents the percentage of homes, that are normally occupied year-round,  that are currently vacant and for sale without a pending contract.  The interesting thing about this is the inventory of homes for sale in St Louis has been steadily declining so the fact that the vacancy rate is increasing indicates there are a growing number of vacant homes for sale.

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St Louis Rental Vacancy Rate For 3rd Quarter Hits Lowest Level Of The Year

The St Louis rental vacancy rate dropped to the lowest level of 2013 in the 3rd quarter coming in at 13.1 percent for the St. Louis metro area, according to the latest data available from the U.S. Census Bureau.  This year started off with a vacancy rate of 15.6 percent for the first quarter, the same rate 2012 started out with as well, however, in 2012 the vacancy rate fell to just 8.2 percent during the 3rd quarter.   Due to holidays and weather, the 4th quarter usually sees a significant increase in vacancy rates from the 3rd quarter so we could easily see the highest vacancy rates next quarter we have seen in years if the trend continues.

See the table below for quarterly vacancy rates from 2011 through 2013.

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