Rental vacancy rates in the US have declined significantly since the recession, driven by a steady increase in the size of the renter population. The US rental vacancy rate was 7.0% in Q4 of 2015 (4.1% lower than the most recent peak in 2009), which has driven up rents in many cities and states across the country.

The states with the lowest vacancy rates in Q4 of 2015 were:

  • Vermont (2.9%)
  • Oregon (3.5%)
  • Washington (3.8%)

Among large metropolitan areas in the US, some of the most supply-constrained were:

  • Portland (2.4%)
  • Los Angeles (2.7%)
  • Austin (3.4%)
  • San Francisco (3.5%)
  • Seattle (3.9%)

We’ll dig into the data and release our a fuller report next week, but for now, here is vacancy data for 50 states and 75 metropolitan statistical areas.

Rental Vacancy Rates

LocationTypeYearQuarterVacancy Rate
United StatesNational201547.0%
AlabamaState2015416.0%
AlaskaState201547.5%
ArizonaState201548.0%
ArkansasState201549.1%
CaliforniaState201544.0%
ColoradoState201545.0%
ConnecticutState201548.0%
DelawareState201545.4%
District of ColumbiaState201545.7%
FloridaState201548.1%
GeorgiaState201546.6%
HawaiiState201549.7%
IdahoState201544.5%
IllinoisState201546.6%
IndianaState201544.9%
IowaState201544.9%
KansasState2015412.9%
KentuckyState201547.5%
LouisianaState2015412.8%
MaineState201545.6%
MarylandState201549.4%
MassachusettsState201544.6%
MichiganState201546.5%
MinnesotaState201544.8%
MississippiState2015411.5%
MissouriState201548.2%
MontanaState201543.8%
NebraskaState201544.7%
NevadaState201547.3%
New HampshireState201544.6%
New JerseyState201545.2%
New MexicoState201549.6%
New YorkState201545.0%
North CarolinaState2015410.3%
North DakotaState2015411.7%
OhioState201548.9%
OklahomaState201547.3%
OregonState201543.5%
PennsylvaniaState201546.9%
Rhode IslandState201544.9%
South CarolinaState201549.6%
South DakotaState201545.1%
TennesseeState201547.5%
TexasState201549.7%
UtahState201545.4%
VermontState201542.9%
VirginiaState201547.9%
WashingtonState201543.8%
West VirginiaState201549.3%
WisconsinState201545.6%
WyomingState2015411.9%
Akron, OHMSA2015410.3%
Albany, NYMSA201543.0%
Alburquerque, NMMSA201546.4%
Allentown, PAMSA201542.4%
Atlanta, GAMSA201546.8%
Austin, TXMSA201543.4%
Baltimore, MDMSA201546.9%
Baton Rouge, LAMSA201548.5%
Birmingham, ALMSA2015420.1%
Boston, MAMSA201544.0%
Bridgeport, CTMSA201545.1%
Buffalo, NYMSA201544.2%
Cape Coral, FLMSA201546.4%
Charleston, SCMSA2015410.2%
Charlotte, NCMSA201545.7%
Chicago, ILMSA201545.5%
Cincinnati, OHMSA201546.0%
Cleveland, OHMSA2015410.9%
Columbia, SCMSA2015410.4%
Columbus, OHMSA201547.4%
Dallas, TXMSA201548.7%
Dayton, OHMSA2015410.8%
Denver, COMSA201544.6%
Detroit, MIMSA201545.9%
Fresno, CAMSA201544.6%
Grand Rapids, MIMSA201544.8%
Greensboro, NCMSA201548.0%
Hartford, CTMSA201549.3%
Houston, TXMSA2015411.0%
Indianapolis, INMSA201544.5%
Jacksonville, FLMSA201545.6%
Kansas City, MOMSA201548.5%
Knoxville, TNMSA201545.0%
Las Vegas, NVMSA201547.4%
Little Rock, ARMSA2015410.2%
Los Angeles, CAMSA201542.7%
Louisville/Jefferson County, KYMSA201547.8%
Memphis, TNMSA2015410.7%
Miami, FLMSA201547.0%
Milwaukee, WIMSA201545.6%
Minneapolis, MNMSA201544.2%
Nashville, TNMSA201543.7%
New Haven, CTMSA201549.9%
New Orleans, LAMSA201549.3%
New York, NYMSA201544.5%
North Port, FLMSA2015410.8%
Oklahoma City, OKMSA201548.6%
Omaha, NEMSA201543.4%
Orlando, FLMSA201547.0%
Philadelphia, PAMSA201546.8%
Phoenix, AZMSA201544.3%
Pittsburgh, PAMSA201547.5%
Portland, ORMSA201542.4%
Providence, RIMSA201543.7%
Raleigh, NCMSA2015412.3%
Richmond, VAMSA201543.4%
Riverside, CAMSA201548.5%
Rochester, NYMSA201545.8%
Sacramento, CAMSA201546.3%
St. Louis, MOMSA201547.4%
Salt Lake City, UTMSA201545.8%
San Antonio, TXMSA2015411.3%
San Diego, CAMSA201544.8%
San Francisco, CAMSA201543.5%
San Jose, CAMSA201542.5%
Seattle, WAMSA201543.9%
Syracuse, NYMSA201547.3%
Tampa, FLMSA201547.2%
Toledo, OHMSA2015411.9%
Tucson, AZMSA2015412.6%
Tulsa, OKMSA201547.7%
Urban Honolulu, HIMSA201546.0%
Virginia Beach, VAMSA2015410.3%
Washington, DCMSA201547.4%
Worcester, MAMSA201544.7%