Connecticut ranked 51st in nation with rental vacancy rate of 2% in Q3 2022

Image
0Comments

Connecticut ranked 51st in the nation in the third quarter with a rental vacancy rate of 2 percent, according to the U.S. Census Bureau.

The rental vacancy rate is the proportion of the homeowner inventory vacant for rent at the time of the survey.

Vacancy rates are a leading economic indicator used by economic forecasters and the federal government to gauge the current economic climate.

The bureau compiles data from a sampling of approximately 72,000 occupied and vacant housing units across the country and the District of Columbia. The bureau also collects information on homeownership vacancies, as well as certain characteristics about housing units, such as the age of household members, family status, race/ethnicity and median family income.

Rental Vacancy Rates by State in Q3

Rank State Rental Vacancy Rate
1 Arkansas 12.9%
2 North Dakota 12.4%
3 Missouri 9.6%
4 Alabama 9.3%
5 Oklahoma 9%
5 Minnesota 9%
7 Indiana 8.8%
8 Iowa 8.6%
8 Hawaii 8.6%
10 North Carolina 8.3%
11 Texas 8.1%
12 Mississippi 8%
13 Tennessee 7.8%
13 Louisiana 7.8%
15 Illinois 7.7%
15 District of Columbia 7.7%
17 Florida 7.6%
18 Wyoming 7.3%
19 Kansas 6.9%
20 Georgia 6.7%
20 Arizona 6.7%
22 Michigan 6.6%
23 West Virginia 6.4%
24 Alaska 6.2%
25 Nevada 5.9%
25 Nebraska 5.9%
27 South Dakota 5.8%
28 Washington 5.5%
28 Rhode Island 5.5%
30 New Mexico 5.4%
31 Pennsylvania 5.3%
32 Kentucky 5.1%
33 Utah 5%
33 Colorado 5%
35 Ohio 4.9%
36 Wisconsin 4.5%
37 New York 4.3%
37 Idaho 4.3%
39 Vermont 4.2%
39 South Carolina 4.2%
39 Maryland 4.2%
42 California 4.1%
43 Delaware 3.7%
44 New Hampshire 3.6%
45 Virginia 3.3%
45 New Jersey 3.3%
47 Oregon 3%
47 Massachusetts 3%
49 Maine 2.9%
50 Montana 2.5%
51 Connecticut 2%


Related

Kenosha Women’s Network - pixabay.com

Women’s Networking – Mixology 101

Join us on March 21st, from 5:30 – 7:30 pm for “Mixology 101” – sponsored by the Women’s Networking group and hosted by The Flying Monkey Grill & Bar.

Home vacancies in Connecticut up two percent in Q1

Home vacancies in Connecticut up two percent in Q1

Connecticut’s home vacancy rate was 2.3 percent in the first quarter of 2022, an increase of two percent over the previous quarter, according to a U.S. Census Bureau report.

dummy-img

Family Craft: Snow Globes

Families! Come craft with us this holiday season! We will be building snow globes during this event. A

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Constitution State News.