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Friday, November 22, 2024

Connecticut ranked 29th in nation with rental vacancy rate of 6.1% in Q1 2021

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Connecticut ranked 29th in the nation in the first quarter with a rental vacancy rate of 6.1 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 Q1

RankStateRental Vacancy Rate
1North Dakota15%
2Kansas13%
3District of Columbia10.5%
4South Carolina10.2%
5Wyoming9.9%
5Indiana9.9%
7Hawaii9.7%
8Texas9.5%
8Alabama9.5%
10Louisiana9.4%
11New Mexico9.2%
11Missouri9.2%
13South Dakota8.9%
14Iowa8.1%
15Oklahoma7.9%
15Illinois7.9%
17Pennsylvania7.6%
18Ohio7.5%
18Minnesota7.5%
20New York7.4%
20Florida7.4%
22Arkansas7%
23Michigan6.9%
24Mississippi6.7%
25Massachusetts6.6%
26Tennessee6.4%
27Georgia6.3%
28Kentucky6.2%
29Connecticut6.1%
30Alaska5.7%
31West Virginia5.5%
31North Carolina5.5%
33New Jersey5.4%
33Maine5.4%
35Nebraska5.2%
35Idaho5.2%
35Arizona5.2%
38Colorado5%
39Virginia4.9%
40California4.8%
41New Hampshire4.7%
41Maryland4.7%
43Wisconsin4.5%
44Utah4.2%
44Montana4.2%
46Washington4.1%
46Oregon4.1%
48Nevada3.1%
49Delaware3%
50Rhode Island2.6%
51Vermont1.8%

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