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Show-Me State Times

Wednesday, November 13, 2024

Missouri ranked 45th in nation with rental vacancy rate of 3.7% in Q1 2022

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Missouri ranked 45th in the nation in the first quarter with a rental vacancy rate of 3.7 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 Dakota13.6%
2South Carolina12.9%
3Wyoming9.2%
4Kansas8.8%
5Indiana8.7%
6Oklahoma8.5%
7Iowa8.3%
7District of Columbia8.3%
9West Virginia8%
10Texas7.7%
10Mississippi7.7%
12Maryland7.6%
12Georgia7.6%
14Nevada7.5%
14Arkansas7.5%
16Alabama6.9%
17Minnesota6.7%
18Florida6.6%
19Pennsylvania6.5%
20Illinois6.4%
21Oregon6.2%
21North Carolina6.2%
23Maine6.1%
23Hawaii6.1%
25Tennessee6%
25Arizona6%
27Nebraska5.6%
27Kentucky5.6%
29South Dakota5.4%
29New Mexico5.4%
31Virginia5.3%
31New Hampshire5.3%
33Rhode Island5.2%
34New York5.1%
34Louisiana5.1%
34Alaska5.1%
37Utah5%
38Wisconsin4.9%
38Washington4.9%
40Connecticut4.7%
41Ohio4.6%
42Michigan4.2%
43New Jersey4%
44California3.8%
45Missouri3.7%
46Montana3.4%
46Colorado3.4%
48Idaho3.3%
48Delaware3.3%
50Massachusetts2.8%
51Vermont2.5%

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